Stock Analysis on Net

Anadarko Petroleum Corp. (NYSE:APC)

This company has been moved to the archive! The financial data has not been updated since October 31, 2017.

Cash Flow Statement 
Quarterly Data

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.

Anadarko Petroleum Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012
Net income (loss) (641) (334) (275) (452) (747) (611) (998) (1,524) (2,160) 108 (3,236) (350) 1,147 266 (2,626) (725) 223 959 484 190 142 (70) 2,183
Depreciation, depletion, and amortization 1,083 1,037 1,115 1,099 1,069 984 1,149 1,022 1,111 1,214 1,256 1,215 1,163 1,048 1,124 969 996 940 1,022 1,028 979 1,027 930
Deferred income taxes (854) 488 (660) (117) (301) (407) (413) (525) (1,440) 11 (1,198) 105 (398) 142 46 (445) (28) 401 162 69 (48) (67) 210
Dry hole expense and impairments of unproved properties 678 454 1,012 313 255 10 35 274 953 31 1,009 502 134 411 198 441 160 86 177 155 202 1,038 149
Impairments 10 373 166 27 18 16 1,504 758 30 2,783 322 394 117 3 162 593 10 29 223 4 112 50
(Gains) losses on divestitures, net 194 (205) (804) 241 414 104 (2) 19 578 91 334 303 (726) (9) (1,459) 635 (8) (13) (144) 48 (6) 12 17
Loss on early extinguishment of debt 2 31 124
Total (gains) losses on derivatives, net 82 32 (147) (342) 24 311 299 (223) 281 (310) 152 (255) (324) 325 461 4 64 (659) 199 (162) 456 225 (142)
Operating portion of net cash received (paid) in settlement of derivative instruments 16 13 (8) 38 64 60 105 84 79 81 91 509 48 (88) (98) 48 (28) 18 47
Other 68 74 83 86 53 88 115 101 145 29 45 132 87 54 54 72 53 77 44 58 54 74 46
Tronox-related contingent liability (5,210) 22 19 19 4,300 850 (525) 275
(Increase) decrease in accounts receivable (39) (61) 68 (133) (112) 876 46 (25) 128 (462) 357 (1) 287 83 (266) (257) 21 465 490 503 566 491 (1,831)
Increase (decrease) in accounts payable and other current liabilities 183 (673) 395 164 (116) (314) (403) (422) (375) 81 (279) (706) 690 176 (63) 182 (256) 347 (125) 9 1 (234) (228)
Other items, net (131) 20 (29) 29 155 (14) (86) (28) 1,069 339 (608) 154 (198) (82) 55 168 (11) (129) 118 99 (121) (84) 232
Changes in assets and liabilities 13 (714) 434 60 (73) 548 (443) (475) 822 (42) (5,740) (531) 798 196 4,026 943 (246) 683 483 611 446 (352) (1,552)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 1,280 1,191 1,398 1,575 1,532 1,840 861 1,781 3,287 1,135 (1,268) 2,302 1,176 2,196 4,355 2,829 1,556 1,543 2,019 2,030 2,087 2,069 (292)
Net cash provided by (used in) operating activities 639 857 1,123 1,123 785 1,229 (137) 257 1,127 1,243 (4,504) 1,952 2,323 2,462 1,729 2,104 1,779 2,502 2,503 2,220 2,229 1,999 1,891
Additions to properties and equipment (1,242) (1,102) (1,194) (887) (739) (857) (1,022) (1,206) (1,360) (1,544) (1,957) (2,219) (2,189) (2,599) (2,501) (2,394) (1,796) (1,821) (1,710) (1,794) (1,895) (1,850) (1,703)
Divestitures of properties and equipment and other assets 20 609 2,851 1,075 381 865 35 167 548 678 22 198 1,484 29 3,257 116 33 57 361 217 182 211 47
Other, net (20) (13) 65 (1,694) 67 14 (36) (99) 6 10 (1,556) (90) (112) (174) (37) (549) (208) (268) (96) (76) (70) (42)
Net cash (used in) provided by investing activities (1,242) (506) 1,722 (1,506) (291) 8 (973) (1,075) (911) (860) (1,925) (3,577) (795) (2,682) 582 (2,315) (2,312) (1,972) (1,617) (1,673) (1,789) (1,709) (1,698)
Borrowings, net of issuance costs 90 159 202 565 593 4,682 (178) 23 204 4,583 509 1,293 159 918 115 348 110 385 157 (1) 567 319
Repayments of debt (11) (21) (10) (809) (598) (3,817) (1,608) (9) (167) (1,027) (2,830) (170) (325) (930) (215) (250) (245) (1,039) (700) (1,134) (171)
Financing portion of net cash received (paid) for derivative instruments (35) (88) (37) 306 88 (172) (555) 9 33 69 (146) (222)
Increase (decrease) in outstanding checks (26) (60) 28 23 33 (9) (150) 80 6 (70) (39) (72) (44) 81 97 (76) (82) 59 86 (81) 51 (20) (19)
Dividends paid (28) (28) (28) (27) (27) (26) (25) (138) (138) (138) (139) (137) (138) (138) (92) (92) (90) (46) (46) (45) (45) (46) (45)
Repurchase of common stock (16) (21) (6) (1) (1) (30) (17) (1) (1) (36) (9) (1) (35) (24) (3) (27) (11) (3) (1) (22)
Issuance of common stock 2,158 30 13 2 7 12 4 44 60 13 23 28 77 18 35 30 3 35
Sale of subsidiary units 723 440 156 31 592 342 74 18 306 3 416 (1) 411 212
Issuance of tangible equity units, equity component 348
Distributions to noncontrolling interest owners (113) (109) (105) (102) (101) (81) (78) (74) (73) (68) (67) (59) (55) (51) (51) (45) (43) (35) (33) (31) (29) (27) (25)
Contributions from noncontrolling interest owners 1 1 2 3 6 5
Proceeds from conveyance of future hard minerals royalty revenues, net of transaction costs 413
Payments of future hard minerals royalty revenues conveyed (25) (25) (25)
Other financing activities (7) (11)
Net cash provided by (used in) financing activities (155) (174) (198) (413) 2,092 (2,790) 3,119 (314) (315) (520) 1,369 658 1,441 (362) (62) (8) (85) 333 383 (602) (694) (440) 77
Effect of exchange rate changes on cash 1 (1) (1) (2) 2 (1) 1 1 23 (23) (22) (24) (17) (5) (6) (8) (13) (10)
Net increase (decrease) in cash and cash equivalents (757) 177 2,647 (796) 2,586 (1,553) 2,008 (1,133) (101) (135) (5,061) (966) 2,970 (559) 2,226 (241) (642) 846 1,264 (61) (262) (163) 260

Based on: 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).


The financial data over the examined periods reveals several notable trends and fluctuations across various categories.

Net Income (Loss)
The net income figures exhibit significant volatility, with positive values concentrated largely in 2012 and early 2013, followed by intermittent losses and gains. Notably, there are pronounced losses reported from late 2013 through 2017, with the lowest point occurring in the early quarters of 2015. Despite occasional recoveries, the overall pattern indicates financial challenges during the latter periods.
Depreciation, Depletion, and Amortization
This expense remained relatively consistent, generally ranging between 900 and 1250 million US dollars per quarter. The amounts peaked slightly in 2014 and early 2015, then showed a mild declining trend through 2016, signaling steady asset consumption and capital expenditure realization consistent with industry norms.
Deferred Income Taxes
The deferred income taxes fluctuate considerably, with sizeable positive and negative adjustments. Starting with moderate positive values in 2012 and early 2013, sharp negative entries appear in late 2013 and throughout 2015, indicating potential tax asset adjustments or valuation allowances during those periods.
Dry Hole Expense and Impairments of Unproved Properties
This category features considerable spikes at irregular intervals, with unusually high expenses in quarters like the second quarter of 2012 and the first quarter of 2015. These expenses suggest episodic exploration write-offs or impairments impacting profitability.
Impairments
Impairments have notable sharp elevations primarily in 2014 and 2015, with a peak in early 2015 consistent with the overall challenging environment evident in other line items. This points to significant write-downs on assets during this period, likely reflecting declining asset values or strategic revaluation.
Gains and Losses on Divestitures
The gains and losses from asset sales show marked variability, with large positive values in late 2013 and early 2014, especially the substantial gain in the first quarter of 2014. This suggests strategic divestments generating material cash inflows that may have temporarily supported liquidity.
Derivatives, Net (Total Gains and Losses and Operating Portion)
Derivative-related activity reflects notable volatility, with alternating gains and losses. The total gains/losses vary widely quarter-to-quarter without a consistent trend, indicating potentially significant exposure to commodity price fluctuations or hedging activities. Operating cash settlements related to derivatives generally align with these fluctuations.
Changes in Working Capital (Accounts Receivable and Payable, and Other Items)
Accounts receivable changes generally oscillate, with several quarters showing decreases implying collections, balanced by periods of increased receivables. Payables and other current liabilities also show irregular patterns, sometimes decreasing and other times increasing substantially, indicative of fluctuating payment cycles and operational adjustments. Overall, asset and liability changes are volatile, contributing to cash flow variability.
Net Cash Provided by Operating Activities
Operating cash flow remains positive for most quarters but declines sharply towards the end of 2014 and 2015, reflecting operational pressures and impairments seen in other metrics. The lowest values occur during the negative net income quarters, consistent with broader profitability challenges.
Capital Expenditures and Divestitures
Additions to properties and equipment indicate a generally decreasing trend from 2012 through 2017, suggesting reduced capital spending over time. Divestitures spike significantly in early 2014 and again towards 2017, indicating periods of asset sales likely aimed at generating liquidity or restructuring the asset base.
Net Cash Used in Investing Activities
Investing activity cash flows show fluctuations, including strong outflows associated with capital expenditures tempered occasionally by inflows from divestitures. Some quarters show positive net investing cash flow, notably in early 2014 and 2017, driven by large divestitures.
Financing Activities
Financing cash flows also demonstrate variability with several quarters showing notable borrowings offset by debt repayments. Borrowing activity peaks in early 2014 and mid-2016 to early 2017, likely financing strategic initiatives or offsetting operational cash shortfalls. Debt repayments remain consistent, with large repayments in some quarters of 2014 and 2015. Share repurchases and dividend payments persist throughout most periods but at relatively moderate levels compared to other cash flows.
Net Cash Increase/Decrease
Overall cash levels reflect the combined impact of operating, investing, and financing activities, with large increases in cash notably in early 2014 and 2017. Conversely, significant decreases appear in 2015 and late 2016, consistent with periods of negative income and heavy impairments, illustrating fluctuating liquidity conditions.