10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2018 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 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 | |||
| Sales and other operating revenues | $ 158,902 [1] | ||
| Sales and other operating revenues | 134,674 | 110,215 | |
| Income from equity affiliates | 6,327 | 4,438 | 2,661 |
| Other income | 1,110 | 2,610 | 1,596 |
| Total Revenues and Other Income | 166,339 | 141,722 | 114,472 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 94,578 | 75,765 | 59,321 |
| Operating expenses | 20,544 | 19,127 | 19,902 [2] |
| Selling, general and administrative expenses | 3,838 | 4,110 | 4,305 |
| Exploration expenses | 1,210 | 864 | 1,033 |
| Depreciation, depletion and amortization | 19,419 | 19,349 | 19,457 |
| Taxes other than on income | 4,867 | 12,331 | 11,668 |
| Interest and debt expense | 748 | 307 | 201 |
| Other components of net periodic benefit costs | 560 | 648 | 745 |
| Total Costs and Other Deductions | 145,764 | 132,501 | 116,632 |
| Income (Loss) Before Income Tax Expense | 20,575 | 9,221 | (2,160) |
| Income Tax Expense (Benefit) | 5,715 | (48) | (1,729) |
| Net Income (Loss) | 14,860 | 9,269 | (431) |
| Less: Net income attributable to noncontrolling interests | 36 | 74 | 66 |
| Net Income (Loss) Attributable to Chevron Corporation | 14,824 | 9,195 | (497) |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | 7.81 | 4.88 | (0.27) |
| Diluted (in dollars per share) | 7.74 | 4.85 | (0.27) |
| [1] 2017 and 2016 include excise, value-added and similar taxes of $7,189 and $6,905, respectively, collected on behalf of third parties. Beginning in 2018, these taxes are netted in "Taxes other than on income" in accordance with Accounting Standards Update (ASU) 2014-09. Refer to Note 25, "Revenue" beginning on page 88. | |||
| [2] 2017 and 2016 adjusted to conform to ASU 2017-07. Refer to Note 4, "New Accounting Standards" beginning on page 60. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2018 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 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 | |
| Net Income (Loss) | $ 14,860 | 9,269 | (431) |
| Currency translation adjustment | |||
| Unrealized net change arising during period | (19) | 57 | (22) |
| Unrealized holding gain (loss) on securities | |||
| Net gain (loss) arising during period | (5) | (3) | 27 |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 792 | 817 | 918 |
| Actuarial gain (loss) arising during period | 85 | (571) | (315) |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | (13) | (20) | 19 |
| Prior service (costs) credits arising during period | (26) | (1) | 345 |
| Defined benefit plans sponsored by equity affiliates - benefit (cost) | 23 | 19 | (19) |
| Income taxes on defined benefit plans | (230) | (44) | (505) |
| Total | 631 | 200 | 443 |
| Other Comprehensive Gain, Net of Tax | 607 | 254 | 448 |
| Comprehensive Income | 15,467 | 9,523 | 17 |
| Comprehensive income attributable to noncontrolling interests | (36) | (74) | (66) |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | 15,431 | 9,449 | (49) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 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 | |
| Operating Activities | |||
| Net Income (Loss) | $ 14,860 | 9,269 | (431) |
| Adjustments | |||
| Depreciation, depletion and amortization | 19,419 | 19,349 | 19,457 |
| Dry hole expense | 687 | 198 | 489 |
| Distributions less than income from equity affiliates | (3,580) | (2,380) | (1,549) |
| Net before-tax gains on asset retirements and sales | (619) | (2,195) | (1,149) |
| Net foreign currency effects | 123 | 131 | 186 |
| Deferred income tax provision | 1,050 | (3,203) | (3,835) |
| Net decrease (increase) in operating working capital | (718) | 520 | (327) |
| Decrease (increase) in long-term receivables | 418 | (368) | (131) |
| Net decrease (increase) in other deferred charges | 0 | (254) [1] | 178 |
| Cash contributions to employee pension plans | (1,035) | (980) | (870) |
| Other | 13 | 251 | 672 |
| Net Cash Provided by Operating Activities | 30,618 | 20,338 | 12,690 |
| Investing Activities | |||
| Capital expenditures | (13,792) | (13,404) | (18,109) |
| Proceeds and deposits related to asset sales and returns of investment | 2,392 | 5,096 [2] | 3,476 |
| Net maturities of (investments in) time deposits | (950) | 0 | 0 |
| Net sales (purchases) of marketable securities | (51) | 4 | 297 |
| Net repayment (borrowing) of loans by equity affiliates | 111 | (16) | (2,034) |
| Net Cash Used for Investing Activities | (12,290) | (8,320) | (16,370) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | 2,021 | (5,142) | 2,130 |
| Proceeds from issuances of long-term debt | 218 | 3,991 | 6,924 |
| Repayments of long-term debt and other financing obligations | (6,741) | (6,310) | (1,584) |
| Cash dividends - common stock | (8,502) | (8,132) | (8,032) |
| Distributions to noncontrolling interests | (91) | (78) | (63) |
| Net sales (purchases) of treasury shares | (604) | 1,117 | 650 |
| Net Cash Provided by (Used for) Financing Activities | (13,699) | (14,554) | 25 |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (91) | 65 | (53) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 4,538 | (2,471) | (3,708) |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 5,943 | 8,414 | |
| Cash, Cash Equivalents and Restricted Cash at December 31 | 10,481 | 5,943 | 8,414 |
| [1] 2017 and 2016 adjusted to conform to ASU 2016-18. Refer to Note 3, "Information Relating to the Consolidated Statement of Cash Flows" beginning on page 59. | |||
| [2] 2017 and 2016 adjusted to conform to ASU 2016-15. Refer to Note 3, "Information Relating to the Consolidated Statement of Cash Flows" beginning on page 59. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2018 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 9,342 | 4,813 |
| Time deposits | 950 | 0 |
| Marketable securities | 53 | 9 |
| Accounts and notes receivable (less allowance: 2018 - $869; 2017 - $490) | 15,050 | 15,353 |
| Inventories: | ||
| Crude oil and petroleum products | 3,383 | 3,142 |
| Chemicals | 487 | 476 |
| Materials, supplies and other | 1,834 | 1,967 |
| Total inventories | 5,704 | 5,585 |
| Prepaid expenses and other current assets | 2,922 | 2,800 |
| Total Current Assets | 34,021 | 28,560 |
| Long-term receivables, net | 1,942 | 2,849 |
| Investments and advances | 35,546 | 32,497 |
| Properties, plant and equipment, at cost | 340,244 | 344,485 |
| Less: Accumulated depreciation, depletion and amortization | 171,037 | 166,773 |
| Properties, plant and equipment, net | 169,207 | 177,712 |
| Deferred charges and other assets | 6,766 | 7,017 |
| Goodwill | 4,518 | 4,531 |
| Assets held for sale | 1,863 | 640 |
| Total Assets | 253,863 | 253,806 |
| Liabilities and Equity | ||
| Short-term debt | 5,726 | 5,192 |
| Accounts payable | 13,953 | 14,565 |
| Accrued liabilities | 4,927 | 5,267 |
| Federal and other taxes on income | 1,628 | 1,600 |
| Other taxes payable | 937 | 1,113 |
| Total Current Liabilities | 27,171 | 27,737 |
| Long-term debt | 28,733 | 33,571 [1] |
| Deferred credits and other noncurrent obligations | 19,742 | 21,106 |
| Noncurrent deferred income taxes | 15,921 | 14,652 |
| Noncurrent employee benefit plans | 6,654 | 7,421 |
| Total Liabilities | 98,221 | 104,487 [2] |
| Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) | 0 | 0 |
| Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31, 2018 and 2017) | 1,832 | 1,832 |
| Capital in excess of par value | 17,112 | 16,848 |
| Retained earnings | 180,987 | 174,106 |
| Accumulated other comprehensive losses | (3,544) | (3,589) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2018 - 539,838,890 shares; 2017 - 537,974,695) | (41,593) | (40,833) |
| Total Chevron Corporation Stockholders' Equity | 154,554 | 148,124 |
| Noncontrolling interests | 1,088 | 1,195 |
| Total Equity | 155,642 | 149,319 |
| Total Liabilities and Equity | 253,863 | 253,806 |
| [1] Includes capital lease obligations of $127 and $94 at December 31, 2018 and 2017, respectively. | ||
| [2] Refer to Note 23, "Other Contingencies and Commitments" beginning on page 86. | ||
| External Links | |
| CHEVRON CORP (CVX) 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 |