Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

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.

Chevron Corp., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) 17,749 21,411 35,608 15,689 (5,561)
Depreciation, depletion and amortization 17,282 17,326 16,319 17,925 19,508
Dry hole expense 429 436 486 118 1,036
Distributions (less) more than income from equity affiliates (366) (885) (4,730) (1,998) 2,015
Net before-tax gains on asset retirements and sales (1,685) (138) (550) (1,021) (760)
Net foreign currency effects (629) 578 (412) (7) 619
Deferred income tax provision 1,240 298 2,124 700 (3,604)
(Increase) decrease in accounts and notes receivable (932) 1,187 (2,317) (7,548) 2,423
(Increase) decrease in inventories (574) (320) (930) (530) 284
(Increase) decrease in prepaid expenses and other current assets (16) (1,202) (226) 19 (87)
Increase (decrease) in accounts payable and accrued liabilities 2,569 (49) 2,750 5,475 (3,576)
Increase (decrease) in income and other taxes payable 164 (2,801) 2,848 1,223 (696)
Net (increase) decrease in operating working capital 1,211 (3,185) 2,125 (1,361) (1,652)
(Increase) decrease in long-term receivables 114 150 153 21 296
Net (increase) decrease in other deferred charges (1,225) (300) (212) (320) (248)
Cash contributions to employee pension plans (844) (1,120) (1,322) (1,751) (1,213)
Other (1,784) 1,038 13 1,192 141
Adjustments 13,743 14,198 13,994 13,498 16,138
Net cash provided by operating activities 31,492 35,609 49,602 29,187 10,577
Acquisition of businesses, net of cash received 55 (2,862) 373
Capital expenditures (16,448) (15,829) (11,974) (8,056) (8,922)
Proceeds and deposits related to asset sales and returns of investment 7,704 669 2,635 1,791 2,968
Net investments in time deposits (4)
Net (purchases) sales of marketable securities 45 175 117 (1) 35
Net (borrowing) repayment of loans by equity affiliates (233) (302) (24) 401 (1,419)
Net cash used for investing activities (8,936) (15,232) (12,108) (5,865) (6,965)
Net borrowings (repayments) of short-term obligations 4,868 135 263 (5,572) 651
Proceeds from issuances of long-term debt 478 150 12,308
Repayments of long-term debt and other financing obligations (1,778) (4,340) (8,742) (7,364) (5,489)
Cash dividends, common stock (11,801) (11,336) (10,968) (10,179) (9,651)
Net distributions to noncontrolling interests (195) (40) (114) (36) (24)
Net (purchases) sales of treasury shares (15,044) (14,678) (5,417) 38 (1,531)
Net cash used for financing activities (23,472) (30,109) (24,978) (23,113) (3,736)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (97) (114) (190) (151) (50)
Net change in cash, cash equivalents and restricted cash (1,013) (9,846) 12,326 58 (174)
Cash, cash equivalents and restricted cash at January 1 9,275 19,121 6,795 6,737 6,911
Cash, cash equivalents and restricted cash at December 31 8,262 9,275 19,121 6,795 6,737

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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. Chevron Corp. net cash provided by operating activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash used for 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. Chevron Corp. net cash used for investing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net cash used for 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. Chevron Corp. net cash used for financing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.