Stock Analysis on Net

ConocoPhillips (NYSE:COP)

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.

ConocoPhillips, consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (loss) 3,007 2,798 2,232 2,920 3,249 4,527 5,145 5,759 2,627 2,379 2,091 982 (772) (450) 278 (1,711) 743 3,071 1,597 1,846
Depreciation, depletion and amortization 2,223 2,095 2,010 1,942 1,999 1,872 1,810 1,823 1,783 1,672 1,867 1,886 1,541 1,411 1,158 1,411 1,488 1,566 1,490 1,546
Impairments 2 11 1 (18) 2 2 2 764 (89) 2 (3) 292 2 (2) 521 379 24 1 1
Dry hole costs and leasehold impairments 11 49 34 68 204 32 97 7 37 1 6 969 44 3 67 60 293 41 27
Accretion on discounted liabilities 79 68 68 68 68 60 61 61 56 61 63 62 57 62 66 67 67 86 87 86
Deferred taxes 392 264 165 324 492 726 495 373 451 328 364 203 (406) (108) (93) (227) (140) (83) (220) (1)
Undistributed equity earnings 44 268 161 491 373 (22) 371 220 188 (59) 236 81 195 46 373 31 334 (102) 338 24
(Gain) loss on dispositions (28) (108) 1 (93) (38) 40 (262) (817) (192) (2) (59) (233) 2 3 (596) 42 (82) (1,785) (82) (17)
(Gain) loss on investment in Cenovus Energy (251) (297) (17) (418) (308) (447) 162 (551) 1,691 (160) (116) (30) (343)
Other (236) 23 28 (35) 124 (1) 115 (152) 78 (178) (107) (581) 231 56 40 (284) (20) (310) 200 (221)
(Increase) decrease in accounts and notes receivable 186 (1,099) 545 1,701 354 544 (326) (1,535) (881) (825) (9) (785) (611) (614) 705 1,041 172 (128) 282 179
(Increase) decrease in inventories 11 (91) 22 (45) 26 (11) (80) 27 (147) 76 (38) (51) 49 (47) (304) 277 (65) 75 (73) (4)
(Increase) decrease in prepaid expenses and other current assets (149) 191 40 255 296 (186) (341) 58 151 (412) (345) (43) 125 100 (70) (79) 66 120 (211) 62
Increase (decrease) in accounts payable (281) 777 (348) (1,266) (197) 463 839 (204) 717 359 (101) 424 334 171 (457) (297) 98 (150) (184) (142)
Increase (decrease) in taxes and other accruals 2 199 (1,104) (928) (340) 694 (12) (303) 533 1,504 704 440 113 30 (393) (445) 42 (224) (345) (149)
Working capital adjustments (231) (23) (845) (283) 139 1,504 80 (1,957) 373 702 211 (15) 10 (360) (519) 497 313 (307) (531) (54)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 2,256 2,647 1,622 2,483 3,343 4,213 2,769 (691) 3,241 2,418 2,160 1,098 2,444 1,318 (121) 3,816 2,239 (734) 1,294 1,048
Net cash provided by operating activities 5,263 5,445 3,854 5,403 6,592 8,740 7,914 5,068 5,868 4,797 4,251 2,080 1,672 868 157 2,105 2,982 2,337 2,891 2,894
Capital expenditures and investments (2,883) (2,545) (2,923) (2,897) (2,533) (2,497) (1,968) (3,161) (1,557) (1,302) (1,265) (1,200) (1,058) (1,132) (876) (1,649) (1,595) (1,675) (1,729) (1,637)
Working capital changes associated with investing activities 205 (261) (122) 208 (22) 46 133 363 55 77 (59) 61 74 22 (332) 81 (120) (7) (83) 107
Acquisition of businesses, net of cash acquired (2,724) (97) 37 (8,672) 382
Proceeds from asset dispositions 19 187 238 188 117 403 619 2,332 861 632 177 (17) 5 (1) 764 549 92 2,219 559 142
Net (purchases) sales of investments (487) 311 484 1,065 (394) (1,131) (841) (263) 245 1,544 1,801 (499) 431 (59) (95) (935) (2,245) (180) (484) (1)
Collection of advances/loans, related parties 59 55 53 52 50 66 65 62
Other 18 (76) 7 (12) (5) 15 (34) 26 473 (472) 80 6 5 4 9 (44) 38 (272) 276 (150)
Net cash (used in) provided by investing activities (5,852) (2,384) (2,316) (1,448) (2,934) (3,105) (2,091) (611) (8,595) 532 734 (1,215) (543) (1,116) (530) (1,932) (3,830) 150 (1,461) (1,477)
Issuance of debt 2,694 1,093 2,897 300
Repayment of debt (136) (43) (1,157) (43) (393) (45) (1,865) (3,964) (142) (319) (18) (26) (20) (20) (190) (24) (21) (21) (19) (19)
Issuance of company common stock 5 38 2 (97) 17 (5) 79 271 118 52 3 (28) (3) (4) 2 9 (3) 2 (38)
Repurchase of company common stock (1,100) (1,300) (1,300) (1,700) (2,746) (2,799) (2,300) (1,425) (1,399) (1,243) (606) (375) (166) (726) (749) (749) (1,250) (752)
Dividends paid (1,408) (1,337) (1,350) (1,488) (2,390) (1,484) (988) (864) (609) (579) (583) (588) (464) (454) (455) (458) (463) (341) (346) (350)
Other (23) (13) 2 4 3 (4) (52) 1 3 1 2 1 1 (4) (24) (46) (18) (41) (14)
Net cash used in financing activities (2,639) 29 (2,725) (3,326) (5,508) (4,330) (5,078) (3,137) (2,031) (2,086) (1,203) (1,015) (652) (177) (649) (1,230) (1,270) (1,132) (1,654) (1,173)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 51 12 (58) (104) 228 (215) (258) 21 (31) (12) 11 (2) 42 31 29 (122) 22 (94) (49) 75
Net change in cash, cash equivalents and restricted cash (3,177) 3,102 (1,245) 525 (1,622) 1,090 487 1,341 (4,789) 3,231 3,793 (152) 519 (394) (993) (1,179) (2,096) 1,261 (273) 319

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 net cash provided by operating activities increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
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 net cash (used in) provided by investing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash 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 net cash used in financing activities increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.