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.

Pioneer Natural Resources Co., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss)	4,894)	7,845)	2,118)	(200)	756)
Depletion, depreciation and amortization	2,862)	2,530)	2,498)	1,639)	1,711)
Exploration expenses	2)	7)	4)	11)	8)
Deferred income taxes	506)	1,807)	583)	(52)	236)
(Gain) loss on disposition of assets, net	(24)	(106)	1,067)	(9)	477)
Loss on early extinguishment of debt, net	—)	39)	2)	27)	—)
Accretion of discount on asset retirement obligations	16)	15)	7)	9)	10)
Interest expense	11)	10)	10)	51)	9)
Derivative-related activity	(12)	(96)	(451)	325)	13)
Amortization of share-based compensation	193)	78)	106)	72)	100)
Investment valuation adjustments	33)	(54)	(1)	64)	(15)
South Texas contingent consideration valuation adjustment	—)	—)	—)	42)	45)
Other	136)	126)	153)	208)	143)
Accounts receivable	259)	(171)	(607)	309)	(227)
Inventories	(57)	(59)	(125)	(20)	(20)
Other assets	(50)	(277)	(21)	24)	(33)
Accounts payable	(250)	(274)	1,059)	(179)	(7)
Interest payable	15)	(20)	(53)	(19)	—)
Income taxes payable	(23)	18)	41)	1)	(1)
Other liabilities	(63)	(70)	(331)	(220)	(90)
Changes in operating assets and liabilities, net of effects of acquisitions	(169)	(853)	(37)	(104)	(378)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	3,554)	3,503)	3,941)	2,283)	2,359)
Net cash provided by operating activities	8,448)	11,348)	6,059)	2,083)	3,115)
Proceeds from disposition of assets	35)	367)	3,244)	60)	149)
Proceeds from short-term investments	—)	1,100)	—)	—)	624)
Purchases of short-term investments, net	—)	(1,020)	—)	(1)	—)
Cash used in acquisitions, net of cash acquired	—)	—)	(826)	—)	—)
Additions to oil and gas properties	(4,571)	(3,920)	(3,169)	(1,602)	(2,988)
Additions to other assets and other property and equipment	(177)	(113)	(118)	(125)	(232)
Net cash used in investing activities	(4,713)	(3,586)	(869)	(1,668)	(2,447)
Proceeds from issuance of debt, net of discount	2,649)	—)	3,897)	1,891)	—)
Proceeds from issuance of convertible senior notes	—)	—)	—)	1,323)	—)
Purchase of derivatives related to issuance of convertible senior notes	—)	—)	—)	(113)	—)
Repayment of debt	(3,290)	(2,576)	(4,658)	(1,998)	—)
Proceeds from capped call on convertible notes	132)	103)	—)	—)	—)
Payments of other liabilities	(19)	(192)	(164)	(173)	(14)
Payments of financing fees	(7)	—)	(32)	(36)	—)
Purchases of treasury stock	(701)	(1,687)	(269)	(176)	(653)
Exercise of stock options and employee stock purchases	8)	7)	13)	9)	6)
Dividends paid	(3,299)	(6,269)	(1,594)	(346)	(127)
Net cash provided by (used in) financing activities	(4,527)	(10,614)	(2,807)	381)	(788)
Net increase (decrease) in cash, cash equivalents and restricted cash	(792)	(2,852)	2,383)	796)	(120)
Cash, cash equivalents and restricted cash, beginning of period	1,032)	3,884)	1,501)	705)	825)
Cash, cash equivalents and restricted cash, end of period	240)	1,032)	3,884)	1,501)	705)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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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.	Pioneer Natural Resources Co. net cash provided by operating activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 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.	Pioneer Natural Resources Co. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
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.	Pioneer Natural Resources Co. net cash provided by (used in) financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Pioneer Natural Resources Co. (NYSE:PXD)

Cash Flow Statement