10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2021 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 17, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 45,828 | 18,784 | 32,567 |
| Equity in earnings of affiliates | 832 | 432 | 779 |
| Gain on dispositions | 486 | 549 | 1,966 |
| Other income (loss) | 1,203 | (509) | 1,358 |
| Total Revenues and Other Income | 48,349 | 19,256 | 36,670 |
| Costs and Expenses | |||
| Purchased commodities | 18,158 | 8,078 | 11,842 |
| Production and operating expenses | 5,694 | 4,344 | 5,322 |
| Selling, general and administrative expenses | 719 | 430 | 556 |
| Exploration expenses | 344 | 1,457 | 743 |
| Depreciation, depletion and amortization | 7,208 | 5,521 | 6,090 |
| Impairments | 674 | 813 | 405 |
| Taxes other than income taxes | 1,634 | 754 | 953 |
| Accretion on discounted liabilities | 242 | 252 | 326 |
| Interest and debt expense | 884 | 806 | 778 |
| Foreign currency transaction (gains) losses | (22) | (72) | 66 |
| Other expenses | 102 | 13 | 65 |
| Total Costs and Expenses | 35,637 | 22,396 | 27,146 |
| Income (loss) before income taxes | 12,712 | (3,140) | 9,524 |
| Income tax provision (benefit) | 4,633 | (485) | 2,267 |
| Net income (loss) | 8,079 | (2,655) | 7,257 |
| Less: net income attributable to noncontrolling interests | 0 | (46) | (68) |
| Net Income (Loss) Attributable to ConocoPhillips | 8,079 | (2,701) | 7,189 |
| Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Basic | 6.09 | (2.51) | 6.43 |
| Diluted | 6.07 | (2.51) | 6.40 |
| Average Common Shares Outstanding (in thousands) | |||
| Basic | 1,324,194 | 1,078,030 | 1,117,260 |
| Diluted | 1,328,151 | 1,078,030 | 1,123,536 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2021 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 17, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net Income (Loss) | $ 8,079 | (2,655) | 7,257 |
| Other comprehensive income (loss) | |||
| Defined benefit plans | |||
| Prior service credit arising during the period | 0 | 29 | 0 |
| Reclassification adjustment for amortization of prior service credit included in net income (loss) | (38) | (32) | (35) |
| Net change | (38) | (3) | (35) |
| Net actuarial gain (loss) arising during the period | 357 | (210) | (55) |
| Reclassification adjustment for amortization of net actuarial losses included in net income (loss) | 178 | 117 | 146 |
| Net change | 535 | (93) | 91 |
| Nonsponsored plans | 5 [1] | 1 | (3) |
| Income taxes on defined benefit plans | (108) | 20 | (2) |
| Defined benefit plans, net of tax | 394 | (75) | 51 |
| Unrealized holding gain (loss) on securities | (2) | 2 | 0 |
| Reclassification adjustment for loss included in net income | (1) | 0 | 0 |
| Income taxes on unrealized holding loss on securities | 1 | 0 | 0 |
| Unrealized holding gain (loss) on securities, net of tax | (2) | 2 | 0 |
| Foreign currency translation adjustments | (124) | 209 | 699 |
| Income taxes on foreign currency translation adjustments | 0 | 3 | (4) |
| Foreign currency translation adjustments, net of tax | (124) | 212 | 695 |
| Other Comprehensive Income, Net of Tax | 268 | 139 | 746 |
| Comprehensive Income (Loss) | 8,347 | (2,516) | 8,003 |
| Less: comprehensive income attributable to noncontrolling interests | 0 | (46) | (68) |
| Comprehensive Income (Loss) Attributable to ConocoPhillips | 8,347 | (2,562) | 7,935 |
| [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: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 17, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows From Operating Activities | |||
| Net income | $ 8,079 | (2,655) | 7,257 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 7,208 | 5,521 | 6,090 |
| Impairments | 674 | 813 | 405 |
| Dry hole costs and leasehold impairments | 44 | 1,083 | 421 |
| Accretion on discounted liabilities | 242 | 252 | 326 |
| Deferred taxes | 1,346 | (834) | (444) |
| Undistributed equity earnings | 446 | 645 | 594 |
| Gain on dispositions | (486) | (549) | (1,966) |
| (Gain) loss on investment in CVE common shares | (1,040) | 855 | (649) |
| Other | (788) | 43 | (351) |
| Working capital adjustments | |||
| Decrease (increase) in accounts and notes receivable | (2,500) | 521 | 505 |
| Increase in inventories | (160) | (25) | (67) |
| Decrease (increase) in prepaid expenses and other current assets | (649) | 76 | 37 |
| Increase (decrease) in accounts payable | 1,399 | (249) | (378) |
| Increase (decrease) in taxes and other accruals | 3,181 | (695) | (676) |
| Net Cash Provided by Operating Activities | 16,996 | 4,802 | 11,104 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (5,324) | (4,715) | (6,636) |
| Working capital changes associated with investing activities | 134 | (155) | (103) |
| Acquisition of businesses, net of cash acquired | (8,290) | 0 | 0 |
| Proceeds from asset dispositions | 1,653 | 1,317 | 3,012 |
| Net sales (purchases) of investments | 3,091 | (658) | (2,910) |
| Collection of advances/loans-related parties | 105 | 116 | 127 |
| Other | 87 | (26) | (108) |
| Net Cash Used in Investing Activities | (8,544) | (4,121) | (6,618) |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 0 | 300 | 0 |
| Repayment of debt | (505) | (254) | (80) |
| Issuance of company common stock | 145 | (5) | (30) |
| Repurchase of company common stock | (3,623) | (892) | (3,500) |
| Dividends paid | (2,359) | (1,831) | (1,500) |
| Other | 7 | (26) | (119) |
| Net Cash Used in Financing Activities | (6,335) | (2,708) | (5,229) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (34) | (20) | (46) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 2,083 | (2,047) | (789) |
| Cash, cash equivalents and restricted cash at beginning of period | 3,315 | 5,362 | |
| Cash, Cash Equivalents and Restricted Cash at End of Period | 5,398 | 3,315 | 5,362 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2021 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 17, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 5,028 | 2,991 |
| Short-term investments | 446 | 3,609 |
| Accounts and notes receivable (net of allowance of $2 and $4, respectively) | 6,543 | 2,634 |
| Accounts and notes receivable-related parties | 127 | 120 |
| Investment in Cenovus Energy | 1,117 | 1,256 |
| Inventories | 1,208 | 1,002 |
| Prepaid expenses and other current assets | 1,581 | 454 |
| Total Current Assets | 16,050 | 12,066 |
| Investments and long-term receivables | 7,113 | 8,017 |
| Loans and advances-related parties | 0 | 114 |
| Net properties, plants and equipment (net of accumulated DD&A of $64,735 and $62,213, respectively) | 64,911 | 39,893 |
| Other assets | 2,587 | 2,528 |
| Total Assets | 90,661 | 62,618 |
| Liabilities | ||
| Accounts payable | 5,002 | 2,669 |
| Accounts payable-related parties | 23 | 29 |
| Short-term debt | 1,200 | 619 |
| Accrued income and other taxes | 2,862 | 320 |
| Employee benefit obligations | 755 | 608 |
| Other accruals | 2,179 | 1,121 |
| Total Current Liabilities | 12,021 | 5,366 |
| Long-term debt | 18,734 | 14,750 |
| Asset retirement obligations and accrued environmental costs | 5,754 | 5,430 |
| Deferred income taxes | 6,179 | 3,747 |
| Employee benefit obligations | 1,153 | 1,697 |
| Other liabilities and deferred credits | 1,414 | 1,779 |
| Total Liabilities | 45,255 | 32,769 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2021-2,091,562,747 shares; 2020-1,798,844,267 shares) Par value | 21 | 18 |
| Capital in excess of par | 60,581 | 47,133 |
| Treasury stock (at cost: 2021-789,319,875 shares; 2020-730,802,089 shares) | (50,920) | (47,297) |
| Accumulated other comprehensive loss | (4,950) | (5,218) |
| Retained earnings | 40,674 | 35,213 |
| Total Equity | 45,406 | 29,849 |
| Total Liabilities and Equity | 90,661 | 62,618 |
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2021 | |
| 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 |