EC Q3 2021 Earnings Report — Ecopetrol S.A. Revenue & Financial Results | Market Cap Arena

Ecopetrol S.A.EC

Q3 2021 Earnings

Reported September 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$6.5B	—	—	—	—
Op. Income	$2.0B	—	—	—	—
Gross Margin	37.8%	—	—	—	—
Net Margin	16.3%	—	—	—	—
EPS (Diluted)	$0.52	—	—	—	—
Free Cash Flow	$837M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$4.1B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$399M
SG&A Expenses	$399M
Other Expenses	$85M
Operating Expenses	$483M
Cost & Expenses	$4.5B
OPERATING INCOME	$2.0B
Interest Income	$17M
Interest Expense	$218M
Other Income/Expenses	-$164M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$615M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$753M
EBIT	$2.0B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$4.1B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$399M
SG&A Expenses	$399M
Other Expenses	$85M
Operating Expenses	$483M
Cost & Expenses	$4.5B
OPERATING INCOME	$2.0B
Interest Income	$17M
Interest Expense	$218M
Other Income/Expenses	-$164M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$615M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$753M
EBIT	$2.0B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$766M
Stock-Based Compensation	$0
Deferred Income Tax	$188M
Other Non-Cash Items	$332M
Change in Working Capital	-$1.0B
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$472M
Acquisitions (Net)	-$2.7B
Purchases of Investments	-$5M
Sales/Maturities of Investments	-$172M
Other Investing Activities	-$136.8K
NET CASH FROM INVESTING	-$3.8B
Net Debt Issuance	$3.8B
Common Stock Repurchased	-$40M
Common Dividends Paid	-$68M
Other Financing Activities	$238M
NET CASH FROM FINANCING	$4.0B
FREE CASH FLOW	$837M
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.8B
Short-Term Investments	$514M
Net Receivables	$4.5B
Inventory	$2.5B
Other Current Assets	$2.6B
TOTAL CURRENT ASSETS	$13.2B
PP&E (Net)	$32.7B
Goodwill	$5.5B
Intangible Assets	$2.9B
Long-Term Investments	$2.6B
Tax Assets	$0
Other Non-Current Assets	$10.6B
TOTAL NON-CURRENT ASSETS	$54.4B
TOTAL ASSETS	$67.6B
Account Payables	$2.4B
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$23.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.2B
TOTAL NON-CURRENT LIABILITIES	$33.5B
TOTAL LIABILITIES	$41.3B
Common Stock	$7.0B
Additional Paid-In Capital	$1.9B
Retained Earnings	$6.3B
Treasury Stock	$0
Accum. Other Comp. Income	$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.7B
Minority Interest	$8.6B
TOTAL EQUITY	$26.3B
TOTAL LIABILITIES & EQUITY	$67.6B
Total Debt	$25.8B
Net Debt	$22.9B