Marathon Petroleum Corp
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
MPC$389.55-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (Millions of dollars) | 2025 | 2024 |
| Operating activities: | ||
| Net income | $3,899 | $4,282 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Amortization of deferred financing costs and debt discount | 30 | (44) |
| Depreciation and amortization | 2,423 | 2,511 |
| Pension and other postretirement benefits, net | (36) | 18 |
| Deferred income taxes | 251 | (132) |
| Net gain on disposal of assets | (4) | (17) |
| Income from equity method investments | (1,418) | (796) |
| Distributions from equity method investments | 857 | 882 |
| Changes in the fair value of derivative instruments | (45) | 47 |
| Changes in: | ||
| Current receivables | 706 | 2,061 |
| Inventories | (285) | (588) |
| Current liabilities and other current assets | (1,204) | (1,546) |
| Right of use assets and operating lease liabilities, net | 10 | (1) |
| All other, net | — | (219) |
| Net cash provided by operating activities | 5,184 | 6,458 |
| Investing activities: | ||
| Additions to property, plant and equipment | (2,305) | (1,723) |
| Acquisitions, net of cash acquired | (3,316) | (622) |
| Disposal of assets | 20 | 4 |
| Investments – acquisitions and contributions | (821) | (450) |
| Investments – redemptions, repayments, return of capital and sales proceeds | 571 | 141 |
| Purchases of short-term investments | — | (2,949) |
| Sales of short-term investments | — | 2,295 |
| Maturities of short-term investments | — | 4,384 |
| All other, net | 198 | 147 |
| Net cash provided by (used in) investing activities | (5,653) | 1,227 |
| Financing activities: | ||
| Commercial paper – issued | 5,055 | — |
| Commercial paper – repayments | (5,055) | — |
| Long-term debt – borrowings | 11,166 | 1,631 |
| Long-term debt – repayments | (6,438) | (811) |
| Debt issuance costs | (80) | (15) |
| Issuance of common stock | 24 | 19 |
| Common stock repurchased | (2,487) | (7,815) |
| Dividends paid | (840) | (862) |
| Distributions to noncontrolling interests | (1,104) | (1,005) |
| Repurchases of noncontrolling interests | (300) | (226) |
| All other, net | (29) | (43) |
| Net cash used in financing activities | (88) | (9,127) |
| Nine Months Ended September 30, | ||
|---|---|---|
| (Millions of dollars) | 2025 | 2024 |
| Net change in cash, cash equivalents and restricted cash | (557) | (1,442) |
| Cash, cash equivalents and restricted cash at beginning of period(a) | 3,211 | 5,446 |
| Cash, cash equivalents and restricted cash at end of period(a) | $2,654 | $4,004 |
(a)Restricted cash is included in other current assets on our consolidated balance sheets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.