LyondellBasell Industries N.V.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
LYB$60.60+1.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| Millions of dollars | 2025 | 2024 | 2023 |
| Cash flows from operating activities: | |||
| Net income (loss) | $(738) | $1,367 | $2,121 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,390 | 1,522 | 1,534 |
| Impairments | 1,251 | 949 | 518 |
| Amortization of debt-related costs | 11 | 11 | 9 |
| Share-based compensation | 91 | 91 | 91 |
| Equity investments— | |||
| Equity loss | 12 | 217 | 20 |
| Distributions of earnings, net of tax | 92 | 122 | 169 |
| Deferred income tax provision (benefit) | (156) | (437) | 43 |
| (Gain) loss on sale of business | 6 | (284) | — |
| Gain on sale of assets | (112) | (36) | — |
| Changes in assets and liabilities that provided (used) cash: | |||
| Accounts receivable | 687 | 127 | 110 |
| Inventories | 945 | 25 | 18 |
| Accounts payable | (768) | (122) | 141 |
| Other, net | (449) | 267 | 168 |
| Net cash provided by operating activities | 2,262 | 3,819 | 4,942 |
| Cash flows from investing activities: | |||
| Expenditures for property, plant and equipment | (1,878) | (1,839) | (1,531) |
| Proceeds from sale of business | 4 | 689 | — |
| Proceeds from sale of assets | 131 | 68 | — |
| Payment for acquisition of equity method investments | (14) | (551) | (102) |
| Proceeds from settlement of net investment hedges | 902 | 967 | 903 |
| Payments for settlement of net investment hedges | (877) | (921) | (820) |
| Other, net | (44) | (266) | (227) |
| Net cash used in investing activities | (1,776) | (1,853) | (1,777) |
| Year Ended December 31, | |||
|---|---|---|---|
| Millions of dollars | 2025 | 2024 | 2023 |
| Cash flows from financing activities: | |||
| Repurchases of Company ordinary shares | $(201) | $(195) | $(211) |
| Dividends paid - common stock | (1,764) | (1,720) | (1,610) |
| Issuance of long-term debt | 1,990 | 744 | 500 |
| Payments of debt issuance costs | (18) | (10) | (5) |
| Repayments of long-term debt | (492) | (776) | (425) |
| Net repayments of commercial paper | — | — | (200) |
| Proceeds from settlement of cash flow hedges | — | 882 | 20 |
| Payments for settlement of cash flow hedges | — | (835) | — |
| Other, net | (22) | 15 | (19) |
| Net cash used in financing activities | (507) | (1,895) | (1,950) |
| Effect of exchange rate changes on cash | 82 | (88) | 34 |
| Increase (decrease) in cash and cash equivalents and restricted cash | 61 | (17) | 1,249 |
| Cash and cash equivalents and restricted cash at beginning of period | 3,388 | 3,405 | 2,156 |
| Cash and cash equivalents and restricted cash at end of period | $3,449 | $3,388 | $3,405 |
| Supplemental Cash Flow Information: | |||
| Interest paid, net of capitalized interest | $483 | $503 | $487 |
| Net income taxes paid | 393 | 343 | 465 |
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