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

USD $ in millions

	12 months ended	Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014		Dec 31, 2013
	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
	Additions to properties, plant and equipment
	Additions to investments
	Current-year dry hole expenditures
	Payments for other liabilities and assets, net
	Capital expenditures
	Proceeds and deposits related to asset sales
	Investments in time deposits
	Maturities of time deposits
	Net maturities of time deposits
	Marketable securities purchased
	Marketable securities sold
	Net (purchases) sales of marketable securities
	Borrowing of loans by equity affiliates
	Repayment of loans by equity affiliates
	Net (borrowing) repayment of loans by equity affiliates
	Purchases of other short-term investments
	Sales of other short-term investments
	Net (purchases) sales of other short-term investments
	Net cash used for investing activities
	Proceeds from issuances of short-term obligations
	Repayments of short-term obligations
	Net borrowings (repayments) of short-term obligations with three months or less maturity
	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 and cash equivalents
	Net change in cash and cash equivalents
	Cash and cash equivalents at January 1
	Cash and cash equivalents at December 31

Based on: 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), 10-K (filing date: 2014-02-21).

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 declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
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 2015 to 2016 and from 2016 to 2017.
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 2015 to 2016 and from 2016 to 2017.

	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