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: 2014 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 52,524 | 54,413 | 57,967 |
| Equity in earnings of affiliates | 2,529 | 2,219 | 1,911 |
| Gain on dispositions | 98 | 1,242 | 1,657 |
| Other income | 366 | 374 | 469 |
| Total Revenues and Other Income | 55,517 | 58,248 | 62,004 |
| Costs and Expenses | |||
| Purchased commodities | 22,099 | 22,643 | 25,232 |
| Production and operating expenses | 8,909 | 7,238 | 6,793 |
| Selling, general and administrative expenses | 735 | 854 | 1,106 |
| Exploration expenses | 2,045 | 1,232 | 1,500 |
| Depreciation, depletion and amortization | 8,329 | 7,434 | 6,580 |
| Impairments | 856 | 529 | 680 |
| Taxes other than income taxes | 2,088 | 2,884 | 3,546 |
| Accretion on discounted liabilities | 484 | 434 | 394 |
| Interest and debt expense | 648 | 612 | 709 |
| Foreign currency transaction (gains) losses | (66) | (58) | 41 |
| Total Costs and Expenses | 46,127 | 43,802 | 46,581 |
| Income from continuing operations before income taxes | 9,390 | 14,446 | 15,423 |
| Provision for income taxes | 3,583 | 6,409 | 7,942 |
| Income (Loss) From Continuing Operations | 5,807 | 8,037 | 7,481 |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 1,131 [1] | 1,178 | 1,017 |
| Net income | 6,938 | 9,215 | 8,498 |
| Less: net income attributable to noncontrolling interests | (69) | (59) | (70) |
| Net Income Attributable to ConocoPhillips | 6,869 | 9,156 | 8,428 |
| Amounts Attributable to ConocoPhillips Common Shareholders: | |||
| Income from continuing operations | 5,738 | 7,978 | 7,413 |
| Income from discontinued operations | 1,131 | 1,178 | 1,015 |
| Net income (loss) attributable to ConocoPhillips | 6,869 | 9,156 | 8,428 |
| Net Income Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Basic | |||
| Continuing operations | 4.63 | 6.47 | 5.95 |
| Discontinued operations | 0.91 | 0.96 | 0.82 |
| Net Income Attributable to ConocoPhillips Per Share of Common Stock | 5.54 | 7.43 | 6.77 |
| Diluted | |||
| Continuing operations | 4.60 | 6.43 | 5.91 |
| Discontinued operations | 0.91 | 0.95 | 0.81 |
| Net Income Attributable to ConocoPhillips Per Share of Common Stock | 5.51 | 7.38 | 6.72 |
| Dividends Paid Per Share of Common Stock (dollars) | 2.84 | 2.70 | 2.64 |
| Average Common Shares Outstanding (in thousands) | |||
| Basic | 1,237,325 | 1,230,963 | 1,243,799 |
| Diluted | 1,245,863 | 1,239,803 | 1,253,093 |
| [1] Net of provision for income taxes on discontinued operations of: $16, $283, $745 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Consolidated Statement of Comprehensive Income | |||
| Net income | $ 6,938 | 9,215 | 8,498 |
| Other comprehensive income (loss): | |||
| Defined benefit plans | |||
| Prior service (cost) credit arising during the period | (3) | 1 | 2 |
| Reclassification adjustment for amortization of prior service cost included in net income | (6) | (5) | (5) |
| Net change | (9) | (4) | (3) |
| Net gain (loss) arising during the period | (840) | 688 | (704) |
| Reclassification adjustment for gain included in net income | 131 | 294 | 430 |
| Net change | (709) | 982 | (274) |
| Nonsponsored plans | 0 [1] | 10 | 8 |
| Income taxes on defined benefit plans | 281 | (387) | 132 |
| Defined benefit plans, net of tax | (437) | 601 | (137) |
| Foreign currency translation adjustments | (3,539) | (2,705) | 929 |
| Reclassification adjustment for gain included in net income | 0 | (4) | (155) |
| Income taxes on foreign currency translation adjustments | 72 | 23 | (16) |
| Foreign currency translation adjustments, net of tax | (3,467) | (2,686) | 758 |
| Hedging activities | 6 | ||
| Hedging activities, net of tax | 6 | ||
| Other comprehensive income (loss), net of tax | (3,904) | (2,085) | 627 |
| Comprehensive income | 3,034 | 7,130 | 9,125 |
| Less: comprehensive income attributable to noncontrolling interests | (69) | (59) | (70) |
| Comprehensive Income Attributable to ConocoPhillips | 2,965 | 7,071 | 9,055 |
| [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: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows From Operating Activities | |||
| Net income | $ 6,938 | 9,215 | 8,498 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 8,329 | 7,434 | 6,580 |
| Impairments | 856 | 529 | 680 |
| Dry hole costs and leasehold impairments | 1,166 | 443 | 874 |
| Accretion on discounted liabilities | 484 | 434 | 394 |
| Deferred taxes | 709 | 1,311 | 1,397 |
| Undistributed equity earnings | 77 | (822) | (596) |
| Gain on dispositions | (98) | (1,242) | (1,657) |
| Income from discontinued operations | (1,131) [1] | (1,178) | (1,017) |
| Other | (233) | (371) | (456) |
| Working capital adjustments | |||
| Decrease (increase) in accounts and notes receivable | 1,227 | 744 | (1,866) |
| Decrease (increase) in inventories | (193) | (278) | 210 |
| Decrease (increase) in prepaid expenses and other current assets | (190) | (83) | 513 |
| Increase (decrease) in accounts payable | (783) | 183 | 1,103 |
| Increase (decrease) in taxes and other accruals | (566) | (518) | (1,199) |
| Net cash provided by continuing operating activities | 16,592 | 15,801 | 13,458 |
| Net cash provided by discontinued operations | 143 | 286 | 464 |
| Net Cash Provided by Operating Activities | 16,735 | 16,087 | 13,922 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (17,085) | (15,537) | (14,172) |
| Proceeds from asset dispositions | 1,603 | 10,220 | 2,132 |
| Net sales (purchases) of short-term investments | 253 | (263) | 597 |
| Collection of advances/loans-related parties | 603 | 145 | 114 |
| Other | (446) | (212) | 821 |
| Net cash used in continuing investing activities | (15,072) | (5,647) | (10,508) |
| Net cash provided by (used in) discontinued operations | (59) | (604) | (1,119) |
| Net Cash Provided by (Used in) Investing Activities | (15,131) | (6,251) | (11,627) |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 2,994 | 1,996 | |
| Repayment of debt | (2,014) | (946) | (2,565) |
| Special cash distribution from Phillips 66 | 7,818 | ||
| Change in restricted cash | 0 | 748 | (748) |
| Issuance of company common stock | 35 | 20 | 138 |
| Repurchase of company common stock | 0 | 0 | (5,098) |
| Dividends paid on company common stock | (3,525) | (3,334) | (3,278) |
| Other | (64) | (3,621) | (725) |
| Net cash used in continuing financing activities | (2,574) | (7,133) | (2,462) |
| Net cash used in discontinued operations | 0 | 0 | (2,019) |
| Net Cash Used in Financing Activities | (2,574) | (7,133) | (4,481) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (214) | (75) | 24 |
| Net Change in Cash and Cash Equivalents | (1,184) | 2,628 | (2,162) |
| Cash and cash equivalents at beginning of period | 6,246 | 3,618 | |
| Cash and Cash Equivalents at End of Period | 5,062 | 6,246 | 3,618 |
| [1] Net of provision for income taxes on discontinued operations of: $16, $283, $745 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2014 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and cash equivalents | $ 5,062 | 6,246 |
| Short-term Investments | 0 [1] | 272 |
| Accounts and notes receivable (net of allowance of $5 million in 2014 and $8 million in 2013) | 6,675 | 8,273 |
| Accounts and notes receivable-related parties | 132 | 214 |
| Inventories | 1,331 | 1,194 |
| Prepaid expenses and other current assets | 1,868 | 2,824 |
| Total Current Assets | 15,068 | 19,023 |
| Investments and long-term receiavables | 24,335 | 23,907 |
| Loans and advances-related parties | 804 | 1,357 |
| Net properties, plants and equipment (net of accumulated depreciation, depletion and amortization of $70,786 million in 2014 and $65,321 million in 2013) | 75,444 | 72,827 |
| Other assets | 888 | 943 |
| Total Assets | 116,539 | 118,057 |
| Liabilities | ||
| Accounts payable | 7,982 | 9,250 |
| Accounts payable-related parties | 44 | 64 |
| Short-term debt | 182 | 589 |
| Accrued income and other taxes | 1,051 | 2,713 |
| Employee benefit obligations | 878 | 842 |
| Other accruals | 1,400 | 1,671 |
| Total Current Liabilities | 11,537 | 15,129 |
| Long-term debt | 22,383 | 21,073 |
| Long-term asset retirement obligations and accrued environmental costs | 10,647 | 9,883 |
| Deferred income taxes | 15,070 | 15,220 |
| Employee benefit obligations | 2,964 | 2,459 |
| Other liabilities and deferred credits | 1,665 | 1,801 |
| Total Liabilities | 64,266 | 65,565 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $.01 par value) | 18 | 18 |
| Capital in excess of par | 46,071 | 45,690 |
| Treasury stock (at cost: 2014-542,230,673; 2013-542,230,673) | (36,780) | (36,780) |
| Accumulated other comprehensive income (loss) | (1,902) | 2,002 |
| Retained earnings | 44,504 | 41,160 |
| Total Common Stockholders' Equity | 51,911 | 52,090 |
| Noncontrolling interests | 362 | 402 |
| Total Equity | 52,273 | 52,492 |
| Total Liabilities and Equity | 116,539 | 118,057 |
| [1] Includes marketable securities of: $0, $135 | ||
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2014 | |
| 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 |