Stock Analysis on Net

Marathon Petroleum Corp. (NYSE:MPC)

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.

Marathon Petroleum Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (loss) 1,015 1,955 1,312 1,877 3,631 2,580 3,084 3,641 5,020 6,217 1,172 1,105 1,030 8,802 64 574 (609) 276 (10,218) 262 1,367 1,367 259
Amortization of deferred financing costs and debt discount (5) (15) (24) (27) (24) (17) (10) 5 12 14 19 20 18 19 22 20 19 16 14 14 10 9
Impairment expense 146 433 25 7,822 1,197
Depreciation and amortization 846 838 827 828 845 834 800 797 794 819 805 813 836 871 844 849 830 833 863 978 855 886 919
LCM inventory valuation adjustment (1,185) (530) (1,470) 3,185
Pension and other postretirement benefits, net (48) 33 33 19 (235) 11 14 37 18 82 35 36 (501) 124 (158) 48 70 47 55 46 (196) 34 52
Deferred income taxes (37) (60) (35) 36 (86) 27 (5) 252 130 (40) (52) 6 (126) (73) 24 522 (234) 162 (691) 251 412 233 127
Net (gain) loss on disposal of assets 2 1 (20) (91) (110) (13) (3) 11 (1,051) (39) 18 (18) (3) (64) (1) (2) (3) (85) (4) (4) (214)
(Income) loss from equity method investments (219) (373) (204) (195) (215) (199) (133) (186) (180) (147) (142) (152) (122) (93) (91) (102) (117) (79) 1,233 (64) (124) (107) (99)
Distributions from equity method investments 328 292 262 255 257 246 183 228 208 176 160 186 163 161 142 149 153 128 147 189 163 162 148
Income from discontinued operations (72) (8,214) (234) (324) (371) (192) (318)
Changes in income tax receivable (319) 408 (432) 478 (413) (153) 24 (13) 1,554 515 (34) 54 (635) (22) 185 (1,335)
Changes in the fair value of derivative instruments 37 (27) 37 30 (48) (7) 95 1 21 (98) (71) 27 (10) 42 (43) 8 14 70 (47) 26 (7) (56) 29
Current receivables 2,143 882 (964) 896 (2,162) (112) 3,350 56 3,911 (1,655) (4,627) (1,534) 182 (2,224) (1,723) (863) (767) 1,239 1,856 (409) 135 (713) (1,037)
Inventories (107) (19) (462) 824 (605) 733 (1,441) 1,008 1,184 (1,556) (1,423) 1,173 (326) (472) (408) 585 750 812 (397) (548) (558) 744 (4)
Current liabilities and other current assets (2,250) (295) 999 (2,881) 3,426 239 (2,100) (1,136) (7,061) 3,389 6,717 1,590 193 2,656 1,821 1,091 1,170 (1,813) (3,375) 560 645 (186) 1,483
Right of use assets and operating lease liabilities, net (2) 1 (4) (2) 1 (2) (1) (1) 2 (2) 1 (1) 5 (17) (2) 6 (6) (6) 11 10 (1)
Changes in operating assets and liabilities, net of effects of businesses acquired (216) 568 (426) (1,165) 657 861 (193) (73) (1,967) 178 669 1,227 50 (41) (305) 796 1,151 244 (1,922) (403) 233 (145) 441
All other, net (19) 30 (230) (125) (127) 93 (253) 68 (338) (190) (87) 34 (108) (28) (51) 146 93 (47) (1) (2) 78 243 (39)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 669 1,287 220 (754) 1,322 1,404 973 655 (2,506) 779 1,341 3,733 715 (7,266) 201 374 1,488 (80) 9,002 2,147 1,420 1,255 1,364
Net cash provided by (used in) operating activities 1,684 3,242 1,532 1,123 4,953 3,984 4,057 4,296 2,514 6,996 2,513 4,838 1,745 1,536 265 948 879 196 (1,216) 2,409 2,787 2,622 1,623
Additions to property, plant and equipment (651) (487) (585) (532) (420) (481) (457) (726) (701) (498) (495) (481) (377) (302) (304) (457) (634) (745) (951) (1,551) (1,404) (1,178) (1,241)
Acquisitions, net of cash acquired (622) (246) (339) (74) (135) 5 1
Disposal of assets 2 1 1 3 9 21 3 11 7 65 7 55 17 5 76 77 15 10 48 83 11 9 24
Investments, acquisitions and contributions (271) (54) (125) (118) (66) (89) (207) (190) (55) (48) (112) (60) (37) (62) (51) (49) (53) (214) (169) (272) (197) (270) (325)
Investments, redemptions, repayments, return of capital and sales proceeds 7 134 5 270 4 511 36 2 1 15 4 41 77 23 17 56 2
Purchases of short-term investments (20) (1,268) (1,661) (1,485) (2,414) (2,611) (2,112) (2,288) (1,154) (2,217) (364) (3,041) (4,040) (5,417)
Sales of short-term investments 2,100 2 193 208 291 952 631 156 65 61 1,014 1,089 455
Maturities of short-term investments 861 1,638 1,885 1,147 1,670 1,069 1,162 2,763 1,585 1,368 1,443 3,754 1,652
All other, net 6 51 90 54 225 259 164 111 243 255 215 132 161 122 98 44 9 10 31 13 18 19
Net cash (used in) provided by investing activities 2,034 17 (824) (964) (435) (880) (816) (498) 501 (1,088) 1,708 1,448 (2,133) (5,652) (180) (370) (668) (899) (985) (1,686) (1,695) (1,360) (1,520)
Commercial paper, issued 1,365 6,049 2,055
Commercial paper, repayments (3,081) (5,356) (1,031)
Long-term debt, borrowings 1 1,630 1,589 994 2,385 1,175 200 3,990 6,785 3,870 3,540 5,422 4,250 500 5,810 5,360 2,604
Long-term debt, repayments (773) (21) (17) (17) (19) (22) (1,021) (22) (1,021) (19) (1,218) (3,126) (1,218) (6,443) (6,613) (5,236) (3,756) (4,867) (1,521) (519) (5,438) (5,085) (2,031)
Debt issuance costs (1) (14) (15) (23) (16) (2) (24) (24) (22)
Issuance of common stock 8 11 2 33 10 17 59 17 71 96 35 18 30 23 5 2 4 4 3 1 2
Common stock repurchased (2,701) (2,896) (2,218) (2,505) (2,819) (3,068) (3,180) (1,837) (3,908) (3,331) (2,846) (2,742) (928) (984) (65) (500) (500) (885)
Dividends paid (273) (290) (299) (311) (297) (316) (337) (351) (285) (313) (330) (354) (370) (381) (379) (377) (378) (378) (377) (344) (348) (352) (354)
Distributions to noncontrolling interests (333) (335) (337) (338) (308) (306) (329) (306) (309) (288) (311) (526) (310) (293) (320) (303) (321) (300) (320) (295) (310) (315) (325)
Contributions from noncontrolling interests 2 95
Repurchases of noncontrolling interests (76) (75) (75) (176) (180) (35) (100) (165) (155) (155) (155) (33)
Redemption of noncontrolling interests, preferred units (600)
All other, net (1) (42) (1) (18) (31) (3) (17) (24) 1 (18) (18) (5) (10) (5) (15) (5) (8) (30) (26)
Net cash provided by (used in) financing activities (4,157) (1,993) (2,977) (3,169) (3,411) (3,720) (3,907) (2,636) (4,715) (3,932) (2,364) (5,703) (2,762) (5,970) 16 (1,057) (949) (150) 2,021 (722) (813) (921) (920)
Cash provided by (used in) operating activities, discontinued operations 86 (44) (1,164) (2,893) (156) 189 380 442 342 448
Cash (used in) provided by investing activities, discontinued operations 79 21,322 (87) (63) (79) (90) (103)
Net cash provided by (used in) discontinued operations 86 (44) (1,164) (2,814) 21,166 102 317 363 252 345
Net change in cash, cash equivalents and restricted cash (439) 1,266 (2,269) (3,010) 1,107 (616) (666) 1,248 (1,700) 1,932 1,857 (581) (5,964) 11,080 203 (162) (375) (601) 165 1 279 341 (817)

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).

Cash flow statement item Description The company
Net cash provided by (used in) 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. Marathon Petroleum Corp. net cash provided by (used in) operating activities increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Net cash (used in) provided by 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. Marathon Petroleum Corp. net cash (used in) provided by investing activities increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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. Marathon Petroleum Corp. net cash provided by (used in) financing activities increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.