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 | 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 | 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 | 28 | 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 | 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) | 3 | (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 | 7 | 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) | 9 | (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 | 2 | 4 | 8 | 7 | 300 | (9) | 8 | (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 | (2) | (17) | (46) | (11) | (7) | (3) | (42) | (13) | (23) | (12) | (34) | 8 | (19) | 78 | (32) | 8 | 17 | 5 | (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) | 8 | (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) | 5 | (40) | (95) | 86 | (133) | (128) | (130) | 54 | (10) | 10 | 72 | 6 | (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. |