Petroleo Brasileiro S.A. Petrobras ADR (PBR)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-1999 | 12-1998 | |
| Cash Flows From Operating Activities | ||
| Net Income | 981,910 | 1,149,970 |
| Depreciation Amortization | 1,989,230 | 1,556,220 |
| Other Working Capital | 2,752,070 | 2,197,520 |
| Other Operating Activity | -145,950 | 992,300 |
| Operating Cash Flow | $5,577,260 | $5,896,010 |
| Cash Flows From Investing Activities | ||
| Other Investing Activity | -3,873,530 | -4,847,330 |
| Investing Cash Flow | $-3,873,530 | $-4,847,330 |
| Cash Flows From Financing Activities | ||
| Dividend Paid | -362,270 | -326,370 |
| Other Financing Activity | 1,124,330 | -420,830 |
| Financing Cash Flow | $762,060 | $-747,200 |
| Beginning Cash Position | 549,120 | 512,070 |
| End Cash Position | 3,014,920 | 813,550 |
| Net Cash Flow | $2,465,790 | $301,470 |
| Free Cash Flow | ||
| Operating Cash Flow | 5,577,260 | 5,896,010 |
| Free Cash Flow | 5,577,260 | 5,896,010 |