Ecopetrol S.A. ADR (EC)
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Fiscal Year End Date: 12/31
| 12-2011 | 09-2011 | 06-2011 | 03-2011 | 12-2010 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 8,498,780 | 6,278,300 | 3,842,500 | 1,679,570 | 4,317,620 |
| Depreciation Amortization | 3,217,040 | 2,609,970 | 1,785,910 | 786,450 | 2,304,490 |
| Other Working Capital | 1,149,000 | 616,960 | 468,710 | 800,030 | 739,440 |
| Other Operating Activity | -216,850 | -78,640 | -95,250 | 2,100 | 247,550 |
| Operating Cash Flow | $12,647,970 | $9,426,590 | $6,001,870 | $3,268,150 | $7,609,100 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -8,437,830 | -4,118,410 | -2,382,370 | -1,670,350 | -5,467,060 |
| Net Acquisitions | -477,920 | -495,300 | -455,360 | -439,090 | -616,450 |
| Other Investing Activity | -647,440 | -2,991,150 | -1,831,450 | -482,190 | -652,220 |
| Investing Cash Flow | $-9,563,190 | $-7,604,860 | $-4,669,180 | $-2,591,630 | $-6,735,730 |
| Cash Flows From Financing Activities | |||||
| Dividend Paid | -3,243,280 | -2,231,950 | -1,075,900 | 33,420 | -2,008,600 |
| Other Financing Activity | 1,730,880 | 719,060 | 432,400 | 359,050 | 1,222,500 |
| Financing Cash Flow | $-1,512,400 | $-1,512,890 | $-643,500 | $392,470 | $-786,100 |
| Beginning Cash Position | 2,049,720 | 2,124,260 | 2,086,990 | 2,012,460 | 1,887,920 |
| End Cash Position | 3,622,090 | 2,433,080 | 2,776,180 | 3,081,450 | 1,975,190 |
| Net Cash Flow | $1,572,360 | $308,820 | $689,180 | $1,068,990 | $87,260 |
| Free Cash Flow | |||||
| Operating Cash Flow | 12,647,970 | 9,426,590 | 6,001,870 | 3,268,150 | 7,609,100 |
| Free Cash Flow | 12,647,970 | 9,426,590 | 6,001,870 | 3,268,150 | 7,609,100 |