Stock Analysis on Net
Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s 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’s 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 (quarterly data)

US$ in millions

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3 months ended: Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 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
Net income (loss) (209) (8,277) 3,581  (6,667) 2,580  4,290  2,642  3,723  4,056  3,422  3,659  3,118  1,986  1,466  2,699  438  1,301  (1,463) (707) (555) 2,057  608  2,600 
Depreciation, depletion and amortization 4,017  6,717  4,288  16,429  4,361  4,334  4,094  5,252  5,380  4,498  4,289  4,735  5,109  5,311  4,194  4,203  4,130  6,721  4,403  5,400  4,268  6,958  4,411 
Dry hole expense 795  50  35  14  37  86  91  490  61  45  58  121  12  17  138  72  262  1,044  105  812  348 
Distributions more (less) than income from equity affiliates (29) 2,917  (639) (176) (610) (774) (513) (1,054) (727) (801) (998) (92) (686) (784) (652) (519) (222) (267) (219) (184) (393) 1,025  (1,208)
Net before-tax (gains) losses on asset retirements and sales (27) (372) (226) (1,261) (9) (177) 80  (59) (508) (40) (12) (56) (1,083) (292) (764) (277) (211) (634) (27) (111) (59) (2,407) (638)
Net foreign currency effects 209  384  (403) 218  (26) (61) 141  (207) 305  (38) 63  (14) (98) 112  131  (135) 19  90  212  (48) (135) 188  (87)
Deferred income tax provision (633) (2,605) 58  (2,952) 592  321  73  244  296  127  383  (2,739) 782  (683) (563) (696) (899) (1,151) (1,089) (1,383) 249  194  (921)
Net (increase) decrease in operating working capital 352  723  (1,096) 368  1,405  931  (1,210) 1,164  405  (183) (2,104) 1,171  503  (241) (957) 716  825  (1,098) (993) 342  (296) (40) (1,985)
(Increase) decrease in long-term receivables 35  (190) 239  76  193  167  66  55  97  138  128  169  (613) 56  20  (50) (48) 35  (68) 33  (3) (66) (23)
Net (increase) decrease in other deferred charges (36) (66) (43) 75  (46) (36) (62) 60  (32) (16) (12) (142) (34) (32) 205  (22) 49  (67) 50  15  27 
Cash contributions to employee pension plans (364) (318) (213) (158) (476) (402) (326) (94) (410) (382) (149) (155) (611) (44) (170) (173) (146) (90) (461) (149) (333) (301) (85)
Other 219  372  (874) (330) (161) 153  (14) (24) 217  69  (249) 177  (6) 114  (34) 134  446  267  (175) 235  (150) 234  (120)
Adjustments 3,746  8,357  1,141  12,324  5,237  4,493  2,415  5,428  5,513  3,433  1,384  3,112  3,384  3,570  1,180  3,425  4,010  3,994  1,848  5,112  3,303  6,612  (281)
Net cash provided by operating activities 3,537  80  4,722  5,657  7,817  8,783  5,057  9,151  9,569  6,855  5,043  6,230  5,370  5,036  3,879  3,863  5,311  2,531  1,141  4,557  5,360  7,220  2,319 
Capital expenditures (1,630) (2,092) (3,133) (4,210) (3,369) (3,584) (2,953) (3,991) (3,578) (3,226) (2,997) (3,641) (3,224) (3,224) (3,315) (4,009) (4,065) (4,469) (5,566) (7,449) (6,810) (7,643) (7,602)
Proceeds and deposits related to asset sales and returns of investment 127  1,478  374  1,863  151  643  294  276  1,327  678  111  391  2,333  436  2,087  568  839  1,288  82  331  531  3,929  948 
Net (investments in) maturities of time deposits —  —  —  —  —  —  950  (950) —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Net (purchases) sales of marketable securities 36  (1) —  —  —  —  —  (2) (20) (29) —  (2) 295  —  —  —  58  64  — 
Net (borrowing) repayment of loans by equity affiliates (360) (675) (399) (275) (350) (299) (321) 33  26  26  26  20  (20) (10) (6) 161  (2,037) (66) (92) (70) (51) (56) (40)
Net (purchases) sales of other short-term investments —  —  —  —  —  —  —  —  —  —  —  (13) (5) (7) (7) 62  —  88  67  (20) (7) (9) 80 
Net cash used for investing activities (1,827) (1,290) (3,158) (2,622) (3,568) (3,240) (2,028) (4,632) (2,227) (2,542) (2,889) (3,239) (916) (2,807) (1,239) (2,923) (5,263) (3,157) (5,509) (7,208) (6,279) (3,715) (6,606)
Net borrowings (repayments) of short-term obligations (3,177) (5,596) 8,167  (4,794) 2,162  (1,125) 936  (178) (2,502) 1,487  3,214  2,043  (880) (2,377) (3,928) 1,261  510  (3,443) 3,802  (2,384) 3,969  (2,037) 117 
Proceeds from issuance of long-term debt 3,987  8,250  —  —  —  —  —  72  72  73  —  —  (3) 3,994  —  (2) 6,926  —  5,102  —  (4) 5,993 
Repayments of long-term debt and other financing obligations (121) (1,011) (2,809) (1,157) (5) (1,357) (2,506) (1,514) (14) (2,882) (2,331) (5,282) (30) (32) (966) (772) (32) (766) (14) (10) (7) (7) (8)
Cash dividends, common stock (2,390) (2,394) (2,402) (2,228) (2,237) (2,250) (2,244) (2,120) (2,129) (2,129) (2,124) (2,039) (2,032) (2,032) (2,029) (2,025) (2,005) (2,002) (2,000) (1,999) (1,999) (1,997) (1,997)
Distributions to noncontrolling interests —  (5) (5) (2) (8) (2) (6) (4) (32) (44) (11) (12) (25) (41) —  (6) (33) (24) —  (6) (96) (26) — 
Net (purchases) sales of treasury shares 23  (1,573) (1,090) (1,005) (825) (15) (941) (671) 442  566  468  370  34  245  291  97  139  123  53  20  83  55 
Net cash provided by (used for) financing activities (1,696) (733) 1,378  (9,271) (1,093) (5,559) (3,835) (4,756) (5,276) (3,054) (613) (4,822) (2,597) (4,451) (2,684) (1,251) (1,465) 830  1,911  756  1,887  (3,988) 4,160 
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) 32  (163) 327  (27) 12  20  (23) (23) (78) 33  22  39  (52) (2) (3) (16) (191) (36) 17 
Net change in cash, cash equivalents and restricted cash 12  (1,911) 2,779  (5,909) 3,129  (4) (786) (260) 2,043  1,181  1,574  (1,828) 1,879  (2,221) (5) (363) (1,413) 202  (2,460) (1,911) 777  (519) (110)

Based on: 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-07).

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.’s net cash provided by operating activities decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 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 Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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 decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.