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: 2017 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 134,674 | 110,215 [1] | 129,925 |
| Income from equity affiliates | 4,438 | 2,661 | 4,684 |
| Other income | 2,610 | 1,596 | 3,868 |
| Total Revenues and Other Income | 141,722 | 114,472 | 138,477 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 75,765 | 59,321 | 69,751 |
| Operating expenses | 19,437 | 20,268 | 23,034 |
| Selling, general and administrative expenses | 4,448 | 4,684 | 4,443 |
| Exploration expenses | 864 | 1,033 | 3,340 |
| Depreciation, depletion and amortization | 19,349 | 19,457 | 21,037 |
| Taxes other than on income | 12,331 | 11,668 | 12,030 |
| Interest and debt expense | 307 | 201 | 0 |
| Total Costs and Other Deductions | 132,501 | 116,632 | 133,635 |
| Income (Loss) Before Income Tax Expense | 9,221 | (2,160) | 4,842 |
| Income Tax Expense (Benefit) | (48) | (1,729) | 132 |
| Net Income (Loss) | 9,269 | (431) | 4,710 |
| Less: Net income attributable to noncontrolling interests | 74 | 66 | 123 |
| Net Income (Loss) Attributable to Chevron Corporation | 9,195 | (497) | 4,587 |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | 4.88 | (0.27) | 2.46 |
| Diluted (in dollars per share) | 4.85 | (0.27) | 2.45 |
| [1] Includes excise, value-added and similar taxes. $7,189; $6,905; $7,359. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2017 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net Income (Loss) | $ 9,269 | (431) | 4,710 |
| Currency translation adjustment | |||
| Unrealized net change arising during period | 57 | (22) | (44) |
| Unrealized holding (loss) gain on securities | |||
| Net (loss) gain arising during period | (3) | 27 | (21) |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 817 | 918 | 794 |
| Actuarial (loss) gain arising during period | (571) | (315) | 109 |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | (20) | 19 | 30 |
| Prior service (costs) credits arising during period | (1) | 345 | 6 |
| Defined benefit plans sponsored by equity affiliates - benefit (cost) | 19 | (19) | 30 |
| Income taxes on defined benefit plans | (44) | (505) | (336) |
| Total | 200 | 443 | 633 |
| Other Comprehensive Gain, Net of Tax | 254 | 448 | 568 |
| Comprehensive Income | 9,523 | 17 | 5,278 |
| Comprehensive income attributable to noncontrolling interests | (74) | (66) | (123) |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | 9,449 | (49) | 5,155 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities | |||
| Net Income (Loss) | $ 9,269 | (431) | 4,710 |
| Adjustments | |||
| Depreciation, depletion and amortization | 19,349 | 19,457 | 21,037 |
| Dry hole expense | 198 | 489 | 2,309 |
| Distributions less than income from equity affiliates | (2,214) | (1,227) | (760) |
| Net before-tax gains on asset retirements and sales | (2,195) | (1,149) | (3,215) |
| Net foreign currency effects | 131 | 186 | (82) |
| Deferred income tax provision | (3,203) | (3,835) | (1,861) |
| Net decrease (increase) in operating working capital | 476 | (550) | (1,979) |
| Increase in long-term receivables | (368) | (131) | (59) |
| (Increase) decrease in other deferred charges | (199) | 235 | 25 |
| Cash contributions to employee pension plans | (980) | (870) | (868) |
| Other | 251 | 672 | 199 |
| Net Cash Provided by Operating Activities | 20,515 | 12,846 | 19,456 |
| Investing Activities | |||
| Capital expenditures | (13,404) | (18,109) | (29,504) |
| Proceeds and deposits related to asset sales | 5,247 | 2,777 | 5,739 |
| Net maturities of time deposits | 0 | 0 | 8 |
| Net sales of marketable securities | 4 | 297 | 122 |
| Net borrowing of loans by equity affiliates | (16) | (2,034) | (217) |
| Net (purchases) sales of other short-term investments | (32) | 217 | 44 |
| Net Cash Used for Investing Activities | (8,201) | (16,852) | (23,808) |
| Financing Activities | |||
| Net (repayments) borrowings of short-term obligations | (5,142) | 2,130 | (335) |
| Proceeds from issuances of long-term debt | 3,991 | 6,924 | 11,091 |
| Repayments of long-term debt and other financing obligations | (6,310) | (1,584) | (32) |
| Cash dividends - common stock | (8,132) | (8,032) | (7,992) |
| Distributions to noncontrolling interests | (78) | (63) | (128) |
| Net sales of treasury shares | 1,117 | 650 | 211 |
| Net Cash (Used for) Provided by Financing Activities | (14,554) | 25 | 2,815 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 65 | (53) | (226) |
| Net Change in Cash and Cash Equivalents | (2,175) | (4,034) | (1,763) |
| Cash and Cash Equivalents at January 1 | 6,988 | 11,022 | |
| Cash and Cash Equivalents at December 31 | 4,813 | 6,988 | 11,022 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2017 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and cash equivalents | $ 4,813 | 6,988 |
| Marketable securities | 9 | 13 |
| Accounts and notes receivable (less allowance: 2017 - $490; 2016 - $373) | 15,353 | 14,092 |
| Inventories: | ||
| Crude oil and petroleum products | 3,142 | 2,720 |
| Chemicals | 476 | 455 |
| Materials, supplies and other | 1,967 | 2,244 |
| Total inventories | 5,585 | 5,419 |
| Prepaid expenses and other current assets | 2,800 | 3,107 |
| Total Current Assets | 28,560 | 29,619 |
| Long-term receivables, net | 2,849 | 2,485 |
| Investments and advances | 32,497 | 30,250 |
| Properties, plant and equipment, at cost | 344,485 | 336,077 |
| Less: Accumulated depreciation, depletion and amortization | 166,773 | 153,891 |
| Properties, plant and equipment, net | 177,712 | 182,186 |
| Deferred charges and other assets | 7,017 | 6,838 |
| Goodwill | 4,531 | 4,581 |
| Assets held for sale | 640 | 4,119 |
| Total Assets | 253,806 | 260,078 |
| Liabilities and Equity | ||
| Short-term debt (net of unamortized discount and debt issuance costs: $2 in 2017, $3 in 2016) | 5,192 | 10,840 |
| Accounts payable | 14,565 | 13,986 |
| Accrued liabilities | 5,267 | 4,882 |
| Federal and other taxes on income | 1,600 | 1,050 |
| Other taxes payable | 1,113 | 1,027 |
| Total Current Liabilities | 27,737 | 31,785 |
| Long-term debt (net of unamortized discount and debt issuance costs: $35 in 2017, $41 in 2016) | 33,477 | 35,193 |
| Capital lease obligations | 94 | 93 |
| Deferred credits and other noncurrent obligations | 21,106 | 21,553 |
| Noncurrent deferred income taxes | 14,652 | 17,516 |
| Noncurrent employee benefit plans | 7,421 | 7,216 |
| Total Liabilities | 104,487 | 113,356 [1] |
| 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, 2017 and 2016) | 1,832 | 1,832 |
| Capital in excess of par value | 16,848 | 16,595 |
| Retained earnings | 174,106 | 173,046 |
| Accumulated other comprehensive loss | (3,589) | (3,843) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2017 - 537,974,695 shares; 2016 - 551,170,158 shares) | (40,833) | (41,834) |
| Total Chevron Corporation Stockholders' Equity | 148,124 | 145,556 |
| Noncontrolling interests | 1,195 | 1,166 |
| Total Equity | 149,319 | 146,722 |
| Total Liabilities and Equity | 253,806 | 260,078 |
| [1] Refer to Note 25, "Other Contingencies and Commitments" beginning on page 87. | ||
| External Links | |
| CHEVRON CORP (CVX) Fiscal Year 2017 | |
| 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 |