XML 104 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement      
Profit (loss) € 13,961 € 5,840 € (8,628)
Adjustments to reconcile profit (loss) to net cash provided by operating activities      
Depreciation and amortization 7,205 7,063 7,304
Net Impairments (reversals) of tangible, intangible and right-of-use assets 1,140 167 3,183
Write-off of tangible and intangible assets 599 387 329
Share of (profit) loss of equity-accounted investments (1,841) 1,091 1,733
Net gain on disposal of assets (524) (102) (9)
Dividend income (351) (230) (150)
Interest income (159) (75) (126)
Interest expense 1,033 794 877
Income taxes 8,088 4,845 2,650
Other changes (2,773) (194) 92
Cash flow from changes in working capital: (1,279) (3,146) (18)
- inventories (2,528) (2,033) 1,054
- trade receivables (1,036) (7,888) 1,316
- trade payables 2,284 7,744 (1,614)
- provisions 2,028 (406) (1,056)
- other assets and liabilities (2,027) (563) 282
Net change in the provisions for employee benefits 39 54  
Dividends received 1,545 857 509
Interest received 116 28 53
Interest paid (851) (792) (928)
Income taxes paid, net of tax receivables received (8,488) (3,726) (2,049)
Net cash provided by operating activities 17,460 12,861 4,822
Cash flow from investing activities (10,793) (7,815) (5,959)
- tangible assets (7,700) (4,950) (4,407)
- prepaid right-of-use assets (3) (2)  
- intangible assets (356) (284) (237)
- consolidated subsidiaries and businesses net of cash and cash equivalents acquired (1,636) (1,901) (109)
- investments (1,675) (837) (283)
- securities and financing receivables held for operating purposes (350) (227) (166)
- change in payables in relation to investing activities 927 386 (757)
Cash flow from disposals 2,989 536 216
- tangible assets 149 207 12
- intangible assets 17 1  
- consolidated subsidiaries and businesses net of cash and cash equivalents disposed of (60) 76  
- tax on disposals   (35)  
- investments 1,096 155 16
- securities and financing receivables held for operating purposes 483 141 136
- change in receivables in relation to disposals 1,304 (9) 52
Net change in securities and financing receivables held for non-operating purposes 786 (4,743) 1,156
Net cash used in investing activities (7,018) (12,022) (4,587)
Increase in long-term financial debt 130 3,556 5,278
Repayments of long-term financial debt (4,074) (2,890) (3,100)
Payments of lease liabilities (994) (939) (869)
Increase (decrease) in short-term financial debt 1,375 (910) 937
Dividends paid to Eni's shareholders (3,009) (2,358) (1,965)
Dividends paid to non-controlling interest (60) (5) (3)
Capital contribution by non-controlling interests 92    
Sale (purchase) of additional interests in consolidated subsidiaries 536 (17)  
Purchase of treasury shares (2,400) (400)  
Issue of perpetual subordinated bonds   1,985 2,975
Coupon payment on perpetual subordinated bonds (138) (61)  
Net cash used in financing activities (8,542) (2,039) 3,253
Effect of exchange rate changes and other changes on cash and cash equivalents 16 52 (69)
Net increase (decrease) in cash and cash equivalents 1,916 (1,148) 3,419
Cash and cash equivalents - beginning of the year 8,265 9,413 5,994
Cash and cash equivalents - end of the year 10,181 8,265 9,413
Related parties      
Adjustments to reconcile profit (loss) to net cash provided by operating activities      
Net cash provided by operating activities 223 (4,331) (4,640)
Net cash used in investing activities (32) (976) (1,372)
Net cash used in financing activities (88) (13) 164
Effect of exchange rate changes and other changes on cash and cash equivalents 8 2  
Net increase (decrease) in cash and cash equivalents € 111 € (5,318) € (5,848)