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: 2019 | |||
Consolidated Income Statement | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 18, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues and Other Income | |||
| Revenue from contracts with customers | $ 32,567 | 36,417 | 29,106 |
| Equity in earnings of affiliates | 779 | 1,074 | 772 |
| Gain on dispositions | 1,966 | 1,063 | 2,177 |
| Other Income | 1,358 | 173 | 529 |
| Total Revenues and Other Income | 36,670 | 38,727 | 32,584 |
| Cost and expenses [Abstract] | |||
| Purchased commodities | 11,842 | 14,294 | 12,475 |
| Production and operating expenses | 5,322 | 5,213 | 5,162 |
| Selling, general and administrative expenses | 556 | 401 | 427 |
| Exploration expenses | 743 | 369 | 934 |
| Depreciation, depletion and amortization | 6,090 | 5,956 | 6,845 |
| Impairments | 405 | 27 | 6,601 |
| Taxes other than income taxes | 953 | 1,048 | 809 |
| Accretion on discounted liabilities | 326 | 353 | 362 |
| Interest and debt expense | 778 | 735 | 1,098 |
| Foreign currency transaction (gains) losses | 66 | (17) | 35 |
| Other Expense | 65 | 375 | 451 |
| Total Costs and Expenses | 27,146 | 28,754 | 35,199 |
| Income (loss) before income taxes | 9,524 | 9,973 | (2,615) |
| Income Tax Expense (Benefit) | 2,267 | 3,668 | (1,822) |
| Net income (loss) | 7,257 | 6,305 | (793) |
| Less: net income attributable to noncontrolling interests | (68) | (48) | (62) |
| Net income (loss) attributable to ConocoPhillips | 7,189 | 6,257 | (855) |
| Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars) | |||
| Earnings Per Share, Basic | 6.43 | 5.36 | (0.70) |
| Earnings per Share, Diluted | 6.40 | 5.32 | (0.70) |
| Average Common Shares Outstanding (in thousands) | |||
| Basic | 1,117,260 | 1,166,499 | 1,221,038 |
| Diluted | 1,123,536 | 1,175,538 | 1,221,038 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CONOCOPHILLIPS | |||
Ticker: COP Fiscal Year: 2019 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 18, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Consolidated Statement of Comprehensive Income | |||
| Net income (loss) | $ 7,257 | 6,305 | (793) |
| Other comprehensive income (loss): | |||
| Defined benefit plans | |||
| Prior service (cost) credit arising during the period | 0 | (7) | 2 |
| Amortization of prior service cost (credit) included in income | (35) | (40) | (38) |
| Net change during the period | (35) | (47) | (36) |
| Net actuarial gain (loss) arising during the period | (55) | (150) | 19 |
| Reclassification adjustment for amortization of prior service credit included in net income (loss) | 146 | 279 | 247 |
| Net change during the period | 91 | 129 | 266 |
| Nonsponsored plans | (3) [1] | (1) | (2) |
| Income taxes on defined benefit plans | (2) | (42) | (81) |
| Defined benefit plans, net of tax | 51 | 39 | 147 |
| Unrealized holding gain on securities, before and after tax | 0 | 0 | (58) |
| OCI Unrealized loss on securities, net of tax | 0 | 0 | (58) |
| Foreign currency translation adjustments | 699 | (645) | 586 |
| Income taxes on foreign currency translation adjustments | (4) | 3 | 0 |
| Foreign currency translation adjustments, net of tax | 695 | (642) | 586 |
| Other comprehensive income (loss), net of tax | 746 | (603) | 675 |
| Comprehensive income (loss) | 8,003 | 5,702 | (118) |
| Less: comprehensive income attributable to noncontrolling interests | (68) | (48) | (62) |
| Comprehensive Income (Loss) Attributable to ConocoPhillips | 7,935 | 5,654 | (180) |
| [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: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 18, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Flows From Operating Activities | |||
| Net income (loss) | $ 7,257 | 6,305 | (793) |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation, depletion and amortization | 6,090 | 5,956 | 6,845 |
| Impairments | 405 | 27 | 6,601 |
| Dry hole costs and leasehold impairments related to exploration only | 421 | 95 | 566 |
| Accretion on discounted liabilities | 326 | 353 | 362 |
| Deferred taxes | (444) | 283 | (3,681) |
| Undistributed equity earnings | 594 | 152 | (232) |
| Gain on dispositions | (1,966) | (1,063) | (2,177) |
| Other | (1,000) | 191 | (429) |
| Working capital adjustments | |||
| Decrease (increase) in accounts and notes receivable | 505 | 235 | (886) |
| Decrease (increase) in inventories | (67) | 86 | (55) |
| Decrease (increase) in prepaid expenses and other current assets | 37 | (55) | 69 |
| Increase (decrease) in accounts payable | (378) | (52) | 265 |
| Increase (decrease) in taxes and other accruals | (676) | 421 | 622 |
| Net Cash Provided by Operating Activities | 11,104 | 12,934 | 7,077 |
| Cash Flows From Investing Activities | |||
| Capital expenditures and investments | (6,636) | (6,750) | (4,591) |
| Increase (Decrease) In Capital Accrual Associated With Investing Activities | (103) | (68) | 132 |
| Proceeds from asset dispositions | 3,012 | 1,082 | 13,860 |
| Net Sales (Purchases) of Investments | (2,910) | 1,620 | (1,790) |
| Long-term advances/loans-related parties | 0 | 0 | 0 |
| Proceeds from Collection of Long-term Loans to Related Parties | 127 | 119 | 115 |
| Other | (108) | 154 | 36 |
| Net Cash Provided by (Used in) Investing Activities | (6,618) | (3,843) | 7,762 |
| Cash Flows From Financing Activities | |||
| Issuance of debt | 0 | 0 | 0 |
| Repayment of debt | (80) | (4,995) | (7,876) |
| Issuance of company common stock | (30) | 121 | (63) |
| Repurchase of company common stock | (3,500) | (2,999) | (3,000) |
| Dividends paid | (1,500) | (1,363) | (1,305) |
| Other | (119) | (123) | (112) |
| Net Cash Provided by (Used in) Financing Activities | (5,229) | (9,359) | (12,356) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash | (46) | (117) | 232 |
| Net Change in Cash and Cash Equivalents and Restricted Cash Increase (Decrease) | (789) | (385) | 2,715 |
| Cash and Cash Equivalents and Restricted Cash at beginning of period | 6,151 [1] | 6,325 | |
| Cash and Cash Equivalents and Restricted Cash at end of period | 5,362 | 6,151 [1] | 6,325 |
| Restatement | |||
| Restatement Adjustment | |||
| Cash and Cash Equivalents and Restricted Cash at beginning of period | 6,536 | 6,536 | |
| Cash and Cash Equivalents and Restricted Cash at end of period | 6,536 | 6,536 | |
| [1] See Notes to Consolidated Financial Statements. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CONOCOPHILLIPS | ||
Ticker: COP Fiscal Year: 2019 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 18, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 5,088 | 5,915 |
| Short-term Investments | 3,028 | 248 |
| Accounts and notes receivable (net of allowance of $13 million in 2019 and $25 million in 2018) | 3,267 | 3,920 |
| Accounts and notes receivable-related parties | 134 | 147 |
| Investment in Cenovus Energy | 2,111 | 1,462 |
| Inventories | 1,026 | 1,007 |
| Prepaid expenses and other current assets | 2,259 | 575 |
| Total Current Assets | 16,913 | 13,274 |
| Investments and long-term receivables | 8,687 | 9,329 |
| Loans and advances-related parties | 219 | 335 |
| Net properties, plants and equipment (net of accumulated depreciation, depletion and amortization of $55,477 million in 2019 and $64,899 million in 2018) | 42,269 | 45,698 |
| Other assets | 2,426 | 1,344 |
| Total Assets | 70,514 | 69,980 |
| Liabilities | ||
| Accounts payable | 3,176 | 3,863 |
| Accounts payable-related parties | 24 | 32 |
| Short-term debt | 105 | 112 |
| Accrued income and other taxes | 1,030 | 1,320 |
| Employee benefit obligations | 663 | 809 |
| Other accruals | 2,045 | 1,259 |
| Total Current Liabilities | 7,043 | 7,395 |
| Long-term debt | 14,790 | 14,856 |
| Long-term asset retirement obligations and accrued environmental costs | 5,352 | 7,688 |
| Deferred taxes Included in long-term liabilities | 4,634 | 5,021 |
| Employee benefit obligations | 1,781 | 1,764 |
| Other liabilities and deferred credits | 1,864 | 1,192 |
| Total Liabilities | 35,464 | 37,916 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $.01 par value) | 18 | 18 |
| Capital in excess of par | 46,983 | 46,879 |
| Treasury stock (at cost: shares; 2019-710,783,814 shares; 2018-653,288,213 shares) | (46,405) | (42,905) |
| Accumulated other comprehensive income (loss) | (5,357) | (6,063) |
| Retained earnings | 39,742 | 34,010 |
| Total Common Stockholders' Equity | 34,981 | 31,939 |
| Noncontrolling interests | 69 | 125 |
| Total Equity | 35,050 [1] | 32,064 |
| Total Liabilities and Equity | 70,514 | 69,980 |
| [1] *We adopted ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Liabilities," beginning January 1, 2018. | ||
| External Links | |
| CONOCOPHILLIPS (COP) Fiscal Year 2019 | |
| 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 |