$YPF
YPF SOCIEDAD ANONIMA
CIK:0000904851|SEC Filings
Consolidated statements of cash flow - USD ($) $ in Millions |
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Cash flows from operating activities | |||||||||
| Net (loss) / profit | $ (799) | $ 2,393 | $ (1,277) | ||||||
| Adjustments to reconcile net (loss) / profit to cash flows provided by operating activities: | |||||||||
| Income from equity interests in associates and joint ventures | (122) | (396) | (94) | ||||||
| Depreciation of property, plant and equipment | 2,857 | 2,446 | 3,016 | ||||||
| Amortization of intangible assets | 61 | 43 | 37 | ||||||
| Depreciation of right-of-use assets | 286 | 270 | 220 | ||||||
| Retirement of property, plant and equipment and intangible assets and consumption of materials | 680 | 620 | 383 | ||||||
| Charge on income tax | 1,709 | (1,373) | (381) | ||||||
| Net increase in provisions | 817 | 748 | 426 | ||||||
| (Reversal) / Impairment of property, plant and equipment and inventories write-down | (4) | 87 | 2,288 | ||||||
| Effect of changes in exchange rates, interest and others | 963 | 613 | 709 | ||||||
| Share-based benefit plans | 15 | 7 | 3 | ||||||
| Result from sale of assets | (219) | (6) | 0 | ||||||
| Result from changes in fair value of assets held for sale | 418 | 260 | 0 | ||||||
| Result from revaluation of companies | (45) | 0 | 0 | ||||||
| Result from sale of companies | (335) | 0 | 0 | ||||||
| Other insurance income | 0 | (5) | 0 | ||||||
| Changes in assets and liabilities: | |||||||||
| Trade receivables | (359) | (808) | (178) | ||||||
| Other receivables | (430) | (540) | (178) | ||||||
| Inventories | 94 | 127 | 44 | ||||||
| Accounts payable | (280) | 702 | 736 | ||||||
| Taxes payable | 15 | 141 | 74 | ||||||
| Salaries and social security | (3) | 279 | 231 | ||||||
| Other liabilities | (392) | 219 | 66 | ||||||
| Decrease in provisions due to payment/use | (166) | (171) | (491) | ||||||
| Contract assets | 18 | (23) | (12) | ||||||
| Contract liabilities | 84 | 88 | 25 | ||||||
| Dividends received | 224 | 174 | 276 | ||||||
| Proceeds from collection of profit loss insurance | 5 | 0 | 0 | ||||||
| Income tax payments | (133) | (26) | (10) | ||||||
| Net cash flows from operating activities | [1],[2] | 4,959 | 5,869 | 5,913 | |||||
| Investing activities: | |||||||||
| Acquisition of property, plant and equipment and intangible assets | [3] | (5,077) | (5,392) | (5,673) | |||||
| Additions of assets held for sale | [3] | (46) | (269) | 0 | |||||
| Contributions and acquisitions of interests in associates and joint ventures | [3] | (85) | 0 | (5) | |||||
| Acquisitions from business combinations net of cash and cash equivalents | [3] | (767) | 0 | 0 | |||||
| Proceeds from sales of financial assets | [3] | 221 | 229 | 583 | |||||
| Payments from purchase of financial assets | [3] | (74) | (255) | (337) | |||||
| Interests received from financial assets | [3] | 4 | 34 | 85 | |||||
| Proceeds from concessions, assignment agreements and sale of assets | [3] | 297 | 142 | 15 | |||||
| Net cash flows used in investing activities | [3] | (5,527) | (5,511) | (5,332) | |||||
| Financing activities: | |||||||||
| Payments of loans | [3] | (2,871) | (2,102) | (1,396) | |||||
| Payments of interests | [3] | (670) | (707) | (623) | |||||
| Proceeds from loans | [3] | 4,481 | 2,967 | 2,667 | |||||
| Account overdrafts, net | [3] | 4 | (48) | (3) | |||||
| Repurchase of treasury shares | [3] | (10) | 0 | 0 | |||||
| Payments of leases | [3] | (406) | (400) | (359) | |||||
| Payments of interests in relation to income tax | [3] | (11) | (3) | (8) | |||||
| Net cash flows from / (used in) financing activities | [3] | 517 | (293) | 278 | |||||
| Effect of changes in exchange rates on cash and cash equivalents | (134) | (70) | (509) | ||||||
| (Decrease) / Increase in cash and cash equivalents | (185) | (5) | 350 | ||||||
| Cash and cash equivalents at the beginning of the fiscal year | 1,118 | 1,123 | 773 | ||||||
| Cash and cash equivalents at the end of the fiscal year | $ 933 | $ 1,118 | $ 1,123 | ||||||
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Consolidated statements of financial position - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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|---|---|---|---|---|---|---|---|---|
| Non-current assets | ||||||||
| Intangible assets | $ 1,068 | $ 491 | $ 367 | |||||
| Property, plant and equipment | 19,085 | 18,736 | 17,712 | |||||
| Right-of-use assets | 537 | 743 | 631 | |||||
| Investments in associates and joint ventures | 1,610 | 1,960 | 1,676 | |||||
| Deferred income tax assets, net | 9 | 330 | 18 | |||||
| Other receivables | 648 | 337 | 158 | |||||
| Trade receivables | 5 | 1 | 31 | |||||
| Investments in financial assets | 0 | 0 | 8 | |||||
| Total non-current assets | 22,962 | 22,598 | 20,601 | |||||
| Current assets | ||||||||
| Assets held for sale | 1,019 | 1,537 | 0 | |||||
| Inventories | [1] | 1,447 | 1,546 | 1,683 | ||||
| Contract assets | 3 | 30 | 10 | |||||
| Other receivables | 1,159 | 552 | 381 | |||||
| Trade receivables | 1,654 | 1,620 | 973 | |||||
| Investments in financial assets | 262 | 390 | 264 | |||||
| Cash and cash equivalents | 933 | 1,118 | 1,123 | |||||
| Total current assets | 6,477 | 6,793 | 4,434 | |||||
| TOTAL ASSETS | 29,439 | 29,391 | 25,035 | |||||
| SHAREHOLDERS' EQUITY | ||||||||
| Capital | 3,921 | 3,922 | 3,919 | |||||
| Treasury shares | 12 | 11 | 14 | |||||
| Share-based benefit plans | 7 | 3 | 1 | |||||
| Acquisition cost of treasury shares | (35) | (28) | (30) | |||||
| Share trading premiums | (44) | (42) | (40) | |||||
| Issuance premiums | 640 | 640 | 640 | |||||
| Legal reserve | 787 | 787 | 787 | |||||
| Reserve for future dividends | 0 | 0 | 226 | |||||
| Reserve for investments | 6,587 | 4,236 | 5,325 | |||||
| Reserve for purchase of treasury shares | 33 | 36 | 35 | |||||
| Other comprehensive income | (338) | (331) | (684) | |||||
| Unappropriated retained earnings and losses | (756) | 2,418 | (1,244) | |||||
| Shareholders' equity attributable to shareholders of the parent company | 10,814 | 11,652 | 8,949 | |||||
| Non-controlling interest | 230 | 218 | 102 | |||||
| TOTAL SHAREHOLDERS' EQUITY | 11,044 | 11,870 | 9,051 | |||||
| Non-current liabilities | ||||||||
| Provisions | 610 | 1,084 | 2,660 | |||||
| Contract liabilities | 180 | 114 | 34 | |||||
| Deferred income tax liabilities, net | 373 | 90 | 1,242 | |||||
| Income tax liability | 830 | [2] | 2 | 4 | ||||
| Taxes payable | 18 | 0 | 0 | |||||
| Salaries and social security | 63 | 34 | 0 | |||||
| Lease liabilities | 273 | 406 | 325 | |||||
| Loans | 8,226 | 7,035 | 6,682 | |||||
| Other liabilities | 373 | 74 | 112 | |||||
| Accounts payable | 6 | 6 | 5 | |||||
| Total non-current liabilities | 10,952 | 8,845 | 11,064 | |||||
| Current liabilities | ||||||||
| Liabilities directly associated with assets held for sale | 1,181 | 2,136 | 0 | |||||
| Provisions | 229 | 116 | 181 | |||||
| Contract liabilities | 117 | 73 | 69 | |||||
| Income tax liability | 73 | 126 | 31 | |||||
| Taxes payable | 217 | 247 | 139 | |||||
| Salaries and social security | 336 | 412 | 210 | |||||
| Lease liabilities | 298 | 370 | 341 | |||||
| Loans | 2,355 | 1,907 | 1,508 | |||||
| Other liabilities | 399 | 410 | 122 | |||||
| Accounts payable | 2,238 | 2,879 | 2,319 | |||||
| Total current liabilities | 7,443 | 8,676 | 4,920 | |||||
| TOTAL LIABILITIES | 18,395 | 17,521 | 15,984 | |||||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 29,439 | $ 29,391 | $ 25,035 | |||||
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