Cash Flow Statement
Quarterly Data
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.
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
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ConocoPhillips, consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Net Income (Loss)
- Net income demonstrates a recovery and growth trend following significant volatility in early 2020. The loss of $1.7 billion in March 2020 turned positive by June, then fluctuated before entering sustained growth from 2021 to early 2025, peaking at $5.759 billion in Q1 2022 and maintaining strong profitability thereafter.
- Depreciation, Depletion, and Amortization
- This expense shows a gradual increasing trend over the period analyzed, reflecting ongoing asset capitalization and aging, rising from approximately $1.4 billion in early 2020 to over $2.7 billion by the end of 2024.
- Impairments and Dry Hole Costs
- Impairment charges appear sporadic without a clear trend, with some large fluctuations such as $764 million impairment in late 2021. Dry hole costs and leasehold impairments show significant fluctuations, peaking at $969 million at the end of 2020, indicating variable exploration risk and write-offs over time.
- Accretion on Discounted Liabilities
- The accretion expense is relatively stable but gradually increasing, moving from mid-$60 million to mid-$90 million by early 2025, reflecting increasing discounted liability obligations over time.
- Deferred Taxes
- Deferred taxes exhibit volatility, with negative values in early 2020, turning positive around mid-2020 through 2022, then fluctuating again. This pattern suggests changing tax timing differences influenced by earnings variability and tax planning.
- Distributions More (Less) Than Income from Equity Affiliates
- This metric is highly variable, without a consistent directional trend, indicating uneven income and cash distributions from equity-accounted affiliates.
- Gains and Losses on Dispositions
- These figures fluctuate significantly, with large losses noted in late 2021 and early 2022, followed by smaller gains and losses in subsequent periods, signaling active asset trading and portfolio management.
- Accounts and Notes Receivable
- The change in receivables generally trends negative, especially in 2022, indicating an increase in receivables and potentially impacting working capital negatively during that period. Later periods show some recovery and reductions.
- Inventories
- Inventory changes fluctuate around zero, with small increases and decreases, reflecting stable inventory management without major build-ups or liquidations.
- Prepaid Expenses and Other Current Assets
- There are notable shifts, with large decreases through 2020 and 2021, followed by an increase in 2022–2023, suggesting changes in prepaid asset strategies or timing of expenses recognition.
- Accounts Payable
- Accounts payable changes are volatile, with negative swings indicating payment acceleration and positive in-flows showing deferred payment strategies. Generally, larger payable increases appear in 2021, tapering off intermittently thereafter.
- Taxes and Other Accruals
- This line shows significant fluctuations, particularly large positive accruals in mid-2021 and early 2022 followed by declines, highlighting episodic accrual adjustments possibly linked to tax or contingent liabilities.
- Net Cash Provided by Operating Activities
- Operating cash flow shows general growth from $2.1 billion in early 2020 to peaks near $8.7 billion in late 2022, followed by some contraction but remaining robust through 2024, evidencing strong operational cash generation improving through the period.
- Capital Expenditures and Investments
- Capital expenditures increased markedly starting in 2022, rising from about $1.6 billion per quarter in 2020 to consistently over $3 billion in some quarters of 2024, indicating a significant expansion or upgrade phase.
- Investing Activities Cash Flow
- Cash flow from investing is generally negative, reflecting continued capital investments and acquisitions, notably a large acquisition impact with a $8.7 billion cash outflow in late 2021. Occasional positive inflows from asset sales partially offset investment outflows.
- Financing Activities Cash Flow
- Financing activities reveal large stock repurchases peaking at nearly $2.8 billion quarterly around late 2022, significant dividend payments increasing over time, and episodic debt issuances and repayments, indicating active capital structure management and shareholder return policies.
- Net Change in Cash
- Cash balances were volatile, sharply decreasing in early 2020, then rising substantially through mid-2021, followed by periods of both increases and declines, consistent with operational cash flow strength tempered by investing and financing outflows.