Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 78

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 78
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 dollars2024 2023 2022 Cash flows from (used in):   Operating activities5,981 3,734 10,482 Investing activities(1,825)(1,694)(618)Financing activities(4,041)(4,925)(8,268)Increase (decrease) in cash and cash equivalents115 (2,885)1,596 Cash and cash equivalents at end of year979 864 3,749 

Cash flows from operating activities 

2024 

Cash flows from operating activities primarily reflect lower unfavourable working capital impacts mainly related to an income tax catch-up payment of $2.1 billion in the prior year.

2023

Cash flows from operating activities primarily reflect unfavourable working capital impacts, including an income tax catch-up payment of $2.1 billion, as well as lower Upstream realizations and Downstream margins.

Cash flows used in investing activities 

2024 Cash flows used in investing activities primarily reflect higher additions to property, plant and equipment.

2023

Cash flows used in investing activities primarily reflect the absence of proceeds from the sale of interests in XTO Energy Canada, and higher additions to property, plant and equipment.

61

Cash flows used in financing activities 

2024 

At the end of 2024, total debt outstanding was $4,011 million, compared with $4,132 million at the end of 2023.

In June 2024, the company extended the maturity date of its existing long-term, variable-rate, Canadian dollar loan from ExxonMobil to June 30, 2035. All other terms and conditions remain unchanged.

During the fourth quarter of 2024, the company extended the maturity dates of its two existing $250 million committed lines of credit to November 2025 and November 2026, respectively.

The company has not drawn on any of its outstanding $500 million of available credit facilities.  

2023

At the end of 2023, total debt outstanding was $4,132 million, compared with $4,155 million at the end of 2022.

During the fourth quarter of 2023, the company extended the maturity dates of its two existing $250 million committed lines of credit to November 2024 and November 2025, respectively. 

The company has not drawn on any of its outstanding $500 million of available credit facilities. 

Share repurchases

millions of Canadian dollars, unless noted2024