Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

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.

ConocoPhillips, consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: 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) 278  (1,711) 743  3,071  1,597  1,846  1,878  1,873  1,654  900  1,598  436  (3,426) 599  (19) (1,026) (1,058) (1,456) (3,437) (1,056) (164) 286 
Depreciation, depletion and amortization 1,158  1,411  1,488  1,566  1,490  1,546  1,612  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 
Impairments (2) 521  379  24  44  (35) 12  126  6,294  175  (182) 123  62  136  2,127  24  78  16 
Dry hole costs and leasehold impairments 67  60  293  41  27  31  28  16  20  131  22  406  174  187  463  360  1,827  525  402  311 
Accretion on discounted liabilities 66  67  67  86  87  86  87  89  89  88  86  89  92  95  96  108  112  109  118  122  122  121 
Deferred taxes (93) (227) (140) (83) (220) (1) (115) 136  197  65  (911) (222) (1,234) (1,314) (69) (695) (630) (827) (1,488) (682) 35  (637)
Undistributed equity earnings 373  31  334  (102) 338  24  163  (105) 128  (34) (39) (72) (78) (43) (115) 192  (30) 252  180  (38) (121) 80 
(Gain) loss on dispositions (596) 42  (82) (1,785) (82) (17) (888) (113) (55) (7) (33) (246) (1,876) (22) (158) (51) (128) (23) (469) (18) (52) (52)
Unrealized (gain) loss on investment in Cenovus Energy (551) 1,691  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other 40  (284) (180) (426) 170  (564) 414  15  (267) 29  (62) (542) 222  (47) (35) (33) 109  (126) 580  195  (321) (133)
(Increase) decrease in accounts and notes receivable 705  1,041  172  (128) 282  179  382  (602) 316  139  (951) (248) 235  78  (292) 15  548  549  (103) 494  51  1,368 
(Increase) decrease in inventories (304) 277  (65) 75  (73) (4) 251  (144) (33) 12  (40) (12) 73  (76) 22  45  (84) 61  117  (35) 77 
(Increase) decrease in prepaid expenses and other current assets (70) (79) 66  120  (211) 62  (4) 97  (126) (22) 81  123  (145) 10  59  97  (60) (16) 102  (81) 234 
Increase (decrease) in accounts payable (457) (297) 98  (150) (184) (142) (9) 239  (101) (181) 477  (34) (49) (129) (9) (61) —  (454) (29) (260) (254) (1,104)
Increase (decrease) in taxes and other accruals (393) (445) 42  (224) (345) (149) (25) 359  121  (34) 385  162  (4) 79  (90) (46) (374) (416) (83) 138  (15) (630)
Working capital adjustments (519) 497  313  (307) (531) (54) 595  (51) 177  (86) (48) (9) 110  (38) (310) 50  30  (251) (224) 591  (334) (55)
Adjustments to reconcile net income (loss) to net cash provided by operating activities (121) 3,816  2,239  (734) 1,294  1,048  1,905  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 
Net cash provided by operating activities 157  2,105  2,982  2,337  2,891  2,894  3,783  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 
Capital expenditures and investments (876) (1,649) (1,595) (1,675) (1,729) (1,637) (1,617) (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)
Working capital changes associated with investing activities (332) 81  (120) (7) (83) 107  (11) 35  (120) 28  150  95  (87) (26) 70  (38) (229) (134) (126) (164) (480) (198)
Proceeds from asset dispositions 764  549  92  2,219  559  142  688  86  139  169  120  2,998  10,707  35  867  56  228  135  1,629  29  121  173 
Net (purchases) sales of investments (95) (935) (2,245) (180) (484) (1) 624  (261) (336) 1,593  793  70  (2,450) (203) 178  1,063  (990) (302) —  —  —  — 
Collection of advances/loans, related parties —  66  —  65  —  62  —  60  —  59  —  58  —  57  —  55  —  53  —  53  —  52 
Other (44) 38  (272) 276  (150) 138  41  367  (392) (15) (125) 47  129  (63) 55  300  (9)
Net cash (used in) provided by investing activities (530) (1,932) (3,830) 150  (1,461) (1,477) (178) (1,638) (1,949) (78) (469) 2,008  7,197  (974) 53  275  (2,122) (2,065) (626) (2,249) (2,466) (3,314)
Issuance of debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  4,594  —  —  2,498  — 
Repayment of debt (190) (24) (21) (21) (19) (19) (25) (18) (2,064) (2,888) (1,282) (2,515) (3,240) (839) (1,412) (12) (763) (64) (11) (30) (5) (57)
Issuance of company common stock —  (3) (38) —  79  60  (18) (2) (17) (46) (11) (7) (3) (42) (13) (23) (12) (34)
Repurchase of company common stock —  (726) (749) (749) (1,250) (752) (926) (927) (646) (500) (955) (970) (963) (112) (126) —  —  —  —  —  —  — 
Dividends paid (455) (458) (463) (341) (346) (350) (354) (334) (337) (338) (319) (324) (331) (331) (313) (314) (313) (313) (923) (922) (909) (910)
Other (4) (24) (46) (18) (41) (14) (12) (63) (16) (32) (32) (16) (48) (16) (44) (14) (41) (38) (28) (15) (17) (18)
Net cash provided by (used in) financing activities (649) (1,230) (1,270) (1,132) (1,654) (1,173) (1,317) (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)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 29  (122) 22  (94) (49) 75  (77) (26) (139) 125  (12) 141  76  27  (70) 19  (20) (40) (95) 86  (133)
Net change in cash, cash equivalents and restricted cash (993) (1,179) (2,096) 1,261  (273) 319  2,211  483  (1,749) (1,330) (586) (623) 4,425  (501) (480) 1,227  (2,003) 2,498  (45) (1,400) 1,149  (2,398)

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-19), 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).

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 decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.