Stock Analysis on Net

Phillips 66 (NYSE:PSX)

This company has been moved to the archive! The financial data has not been updated since February 21, 2020.

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.

Phillips 66, consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Net income 810 793 1,504 270 2,316 1,568 1,404 585 3,255 849 581 563 194 536 516 398 666 1,592 1,025 997
Depreciation and amortization 340 336 334 331 337 346 337 336 346 337 320 315 305 293 290 280 281 270 274 253
Impairments 5 853 2 1 1 1 6 6 1 15 2 1 2 2 4 1 2
Accretion on discounted liabilities 6 6 5 6 6 5 6 6 6 5 6 5 6 5 5 5 5 5 6 5
Deferred income taxes 68 (138) 74 179 23 100 28 101 (2,670) 27 264 493 145 276 37 154 654 (44) (75) (6)
Undistributed equity earnings (118) 19 (139) 95 110 125 (133) 119 27 (291) (40) (212) (43) (257) (349) (166) 168 (308) 662 (337)
Net gain on dispositions (1) (18) (1) (1) (1) (17) (14) (1) (1) (3) (6) (22) (139) (122)
Gain on consolidation of business (423)
Other 113 (38) (101) 42 14 (79) 24 173 48 (332) 92 6 29 (308) 65 51 47 (24) 4 90
Accounts and notes receivable (1,399) (375) 636 (1,170) 1,798 (782) (1,062) 1,366 (1,149) (757) 103 621 (1,443) 571 (910) 524 (29) 1,240 (766) 1,684
Inventories 1,800 (455) 241 (1,790) 1,976 (641) (207) (1,330) 1,052 (181) 175 (1,222) 726 26 84 (620) 903 (300) 87 (834)
Prepaid expenses and other current assets 255 (87) 256 (438) 396 (252) (206) (51) 210 (123) 108 (91) 306 51 (194) (310) 159 105 190 (130)
Accounts payable 163 410 (1,098) 2,466 (2,826) (31) 1,863 (552) 689 772 188 (496) 554 (487) 1,414 98 (1,164) (1,530) 743 (349)
Taxes and other accruals (348) 356 216 (469) (11) 223 304 (248) 111 94 67 (109) (112) 178 201 (156) (197) 452 (586) 101
Working capital adjustments 471 (151) 251 (1,401) 1,333 (1,483) 692 (815) 913 (195) 641 (1,297) 31 339 595 (464) (328) (33) (332) 472
Adjustments to reconcile net income to net cash provided by (used in) operating activities 884 869 426 (748) 1,823 (986) 960 (97) (1,324) (448) 1,284 (1,112) 473 347 639 (140) 831 (155) 402 355
Net cash provided by (used in) operating activities 1,694 1,662 1,930 (478) 4,139 582 2,364 488 1,931 401 1,865 (549) 667 883 1,155 258 1,497 1,437 1,427 1,352
Capital expenditures and investments (1,278) (867) (631) (1,097) (994) (779) (538) (328) (537) (367) (458) (470) (813) (661) (620) (750) (2,478) (992) (1,213) (1,081)
Proceeds from asset dispositions, includes return of investments in equity affiliates 18 21 15 103 18 10 12 17 21 14 42 9 (3) 144 10 5 2 73 4 (9)
Advances/loans, related parties (3) (95) (1) (1) (9) (166) (84) (107) (75) (50)
Collection of advances/loans, related parties 95 1 325 1 107 50
Restricted cash received from consolidation of business 318
Other 7 42 (18) 45 50 62 (45) 46 (19) (37) (24) (14) (57) (33) (42) (46) (45) (55) 102
Net cash (used in) provided by investing activities (1,256) (846) (574) (1,012) (931) (719) (464) (357) (470) (381) (453) 158 (995) (551) (750) (862) (2,522) (964) (1,214) (1,038)
Issuance of debt 25 898 135 725 590 85 1,509 425 480 1,891 712 1,690 250 100 50 1,169
Repayment of debt (303) (407) (5) (592) (770) (114) (253) (7) (517) (251) (2,137) (773) (415) (252) (66) (100) (8) (14) (9) (895)
Issuance of common stock 17 6 1 8 9 20 10 12 17 2 4 20 5 5 4 8 (2) (25)
Repurchase of common stock (412) (439) (455) (344) (497) (405) (230) (3,513) (463) (461) (381) (285) (230) (179) (242) (391) (406) (373) (334) (399)
Dividends paid on common stock (398) (402) (406) (364) (367) (370) (372) (327) (353) (356) (360) (326) (328) (329) (329) (296) (298) (300) (302) (272)
Distributions to noncontrolling interests (65) (59) (61) (56) (61) (50) (51) (45) (37) (29) (30) (24) (30) (17) (17) (11) (16) (10) (14) (6)
Net proceeds from issuance of Phillips 66 Partners LP common units 40 91 10 32 14 47 58 9 1,034 131 40 303 669 384
Other (13) (19) (6) 307 (7) (21) (13) (45) (10) (12) (20) (34) (4) (11) 12 (39) 3 16 (14)
Net cash used in financing activities (1,109) (331) (787) (284) (1,098) (819) (841) (2,409) 91 (612) (904) (686) 703 (230) 132 (783) (717) (699) (643) (58)
Effect of exchange rate changes on cash and cash equivalents 17 (36) (3) 8 (15) (4) (17) 1 20 (22) 17 2 (1) 3 (28) 36 (6) (41) 129 (73)
Net change in cash and cash equivalents (654) 449 566 (1,766) 2,095 (960) 1,042 (2,277) 1,572 (614) 525 (1,075) 374 105 509 (1,351) (1,748) (267) (301) 183

Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

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. Phillips 66 net cash provided by (used in) operating activities decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.
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. Phillips 66 net cash (used in) provided by investing activities decreased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
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. Phillips 66 net cash used in financing activities increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019.