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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Profit of the period $ 7,416 $ 6,891 $ 7,597
Depreciation, amortization and impairment 5,544 5,411 5,078
Net finance (income)/expense 5,353 5,102 4,148
Equity-settled share-based payment expense 644 570 448
Income tax expense 3,152 2,234 1,928
Other non-cash items (269) 1,125 (102)
Share of result of associates (433) (260) 844
Cash flow from operating activities before changes in working capital and use of provisions 21,406 21,072 19,941
Decrease/(increase) in trade and other receivables 341 (1,147) (48)
Decrease/(increase) in inventories (149) 717 (1,547)
Increase/(decrease) in trade and other payables (215) (1,110) 1,249
Pension contributions and use of provisions (374) (419) (351)
Cash generated from operations 21,009 19,113 19,244
Interest paid (3,649) (3,877) (4,133)
Interest received 594 598 611
Dividends received 234 127 158
Income tax paid (3,134) (2,696) (2,582)
Cash flow from/(used in) operating activities 15,055 13,265 13,298
INVESTING ACTIVITIES      
Acquisition of property, plant and equipment and of intangible assets (3,863) (4,638) (5,160)
Proceeds from sale of property, plant and equipment and of intangible assets 128 156 322
Sale/(acquisition) of subsidiaries, net of cash disposed/ acquired of (46) 9 (70)
Proceeds from sale/(acquisition) of other assets 523 83 571
Cash flow from/(used in) investing activities (3,259) (4,390) (4,337)
FINANCING ACTIVITIES      
Proceeds from borrowings 5,465 202 91
Repayments of borrowings (9,295) (3,098) (7,265)
Dividends paid (2,672) (3,013) (2,442)
Share buyback (937) (362) 0
Payment of lease liabilities (787) (780) (610)
Derivative financial instruments (431) (841) 61
Sale/(acquisition) of non-controlling interests (435) (22) (20)
Other financing cash flows (763) (646) (719)
Cash flow from/(used in) financing activities (9,854) (8,560) (10,904)
Net increase/(decrease) in cash and cash equivalents 1,942 315 (1,942)
Cash and cash equivalents less bank overdrafts at beginning of year 10,314 9,890 12,043
Effect of exchange rate fluctuations (1,082) 109 (211)
Cash and cash equivalents less bank overdrafts at end of period $ 11,174 $ 10,314 $ 9,890