Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

0857 Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

Free Cash Flow = Operating Cash Flow - Capital Expenditures

Using above formula to calculate Free Cash Flow for PetroChina Company Limited (0857), the free cash flow value is 79.852B.

All amounts in CNY

Operating Cash
341.47B
Capital Expenditure
-261.62B
Free Cash Flow
79.852B

PetroChina Company Limited has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

0857 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for PetroChina Company Limited (HKEX:0857).

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 92.17B 19.01B 45.68B 53.04B
Depreciation 236.82B 221.35B 232.31B 230.79B
Change To Netincome 47.38B 2.43B 50.5B 63.4B
Change To Account Receivables -8.27B 14.75B -5.02B -9.28B
Change To Liabilities -10.74B 17.4B 41.76B 50.02B
Change To Inventory -15.89B 43.65B -5.62B -34.7B
Total Cash From Operating Activities 341.47B 318.57B 359.61B 353.26B
Capital Expenditures -261.62B -248.38B -319.69B -267.31B
Investments -582M -16.61B -16.25B -2.22B
Other Cashflows From Investing Activities 50.37B 87.11B 4.41B 4.77B
Total Cashflows From Investing Activities -213.03B -181.99B -332.95B -267.81B
Dividends Paid -39.87B -28.08B -30.28B -13.84B
Net Borrowings -39.36B -40.96B 33.08B -65.86B
Other Cashflows From Financing Activities -28.75B -30.36B -29.68B -32.47B
Total Cash From Financing Activities -107.97B -99.4B -27.28B -125.7B
Effect Of Exchange Rate -2.31B -4.97B 1.07B 2.51B
Change In Cash 18.16B 32.22B 455M -37.75B