Marathon Petroleum Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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21. Supplemental Cash Flow Information
- Supplemental Cash Flow Information
| (Millions of dollars) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net cash provided by operating activities included: | |||
| Interest paid (net of amounts capitalized) | $1,219 | $1,247 | $1,200 |
| Income taxes paid to taxing authorities | |||
| Federal(a) | 333 | 635 | 2,321 |
| State and local: | |||
| California | 22 | 45 | 98 |
| Other | 33 | 46 | 327 |
| Foreign | 18 | 6 | 5 |
| Total | 406 | 732 | 2,751 |
| Cash paid for amounts included in the measurement of lease liabilities | |||
| Payments on operating leases | 530 | 532 | 493 |
| Interest payments under finance lease obligations | 33 | 25 | 25 |
| Net cash provided by financing activities included: | |||
| Principal payments under finance lease obligations | 108 | 82 | 79 |
| Non-cash investing and financing activities: | |||
| Right of use assets obtained in exchange for new operating lease obligations | 724 | 637 | 465 |
| Right of use assets obtained in exchange for new finance lease obligations | 85 | 302 | 21 |
| Contribution of assets(b) | 115 | — | — |
| Book value of equity method investment(c) | 282 | 50 | 311 |
| Contingent consideration(d) | 234 | — | — |
(a)Includes $332 million and $565 million in 2025 and 2024, respectively, paid to third parties and related parties for transferable tax credits. The 2025 total includes $221 million paid to Martinez Renewables LLC.
(b)Represents the book value of assets contributed by MPLX to a JV.
(c) 2025 and 2023 represents the book value of MPLX’s equity method investment in BANGL and Torñado, respectively, prior to MPLX buying out the remaining interest in these entities. 2024 represents the book value of Coastal Holdings prior to MPC buying out the remaining 50 percent interest from our joint venture partner. See Note 5 for additional information.
(d)See Note 5 - BANGL, LLC Acquisitions
The consolidated statements of cash flows exclude changes to the consolidated balance sheets that did not affect cash. The following is a reconciliation of additions to property, plant and equipment to total capital expenditures:
| (Millions of dollars) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Additions to property, plant and equipment per the consolidated statements of cash flows | $3,486 | $2,533 | $1,890 |
| Increase in capital accruals | 143 | 34 | 184 |
| Total capital expenditures | $3,629 | $2,567 | $2,074 |
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