Exxon Mobil Corp. (XOM)


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.

Exxon Mobil Corp., Consolidated Statement of Cash Flows (quarterly data)

USD $ in millions

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3 months ended 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 including noncontrolling interests 3,391  2,406  6,206  6,446  3,986  4,783  8,409  4,085  3,264  4,090  2,024  2,889  1,681  1,781  2,830  4,384  4,262  5,075  6,782  8,346  9,117  9,370 
Depreciation and depletion 4,631  4,571  5,028  4,658  4,589  4,470  5,842  4,880  4,652  4,519  8,117  4,605  4,821  4,765  4,755  4,542  4,451  4,300  4,458  4,362  4,285  4,192 
Changes in operational working capital, excluding cash and debt (1,243) 2,257  (1,331) 957  (1,333) 351  (102) (319) (1,021) 793  994  (661) (1,326) (399) (2,076) 496  (1,024) (509) (4,472) (463) (2,449) 2,452 
All other items, net (832) (896) (1,296) (953) 538  (1,085) (6,738) (1,111) 52  (1,229) (3,739) (1,478) (657) (1,335) (1,129) (248) 1,103  (868) 647  151  (751) (911)
Net cash provided by operating activities 5,947  8,338  8,607  11,108  7,780  8,519  7,411  7,535  6,947  8,173  7,396  5,355  4,519  4,812  4,380  9,174  8,792  7,998  7,415  12,396  10,202  15,103 
Additions to property, plant and equipment (6,173) (5,199) (6,094) (5,204) (4,927) (3,349) (4,501) (4,913) (3,098) (2,890) (3,887) (3,404) (4,271) (4,601) (6,136) (6,401) (7,109) (6,844) (8,884) (8,198) (8,542) (7,328)
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments 33  107  884  1,491  307  1,441  1,408  854  154  687  2,093  976  1,029  177  785  491  629  484  241  127  2,556  1,111 
Additional investments and advances (820) (910) (868) (409) (566) (138) (3,557) (157) (55) (1,738) (19) (1,087) (77) (234) (195) (49) (81) (282) (362) (591) (221) (457)
Other investing activities including collection of advances 83  209  494  215  90  187  114  1,661  121  180  141  280  172  309  222  302  70  290  158  1,017  2,030  368 
Net cash used in investing activities (6,877) (5,793) (5,584) (3,907) (5,096) (1,859) (6,536) (2,555) (2,878) (3,761) (1,672) (3,235) (3,147) (4,349) (5,324) (5,657) (6,491) (6,352) (8,847) (7,645) (4,177) (6,306)
Additions to long-term debt 43  —  46  —  —  —  —  —  —  60  102  —  11,963  —  28  —  8,000  228  —  5,500 
Reductions in long-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  (8) (5) (3) (10) (69) —  —  — 
Additions to short-term debt —  —  —  —  —  —  —  —  1,734  —  —  —  —  —  —  —  —  —  —  —  — 
Reductions in short-term debt (28) (3,777) (473) (23) (384) (3,872) (53) (2,249) (53) (2,669) (28) (29) (229) (28) (31) (61) (257) (157) (231) (25) (43) (446)
Additions (reductions) in commercial paper, and debt with three months or less maturity 4,350  6,776  (1,845) (1,276) 952  1,950  1,842  660  (1,629) 1,308  (3,397) 1,904  1,628  (7,594) 4,296  236  1,183  (3,956) 7,462  334  475  (6,222)
Cash dividends to ExxonMobil shareholders (3,715) (3,505) (3,502) (3,503) (3,502) (3,291) (3,289) (3,289) (3,289) (3,134) (3,133) (3,133) (3,133) (3,054) (3,054) (3,060) (3,066) (2,910) (2,924) (2,946) (2,966) (2,732)
Cash dividends to noncontrolling interests (57) (43) (51) (57) (92) (43) (45) (48) (47) (44) (40) (37) (43) (42) (43) (39) (48) (40) (76) (41) (73) (58)
Changes in noncontrolling interests (45) (74) 520  (99) (216) (59) (60) (61) (29) —  —  —  —  —  —  —  —  —  —  —  —  — 
Tax benefits related to stock-based awards —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  105  — 
Common stock acquired —  (421) (196) (1) (2) (427) (232) (1) (13) (501) (250) —  (1) (726) (754) (501) (1,003) (1,781) (3,318) (3,002) (3,003) (3,860)
Common stock sold —  —  —  —  —  —  —  —  —  —  —  (1) —  —  —  20 
Net cash provided by (used in) financing activities 548  (1,044) (5,501) (4,959) (3,244) (5,742) (1,837) (4,988) (5,059) (3,246) (6,746) (1,296) (1,775) 524  413  (3,402) (3,194) (854) 1,197  (5,673) (5,596) (7,816)
Effects of exchange rate changes on cash 43  (149) (3) (135) 30  (127) 232  135  74  (414) (89) (85) 154  (60) (162) 52  (224) (111) (199) 53  (24)
Increase (decrease) in cash and cash equivalents (373) 1,544  (2,627) 2,239  (695) 948  (1,089) 224  (855) 1,240  (1,436) 735  (488) 1,141  (591) (47) (841) 568  (346) (1,121) 482  957 

Based on: 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-06), 10-Q (filing date: 2014-05-07).

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. Exxon Mobil Corp.’s net cash provided by operating activities declined from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
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. Exxon Mobil Corp.’s net cash used in investing activities declined from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 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. Exxon Mobil Corp.’s net cash provided by (used in) financing activities increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.