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: 2014 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 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 | $ 200,494 | 220,156 | 230,590 |
| Income from equity affiliates | 7,098 | 7,527 | 6,889 |
| Other income | 4,378 | 1,165 | 4,430 |
| Total Revenues and Other Income | 211,970 | 228,848 | 241,909 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 119,671 | 134,696 | 140,766 |
| Operating expenses | 25,285 | 24,627 | 22,570 |
| Selling, general and administrative expenses | 4,494 | 4,510 | 4,724 |
| Exploration expenses | 1,985 | 1,861 | 1,728 |
| Depreciation, depletion and amortization | 16,793 | 14,186 | 13,413 |
| Taxes other than on income | 12,540 | 13,063 [1] | 12,376 |
| Total Costs and Other Deductions | 180,768 | 192,943 | 195,577 |
| Income Before Income Tax Expense | 31,202 | 35,905 | 46,332 |
| Income Tax Expense | 11,892 | 14,308 | 19,996 |
| Net Income | 19,310 | 21,597 | 26,336 |
| Less: Net income attributable to noncontrolling interests | 69 | 174 | 157 |
| Net Income Attributable to Chevron Corporation | 19,241 [2] | 21,423 | 26,179 |
| Net Income Attributable to Chevron Corporation | |||
| Basic (per share) | 10.21 | 11.18 | 13.42 |
| Diluted (per share) | 10.14 | 11.09 | 13.32 |
| [1] Includes excise, value-added and similar taxes.$8,186 $8,492 $8,010 | |||
| [2] There was no effect of dividend equivalents paid on stock units or dilutive impact of employee stock-based awards on earnings. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 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 | |
| Net Income | $ 19,310 | 21,597 | 26,336 |
| Currency translation adjustment | |||
| Unrealized net change arising during period | (73) | 42 | 23 |
| Unrealized holding (loss) gain on securities | |||
| Net (loss) gain arising during period | (2) | (7) | 1 |
| Derivatives | |||
| Net derivatives (loss) gain on hedge transactions | (66) | (111) | 20 |
| Reclassification to net income of net realized (gain) loss | (17) | (1) | (14) |
| Income taxes on derivatives transactions | 29 | 39 | (3) |
| Total | (54) | (73) | 3 |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 757 | 866 | 920 |
| Actuarial (loss) gain arising during period | (2,730) | 3,379 | (1,180) |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs (credits) | 26 | (27) | (61) |
| Prior service (costs) credits arising during period | (6) | 60 | (142) |
| Defined benefit plans sponsored by equity affiliates | (99) | 164 | (54) |
| Income taxes on defined benefit plans | 901 | (1,614) | 143 |
| Total | (1,151) | 2,828 | (374) |
| Other Comprehensive (Loss) Gain, Net of Tax | (1,280) | 2,790 | (347) |
| Comprehensive Income | 18,030 | 24,387 | 25,989 |
| Comprehensive income attributable to noncontrolling interests | (69) | (174) | (157) |
| Comprehensive Income Attributable to Chevron Corporation | 17,961 | 24,213 | 25,832 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 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 | |
| Operating Activities | |||
| Net Income | $ 19,310 | 21,597 | 26,336 |
| Adjustments | |||
| Depreciation, depletion and amortization | 16,793 | 14,186 | 13,413 |
| Dry hole expense | 875 | 683 | 555 |
| Distributions less than income from equity affiliates | (2,202) | (1,178) | (1,351) |
| Net before-tax gains on asset retirements and sales | (3,540) | (639) | (4,089) |
| Net foreign currency effects | (277) | (103) | 207 |
| Deferred income tax provision | 1,572 | 1,876 | 2,015 |
| Net (increase) decrease in operating working capital | (540) | (1,331) | 363 |
| (Increase) decrease in long-term receivables | (9) | 183 | (169) |
| Decrease (increase) in other deferred charges | 263 | (321) | 1,047 |
| Cash contributions to employee pension plans | (392) | (1,194) | (1,228) |
| Other | (378) | 1,243 | 1,713 |
| Net Cash Provided by Operating Activities | 31,475 | 35,002 | 38,812 |
| Investing Activities | |||
| Capital expenditures | (35,407) | (37,985) | (30,938) |
| Proceeds and deposits related to asset sales | 5,729 | 1,143 | 2,777 |
| Net sales of time deposits | 0 | 700 | 3,250 |
| Net (purchases) sales of marketable securities | (148) | 3 | (3) |
| Net repayment of loans by equity affiliates | 140 | 314 | 328 |
| Net (purchases) sales of other short-term investments | (207) | 216 | (210) |
| Net Cash Used for Investing Activities | (29,893) | (35,609) | (24,796) |
| Financing Activities | |||
| Net borrowings of short-term obligations | 3,431 | 2,378 | 264 |
| Proceeds from issuances of long-term debt | 4,000 | 6,000 | 4,007 |
| Repayments of long-term debt and other financing obligations | (43) | (132) | (2,224) |
| Cash dividends - common stock | (7,928) | (7,474) | (6,844) |
| Distributions to noncontrolling interests | (47) | (99) | (41) |
| Net purchases of treasury shares | (4,412) | (4,494) | (4,142) |
| Net Cash Used for Financing Activities | (4,999) | (3,821) | (8,980) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (43) | (266) | 39 |
| Net Change in Cash and Cash Equivalents | (3,460) | (4,694) | 5,075 |
| Cash and Cash Equivalents at January 1 | 16,245 | 20,939 | |
| Cash and Cash Equivalents at December 31 | 12,785 | 16,245 | 20,939 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2014 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and cash equivalents | $ 12,785 | 16,245 |
| Time deposits | 8 | 8 |
| Marketable securities | 422 | 263 |
| Accounts and notes receivable (less allowance: 2014 - $59; 2013 - $62) | 16,736 | 21,622 |
| Inventories: | ||
| Crude oil and petroleum products | 3,854 | 3,879 |
| Chemicals | 467 | 491 |
| Materials, supplies and other | 2,184 | 2,010 |
| Total inventories | 6,505 | 6,380 |
| Prepaid expenses and other current assets | 5,776 | 5,732 |
| Total Current Assets | 42,232 | 50,250 |
| Long-term receivables, net | 2,817 | 2,833 |
| Investments and advances | 26,912 | 25,502 |
| Properties, plant and equipment, at cost | 327,289 | 296,433 |
| Less: Accumulated depreciation, depletion and amortization | 144,116 | 131,604 |
| Properties, plant and equipment, net | 183,173 | 164,829 |
| Deferred charges and other assets | 6,299 | 5,120 |
| Goodwill | 4,593 | 4,639 |
| Assets held for sale | 0 | 580 |
| Total Assets | 266,026 | 253,753 |
| Liabilities and Equity | ||
| Short-term debt | 3,790 | 374 |
| Accounts payable | 19,000 | 22,815 |
| Accrued liabilities | 5,328 | 5,402 |
| Federal and other taxes on income | 2,575 | 3,092 |
| Other taxes payable | 1,233 | 1,335 |
| Total Current Liabilities | 31,926 | 33,018 |
| Long-term debt | 23,960 | 19,960 |
| Capital lease obligations | 68 | 97 |
| Deferred credits and other noncurrent obligations | 23,549 | 22,982 |
| Noncurrent deferred income taxes | 21,920 | 21,301 |
| Noncurrent employee benefit plans | 8,412 | 5,968 |
| Total Liabilities | 109,835 | 103,326 |
| 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, 2014 and 2013) | 1,832 | 1,832 |
| Capital in excess of par value | 16,041 | 15,713 |
| Retained earnings | 184,987 | 173,677 |
| Accumulated other comprehensive loss | (4,859) | (3,579) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2014 - 563,027,772 shares; 2013 - 529,073,512 shares) | (42,733) | (38,290) |
| Total Chevron Corporation Stockholders' Equity | 155,028 | 149,113 |
| Noncontrolling interests | 1,163 | 1,314 |
| Total Equity | 156,191 | 150,427 |
| Total Liabilities and Equity | 266,026 | 253,753 |
| External Links | |
| CHEVRON CORP (CVX) 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 |