EOG Resources Inc. (EOG)


Cash Flow Statement
Quarterly Data

Low level of difficulty

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 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.

EOG Resources Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

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3 months ended 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 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Net income (loss) 615,122  847,841  635,426  892,768  1,190,952  696,731  638,589  2,430,468  100,541  23,053  28,517  (142,352) (190,000) (292,558) (471,776) (284,296) (4,075,739) 5,268  (169,748) 444,588  1,103,618  706,353  660,928 
Depreciation, depletion and amortization 953,597  957,304  879,595  919,963  918,180  848,674  748,591  881,745  846,222  865,384  816,036  862,524  899,511  862,491  928,891  769,457  722,172  909,227  912,788  1,013,930  1,040,018  996,602  946,491 
Impairments 105,275  112,130  72,356  186,087  44,617  51,708  64,609  153,442  53,677  78,934  193,187  297,946  177,990  72,714  71,617  168,171  6,307,420  68,519  69,436  535,637  55,542  39,035  113,361 
Stock-based compensation expenses 54,670  38,566  39,087  39,047  49,001  31,803  35,486  32,312  43,476  27,601  30,460  31,018  37,601  27,091  32,380  28,651  40,276  28,598  33,052  41,450  38,492  29,579  35,565 
Deferred income taxes 184,282  217,970  106,324  212,454  334,116  176,224  171,362  (1,588,722) 79,688  34,468  694  (22,717) (108,195) (187,598) (196,696) (105,277) (2,222,227) (57,562) (97,241) 730,424  495,413  246,301  232,808 
(Gains) losses on asset dispositions, net 523  (8,009) 3,836  (79,904) (115,944) 6,317  14,969  65,220  8,202  8,916  16,758  (104,034) (108,204) 15,550  (9,147) 3,656  1,185  5,564  (1,607) (431,890) (60,346) (3,856) (11,498)
Other, net (1,284) 2,487  2,952  (8,248) 1,807  11,494  2,013  11,060  2,177  (3,639) (3,052) 19,541  12,158  24,549  5,442  8,161  (3,052) (5,682) 12,469  30,950  16,204  (4,458) 5,442 
Items not requiring (providing) cash 1,297,063  1,320,448  1,104,150  1,269,399  1,231,777  1,126,220  1,037,030  (444,943) 1,033,442  1,011,664  1,054,083  1,084,278  910,861  814,797  832,487  872,819  4,845,774  948,664  928,897  1,920,501  1,585,323  1,303,203  1,322,169 
Dry hole costs 24,138  3,769  94  145  358  4,902  —  4,532  50  27  —  193  10,390  (172) 246  429  198  (551) 14,670  18,225  16,359  5,558  8,348 
Total (gains) losses (85,902) (177,300) 20,580  (132,095) 52,081  185,883  59,771  45,032  6,606  (9,446) (62,020) 65,787  (5,117) 44,373  (5,435) (4,970) (29,239) 48,493  (76,208) (750,154) (469,125) 229,270  155,736 
Net cash received from (payments for) settlements of commodity derivative contracts 108,418  10,444  20,846  (78,678) (91,894) (66,369) (21,965) 2,708  2,139  679  1,912  —  (25,071) (14,835) 17,687  69,093  99,879  193,435  367,707  222,944  (68,037) (86,867) (34,033)
Mark-to-market commodity derivative contracts 22,516  (166,856) 41,426  (210,773) (39,813) 119,514  37,806  47,740  8,745  (8,767) (60,108) 65,787  (30,188) 29,538  12,252  64,123  70,640  241,928  291,499  (527,210) (537,162) 142,403  121,703 
Excess tax benefits from stock-based compensation —  —  —  —  —  —  —  —  —  —  —  (7,286) (10,260) (11,811) —  (1,839) (7,826) (7,535) (8,858) (11,632) (24,068) (36,337) (27,422)
Other, net (424) 663  976  1,456  1,913  217  (478) 934  455  243  (428) 3,458  2,505  3,601  1,407  3,628  2,558  4,730  1,616  4,308  1,478  3,634  3,589 
Accounts receivable 63,891  239,250  (308,996) 185,349  (243,778) (200,097) (109,654) (366,686) (129,231) 75,098  28,688  (220,939) 10,712  (154,970) 132,398  193,101  150,128  (54,917) 353,100  426,025  (91,707) (105,019) (144,317)
Inventories 66,857  7,720  (18,979) (108,591) (94,598) (85,420) (106,799) (156,874) (11,545) (30,865) 24,736  33,131  41,750  38,235  57,578  31,443  (10,602) 99,781  (62,172) (42,792) (9,410) (40,808) (68,948)
Accounts payable 7,400  (67,229) 194,082  (98,178) 81,548  402,325  53,652  211,298  36,190  56,278  20,426  127,165  2,145  86,269  (289,627) (98,986) (310,567) (321,769) (677,875) (23,123) 219,214  (14,271) 361,810 
Accrued taxes payable 34,767  (61,718) 114,998  (55,570) (59,426) 585  21,950  (13,970) (10,843) (511) (38,613) (21,214) 20,676  90,860  2,460  (65,777) 13,451  62,019  2,105  (159,926) 60,744  (24,133) 139,801 
Other assets (92,814) 494,322  (6,935) (22,101) (40,491) (53,980) (8,863) (574,669) (22,851) (16,412) (44,677) (28,110) 21,063  (37,535) 3,946  (28,822) 70,851  16,938  59,176  47,518  79,487  (128,917) (12,536)
Other liabilities 39,791  (4,014) (54,092) 25,725  38,392  (24,113) (29,055) (20,647) (2,355) (15,618) (51,251) (53,024) 35,234  (6,427) 7,992  (50,574) 33,165  (16,993) (31,855) 8,802  9,517  86,270  (29,169)
Changes in components of working capital and other assets and liabilities 119,892  608,331  (79,922) (73,366) (318,353) 39,300  (178,769) (921,548) (140,635) 67,970  (60,691) (162,991) 131,580  16,432  (85,253) (19,615) (53,574) (214,941) (357,521) 256,504  267,845  (226,878) 246,641 
Changes in components of working capital associated with investing and financing activities (16,643) 72,347  (94,381) 205,599  122,763  (45,267) 17,988  210,365  (41,235) (15,814) (63,324) (36,342) (65,307) (56,681) 2,228  (19,436) 349,401  (90,190) 259,992  5,154  (76,924) 36,639  (68,283)
Net cash provided by operating activities 2,061,664  2,686,543  1,607,769  2,085,228  2,189,597  1,941,617  1,552,166  1,327,548  961,363  1,078,376  898,049  804,745  759,581  503,146  291,591  615,813  1,131,432  887,373  960,547  2,110,438  2,336,469  1,934,575  2,267,673 
Additions to oil and gas properties (1,420,385) (1,507,024) (1,939,473) (1,267,362) (1,591,646) (1,615,175) (1,365,111) (1,022,930) (1,042,571) (973,190) (912,227) (708,209) (637,998) (596,150) (547,399) (807,085) (1,306,217) (1,183,115) (1,428,733) (1,866,632) (1,928,549) (1,987,856) (1,736,630)
Additions to other property, plant and equipment (70,469) (55,918) (60,963) (34,797) (57,526) (68,758) (76,100) (33,766) (51,482) (53,740) (34,336) (32,696) (15,759) (18,792) (25,792) (35,718) (50,698) (84,731) (116,866) (139,960) (184,206) (237,006) (165,966)
Proceeds from sales of assets 17,767  2,593  15,049  215,864  3,306  5,447  2,829  35,175  16,333  128,448  46,812  661,550  205,136  245,862  6,667  48,522  28,119  115,048  1,118  477,997  16,823  54,687  19,825 
Changes in restricted cash —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  151,623  —  (82,191) (9,047)
Net cash received from Yates transaction —  —  —  —  —  —  —  —  —  —  —  54,534  —  —  —  —  —  —  —  —  —  —  — 
Other investing activities —  —  —  —  (19,993) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Changes in components of working capital associated with investing activities 16,621  (72,325) 94,381  (205,599) (122,791) 45,295  (18,045) (210,404) 41,331  15,814  63,324  35,488  66,137  56,705  (2,228) 19,423  (349,420) 89,838  (259,741) (5,476) 77,379  (36,638) 68,258 
Net cash used in investing activities (1,456,466) (1,632,674) (1,891,006) (1,291,894) (1,788,650) (1,633,191) (1,456,427) (1,231,925) (1,036,389) (882,668) (836,427) 10,667  (382,484) (312,375) (568,752) (774,858) (1,678,216) (1,062,960) (1,804,222) (1,382,448) (2,018,553) (2,289,004) (1,823,560)
Net commercial paper borrowings (repayments) —  —  —  —  —  —  —  —  —  —  —  —  —  —  (259,718) 230,018  29,700  —  —  —  —  —  — 
Long-term debt borrowings —  —  —  —  —  —  —  —  —  —  —  —  —  —  991,097  —  —  —  990,225  —  —  —  496,220 
Long-term debt repayments —  (900,000) —  (350,000) —  —  —  —  (600,000) —  —  (163,829) —  —  (400,000) —  —  (500,000) —  —  —  —  (500,000)
Settlement of foreign currency swap —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (31,573)
Dividends paid (166,170) (127,135) (127,546) (126,970) (107,465) (106,584) (97,026) (97,270) (96,277) (96,277) (96,707) (96,119) (92,690) (91,866) (92,170) (92,428) (91,447) (91,469) (91,661) (92,025) (67,986) (67,904) (51,780)
Excess tax benefits from stock-based compensation —  —  —  —  —  —  —  —  —  —  —  7,286  10,260  11,811  —  1,839  7,826  7,535  8,858  11,632  24,068  36,337  27,422 
Treasury stock purchased (13,835) (2,155) (6,248) (4,898) (26,535) (15,247) (16,776) (13,034) (28,696) (3,050) (18,628) (26,484) (26,886) (16,083) (12,672) (5,372) (17,057) (10,903) (15,459) (12,600) (25,300) (60,627) (28,897)
Proceeds from stock options exercised and employee stock purchase plan 863  8,292  403  8,462  953  9,692  1,453  9,666  1,566  7,252  2,356  9,013  3,659  7,936  2,688  7,723  483  10,500  3,984  10,509  1,307  9,448  985 
Debt issuance costs (114) (4,902) —  —  —  —  —  —  —  —  —  —  —  (10) (1,592) (18) (4,348) 18  (1,603) —  —  47  (942)
Repayment of finance lease liabilities (3,235) (3,213) (3,190) (3,167) (1,698) (1,683) (1,671) (1,658) (1,646) (1,632) (1,619) (1,607) (1,596) (1,581) (1,569) (1,557) (1,546) (1,532) (1,521) (1,509) (1,499) (1,484) (1,474)
Changes in components of working capital associated with financing activities 22  (22) —  —  28  (28) 57  39  (96) —  —  854  (830) (24) —  13  19  352  (251) 322  (455) (1) 25 
Net cash provided by (used in) financing activities (182,469) (1,029,135) (136,581) (476,573) (134,717) (113,850) (113,963) (102,257) (725,149) (93,707) (114,598) (270,886) (108,083) (89,817) 226,064  140,218  (76,370) (585,499) 892,572  (83,671) (69,865) (84,184) (90,014)
Effect of exchange rate changes on cash (109) (59) (6) (35,259) (313) (2,455) 90  (5,276) (3,130) 876  (353) 6,642  (9) 10,287  1,072  (5,356) (1,552) 1,062  (8,691) (38,251) 2,954  1,541  (5,096)
Increase (decrease) in cash and cash equivalents 422,620  24,675  (419,824) 281,502  265,917  192,121  (18,134) (11,910) (803,305) 102,877  (53,329) 551,168  269,005  111,241  (50,025) (24,183) (624,706) (760,024) 40,206  606,068  251,005  (437,072) 349,003 

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

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. EOG Resources Inc.’s net cash provided by operating activities increased from Q1 2019 to Q2 2019 but then slightly declined from Q2 2019 to Q3 2019 not reaching Q1 2019 level.
Net cash used in 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. EOG Resources Inc.’s net cash used in investing activities increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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. EOG Resources Inc.’s net cash provided by (used in) financing activities declined from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 not reaching Q1 2019 level.