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 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  6,294  175  (182) 123  62  136  2,127  24  78  16  730  108  17  498  28 
Dry hole costs and leasehold impairments 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  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) (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  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) (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  300  (9) (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) (17) (46) (11) (7) (3) (42) (13) (23) (12) (34) (19) 78  (32) 17  (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) (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) (40) (95) 86  (133) (128) (130) 54  (10) 10  72  (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 
Source: ConocoPhillips, Quarterly and Annual Reports
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.