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: 2011 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 21, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 244,813,000,000 | 189,441,000,000 | 149,341,000,000 |
| Equity in earnings of affiliates | 4,077,000,000 | 3,133,000,000 | 2,531,000,000 |
| Gain on dispositions | 2,007,000,000 | 5,803,000,000 | 160,000,000 |
| Other income | 329,000,000 | 278,000,000 | 358,000,000 |
| Total Revenues and Other Income | 251,226,000,000 | 198,655,000,000 | 152,390,000,000 |
| Costs and Expenses | |||
| Purchased crude oil, natural gas and products | 185,867,000,000 | 135,751,000,000 | 102,433,000,000 |
| Production and operating expenses | 10,770,000,000 | 10,635,000,000 | 10,339,000,000 |
| Selling, general and administrative expenses | 2,078,000,000 | 2,005,000,000 | 1,830,000,000 |
| Exploration expenses | 1,066,000,000 | 1,155,000,000 | 1,182,000,000 |
| Depreciation, depletion and amortization | 7,934,000,000 | 9,060,000,000 | 9,295,000,000 |
| Impairments | 792,000,000 | 1,780,000,000 | 535,000,000 |
| Taxes other than income taxes | 18,307,000,000 | 16,793,000,000 | 15,529,000,000 [1] |
| Accretion on discounted liabilities | 455,000,000 | 447,000,000 | 422,000,000 |
| Interest and debt expense | 972,000,000 | 1,187,000,000 | 1,289,000,000 |
| Foreign currency transaction (gains) losses | (16,000,000) | 92,000,000 | (46,000,000) |
| Total Costs and Expenses | 228,225,000,000 | 178,905,000,000 | 142,808,000,000 |
| Income before income taxes | 23,001,000,000 | 19,750,000,000 | 9,582,000,000 |
| Provision for income taxes | 10,499,000,000 | 8,333,000,000 | 5,090,000,000 |
| Net income | 12,502,000,000 | 11,417,000,000 | 4,492,000,000 |
| Less: net income attributable to noncontrolling interests | (66,000,000) | (59,000,000) | (78,000,000) |
| Net Income Attributable to ConocoPhillips | 12,436,000,000 | 11,358,000,000 | 4,414,000,000 |
| Net Income Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Basic | 9 | 8 | 3 |
| Diluted | 9 | 8 | 3 |
| Average Common Shares Outstanding (in thousands) | |||
| Basic | 1,375,035,000 | 1,479,330,000 | 1,487,650,000 |
| Diluted | 1,387,100,000 | 1,491,067,000 | 1,497,608,000 |
| [1] Includes excise taxes on petroleum products sales: $13,954, $13,689 and $13,325 for Twelve Months Ended Dec 31, 2011, 2010 and 2009 respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2011 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 21, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Consolidated Statement of Comprehensive Income | |||
| Net income | $ 12,502,000,000 | 11,417,000,000 | 4,492,000,000 |
| Other comprehensive income (loss): | |||
| Defined benefit plans | |||
| Prior service cost (credit) arising during the period | 19,000,000 | (13,000,000) | |
| Reclassification adjustment for amortization of prior service cost included in net income | 2,000,000 | 15,000,000 | 21,000,000 |
| Net change | 21,000,000 | 2,000,000 | 21,000,000 |
| Net actuarial loss arising during the period | (1,185,000,000) | (9,000,000) | (388,000,000) |
| Reclassification adjustment for amortization of prior net losses included in net income | 226,000,000 | 215,000,000 | 206,000,000 |
| Net change | (959,000,000) | 206,000,000 | (182,000,000) |
| Nonsponsored plans* | (50,000,000) | 5,000,000 | 39,000,000 [1] |
| Income taxes on defined benefit plans | 375,000,000 | (67,000,000) | 52,000,000 |
| Defined benefit plans, net of tax | (613,000,000) | 146,000,000 | (70,000,000) |
| Unrealized holding gain on securities** | 8,000,000 | 631,000,000 [2] | |
| Reclassification adjustment for gain included in net income | (255,000,000) | (384,000,000) | |
| Income taxes on unrealized holding gain on securities | 89,000,000 | (89,000,000) | |
| Unrealized gain on securities, net of tax | (158,000,000) | 158,000,000 | |
| Foreign currency translation adjustments | (387,000,000) | 1,417,000,000 | 5,092,000,000 |
| Reclassification adjustment for gain included in net income | (516,000,000) | ||
| Income taxes on foreign currency translation adjustments | (14,000,000) | (13,000,000) | (85,000,000) |
| Foreign currency translation adjustments, net of tax | (917,000,000) | 1,404,000,000 | 5,007,000,000 |
| Hedging activities | 1,000,000 | (2,000,000) | |
| Income taxes on hedging activities | 5,000,000 | ||
| Hedging activities, net of tax | 1,000,000 | 3,000,000 | |
| Other comprehensive income (loss), net of tax | (1,687,000,000) | 1,708,000,000 | 4,940,000,000 |
| Comprehensive income | 10,815,000,000 | 13,125,000,000 | 9,432,000,000 |
| Less: comprehensive income attributable to noncontrolling interests | (66,000,000) | (59,000,000) | (78,000,000) |
| Comprehensive Income Attributable to ConocoPhillips | 10,749,000,000 | 13,066,000,000 | 9,354,000,000 |
| [1] Plans for which ConocoPhillips is not the primary obligor-primarily those administered by equity affiliates. | |||
| [2] Available-for-sale securities of LUKOIL. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 21, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows From Operating Activities | |||
| Net income | $ 12,502,000,000 | 11,417,000,000 | 4,492,000,000 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 7,934,000,000 | 9,060,000,000 | 9,295,000,000 |
| Impairments | 792,000,000 | 1,780,000,000 | 535,000,000 |
| Dry hole costs and leasehold impairments | 470,000,000 | 477,000,000 | 606,000,000 |
| Accretion on discounted liabilities | 455,000,000 | 447,000,000 | 422,000,000 |
| Deferred taxes | 1,287,000,000 | (878,000,000) | (1,115,000,000) |
| Undistributed equity earnings | (1,077,000,000) | (1,073,000,000) | (1,254,000,000) |
| Gain on dispositions | (2,007,000,000) | (5,803,000,000) | (160,000,000) |
| Other | (359,000,000) | (249,000,000) | 196,000,000 |
| Working capital adjustments | |||
| Decrease (increase) in accounts and notes receivable | (1,169,000,000) | (2,427,000,000) | (1,106,000,000) |
| Decrease (increase) in inventories | 556,000,000 | (363,000,000) | 320,000,000 |
| Decrease (increase) in prepaid expenses and other current assets | (306,000,000) | 43,000,000 | 282,000,000 |
| Increase (decrease) in accounts payable | 1,290,000,000 | 2,887,000,000 | 1,612,000,000 |
| Increase (decrease) in taxes and other accruals | (722,000,000) | 1,727,000,000 | (1,646,000,000) |
| Net Cash Provided by Operating Activities | 19,646,000,000 | 17,045,000,000 | 12,479,000,000 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (13,266,000,000) | (9,761,000,000) | (10,861,000,000) |
| Proceeds from asset dispositions | 4,820,000,000 | 15,372,000,000 | 1,270,000,000 |
| Net sales (purchases) of short-term investments | 400,000,000 | (982,000,000) | |
| Long-term advances/loans-related parties | (9,000,000) | (313,000,000) | (525,000,000) |
| Collection of advances/loans-related parties | 648,000,000 | 115,000,000 | 93,000,000 |
| Other | 392,000,000 | 234,000,000 | 88,000,000 |
| Net Cash Provided by (Used in) Investing Activities | (7,015,000,000) | 4,665,000,000 | (9,935,000,000) |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 118,000,000 | 9,087,000,000 | |
| Repayment of debt | (961,000,000) | (5,320,000,000) | (7,858,000,000) |
| Issuance of company common stock | 96,000,000 | 133,000,000 | 13,000,000 |
| Repurchase of company common stock | (11,123,000,000) | (3,866,000,000) | |
| Dividends paid on company common stock | (3,632,000,000) | (3,175,000,000) | (2,832,000,000) |
| Other | (685,000,000) | (709,000,000) | (1,265,000,000) |
| Net Cash Used in Financing Activities | (16,305,000,000) | (12,819,000,000) | (2,855,000,000) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 21,000,000 | 98,000,000 | |
| Net Change in Cash and Cash Equivalents | (3,674,000,000) | 8,912,000,000 | (213,000,000) |
| Cash and cash equivalents at beginning of period | 9,454,000,000 | 542,000,000 | |
| Cash and Cash Equivalents at End of Period | 5,780,000,000 | 9,454,000,000 | 542,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2011 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 21, 2012) | ||
| (In Dollars) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and cash equivalents | $ 5,780,000,000 | 9,454,000,000 |
| Short-term Investments | 581,000,000 | 973,000,000 [1] |
| Accounts and notes receivable (net of allowance of $30 million in 2011 and $32 million in 2010) | 14,648,000,000 | 13,787,000,000 |
| Accounts and notes receivable-related parties | 1,878,000,000 | 2,025,000,000 |
| Investment in LUKOIL | 1,083,000,000 | |
| Inventories | 4,631,000,000 | 5,197,000,000 |
| Prepaid expenses and other current assets | 2,700,000,000 | 2,141,000,000 |
| Total Current Assets | 30,218,000,000 | 34,660,000,000 |
| Investments and long-term receivables | 32,108,000,000 | 31,581,000,000 |
| Loans and advances-related parties | 1,675,000,000 | 2,180,000,000 |
| Net properties, plants and equipment | 84,180,000,000 | 82,554,000,000 |
| Goodwill | 3,332,000,000 | 3,633,000,000 |
| Intangibles | 745,000,000 | 801,000,000 |
| Other assets | 972,000,000 | 905,000,000 |
| Total Assets | 153,230,000,000 | 156,314,000,000 |
| Liabilities | ||
| Accounts payable | 17,973,000,000 | 16,613,000,000 |
| Accounts payable-related parties | 1,680,000,000 | 1,786,000,000 |
| Short-term debt | 1,013,000,000 | 936,000,000 |
| Accrued income and other taxes | 4,220,000,000 | 4,874,000,000 |
| Employee benefit obligations | 1,111,000,000 | 1,081,000,000 |
| Other accruals | 2,071,000,000 | 2,129,000,000 |
| Total Current Liabilities | 28,068,000,000 | 27,419,000,000 |
| Long-term debt | 21,610,000,000 | 22,656,000,000 |
| Asset retirement obligations and accrued environmental costs | 9,329,000,000 | 9,199,000,000 |
| Joint venture acquisition obligation-related party | 3,582,000,000 | 4,314,000,000 |
| Deferred income taxes | 18,055,000,000 | 17,335,000,000 |
| Employee benefit obligations | 4,068,000,000 | 3,683,000,000 |
| Other liabilities and deferred credits | 2,784,000,000 | 2,599,000,000 |
| Total Liabilities | 87,496,000,000 | 87,205,000,000 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $.01 par value) Issued (2011- 1,749,550,587 shares; 2010- 1,740,529,279 shares) Par value | 17,000,000 | 17,000,000 |
| Capital in excess of par | 44,725,000,000 | 44,132,000,000 |
| Grantor trusts (at cost: 2010- 36,890,375 shares) | (633,000,000) | |
| Treasury stock (at cost: 2011- 463,880,628 shares; 2010- 272,873,537 shares | (31,787,000,000) | (20,077,000,000) |
| Accumulated other comprehensive income | 3,086,000,000 | 4,773,000,000 |
| Unearned employee compensation | (11,000,000) | (47,000,000) |
| Retained earnings | 49,194,000,000 | 40,397,000,000 |
| Total Common Stockholders' Equity | 65,224,000,000 | 68,562,000,000 |
| Noncontrolling interests | 510,000,000 | 547,000,000 |
| Total Equity | 65,734,000,000 | 69,109,000,000 |
| Total Liabilities and Equity | 153,230,000,000 | 156,314,000,000 |
| [1] Includes marketable securities of: $232 for Dec 30, 2011 and $602 for December 31, 2010 | ||
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2011 | |
| 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 |