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: 2022 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 16, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 78,494 | 45,828 | 18,784 |
| Equity in earnings of affiliates | 2,081 | 832 | 432 |
| Gain on dispositions | 1,077 | 486 | 549 |
| Other income (loss) | 504 | 1,203 | (509) |
| Total Revenues and Other Income | 82,156 | 48,349 | 19,256 |
| Costs and Expenses | |||
| Purchased commodities | 33,971 | 18,158 | 8,078 |
| Production and operating expenses | 7,006 | 5,694 | 4,344 |
| Selling, general and administrative expenses | 623 | 719 | 430 |
| Exploration expenses | 564 | 344 | 1,457 |
| Depreciation, depletion and amortization | 7,504 | 7,208 | 5,521 |
| Impairments | (12) | 674 | 813 |
| Taxes other than income taxes | 3,364 | 1,634 | 754 |
| Accretion on discounted liabilities | 250 | 242 | 252 |
| Interest and debt expense | 805 | 884 | 806 |
| Foreign currency transaction gains | (100) | (22) | (72) |
| Other expenses | (47) | 102 | 13 |
| Total Costs and Expenses | 53,928 | 35,637 | 22,396 |
| Income (loss) before income taxes | 28,228 | 12,712 | (3,140) |
| Income tax provision (benefit) | 9,548 | 4,633 | (485) |
| Net income (loss) | 18,680 | 8,079 | (2,655) |
| Less: net income attributable to noncontrolling interests | 0 | 0 | (46) |
| Net Income (Loss) Attributable to ConocoPhillips | 18,680 | 8,079 | (2,701) |
| Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Basic (in dollars per share) | 14.62 | 6.09 | (2.51) |
| Diluted (in dollars per share) | 14.57 | 6.07 | (2.51) |
| Average Common Shares Outstanding (in thousands) | |||
| Basic (in shares) | 1,274 | 1,324 | 1,078 |
| Diluted (in shares) | 1,278 | 1,328 | 1,078 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2022 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 16, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net income (loss) | $ 18,680 | 8,079 | (2,655) |
| Other comprehensive income (loss) | |||
| Defined benefit plans | |||
| Prior service (cost) credit arising during the period | (10) | 0 | 29 |
| Reclassification adjustment for amortization of prior service credit included in net income (loss) | (39) | (38) | (32) |
| Net change | (49) | (38) | (3) |
| Net actuarial gain (loss) arising during the period | (623) | 357 | (210) |
| Reclassification adjustment for amortization of net actuarial losses included in net income (loss) | 72 | 178 | 117 |
| Net change | (551) | 535 | (93) |
| Nonsponsored plans | 5 | 5 | 1 [1] |
| Income taxes on defined benefit plans | 178 | (108) | 20 |
| Defined benefit plans, net of tax | (417) | 394 | (75) |
| Unrealized holding gain (loss) on securities | (13) | (2) | 2 |
| Reclassification adjustment for loss included in net income | (1) | (1) | 0 |
| Income taxes on unrealized holding loss on securities | 3 | 1 | 0 |
| Unrealized holding gain (loss) on securities, net of tax | (11) | (2) | 2 |
| Foreign currency translation adjustments | (623) | (124) | 209 |
| Income taxes on foreign currency translation adjustments | 1 | 0 | 3 |
| Foreign currency translation adjustments, net of tax | (622) | (124) | 212 |
| Other Comprehensive Income (Loss), Net of Tax | (1,050) | 268 | 139 |
| Comprehensive Income (Loss) | 17,630 | 8,347 | (2,516) |
| Less: comprehensive income attributable to noncontrolling interests | 0 | 0 | (46) |
| Comprehensive Income (Loss) Attributable to ConocoPhillips | 17,630 | 8,347 | (2,562) |
| [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: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 16, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash Flows From Operating Activities | |||
| Net income (loss) | $ 18,680 | 8,079 | (2,655) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 7,504 | 7,208 | 5,521 |
| Impairments | (12) | 674 | 813 |
| Dry hole costs and leasehold impairments | 340 | 44 | 1,083 |
| Accretion on discounted liabilities | 250 | 242 | 252 |
| Deferred taxes | 2,086 | 1,346 | (834) |
| Undistributed equity earnings | 942 | 446 | 645 |
| Gain on dispositions | (1,077) | (486) | (549) |
| (Gain) loss on investment in Cenovus Energy | (251) | (1,040) | 855 |
| Other | 86 | (788) | 43 |
| Working capital adjustments | |||
| Decrease (increase) in accounts and notes receivable | (963) | (2,500) | 521 |
| Increase in inventories | (38) | (160) | (25) |
| Decrease (increase) in prepaid expenses and other current assets | (173) | (649) | 76 |
| Increase (decrease) in accounts payable | 901 | 1,399 | (249) |
| Increase (decrease) in taxes and other accruals | 39 | 3,181 | (695) |
| Net Cash Provided by Operating Activities | 28,314 | 16,996 | 4,802 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (10,159) | (5,324) | (4,715) |
| Working capital changes associated with investing activities | 520 | 134 | (155) |
| Acquisition of businesses, net of cash acquired | (60) | (8,290) | 0 |
| Proceeds from asset dispositions | 3,471 | 1,653 | 1,317 |
| Net sales (purchases) of investments | (2,629) | 3,091 | (658) |
| Collection of advances/loansrelated parties | 114 | 105 | 116 |
| Other | 2 | 87 | (26) |
| Net Cash Used in Investing Activities | (8,741) | (8,544) | (4,121) |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 2,897 | 0 | 300 |
| Repayment of debt | (6,267) | (505) | (254) |
| Issuance of company common stock | 362 | 145 | (5) |
| Repurchase of company common stock | (9,270) | (3,623) | (892) |
| Dividends paid | (5,726) | (2,359) | (1,831) |
| Other | (49) | 7 | (26) |
| Net Cash Used in Financing Activities | (18,053) | (6,335) | (2,708) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (224) | (34) | (20) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 1,296 | 2,083 | (2,047) |
| Cash, cash equivalents and restricted cash at beginning of period | 5,398 [1] | 3,315 | |
| Cash, Cash Equivalents and Restricted Cash at End of Period | 6,694 [2] | 5,398 [1] | 3,315 |
| [1] Restricted cash of $152 million and $218 million is included in the Prepaid expenses and other current assets and Other assets lines, respectively, of our Consolidated Balance Sheet as of December 31, 2021. | |||
| [2] Restricted cash of $236 million is included in the Other assets line of our Consolidated Balance Sheet as of December 31, 2022. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2022 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 16, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 6,458 | 5,028 |
| Short-term investments | 2,785 | 446 |
| Accounts and notes receivable (net of allowance of $2 and $2, respectively) | 7,075 | 6,543 |
| Accounts and notes receivablerelated parties | 13 | 127 |
| Investment in Cenovus Energy | 0 | 1,117 |
| Inventories | 1,219 | 1,208 |
| Prepaid expenses and other current assets | 1,199 | 1,581 |
| Total Current Assets | 18,749 | 16,050 |
| Investments and long-term receivables | 8,225 | 7,113 |
| Net properties, plants and equipment (net of accumulated DD&A of $66,630 and $64,735, respectively) | 64,866 | 64,911 |
| Other assets | 1,989 | 2,587 |
| Total Assets | 93,829 | 90,661 |
| Liabilities | ||
| Accounts payable | 6,113 | 5,002 |
| Accounts payablerelated parties | 50 | 23 |
| Short-term debt | 417 | 1,200 |
| Accrued income and other taxes | 3,193 | 2,862 |
| Employee benefit obligations | 728 | 755 |
| Other accruals | 2,346 | 2,179 |
| Total Current Liabilities | 12,847 | 12,021 |
| Long-term debt | 16,226 | 18,734 |
| Asset retirement obligations and accrued environmental costs | 6,401 | 5,754 |
| Deferred income taxes | 7,726 | 6,179 |
| Employee benefit obligations | 1,074 | 1,153 |
| Other liabilities and deferred credits | 1,552 | 1,414 |
| Total Liabilities | 45,826 | 45,255 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2022-2,100,885,134 shares; 2021-2,091,562,747 shares), Par value | 21 | 21 |
| Capital in excess of par | 61,142 | 60,581 |
| Treasury stock (at cost: 2022877,029,062 shares; 2021789,319,875 shares) | (60,189) | (50,920) |
| Accumulated other comprehensive loss | (6,000) | (4,950) |
| Retained earnings | 53,029 | 40,674 |
| Total Equity | 48,003 | 45,406 |
| Total Liabilities and Equity | 93,829 | 90,661 |
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2022 | |
| 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 |