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.
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Marathon Oil Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
- Aggregate Accruals
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Marathon Oil Corp., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Net Income (Loss)
- The net income exhibits significant volatility over the periods analyzed, with a substantial loss of $4,957 million in the first quarter of 2017 followed by a recovery to positive income from 2018 through 2019. However, losses reoccurred in 2020, likely due to market disruptions, with a return to profitability visible in subsequent quarters, culminating in strong income gains in early 2022.
- Depreciation, Depletion, and Amortization (DDA)
- DDA remains relatively stable throughout the periods, generally fluctuating between $500 million and $650 million. This consistency suggests stable asset base utilization and capital expenditures over time.
- Impairments and Exploratory Costs
- Impairments show sporadic occurrences with minor amounts except for notable spikes in certain quarters, particularly in late 2017 and 2020-2021, indicating occasional asset write-downs. Exploratory dry well costs and unproved property impairments vary, peaking notably in the third quarter of 2017 and again towards the end of 2018 and 2020, reflecting ongoing exploration activity and associated risks.
- Net Gain/Loss on Disposal of Assets
- The company experienced both gains and losses on asset disposals, with occasional significant gains, such as in the first quarter of 2018, and losses or negative impacts scattered irregularly, indicating active portfolio management including asset sales and purchases.
- Loss on Early Extinguishment of Debt
- This expense is observed sporadically, with notable charges in the third and fourth quarters of 2020 and 2021, suggesting periods when the company restructured or paid off debt ahead of schedule, incurring associated costs.
- Deferred Income Taxes
- Deferred taxes fluctuate substantially, with both positive and negative amounts, including a dramatic negative balance exceeding $500 million in the second quarter of 2022, pointing to changing tax positions and timing effects across fiscal periods.
- Unrealized Gain/Loss on Derivative Instruments
- Volatility is evident in unrealized gains and losses on derivatives. Sharp losses were recorded in late 2018 and early 2020, while gains appeared intermittently, reflecting exposure to commodity price or currency fluctuations and hedging impacts.
- Financial Operating Adjustments
- Stock-based compensation remains relatively stable. Equity method investments show varied results, including a significant increase in the second quarter of 2020, perhaps due to valuation changes or returns on investments. Changes in current assets and liabilities exhibit significant swings, signaling working capital volatility.
- Cash Flows from Operating Activities
- Operating cash flow generally trends positively, with peaks in late 2018, 2021, and especially the first half of 2022, indicating improved operational cash generation. Notably, operating cash flow diminished significantly in early 2020, reflecting operational challenges during that period.
- Cash Flows from Investing Activities
- Investing cash flow is predominantly negative, demonstrating ongoing capital expenditures and asset acquisitions. However, an anomalous positive inflow is noted in the first quarter of 2018, possibly due to asset disposals or divestitures. The consistent negative outflows confirm sustained investment in property, plant, and equipment.
- Cash Flows from Financing Activities
- Financing activities reflect periods of significant debt repayments and borrowings, with notable debt paydowns between 2017 and 2021. Share repurchase activity increases considerably from mid-2021 onwards, suggesting a focus on returning capital to shareholders. Dividends paid exhibit a steady upward trend, indicating a gradually increasing commitment to shareholder returns.
- Overall Liquidity Movements
- Cash and cash equivalents show sharp fluctuations in net increases and decreases, with steep declines in 2017 and 2019-2020, followed by recovery and positive growth in 2021 and 2022, signaling phases of constrained liquidity followed by stabilization and strengthening cash positions.