Chevron Corp. (CVX)

Statement of Cash Flows

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s statement of financial position.

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 Statement of Cash Flows

US$ in millions

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Net income (loss)
	Depreciation, depletion and amortization
	Dry hole expense
	Distributions less than income from equity affiliates
	Net before-tax gains on asset retirements and sales
	Net foreign currency effects
	Deferred income tax provision
	(Increase) decrease in accounts and notes receivable
	(Increase) decrease in inventories
	(Increase) decrease in prepaid expenses and other current assets
	Increase (decrease) in accounts payable and accrued liabilities
	Increase (decrease) in income and other taxes payable
	Net (increase) decrease in operating working capital
	(Increase) decrease in long-term receivables
	(Increase) decrease in other deferred charges
	Cash contributions to employee pension plans
	Other
	Adjustments
	Net cash provided by operating activities
	Capital expenditures
	Proceeds and deposits related to asset sales and returns of investment
	Net (investments in) maturities of time deposits
	Net (purchases) sales of marketable securities
	Net (borrowing) repayment of loans by equity affiliates
	Net (purchases) sales of other short-term investments
	Net cash used for investing activities
	Net borrowings (repayments) of short-term obligations
	Proceeds from issuances of long-term debt
	Repayments of long-term debt and other financing obligations
	Cash dividends, common stock
	Distributions to noncontrolling interests
	Net (purchases) sales of treasury shares
	Net cash provided by (used for) financing activities
	Effect of exchange rate changes on cash, cash equivalents and restricted cash
	Net change in cash, cash equivalents and restricted cash
	Cash, cash equivalents and restricted cash at January 1
	Cash, cash equivalents and restricted cash at December 31

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-20).

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.’s net cash provided by operating activities increased from 2016 to 2017 and from 2017 to 2018.
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.’s net cash used for investing activities increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
Net cash provided by (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.’s net cash provided by (used for) financing activities declined from 2016 to 2017 but then slightly increased from 2017 to 2018.

	Chevron Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality