Cash Flow Statement

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.

Marathon Oil Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income (loss)	946)	(1,451)	480)	1,096)	(5,723)
Discontinued operations	—)	—)	—)	—)	4,893)
Depreciation, depletion and amortization	2,066)	2,316)	2,397)	2,441)	2,372)
Impairments	60)	144)	24)	75)	229)
Exploratory dry well costs and unproved property impairments	125)	159)	114)	255)	323)
Net (gain) loss on disposal of assets	19)	(9)	(50)	(319)	(58)
Loss on early extinguishment of debt	121)	28)	3)	—)	51)
Deferred income taxes	(27)	(22)	(34)	52)	(61)
Unrealized (gain) loss on derivative instruments, net	(16)	27)	124)	(267)	87)
Pension and other post retirement benefits, net	(31)	(43)	(52)	(65)	(46)
Stock-based compensation	40)	57)	60)	53)	49)
Equity method investments, net	(76)	210)	18)	45)	20)
Current receivables	(389)	367)	52)	(133)	(334)
Inventories	(1)	(4)	3)	(1)	10)
Current accounts payable and accrued liabilities	369)	(381)	(187)	179)	297)
Other current assets and liabilities	46)	75)	(4)	(22)	1)
Changes in current assets and liabilities	25)	57)	(136)	23)	(26)
All other operating, net	(13)	—)	(199)	(155)	(122)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	2,293)	2,924)	2,269)	2,138)	7,711)
Net cash provided by operating activities	3,239)	1,473)	2,749)	3,234)	1,988)
Additions to property, plant and equipment	(1,046)	(1,343)	(2,550)	(2,753)	(1,974)
Additions to other assets	—)	15)	36)	(26)	(25)
Acquisitions, net of cash acquired	(47)	(1)	(293)	(25)	(1,891)
Disposal of assets, net of cash transferred to the buyer	22)	18)	(76)	1,264)	1,787)
Equity method investments, return of capital	61)	7)	64)	57)	64)
All other investing, net	—)	1)	1)	13)	(5)
Net cash used in investing activities	(1,010)	(1,303)	(2,818)	(1,470)	(2,044)
Borrowings	—)	400)	600)	—)	988)
Debt repayments	(1,400)	(500)	(600)	—)	(2,764)
Debt extinguishment costs	(117)	(27)	(2)	—)	(46)
Purchases of common stock	(734)	(92)	(362)	(713)	(11)
Dividends paid	(141)	(64)	(162)	(169)	(170)
All other financing, net	1)	(3)	(9)	23)	—)
Net cash used in financing activities	(2,391)	(286)	(535)	(859)	(2,003)
Operating activities	—)	—)	—)	—)	141)
Investing activities	—)	—)	—)	—)	(13)
Changes in cash included in current assets held for sale	—)	—)	—)	—)	2)
Net increase in cash and cash equivalents of discontinued operations	—)	—)	—)	—)	130)
Effect of exchange rate on cash and cash equivalents	—)	—)	—)	(2)	4)
Net increase (decrease) in cash and cash equivalents	(162)	(116)	(604)	903)	(1,925)
Cash and cash equivalents at beginning of period	742)	858)	1,462)	563)	2,488)
Cash and cash equivalents included in current assets held for sale	—)	—)	—)	(4)	—)
Cash and cash equivalents at end of period	580)	742)	858)	1,462)	563)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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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.	Marathon Oil Corp. net cash provided by operating activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 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.	Marathon Oil Corp. net cash used in investing activities increased from 2019 to 2020 and from 2020 to 2021.
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.	Marathon Oil Corp. net cash used in financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Marathon Oil Corp. (NYSE:MRO)

Cash Flow Statement