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.

ConocoPhillips, consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income (loss)	9,245)	10,957)	18,680)	8,079)	(2,655)
Depreciation, depletion and amortization	9,599)	8,270)	7,504)	7,208)	5,521)
Impairments	80)	14)	(12)	674)	813)
Dry hole costs and leasehold impairments	46)	162)	340)	44)	1,083)
Accretion on discounted liabilities	325)	283)	250)	242)	252)
Deferred taxes	367)	1,145)	2,086)	1,346)	(834)
Distributions more (less) than income from equity affiliates	564)	964)	942)	446)	645)
Gain on dispositions	(51)	(228)	(1,077)	(486)	(549)
(Gain) loss on investment in Cenovus Energy	—)	—)	(251)	(1,040)	855)
Other	130)	(220)	86)	(788)	43)
(Increase) decrease in accounts and notes receivable	(262)	1,333)	(963)	(2,500)	521)
(Increase) decrease in inventories	(68)	(103)	(38)	(160)	(25)
(Increase) decrease in prepaid expenses and other current assets	79)	337)	(173)	(649)	76)
Increase (decrease) in accounts payable	(543)	(1,118)	901)	1,399)	(249)
Increase (decrease) in taxes and other accruals	613)	(1,831)	39)	3,181)	(695)
Working capital adjustments	(181)	(1,382)	(234)	1,271)	(372)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	10,879)	9,008)	9,634)	8,917)	7,457)
Net cash provided by operating activities	20,124)	19,965)	28,314)	16,996)	4,802)
Capital expenditures and investments	(12,118)	(11,248)	(10,159)	(5,324)	(4,715)
Working capital changes associated with investing activities	302)	30)	520)	134)	(155)
Acquisition of businesses, net of cash acquired	(24)	(2,724)	(60)	(8,290)	—)
Proceeds from asset dispositions	261)	632)	3,471)	1,653)	1,317)
Net (purchases) sales of investments	415)	1,373)	(2,629)	3,091)	(658)
Collection of advances/loans, related parties	—)	—)	114)	105)	116)
Other	14)	(63)	2)	87)	(26)
Net cash used in investing activities	(11,150)	(12,000)	(8,741)	(8,544)	(4,121)
Issuance of debt	5,591)	3,787)	2,897)	—)	300)
Repayment of debt	(4,981)	(1,379)	(6,267)	(505)	(254)
Issuance of company common stock	(78)	(52)	362)	145)	(5)
Repurchase of company common stock	(5,463)	(5,400)	(9,270)	(3,623)	(892)
Dividends paid	(3,646)	(5,583)	(5,726)	(2,359)	(1,831)
Other	(258)	(34)	(49)	7)	(26)
Net cash used in financing activities	(8,835)	(8,661)	(18,053)	(6,335)	(2,708)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(133)	(99)	(224)	(34)	(20)
Net change in cash, cash equivalents and restricted cash	6)	(795)	1,296)	2,083)	(2,047)
Cash, cash equivalents and restricted cash at beginning of period	5,899)	6,694)	5,398)	3,315)	5,362)
Cash, cash equivalents and restricted cash at end of period	5,905)	5,899)	6,694)	5,398)	3,315)

Based on: 10-K (reporting date: 2024-12-31), 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).

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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.	ConocoPhillips net cash provided by operating activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
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.	ConocoPhillips net cash used in investing activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
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.	ConocoPhillips net cash used in financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

ConocoPhillips (NYSE:COP)

Cash Flow Statement