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: 2016 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 110,215 | 129,925 [1] | 200,494 |
| Income from equity affiliates | 2,661 | 4,684 | 7,098 |
| Other income | 1,596 | 3,868 | 4,378 |
| Total Revenues and Other Income | 114,472 | 138,477 | 211,970 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 59,321 | 69,751 | 119,671 |
| Operating expenses | 20,268 | 23,034 | 25,285 |
| Selling, general and administrative expenses | 4,684 | 4,443 | 4,494 |
| Exploration expenses | 1,033 | 3,340 | 1,985 |
| Depreciation, depletion and amortization | 19,457 | 21,037 | 16,793 |
| Taxes other than on income | 11,668 | 12,030 | 12,540 |
| Interest and debt expense | 201 | 0 | 0 |
| Total Costs and Other Deductions | 116,632 | 133,635 | 180,768 |
| Income (Loss) Before Income Tax Expense | (2,160) | 4,842 | 31,202 |
| Income Tax Expense (Benefit) | (1,729) | 132 | 11,892 |
| Net Income (Loss) | (431) | 4,710 | 19,310 |
| Less: Net income attributable to noncontrolling interests | 66 | 123 | 69 |
| Net Income (Loss) Attributable to Chevron Corporation | (497) | 4,587 | 19,241 |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | (0.27) | 2.46 | 10.21 |
| Diluted (in dollars per share) | (0.27) | 2.45 | 10.14 |
| [1] Includes excise, value-added and similar taxes. $6,905; $7,359; $8,186. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2016 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net Income (Loss) | $ (431) | 4,710 | 19,310 |
| Currency translation adjustment | |||
| Unrealized net change arising during period | (22) | (44) | (73) |
| Unrealized holding gain (loss) on securities | |||
| Net gain (loss) arising during period | 27 | (21) | (2) |
| Derivatives | |||
| Net derivatives loss on hedge transactions | 0 | 0 | (66) |
| Reclassification to net income of net realized (gain) loss | 0 | 0 | (17) |
| Income taxes on derivatives transactions | 0 | 0 | 29 |
| Total | 0 | 0 | (54) |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 918 | 794 | 757 |
| Actuarial gain (loss) arising during period | (315) | 109 | (2,730) |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | 19 | 30 | 26 |
| Prior service credits (costs) arising during period | 345 | 6 | (6) |
| Defined benefit plans sponsored by equity affiliates - (cost) benefit | (19) | 30 | (99) |
| Income taxes on defined benefit plans | (505) | (336) | 901 |
| Total | 443 | 633 | (1,151) |
| Other Comprehensive Gain (Loss), Net of Tax | 448 | 568 | (1,280) |
| Comprehensive Income (Loss) | 17 | 5,278 | 18,030 |
| Comprehensive income attributable to noncontrolling interests | (66) | (123) | (69) |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | (49) | 5,155 | 17,961 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities | |||
| Net Income (Loss) | $ (431) | 4,710 | 19,310 |
| Adjustments | |||
| Depreciation, depletion and amortization | 19,457 | 21,037 | 16,793 |
| Dry hole expense | 489 | 2,309 | 875 |
| Distributions less than income from equity affiliates | (1,227) | (760) | (2,202) |
| Net before-tax gains on asset retirements and sales | (1,149) | (3,215) | (3,540) |
| Net foreign currency effects | 186 | (82) | (277) |
| Deferred income tax provision | (3,835) | (1,861) | 1,572 |
| Net increase in operating working capital | (550) | (1,979) | (540) |
| (Increase) in long-term receivables | (131) | (59) | (9) |
| Decrease in other deferred charges | 235 | 25 | 263 |
| Cash contributions to employee pension plans | (870) | (868) | (392) |
| Other | 672 | 199 | (378) |
| Net Cash Provided by Operating Activities | 12,846 | 19,456 | 31,475 |
| Investing Activities | |||
| Capital expenditures | (18,109) | (29,504) | (35,407) |
| Proceeds and deposits related to asset sales | 2,777 | 5,739 | 5,729 |
| Net maturities of time deposits | 0 | 8 | 0 |
| Net sales (purchases) of marketable securities | 297 | 122 | (148) |
| Net (borrowing) repayment of loans by equity affiliates | (2,034) | (217) | 140 |
| Net sales (purchases) of other short-term investments | 217 | 44 | (207) |
| Net Cash Used for Investing Activities | (16,852) | (23,808) | (29,893) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | 2,130 | (335) | 3,431 |
| Proceeds from issuances of long-term debt | 6,924 | 11,091 | 4,000 |
| Repayments of long-term debt and other financing obligations | (1,584) | (32) | (43) |
| Cash dividends - common stock | (8,032) | (7,992) | (7,928) |
| Distributions to noncontrolling interests | (63) | (128) | (47) |
| Net sales of treasury shares | 650 | 211 | (4,412) |
| Net Cash Provided by (Used for) Financing Activities | 25 | 2,815 | (4,999) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (53) | (226) | (43) |
| Net Change in Cash and Cash Equivalents | (4,034) | (1,763) | (3,460) |
| Cash and Cash Equivalents at January 1 | 11,022 | 12,785 | |
| Cash and Cash Equivalents at December 31 | 6,988 | 11,022 | 12,785 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2016 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and cash equivalents | $ 6,988 | 11,022 |
| Marketable securities | 13 | 310 |
| Accounts and notes receivable (less allowance: 2016 - $373; 2015 - $313) | 14,092 | 12,860 |
| Inventories: | ||
| Crude oil and petroleum products | 2,720 | 3,535 |
| Chemicals | 455 | 490 |
| Materials, supplies and other | 2,244 | 2,309 |
| Total inventories | 5,419 | 6,334 |
| Prepaid expenses and other current assets | 3,107 | 3,904 |
| Total Current Assets | 29,619 | 34,430 |
| Long-term receivables, net | 2,485 | 2,412 |
| Investments and advances | 30,250 | 27,110 |
| Properties, plant and equipment, at cost | 336,077 | 340,277 |
| Less: Accumulated depreciation, depletion and amortization | 153,891 | 151,881 |
| Properties, plant and equipment, net | 182,186 | 188,396 |
| Deferred charges and other assets | 6,838 | 6,155 [1] |
| Goodwill | 4,581 | 4,588 |
| Assets held for sale | 4,119 | 1,449 |
| Total Assets | 260,078 | 264,540 |
| Liabilities and Equity | ||
| Short-term debt (net of unamortized discount and debt issuance costs: $3 in 2016, $1 in 2015) | 10,840 | 4,927 |
| Accounts payable | 13,986 | 13,516 |
| Accrued liabilities | 4,882 | 4,833 |
| Federal and other taxes on income | 1,050 [2] | 1,073 |
| Other taxes payable | 1,027 | 1,118 |
| Total Current Liabilities | 31,785 | 25,467 |
| Long-term debt (net of unamortized discount and debt issuance costs: $41 in 2016, $42 in 2015) | 35,193 | 33,542 |
| Capital lease obligations | 93 | 80 |
| Deferred credits and other noncurrent obligations | 21,553 | 23,465 |
| Noncurrent deferred income taxes | 17,516 | 20,165 |
| Noncurrent employee benefit plans | 7,216 | 7,935 |
| Total Liabilities | 113,356 | 110,654 [3] |
| 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, 2016 and 2015) | 1,832 | 1,832 |
| Capital in excess of par value | 16,595 | 16,330 |
| Retained earnings | 173,046 | 181,578 |
| Accumulated other comprehensive loss | (3,843) | (4,291) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2016 - 551,170,158 shares; 2015 - 559,862,580 shares) | (41,834) | (42,493) |
| Total Chevron Corporation Stockholders' Equity | 145,556 | 152,716 |
| Noncontrolling interests | 1,166 | 1,170 |
| Total Equity | 146,722 | 153,886 |
| Total Liabilities and Equity | 260,078 | 264,540 |
| [1] 2015 adjusted to conform to ASU 2015-03. Refer to Note 5, "New Accounting Standards" beginning on page FS-32. | ||
| [2] 2015 adjusted to conform to ASU 2015-17. Refer to Note 18, "Income Taxes" beginning on page FS-45. | ||
| [3] Refer to Note 25, "Other Contingencies and Commitments" beginning on page FS-61. | ||
| External Links | |
| CHEVRON CORP (CVX) Fiscal Year 2016 | |
| 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 |