10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2018 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues and Other Income | |||
| Revenue from contracts with customers | $ 36,417 | 29,106 | 23,693 |
| Equity in earnings of affiliates | 1,074 | 772 | 52 |
| Gain on dispositions | 1,063 | 2,177 | 360 |
| Other Income | 173 | 529 | 255 |
| Total Revenues and Other Income | 38,727 | 32,584 | 24,360 |
| Cost and expenses [Abstract] | |||
| Purchased commodities | 14,294 | 12,475 | 9,994 |
| Production and operating expenses | 5,213 | 5,162 [1] | 5,643 |
| Selling, general and administrative expenses | 401 | 427 | 473 |
| Exploration expenses | 369 | 934 | 1,912 |
| Depreciation, depletion and amortization | 5,956 | 6,845 | 9,062 |
| Impairments | 27 | 6,601 | 139 |
| Taxes other than income taxes | 1,048 | 809 | 739 |
| Accretion on discounted liabilities | 353 | 362 | 425 |
| Interest and debt expense | 735 | 1,098 | 1,245 |
| Foreign currency transaction (gains) losses | (17) | 35 | (19) |
| Other Expense | 375 | 451 | 277 |
| Total Costs and Expenses | 28,754 | 35,199 | 29,890 |
| Income (loss) before income taxes | 9,973 | (2,615) | (5,530) |
| Income Tax Expense (Benefit) | 3,668 | (1,822) | (1,971) |
| Net income (loss) | 6,305 | (793) | (3,559) |
| Less: net income attributable to noncontrolling interests | (48) | (62) | (56) |
| Net income (loss) attributable to ConocoPhillips | 6,257 | (855) | (3,615) |
| Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Earnings Per Share, Basic | 5.36 | (0.70) | (2.91) |
| Earnings per Share, Diluted | 5.32 | (0.70) | (2.91) |
| Average Common Shares Outstanding (in thousands) | |||
| Basic | 1,166,499 | 1,221,038 | 1,245,440 |
| Diluted | 1,175,538 | 1,221,038 | 1,245,440 |
| [1] *Certain amounts have been reclassified to conform to the current-period presentation resulting from the adoption of ASU No. 2017-07. See Note 2Changes in Accounting Principles, for additional information. See Notes to Consolidated Financial Statements. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2018 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Consolidated Statement of Comprehensive Income | |||
| Net income (loss) | $ 6,305 | (793) | (3,559) |
| Other comprehensive income (loss): | |||
| Defined benefit plans | |||
| Prior service (cost) credit arising during the period | (7) | 2 | 23 |
| Amortization of prior service cost (credit) included in income | (40) | (38) | (35) |
| Net change during the period | (47) | (36) | (12) |
| Net actuarial gain (loss) arising during the period | (150) | 19 | (481) |
| Reclassification adjustment for amortization of prior service credit included in net income (loss) | 279 | 247 | 309 |
| Net change during the period | 129 | 266 | (172) |
| Nonsponsored plans | (1) [1] | (2) | 2 |
| Income taxes on defined benefit plans | (42) | (81) | 78 |
| Defined benefit plans, net of tax | 39 | 147 | (104) |
| Unrealized holding gain on securities, before and after tax | (58) | ||
| OCI Unrealized loss on securities, net of tax | 0 | (58) [2] | 0 |
| Foreign currency translation adjustments | (645) | 586 | 153 |
| Reclassification adjustment for gain included in net income (loss) | 0 | 0 | 5 |
| Income taxes on foreign currency translation adjustments | 3 | 0 | 0 |
| Foreign currency translation adjustments, net of tax | (642) | 586 | 158 |
| Other comprehensive income (loss), net of tax | (603) | 675 | 54 |
| Comprehensive income (loss) | 5,702 | (118) | (3,505) |
| Less: comprehensive income attributable to noncontrolling interests | (48) | (62) | (56) |
| Comprehensive Income (Loss) Attributable to ConocoPhillips | 5,654 | (180) [3] | (3,561) |
| [1] Plans for which ConocoPhillips is not the primary obligorprimarily those administered by equity affiliates. | |||
| [2] **See Note 2Changes in Accounting Principles and Note 20Accumulated Other Comprehensive Loss, for additional information relating to the adoption of ASU No. 2016-01. | |||
| [3] See Notes to Consolidated Financial Statements. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows From Operating Activities | |||
| Net income (loss) | $ 6,305 | (793) | (3,559) |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 5,956 | 6,845 | 9,062 |
| Impairments | 27 | 6,601 | 139 |
| Dry hole costs and leasehold impairments | 95 | 566 | 1,184 |
| Accretion on discounted liabilities | 353 | 362 | 425 |
| Deferred taxes | 283 | (3,681) | (2,221) |
| Undistributed equity earnings | 152 | (232) | 299 |
| Gain on dispositions | (1,063) | (2,177) | (360) |
| Other | 191 | (429) | (85) |
| Working capital adjustments | |||
| Decrease (increase) in accounts and notes receivable | 235 | (886) | 820 |
| Decrease (increase) in inventories | 86 | (55) | 44 |
| Decrease (increase) in prepaid expenses and other current assets | (55) | 69 | 105 |
| Increase (decrease) in accounts payable | (52) | 265 | (524) |
| Increase (decrease) in taxes and other accruals | 421 | 622 | (926) |
| Net Cash Provided by Operating Activities | 12,934 | 7,077 | 4,403 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (6,750) | (4,591) | (4,869) |
| Increase (Decrease) In Capital Accrual Associated With Investing Activities | (68) | 132 | (331) |
| Proceeds from asset dispositions | 1,082 | 13,860 | 1,286 |
| Net Sales (Purchases) of Short-Term Investments | 1,620 | (1,790) | (51) |
| Long-term advances/loans-related parties | 0 | 0 | |
| Proceeds from Collection of Long-term Loans to Related Parties | 119 | 115 | 108 |
| Other | 154 | 36 | (2) |
| Net Cash Provided by (Used in) Investing Activities | (3,843) | 7,762 | (3,859) |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 0 | 0 | 4,594 |
| Repayment of debt | (4,995) | (7,876) | (2,251) |
| Change in restricted cash | 0 | 0 | 0 |
| Issuance of company common stock | 121 | (63) | (63) |
| Repurchase of company common stock | (2,999) | (3,000) | (126) |
| Dividends paid | (1,363) | (1,305) | (1,253) |
| Other | (123) | (112) | (137) |
| Net Cash Provided by (Used in) Financing Activities | (9,359) | (12,356) | 764 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash | (117) | 232 | (66) |
| Net Change in Cash and Cash Equivalents and Restricted Cash Increase (Decrease) | (385) | 2,715 | 1,242 |
| Cash and Cash Equivalents and Restricted Cash at beginning of period | 6,325 | 3,610 | 2,368 |
| Cash and Cash Equivalents and Restricted Cash at end of period | 6,151 | 6,325 | 3,610 |
| Restricted Cash | 236 | ||
| Restatement | |||
| Restatement Adjustment | |||
| Cash and Cash Equivalents and Restricted Cash at beginning of period | 6,536 [1] | 6,536 [1] | |
| Cash and Cash Equivalents and Restricted Cash at end of period | 6,536 [1] | 6,536 [1] | |
| Restricted Cash | 211 | ||
| [1] *Restated to include $211 million of restricted cash at January 1, 2018. See Note 2Changes in Accounting Principles for additional information relating to the adoption of ASU No. 2016-18. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2018 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 5,915 | 6,325 |
| Short-term Investments | 248 | 1,873 |
| Accounts and notes receivable (net of allowance of $25 million in 2018 and $4 million in 2017) | 3,920 | 4,179 |
| Accounts and notes receivable-related parties | 147 | 141 |
| Investment in Cenovus Energy | 1,462 | 1,899 |
| Inventories | 1,007 | 1,060 |
| Prepaid expenses and other current assets | 575 | 1,035 |
| Total Current Assets | 13,274 | 16,512 |
| Investments and long-term receivables | 9,329 | 9,599 |
| Loans and advances-related parties | 335 | 461 |
| Net properties, plants and equipment (net of accumulated depreciation, depletion and amortization of $64,899 million in 2018 and $64,748 million in 2017) | 45,698 | 45,683 |
| Other assets | 1,344 | 1,107 |
| Total Assets | 69,980 | 73,362 |
| Liabilities | ||
| Accounts payable | 3,863 | 4,009 |
| Accounts payable-related parties | 32 | 21 |
| Short-term debt | 112 | 2,575 |
| Accrued income and other taxes | 1,320 | 1,038 |
| Employee benefit obligations | 809 | 725 |
| Other accruals | 1,259 | 1,029 |
| Total Current Liabilities | 7,395 | 9,397 |
| Long-term debt | 14,856 | 17,128 |
| Long-term asset retirement obligations and accrued environmental costs | 7,688 | 7,631 |
| Deferred taxes Included in long-term liabilities | 5,021 | 5,282 |
| Employee benefit obligations | 1,764 | 1,854 |
| Other liabilities and deferred credits | 1,192 | 1,269 |
| Total Liabilities | 37,916 | 42,561 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $.01 par value) | 18 | 18 |
| Capital in excess of par | 46,879 | 46,622 |
| Treasury stock (at cost: shares; 2018-653,288,213 shares; 2017-608,312,034 shares) | (42,905) | (39,906) |
| Accumulated other comprehensive income (loss) | (6,063) | (5,518) |
| Retained earnings | 34,010 | 29,391 |
| Total Common Stockholders' Equity | 31,939 | 30,607 |
| Noncontrolling interests | 125 | 194 |
| Total Equity | 32,064 | 30,801 |
| Total Liabilities and Equity | 69,980 | 73,362 |
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |