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.

EOG Resources Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net income (loss)	2,734,910)	3,419,040)	2,582,579)	(1,096,686)	(4,524,515)
Depreciation, depletion and amortization	3,749,704)	3,435,408)	3,409,387)	3,553,417)	3,313,644)
Impairments	517,896)	347,021)	479,240)	620,267)	6,613,546)
Stock-based compensation expenses	174,738)	155,337)	133,849)	128,090)	130,577)
Deferred income taxes	631,658)	894,156)	(1,473,872)	(515,206)	(2,482,307)
(Gains) losses on asset dispositions, net	(123,613)	(174,562)	99,096)	(205,835)	8,798)
Other, net	4,496)	7,066)	6,546)	61,690)	11,896)
Items not requiring (providing) cash	4,954,879)	4,664,426)	2,654,246)	3,642,423)	7,596,154)
Dry hole costs	28,001)	5,405)	4,609)	10,657)	14,746)
Total (gains) losses	(180,275)	165,640)	(19,828)	99,608)	(61,924)
Net cash received from (payments for) settlements of commodity derivative contracts	231,229)	(258,906)	7,438)	(22,219)	730,114)
Mark-to-market commodity derivative contracts	50,954)	(93,266)	(12,390)	77,389)	668,190)
Excess tax benefits from stock-based compensation	—)	—)	—)	(29,357)	(26,058)
Other, net	962)	3,108)	1,204)	10,971)	12,532)
Accounts receivable	(91,792)	(368,180)	(392,131)	(232,799)	641,412)
Inventories	90,284)	(395,408)	(174,548)	170,694)	58,450)
Accounts payable	168,539)	439,347)	324,192)	(74,048)	(1,409,197)
Accrued taxes payable	40,122)	(92,461)	(63,937)	92,782)	11,798)
Other assets	358,001)	(125,435)	(658,609)	(40,636)	118,143)
Other liabilities	(56,619)	10,949)	(89,871)	(16,225)	(66,257)
Changes in components of working capital and other assets and liabilities	508,535)	(531,188)	(1,054,904)	(100,232)	(645,651)
Changes in components of working capital associated with investing and financing activities	(115,061)	301,083)	89,992)	(156,102)	499,767)
Net cash provided by operating activities	8,163,180)	7,768,608)	4,265,336)	2,359,063)	3,595,165)
Additions to oil and gas properties	(6,151,885)	(5,839,294)	(3,950,918)	(2,489,756)	(4,725,150)
Additions to other property, plant and equipment	(270,641)	(237,181)	(173,324)	(93,039)	(288,013)
Proceeds from sales of assets	140,292)	227,446)	226,768)	1,119,215)	192,807)
Net cash received from Yates transaction	—)	—)	—)	54,534)	—)
Other investing activities	(10,000)	(19,993)	—)	—)	—)
Changes in components of working capital associated with investing activities	115,061)	(301,140)	(89,935)	156,102)	(499,900)
Net cash used in investing activities	(6,177,173)	(6,170,162)	(3,987,409)	(1,252,944)	(5,320,256)
Net commercial paper borrowings (repayments)	—)	—)	—)	(259,718)	259,718)
Long-term debt borrowings	—)	—)	—)	991,097)	990,225)
Long-term debt repayments	(900,000)	(350,000)	(600,000)	(563,829)	(500,000)
Dividends paid	(588,200)	(438,045)	(386,531)	(372,845)	(367,005)
Excess tax benefits from stock-based compensation	—)	—)	—)	29,357)	26,058)
Treasury stock purchased	(25,152)	(63,456)	(63,408)	(82,125)	(48,791)
Proceeds from stock options exercised and employee stock purchase plan	17,946)	20,560)	20,840)	23,296)	22,690)
Debt issuance costs	(5,016)	—)	—)	(1,602)	(5,951)
Repayment of finance lease obligation	(12,899)	(8,219)	(6,555)	(6,353)	(6,156)
Changes in components of working capital associated with financing activities	—)	57)	(57)	—)	133)
Net cash provided by (used in) financing activities	(1,513,321)	(839,103)	(1,035,711)	(242,722)	370,921)
Effect of exchange rate changes on cash	(348)	(37,937)	(7,883)	17,992)	(14,537)
Increase (decrease) in cash and cash equivalents	472,338)	721,406)	(765,667)	881,389)	(1,368,707)
Cash and cash equivalents at beginning of year	1,555,634)	834,228)	1,599,895)	718,506)	2,087,213)
Cash and cash equivalents at end of year	2,027,972)	1,555,634)	834,228)	1,599,895)	718,506)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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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.	EOG Resources Inc. net cash provided by operating activities increased from 2017 to 2018 and from 2018 to 2019.
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.	EOG Resources Inc. net cash used in investing activities decreased from 2017 to 2018 and from 2018 to 2019.
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.	EOG Resources Inc. net cash provided by (used in) financing activities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

EOG Resources Inc. (NYSE:EOG)

Cash Flow Statement