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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement      
Profit (loss) € 5,840 € (8,628) € 155
Adjustments to reconcile profit (loss) to net cash provided by operating activities      
Depreciation and amortization 7,063 7,304 8,106
Net Impairments (reversals) of tangible and intangible assets and right-of-use assets 167 3,183 2,188
Write-off of tangible and intangible assets 387 329 300
Share of (profit) loss of equity-accounted investments 1,091 1,733 88
Net gain on disposal of assets (102) (9) (170)
Dividend income (230) (150) (247)
Interest income (75) (126) (147)
Interest expense 794 877 1,027
Income taxes 4,845 2,650 5,591
Other changes (194) 92 (179)
Cash flow from changes in working capital (3,146) (18) 366
- inventories (2,033) 1,054 (200)
- trade receivables (7,888) 1,316 1,023
- trade payables 7,744 (1,614) (940)
- provisions (406) (1,056) 272
- other assets and liabilities (563) 282 211
Net change in the provisions for employee benefits 54   (23)
Dividends received 857 509 1,346
Interest received 28 53 88
Interest paid (792) (928) (1,029)
Income taxes paid, net of tax receivables received (3,726) (2,049) (5,068)
Net cash provided by operating activities 12,861 4,822 12,392
Cash flow from investing activities (7,815) (5,959) (11,928)
- tangible assets (4,950) (4,407) (8,049)
- prepaid right-of-use assets (2)   (16)
- intangible assets (284) (237) (311)
- consolidated subsidiaries and businesses net of cash and cash equivalent acquired (1,901) (109) (5)
- investments (837) (283) (3,003)
- securities and financing receivables held for operating purposes (227) (166) (237)
- change in payables in relation to investing activities 386 (757) (307)
Cash flow from disposals 536 216 794
- tangible assets 207 12 264
- intangible assets 1   17
- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of 76   187
- tax on disposals (35)   (3)
- investments 155 16 39
- securities and financing receivables held for operating purposes 141 136 195
- change in receivables in relation to disposals (9) 52 95
Net change in securities and financing receivables held for non-operating purposes (4,743) 1,156 (279)
Net cash used in investing activities (12,022) (4,587) (11,413)
Increase in long-term financial debt 3,556 5,278 1,811
Repayments of long-term financial debt (2,890) (3,100) (3,512)
Payments of lease liabilities (939) (869) (877)
Increase (decrease) in short-term financial debt (910) 937 161
Dividends paid to Eni's shareholders (2,358) (1,965) (3,018)
Dividends paid to non-controlling interest (5) (3) (4)
Reimbursements to non-controlling interest     (1)
Acquisition of additional interests in consolidated subsidiaries (17)   (1)
Acquisition of treasury shares (400)   (400)
Issue of perpetual subordinated bonds 1,985 2,975  
Coupon payment on perpetual subordinated bonds (61)    
Net cash used in financing activities (2,039) 3,253 (5,841)
Effect of exchange rate changes and other changes on cash and cash equivalents 52 (69) 1
Net increase (decrease) in cash and cash equivalents (1,148) 3,419 (4,861)
Cash and cash equivalents - beginning of the year 9,413 5,994 10,855
Cash and cash equivalents - end of the year 8,265 9,413 5,994
Related parties      
Adjustments to reconcile profit (loss) to net cash provided by operating activities      
Net cash provided by operating activities (4,331) (4,640) (6,356)
Net cash used in investing activities (976) (1,372) (2,912)
Net cash used in financing activities € (13) € 164 € (817)