Stock Analysis on Net
Stock Analysis on Net
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ConocoPhillips (NYSE:COP)

This company was transferred to the archive: financial data is no longer updated!

Cash Flow Statement

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.

ConocoPhillips, consolidated cash flow statement

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income (loss) 7,257  6,305  (793) (3,559) (4,371)
Depreciation, depletion and amortization 6,090  5,956  6,845  9,062  9,113 
Impairments 405  27  6,601  139  2,245 
Dry hole costs and leasehold impairments 421  95  566  1,184  3,065 
Accretion on discounted liabilities 326  353  362  425  483 
Deferred taxes (444) 283  (3,681) (2,221) (2,772)
Undistributed equity earnings 594  152  (232) 299  101 
Gain on dispositions (1,966) (1,063) (2,177) (360) (591)
Other (1,000) 191  (429) (85) 321 
(Increase) decrease in accounts and notes receivable 505  235  (886) 820  1,810 
(Increase) decrease in inventories (67) 86  (55) 44  166 
(Increase) decrease in prepaid expenses and other current assets 37  (55) 69  105  239 
Increase (decrease) in accounts payable (378) (52) 265  (524) (1,647)
Increase (decrease) in taxes and other accruals (676) 421  622  (926) (590)
Working capital adjustments (579) 635  15  (481) (22)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 3,847  6,629  7,870  7,962  11,943 
Net cash provided by operating activities 11,104  12,934  7,077  4,403  7,572 
Capital expenditures and investments (6,636) (6,750) (4,591) (4,869) (10,050)
Working capital changes associated with investing activities (103) (68) 132  (331) (968)
Proceeds from asset dispositions 3,012  1,082  13,860  1,286  1,952 
Net (purchases) sales of short-term investments (2,910) 1,620  (1,790) (51) — 
Collection of advances/loans, related parties 127  119  115  108  105 
Other (108) 154  36  (2) 306 
Net cash (used in) provided by investing activities (6,618) (3,843) 7,762  (3,859) (8,655)
Issuance of debt —  —  —  4,594  2,498 
Repayment of debt (80) (4,995) (7,876) (2,251) (103)
Issuance of company common stock (30) 121  (63) (63) (82)
Repurchase of company common stock (3,500) (2,999) (3,000) (126) — 
Dividends paid (1,500) (1,363) (1,305) (1,253) (3,664)
Other (119) (123) (112) (137) (78)
Net cash provided by (used in) financing activities (5,229) (9,359) (12,356) 764  (1,429)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (46) (117) 232  (66) (182)
Net change in cash, cash equivalents and restricted cash (789) (385) 2,715  1,242  (2,694)
Cash, cash equivalents and restricted cash at beginning of period 6,151  6,536  3,610  2,368  5,062 
Cash, cash equivalents and restricted cash at end of period 5,362  6,151  6,325  3,610  2,368 

Based on: 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23).

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. ConocoPhillips’s net cash provided by operating activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Net cash (used in) provided by 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. ConocoPhillips’s net cash (used in) provided by investing activities decreased from 2017 to 2018 and from 2018 to 2019.
Net cash provided by (used in) 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. ConocoPhillips’s net cash provided by (used in) financing activities increased from 2017 to 2018 and from 2018 to 2019.