LyondellBasell Industries NV
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
LYB$60.60+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| Millions of dollars | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income | $1,367 | $2,121 | $3,889 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,522 | 1,534 | 1,267 |
| Impairments | 949 | 518 | 69 |
| Amortization of debt-related costs | 11 | 9 | 14 |
| Share-based compensation | 91 | 91 | 70 |
| Equity investments— | |||
| Equity loss (income) | 217 | 20 | (5) |
| Distributions of earnings, net of tax | 122 | 169 | 349 |
| Deferred income tax provision (benefit) | (437) | 43 | 369 |
| Gain on sale of business | (284) | — | — |
| Changes in assets and liabilities that provided (used) cash: | |||
| Accounts receivable | 127 | 110 | 1,005 |
| Inventories | 25 | 18 | (91) |
| Accounts payable | (122) | 141 | (464) |
| Other, net | 231 | 168 | (353) |
| Net cash provided by operating activities | 3,819 | 4,942 | 6,119 |
| Cash flows from investing activities: | |||
| Expenditures for property, plant and equipment | (1,839) | (1,531) | (1,890) |
| Proceeds from sale of business | 689 | — | 15 |
| Acquisition of equity method investments | (551) | (102) | (4) |
| Proceeds from settlement of net investment hedges | 967 | 903 | 614 |
| Payments for settlement of net investment hedges | (921) | (820) | (501) |
| Other, net | (198) | (227) | (211) |
| Net cash used in investing activities | (1,853) | (1,777) | (1,977) |
| Year Ended December 31, | |||
|---|---|---|---|
| Millions of dollars | 2024 | 2023 | 2022 |
| Cash flows from financing activities: | |||
| Repurchases of Company ordinary shares | $(195) | $(211) | $(420) |
| Dividends paid - common stock | (1,720) | (1,610) | (3,246) |
| Issuance of long-term debt | 744 | 500 | — |
| Payments of debt issuance costs | (10) | (5) | — |
| Repayments of long-term debt | (776) | (425) | — |
| Net repayments of commercial paper | — | (200) | (4) |
| Net collateral received from interest rate derivatives | — | — | 238 |
| Proceeds from settlement of cash flow hedges | 882 | 20 | — |
| Payments for settlement of cash flow hedges | (835) | — | — |
| Other, net | 15 | (19) | 25 |
| Net cash used in financing activities | (1,895) | (1,950) | (3,407) |
| Effect of exchange rate changes on cash | (88) | 34 | (56) |
| Increase (decrease) in cash and cash equivalents and restricted cash | (17) | 1,249 | 679 |
| Cash and cash equivalents and restricted cash at beginning of period | 3,405 | 2,156 | 1,477 |
| Cash and cash equivalents and restricted cash at end of period | $3,388 | $3,405 | $2,156 |
| Supplemental Cash Flow Information: | |||
| Interest paid, net of capitalized interest | $503 | $487 | $297 |
| Net income taxes paid | 343 | 465 | 746 |
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