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: 2020 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 16, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 18,784 | 32,567 | 36,417 |
| Equity in earnings of affiliates | 432 | 779 | 1,074 |
| Gain on dispositions | 549 | 1,966 | 1,063 |
| Other income (loss) | (509) | 1,358 | 173 |
| Total Revenues and Other Income | 19,256 | 36,670 | 38,727 |
| Cost and expenses [Abstract] | |||
| Purchased commodities | 8,078 | 11,842 | 14,294 |
| Production and operating expenses | 4,344 | 5,322 | 5,213 |
| Selling, general and administrative expenses | 430 | 556 | 401 |
| Exploration expenses | 1,457 | 743 | 369 |
| Depreciation, depletion and amortization | 5,521 | 6,090 | 5,956 |
| Impairments | 813 | 405 | 27 |
| Taxes other than income taxes | 754 | 953 | 1,048 |
| Accretion on discounted liabilities | 252 | 326 | 353 |
| Interest and debt expense | 806 | 778 | 735 |
| Foreign currency transaction (gains) losses | (72) | 66 | (17) |
| Other expenses | 13 | 65 | 375 |
| Total Costs and Expenses | 22,396 | 27,146 | 28,754 |
| Income (loss) before income taxes | (3,140) | 9,524 | 9,973 |
| Income tax provision (benefit) | (485) | 2,267 | 3,668 |
| Net income (loss) | (2,655) | 7,257 | 6,305 |
| Less: net income attributable to noncontrolling interests | (46) | (68) | (48) |
| Net income (loss) attributable to ConocoPhillips | (2,701) | 7,189 | 6,257 |
| Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Earnings Per Share, Basic | (2.51) | 6.43 | 5.36 |
| Earnings per Share, Diluted | (2.51) | 6.40 | 5.32 |
| Average Common Shares Outstanding (in thousands) | |||
| Basic | 1,078,030 | 1,117,260 | 1,166,499 |
| Diluted | 1,078,030 | 1,123,536 | 1,175,538 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2020 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 16, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Consolidated Statement of Comprehensive Income | |||
| Net income (loss) | $ (2,655) | 7,257 | 6,305 |
| Other comprehensive income (loss): | |||
| Defined benefit plans | |||
| Prior service (cost) credit arising during the period | 29 | 0 | (7) |
| Reclassification adjustment for amortization of prior service credit included in net income (loss) | (32) | (35) | (40) |
| Net change during the period | (3) | (35) | (47) |
| Net actuarial loss arising during the period | (210) | (55) | (150) |
| Reclassification adjustment for amortization of prior service credit included in net income (loss) | 117 | 146 | 279 |
| Net change | (93) | 91 | 129 |
| Nonsponsored plans | 1 [1] | (3) | (1) |
| Income taxes on defined benefit plans | 20 | (2) | (42) |
| Defined benefit plans, net of tax | (75) | 51 | 39 |
| Unrealized holding gain on securities | 2 | 0 | 0 |
| Unrealized gain on securities, net of tax | 2 | 0 | 0 |
| Foreign currency translation adjustments | 209 | 699 | (645) |
| Income taxes on foreign currency translation adjustments | 3 | (4) | 3 |
| Foreign currency translation adjustments, net of tax | 212 | 695 | (642) |
| Other comprehensive income (loss), net of tax | 139 | 746 | (603) |
| Comprehensive income (loss) | (2,516) | 8,003 | 5,702 |
| Less: comprehensive income attributable to noncontrolling interests | (46) | (68) | (48) |
| Comprehensive Income (Loss) Attributable to ConocoPhillips | (2,562) | 7,935 | 5,654 |
| [1] Plans for which ConocoPhillips is not the primary obligorprimarily those administered by equity affiliates. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 16, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows From Operating Activities | |||
| Net income (loss) | $ (2,655) | 7,257 | 6,305 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 5,521 | 6,090 | 5,956 |
| Impairments | 813 | 405 | 27 |
| Dry hole costs and leasehold impairments related to exploration only | 1,083 | 421 | 95 |
| Accretion on discounted liabilities | 252 | 326 | 353 |
| Deferred taxes | (834) | (444) | 283 |
| Undistributed equity earnings | 645 | 594 | 152 |
| Gain on dispositions | (549) | (1,966) | (1,063) |
| Unrealized (gain) loss on investment in Cenovus Energy | 855 | (649) | 437 |
| Other | 43 | (351) | (246) |
| Working capital adjustments | |||
| Decrease in accounts and notes receivable | 521 | 505 | 235 |
| Decrease (increase) in inventories | (25) | (67) | 86 |
| Decrease (increase) in prepaid expenses and other current assets | 76 | 37 | (55) |
| Decrease in accounts payable | (249) | (378) | (52) |
| Increase (decrease) in taxes and other accruals | (695) | (676) | 421 |
| Net Cash Provided by Operating Activities | 4,802 | 11,104 | 12,934 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (4,715) | (6,636) | (6,750) |
| Working capital charges associated with investing activities | (155) | (103) | (68) |
| Proceeds from asset dispositions | 1,317 | 3,012 | 1,082 |
| Net Sales (Purchases) of Investments | (658) | (2,910) | 1,620 |
| Collections of advances/loans - related parties | 116 | 127 | 119 |
| Other | (26) | (108) | 154 |
| Net Cash Used in Investing Activities | (4,121) | (6,618) | (3,843) |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 300 | 0 | 0 |
| Repayment of debt | (254) | (80) | (4,995) |
| Issuance of company common stock | (5) | (30) | 121 |
| Repurchase of company common stock | (892) | (3,500) | (2,999) |
| Dividends paid | (1,831) | (1,500) | (1,363) |
| Other | (26) | (119) | (123) |
| Net Cash Provided by (Used in) Financing Activities | (2,708) | (5,229) | (9,359) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash | (20) | (46) | (117) |
| Net Change in Cash and Cash Equivalents and Restricted Cash Increase (Decrease) | (2,047) | (789) | (385) |
| Cash and Cash Equivalents and Restricted Cash at beginning of period | 5,362 | 6,151 | |
| Cash and Cash Equivalents and Restricted Cash at end of period | 3,315 | 5,362 | 6,151 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2020 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 16, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 2,991 | 5,088 |
| Short-term Investments | 3,609 | 3,028 |
| Accounts and notes receivable (net of allowance of $4 and $13, respectively) | 2,634 | 3,267 |
| Accounts and notes receivable-related parties | 120 | 134 |
| Investment in Cenovus Energy | 1,256 | 2,111 |
| Inventories | 1,002 | 1,026 |
| Prepaid expenses and other current assets | 454 | 2,259 |
| Total Current Assets | 12,066 | 16,913 |
| Investments and long-term receivables | 8,017 | 8,687 |
| Loans and advances-related parties | 114 | 219 |
| Net properties, plants and equipment (net of accumulated DD&A of $62,213 and $55,477, respectively) | 39,893 | 42,269 |
| Other assets | 2,528 | 2,426 |
| Total Assets | 62,618 | 70,514 |
| Liabilities | ||
| Accounts payable | 2,669 | 3,176 |
| Accounts payable-related parties | 29 | 24 |
| Short-term debt | 619 | 105 |
| Accrued income and other taxes | 320 | 1,030 |
| Employee benefit obligations | 608 | 663 |
| Other accruals | 1,121 | 2,045 |
| Total Current Liabilities | 5,366 | 7,043 |
| Long-term debt | 14,750 | 14,790 |
| Long-term asset retirement obligations and accrued environmental costs | 5,430 | 5,352 |
| Deferred taxes Included in long-term liabilities | 3,747 | 4,634 |
| Employee benefit obligations | 1,697 | 1,781 |
| Other liabilities and deferred credits | 1,779 | 1,864 |
| Total Liabilities | 32,769 | 35,464 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2020 - 1,798,844,267 shares; 2019 - 1,795,652,203 shares) | 18 | 18 |
| Capital in excess of par | 47,133 | 46,983 |
| Treasury stock (at cost: 2020 - 730,802,089 shares; 2019 - 710,783,814 shares) | (47,297) | (46,405) |
| Accumulated other comprehensive income (loss) | (5,218) | (5,357) |
| Retained earnings | 35,213 | 39,742 |
| Total Common Stockholders' Equity | 29,849 | 34,981 |
| Noncontrolling interests | 0 | 69 |
| Total Equity | 29,849 | 35,050 |
| Total Liabilities and Equity | 62,618 | 70,514 |
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2020 | |
| 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 |