This company has been moved to the archive! The financial data has not been updated since February 21, 2020.
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.
Phillips 66, consolidated cash flow statement
US$ in millions
12 months ended:
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Net income
3,377)
5,873)
5,248)
1,644)
4,280)
Depreciation and amortization
1,341)
1,356)
1,318)
1,168)
1,078)
Impairments
861)
8)
24)
5)
7)
Accretion on discounted liabilities
23)
23)
22)
21)
21)
Deferred income taxes
183)
252)
(1,886)
612)
529)
Undistributed equity earnings
(143)
221)
(516)
(815)
185)
Net gain on dispositions
(20)
(19)
(15)
(10)
(283)
Gain on consolidation of business
—)
—)
(423)
—)
—)
Other
16)
132)
(186)
(163)
117)
Accounts and notes receivable
(2,308)
1,320)
(1,182)
(1,258)
2,129)
Inventories
(204)
(202)
(176)
216)
(144)
Prepaid expenses and other current assets
(14)
(113)
104)
(147)
324)
Accounts payable
1,941)
(1,546)
1,153)
1,579)
(2,300)
Taxes and other accruals
(245)
268)
163)
111)
(230)
Working capital adjustments
(830)
(273)
62)
501)
(221)
Adjustments to reconcile net income to net cash provided by operating activities
1,431)
1,700)
(1,600)
1,319)
1,433)
Net cash provided by operating activities
4,808)
7,573)
3,648)
2,963)
5,713)
Capital expenditures and investments
(3,873)
(2,639)
(1,832)
(2,844)
(5,764)
Proceeds from asset dispositions, includes return of investments in equity affiliates
157)
57)
86)
156)
70)
Advances/loans, related parties
(98)
(1)
(10)
(432)
(50)
Collection of advances/loans, related parties
95)
—)
326)
108)
50)
Restricted cash received from consolidation of business
—)
—)
318)
—)
—)
Other
31)
112)
(34)
(146)
(44)
Net cash used in investing activities
(3,688)
(2,471)
(1,146)
(3,158)
(5,738)
Issuance of debt
1,783)
2,184)
3,508)
2,090)
1,169)
Repayment of debt
(1,307)
(1,144)
(3,678)
(833)
(926)
Issuance of common stock
32)
39)
35)
34)
31)
Repurchase of common stock
(1,650)
(4,645)
(1,590)
(1,042)
(1,512)
Dividends paid on common stock
(1,570)
(1,436)
(1,395)
(1,282)
(1,172)
Distributions to noncontrolling interests
(241)
(207)
(120)
(75)
(46)
Net proceeds from issuance of Phillips 66 Partners LP common and preferred units
173)
128)
1,205)
972)
384)
Other
269)
(86)
(76)
(42)
(45)
Net cash used in financing activities
(2,511)
(5,167)
(2,111)
(178)
(2,117)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(14)
(35)
17)
10)
9)
Net change in cash, cash equivalents and restricted cash
(1,405)
(100)
408)
(363)
(2,133)
Cash, cash equivalents and restricted cash at beginning of year
3,019)
3,119)
2,711)
3,074)
5,207)
Cash, cash equivalents and restricted cash at end of year
