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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement      
Profit € 2,764 € 4,860 € 13,961
Adjustments to reconcile profit to net cash provided by operating activities      
Depreciation and amortization 7,600 7,479 7,205
Net impairments (reversals) of tangible, intangible and right-of-use assets 2,900 1,802 1,140
Write-off of tangible and intangible assets and right-of-use assets 580 535 599
Share of (profit) loss of equity-accounted investments (866) (1,336) (1,841)
Net gain on disposal of assets (601) (441) (524)
Dividend income (227) (255) (351)
Interest income (497) (517) (159)
Interest expense 1,245 1,000 1,033
Income taxes 3,725 5,368 8,088
Other changes (158) (700) (2,773)
Cash flow from changes in working capital: 1,286 1,811 (1,279)
- inventories 68 1,792 (2,528)
- trade receivables 1,145 3,322 (1,036)
- trade payables 110 (4,823) 2,284
- provisions (87) 97 2,028
- other assets and liabilities 50 1,423 (2,027)
Change in the provisions for employee benefits (105) 1 39
Dividends received 1,946 2,255 1,545
Interest received 456 459 116
Interest paid (1,130) (919) (851)
Income taxes paid, net of tax receivables received (5,826) (6,283) (8,488)
Net cash provided by operating activities 13,092 15,119 17,460
Cash flow from investing activities (11,782) (12,404) (10,793)
- tangible assets (7,999) (8,739) (7,700)
- prepaid right-of-use assets (5)   (3)
- intangible assets (486) (476) (356)
- consolidated subsidiaries and businesses net of cash and cash equivalents acquired (1,795) (1,277) (1,636)
- investments (798) (1,315) (1,675)
- securities and financing receivables held for operating purposes (185) (388) (350)
- change in payables in relation to investing activities (514) (209) 927
Cash flow from disposals 2,496 845 2,989
- tangible assets 1,354 122 149
- intangible assets 21 32 17
- consolidated subsidiaries and businesses net of cash and cash equivalents disposed of 887 395 (60)
- investments 526 47 1,096
- securities and financing receivables held for operating purposes 69 32 483
- change in receivables in relation to disposals (361) 217 1,304
Net change in securities and financing receivables held for non-operating purposes (531) 2,194 786
Net cash used in investing activities (9,817) (9,365) (7,018)
Increase in long-term financial debt 3,516 4,971 130
Repayments of long-term financial debt (4,748) (3,161) (4,074)
Payments of lease liabilities (1,205) (963) (994)
Increase (decrease) in short-term financial debt (61) (1,495) 1,375
Dividends paid to Eni's shareholders (3,068) (3,046) (3,009)
Dividends paid to non-controlling interest (45) (36) (60)
Capital contribution by (reimbursement to) non-controlling interests 589 (16) 92
Sale (purchase) of additional interests in consolidated subsidiaries   (60) 536
Other contributions 14    
Purchase of treasury shares (2,012) (1,803) (2,400)
Issuing effect of convertible bonds   79  
Issue of perpetual subordinated bonds 1,778    
Coupon payment on perpetual subordinated bonds (138) (138) (138)
Net cash used in financing activities (5,380) (5,668) (8,542)
Effect of exchange rate changes and other changes on cash and cash equivalents 83 (62) 16
Net increase (decrease) in cash and cash equivalents (2,022) 24 1,916
Cash and cash equivalents - beginning of the year 10,205 10,181 8,265
Cash and cash equivalents - end of the year 8,183 10,205 10,181
Related parties      
Adjustments to reconcile profit to net cash provided by operating activities      
Net cash provided by operating activities (11,508) (7,011) 223
Net cash used in investing activities (3,140) (1,695) (32)
Net cash used in financing activities (20) (162) (88)
Effect of exchange rate changes and other changes on cash and cash equivalents (3) (7) 8
Net increase (decrease) in cash and cash equivalents € (14,671) € (8,875) € 111