Statement of Cash Flows
Quarterly Data

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.

ConocoPhillips, Consolidated Statement of Cash Flows (quarterly data)

USD $ in millions

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3 months ended 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 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Net income (loss) 1,873  1,654  900  1,598  436  (3,426) 599  (19) (1,026) (1,058) (1,456) (3,437) (1,056) (164) 286  (24) 2,727  2,098  2,137  2,503  2,496  2,063  2,153 
Depreciation, depletion and amortization 1,494  1,438  1,412  1,633  1,608  1,625  1,979  2,061  2,425  2,329  2,247  2,382  2,271  2,329  2,131  2,271  2,096  2,070  1,892  1,893  1,902  1,832  1,807 
Impairments 44  (35) 12  126  6,294  175  (182) 123  62  136  2,127  24  78  16  730  108  17  498  28 
Dry hole costs and leasehold impairments 28  16  20  131  22  406  174  187  463  360  1,827  525  402  311  498  265  334  69  98  133  176  36 
Accretion on discounted liabilities 89  89  88  86  89  92  95  96  108  112  109  118  122  122  121  127  120  120  117  117  106  105  106 
Deferred taxes 136  197  65  (911) (222) (1,234) (1,314) (69) (695) (630) (827) (1,488) (682) 35  (637) (315) 391  403  230  169  458  443  241 
Undistributed equity earnings (105) 128  (34) (39) (72) (78) (43) (115) 192  (30) 252  180  (38) (121) 80  (257) (347) (450) 1,131  (237) (357) (199) (29)
Gain on dispositions (113) (55) (7) (33) (246) (1,876) (22) (158) (51) (128) (23) (469) (18) (52) (52) (78) (4) (7) (9) (20) (1,069) (95) (58)
Income from discontinued operations –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  (1,078) (33) (20) (995) (57) (129)
Other 15  (267) 29  (62) (542) 222  (47) (35) (33) 109  (126) 580  195  (321) (133) 303  (344) (308) 116  (91) 206  17  (503)
(Increase) decrease in accounts and notes receivable (602) 316  139  (951) (248) 235  78  (292) 15  548  549  (103) 494  51  1,368  593  554  370  (290) (78) 163  410  249 
(Increase) decrease in inventories (144) (33) 12  (40) (12) 73  (76) 22  45  (84) 61  117  (35) 77  (31) (59) (76) (27) 23  (122) (2) (177)
(Increase) decrease in prepaid expenses and other current assets 97  (126) (22) 81  123  (145) 10  59  97  (60) (16) 102  (81) 234  (1) 49  (221) (17) 89  64  (105) (131)
Increase (decrease) in accounts payable 239  (101) (181) 477  (34) (49) (129) (9) (61) –  (454) (29) (260) (254) (1,104) (596) (258) (282) 353  (141) (70) (134) 528 
Increase (decrease) in taxes and other accruals 359  121  (34) 385  162  (4) 79  (90) (46) (374) (416) (83) 138  (15) (630) (623) (66) (472) 595  32  (210) (853) 513 
Working capital adjustments (51) 177  (86) (48) (9) 110  (38) (310) 50  30  (251) (224) 591  (334) (55) (658) 220  (681) 614  (75) (175) (684) 982 
Adjustments to reconcile net income (loss) to net cash provided by operating activities 1,537  1,688  1,499  883  619  5,177  1,191  1,462  2,306  2,317  1,877  5,033  2,990  2,138  1,782  2,621  1,427  1,465  4,141  1,357  1,148  1,626  2,455 
Net cash provided by operating activities 3,410  3,342  2,399  2,481  1,055  1,751  1,790  1,443  1,280  1,259  421  1,596  1,934  1,974  2,068  2,597  4,154  3,563  6,278  3,860  3,644  3,689  4,608 
Capital expenditures and investments (1,599) (1,999) (1,535) (1,517) (1,088) (1,020) (966) (999) (916) (1,133) (1,821) (2,137) (2,174) (2,407) (3,332) (4,356) (4,588) (4,246) (3,895) (4,256) (4,185) (3,705) (3,391)
Working capital changes associated with investing activities 35  (120) 28  150  95  (87) (26) 70  (38) (229) (134) (126) (164) (480) (198) –  –  –  –  –  –  –  – 
Proceeds from asset dispositions 86  139  169  120  2,998  10,707  35  867  56  228  135  1,629  29  121  173  169  1,371  15  48  7,045  1,499  542  1,134 
Net (purchases) sales of short-term investments (261) (336) 1,593  793  70  (2,450) (203) 178  1,063  (990) (302) –  –  –  –  362  (101) (71) 63  (264) 75  (51) (23)
Collection of advances/loans, related parties 60  –  59  –  58  –  57  –  55  –  53  –  53  –  52  460  66  15  62  15  59  14  57 
Other 41  367  (392) (15) (125) 47  129  (63) 55  300  (9) (550) 50  46  (161) (5) (25) (21)
Net cash (used in) provided by investing activities (1,638) (1,949) (78) (469) 2,008  7,197  (974) 53  275  (2,122) (2,065) (626) (2,249) (2,466) (3,314) (3,357) (3,802) (4,237) (3,676) 2,379  (2,557) (3,225) (2,244)
Issuance of debt –  –  –  –  –  –  –  –  –  –  4,594  –  –  2,498  –  2,994  –  –  –  –  –  –  – 
Repayment of debt (18) (2,064) (2,888) (1,282) (2,515) (3,240) (839) (1,412) (12) (763) (64) (11) (30) (5) (57) (1,509) (55) –  (450) –  (48) (850) (48)
Change in restricted cash –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  748 
Issuance of company common stock 79  60  (18) (2) (17) (46) (11) (7) (3) (42) (13) (23) (12) (34) (19) 78  (32) 17  (10)
Repurchase of company common stock (927) (646) (500) (955) (970) (963) (112) (126) –  –  –  –  –  –  –  –  –  –  –  –  –  –  – 
Dividends paid (334) (337) (338) (319) (324) (331) (331) (313) (314) (313) (313) (923) (922) (909) (910) (907) (907) (856) (855) (853) (852) (814) (815)
Other (63) (16) (32) (32) (16) (48) (16) (44) (14) (41) (38) (28) (15) (17) (18) (44) (11) (17) (3,028) (202) (186) (205)
Net cash provided by (used in) financing activities (1,263) (3,003) (3,776) (2,586) (3,827) (4,599) (1,344) (1,906) (347) (1,120) 4,137  (975) (990) 1,555  (1,019) 542  (973) (789) (1,354) (3,873) (1,085) (1,845) (330)
Net cash provided by discontinued operating activities –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  26  59  58  51  61  52  122 
Net cash used in discontinued investing activities –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  (9) (28) (22) (64) (161) (190) (189)
Net cash provided by (used in) discontinued operations –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  –  17  31  36  (13) (100) (138) (67)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (26) (139) 125  (12) 141  76  27  (70) 19  (20) (40) (95) 86  (133) (128) (130) 54  (10) 10  72  (163)
Net change in cash, cash equivalents and restricted cash 483  (1,749) (1,330) (586) (623) 4,425  (501) (480) 1,227  (2,003) 2,498  (45) (1,400) 1,149  (2,398) (346) (734) (1,378) 1,274  2,363  (26) (1,513) 1,804 

Based on: 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-23), 10-Q (filing date: 2015-11-03), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-24), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-K (filing date: 2014-02-25), 10-Q (filing date: 2013-11-05), 10-Q (filing date: 2013-08-02), 10-Q (filing date: 2013-04-30).

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 Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
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 declined from Q1 2018 to Q2 2018 but then slightly increased from Q2 2018 to Q3 2018.
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 Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.