CASH FLOW STATEMENTS

Net cash 2020  2019  2018  2017  2016 

generated from 1,101,184  2,926,640  (3,665,017)  1,551,020  8,502,728 
operating
activities 

5.1-Net Cash flow from operating activities 

• The net cash generated from the operating activities, tremendously decreased in 2017 and then
the fall went to negative in 2018, however it revived again in 2019 but can be seen dropping in
2020.
• This change is due to the decreasing income that is being generated in the form of cash by Shell. 
5.2-Net cash flow from investing activities
Net cash used 2020  2019  2018  2017  2016 
in investing
activities  (2,302,032)  (1,851,760)  (2,105,862)  (1,188,650)  (1,415,822) 

• The net cash being used in the investing activities increases from
2016 to 2019 but then fell again in 2019 but the rise was again seen in
2020, and this was the highest amount of net cash used in the
investing activities in all the five years. 
5.3-Net cash flow from financing activities
Net cash 2020  2019  2018  2017  2016 
generated 3,428,011  (830,112)  (2,505,550)  (4,153,911)  (1,176,570) 
(used) in
financing
activities 

• The cash was being used in the financing activities in the four years
i.e., 2016 to 2019. But then in 2020 the cash was from generated
from the financing activities of the firm. And in 2020 this was due to
the inflow of the long-term loan in the firm worth 4,000,000,000. 
5.4-Cash inflow and outflow
Cash inflow 2020  2019  2018  2017  2016 
(outflow) 
(3,607,634)  (5,834,797)  (6,079,565)  2,196,864  5,988,405 

• The cash inflow was present in 2016 and 2017, but then in the following years there were no
cash inflows instead there were cash outflows, and the outflow decreased from 2018 to 2019
from 6,069,565,000 to 3,607,634,000. 
• This is due to the increasing use of cash in the investing activities and the fall in the net cash
generated from the operating activities over the years. 
5.5-Free cashflow to sales
2020  2019  2018  2017  2016 
Op cash flow  1,101,184  2,926,640  (3,655,017)  1,551,020  8,502,728 
capital
expenditures  3,103,741  2,500,938  2,695,297  1,715,562  1,880,006 
FCF  -2,002,557  425,702  -6,350,314  -164,542  6,622,722 
FCF/sales  -0.010287176  0.001818922  -0.029645  -0.0008  0.03082447 

The FCF/sales ratio shows the free cash left after all the expenses are covered from
the sales for the firm. The free cash was available in 2016 and 2019. But for the rest
of the years there was no free cash available for the firm as the free cash flow to
the sales is in negative. This is because the capital expenditures were high than the
operating cash flows that’s why there was no free cash available.