Generated and distributed value matrix
Based on the cash flows generated in 2019, the value matrix generated and distributed by stakeholders is as follows:
| Stakeholder | Concept | Million Euros |
| Customers | Casings, energy sales and other income | 848 |
| Economic value generated | | 848 |
| Stakeholder | Concept | Million Euros |
| Suppliers | Raw Materials and services | -448 |
| Suppliers | Capex | -61 |
| Employees | Personnel expenses and others | -180 |
| Society | Direct taxes | -55 |
| Shareholders | Dividends payment | -74 |
| Market | Companies acquisitions | -2 |
| Banks | Bank debt and financial expenses | -8 |
| Economic value distributed | | -828 |
| | | |
| Cash increase (+) or decrease (-) | 20 |
Note: The calculation was made following the cash approach
