Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

LyondellBasell Industries N.V., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net income	4,690)	4,877)	3,837)	4,474)	4,168)
Depreciation and amortization	1,241)	1,174)	1,064)	1,047)	1,019)
Amortization of debt-related costs	14)	15)	16)	16)	20)
Charges related to repayment of debt	—)	49)	—)	—)	—)
Share-based compensation	39)	55)	38)	53)	—)
Inventory valuation adjustment	—)	—)	29)	548)	760)
Equity investments, equity income	(289)	(321)	(367)	(339)	(257)
Equity investments, distribution of earnings, net of tax	307)	309)	385)	285)	156)
Deferred income taxes	260)	(587)	357)	181)	177)
Gain on sales of business and equity investments	(36)	(108)	(84)	—)	—)
Accounts receivable	433)	(521)	(383)	780)	358)
Inventories	(141)	(237)	123)	(240)	(205)
Accounts payable	(199)	165)	383)	(786)	(378)
Changes in assets and liabilities that provided (used) cash	93)	(593)	123)	(246)	(225)
Other, net	(848)	336)	208)	(177)	230)
Adjustments to reconcile net income to net cash provided by operating activities	781)	329)	1,769)	1,368)	1,880)
Net cash provided by operating activities	5,471)	5,206)	5,606)	5,842)	6,048)
Expenditures for property, plant and equipment	(2,105)	(1,547)	(2,243)	(1,440)	(1,499)
Acquisition of A. Schulman, net of cash acquired	(1,776)	—)	—)	—)	—)
Payments for repurchase agreements	—)	(512)	(674)	(397)	(425)
Proceeds from repurchase agreements	—)	381)	685)	350)	75)
Purchases of available-for-sale debt securities	(50)	(653)	(688)	(2,073)	(3,439)
Proceeds from sales and maturities of available-for-sale debt securities	423)	499)	674)	2,489)	1,751)
Purchases of held-to-maturity securities	—)	—)	(76)	—)	—)
Proceeds from maturities of held-to-maturity securities	—)	75)	—)	—)	—)
Purchases of equity securities	(64)	—)	—)	—)	—)
Proceeds from sales and maturities of equity securities	97)	—)	—)	—)	—)
Net proceeds from sales of business and equity investments	37)	155)	209)	—)	—)
Proceeds from settlement of net investment hedges	1,108)	609)	1,295)	—)	—)
Payments for settlement of net investment hedges	(1,078)	(658)	(1,356)	—)	—)
Change in restricted cash	—)	—)	4)	(5)	8)
Other, net	(151)	(105)	(127)	25)	(2)
Net cash used in investing activities	(3,559)	(1,756)	(2,297)	(1,051)	(3,531)
Repurchases of Company ordinary shares	(1,854)	(866)	(2,938)	(4,656)	(5,788)
Dividends paid, common stock	(1,554)	(1,415)	(1,395)	(1,410)	(1,403)
Issuance of long-term debt	—)	990)	812)	984)	992)
Repayment of long-term debt	(394)	(1,000)	—)	—)	—)
Debt extinguishment costs	—)	(65)	—)	—)	—)
Payments of debt issuance costs	—)	(8)	(5)	(16)	(18)
Net proceeds from (repayments of) commercial paper	810)	(493)	177)	61)	262)
Other, net	(16)	(2)	—)	187)	48)
Net cash used in financing activities	(3,008)	(2,859)	(3,349)	(4,850)	(5,907)
Effect of exchange rate changes on cash	(31)	59)	(9)	(48)	(29)
Increase (decrease) in cash and cash equivalents and restricted cash	(1,127)	650)	(49)	(107)	(3,419)
Cash and cash equivalents and restricted cash at beginning of period	1,528)	878)	924)	1,031)	4,450)
Cash and cash equivalents and restricted cash at end of period	401)	1,528)	875)	924)	1,031)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	LyondellBasell Industries N.V. net cash provided by operating activities decreased from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	LyondellBasell Industries N.V. net cash used in investing activities increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	LyondellBasell Industries N.V. net cash used in financing activities increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.

LyondellBasell Industries N.V. (NYSE:LYB)

Cash Flow Statement