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
| 3 months ended | 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) | 1,654 | 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 | 1,438 | 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 | (35) | 12 | 126 | 6 | 6,294 | 175 | (182) | 123 | 62 | 136 | 2,127 | 24 | 78 | 16 | 730 | 108 | 17 | 1 | 498 | 1 | 28 | 2 | |||||||||||||||||||||||
| Dry hole costs and leasehold impairments | 16 | 20 | 131 | 7 | 22 | 406 | 174 | 187 | 463 | 360 | 1,827 | 525 | 402 | 311 | 498 | 265 | 334 | 69 | 98 | 133 | 176 | 36 | |||||||||||||||||||||||
| Accretion on discounted liabilities | 89 | 88 | 86 | 89 | 92 | 95 | 96 | 108 | 112 | 109 | 118 | 122 | 122 | 121 | 127 | 120 | 120 | 117 | 117 | 106 | 105 | 106 | |||||||||||||||||||||||
| Deferred taxes | 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 | 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 | (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) | 3 | (129) | |||||||||||||||||||||||
| Other | (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 | 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 | (33) | 12 | (40) | (12) | 73 | (76) | 22 | 45 | (84) | 61 | 7 | 117 | (35) | 77 | (31) | (59) | (76) | (27) | 23 | (122) | (2) | (177) | |||||||||||||||||||||||
| (Increase) decrease in prepaid expenses and other current assets | (126) | (22) | 81 | 123 | (145) | 10 | 59 | 97 | (60) | 9 | (16) | 102 | (81) | 234 | (1) | 49 | (221) | (17) | 89 | 64 | (105) | (131) | |||||||||||||||||||||||
| Increase (decrease) in accounts payable | (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 | 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 | 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 | 1,688 | 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 | 3,342 | 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 | (1,999) | (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 | (120) | 28 | 150 | 95 | (87) | (26) | 70 | (38) | (229) | (134) | (126) | (164) | (480) | (198) | – | – | – | – | – | – | – | – | |||||||||||||||||||||||
| Proceeds from asset dispositions | 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 | (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 | – | 59 | – | 58 | – | 57 | – | 55 | – | 53 | – | 53 | – | 52 | 460 | 66 | 15 | 62 | 15 | 59 | 14 | 57 | |||||||||||||||||||||||
| Other | 367 | (392) | (15) | (125) | 47 | 129 | (63) | 55 | 2 | 4 | 8 | 7 | 300 | (9) | 8 | (550) | 50 | 46 | (161) | (5) | (25) | (21) | |||||||||||||||||||||||
| Net cash (used in) provided by investing activities | (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 | (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 | 60 | (18) | 2 | (2) | (17) | (46) | (11) | (7) | (3) | (42) | (13) | (23) | (12) | (34) | 8 | (19) | 78 | (32) | 8 | 17 | 5 | (10) | |||||||||||||||||||||||
| Repurchase of company common stock | (646) | (500) | (955) | (970) | (963) | (112) | (126) | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||||||||
| Dividends paid | (337) | (338) | (319) | (324) | (331) | (331) | (313) | (314) | (313) | (313) | (923) | (922) | (909) | (910) | (907) | (907) | (856) | (855) | (853) | (852) | (814) | (815) | |||||||||||||||||||||||
| Other | (16) | (32) | (32) | (16) | (48) | (16) | (44) | (14) | (41) | (38) | (28) | (15) | (17) | (18) | (44) | 8 | (11) | (17) | (3,028) | (202) | (186) | (205) | |||||||||||||||||||||||
| Net cash provided by (used in) financing activities | (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 | (139) | 125 | (12) | 141 | 76 | 27 | (70) | 19 | (20) | 5 | (40) | (95) | 86 | (133) | (128) | (130) | 54 | (10) | 10 | 72 | 6 | (163) | |||||||||||||||||||||||
| Net change in cash, cash equivalents and restricted cash | (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 |
| Item | Description | The company |
|---|---|---|
| Net cash provided by operating activities | The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. | ConocoPhillips's net cash provided by operating activities declined from Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 exceeding Q4 2017 level. |