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: 2019 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 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 | |||
| Sales and other operating revenues | $ 139,865 | 158,902 [1] | |
| Sales and other operating revenues | 134,674 | ||
| Income from equity affiliates | 3,968 | 6,327 | 4,438 |
| Other income | 2,683 | 1,110 | 2,610 |
| Total Revenues and Other Income | 146,516 | 166,339 | 141,722 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 80,113 | 94,578 | 75,765 |
| Operating expenses | 21,385 | 20,544 | 19,127 |
| Selling, general and administrative expenses | 4,143 | 3,838 | 4,110 |
| Exploration expenses | 770 | 1,210 | 864 |
| Depreciation, depletion and amortization | 29,218 | 19,419 | 19,349 |
| Taxes other than on income | 4,136 | 4,867 | 12,331 |
| Interest and debt expense | 798 | 748 | 307 |
| Other components of net periodic benefit costs | 417 | 560 | 648 |
| Total Costs and Other Deductions | 140,980 | 145,764 | 132,501 |
| Income (Loss) Before Income Tax Expense | 5,536 | 20,575 | 9,221 |
| Income Tax Expense (Benefit) | 2,691 | 5,715 | (48) |
| Net Income (Loss) | 2,845 | 14,860 | 9,269 |
| Less: Net income attributable to noncontrolling interests | (79) | 36 | 74 |
| Net Income (Loss) Attributable to Chevron Corporation | 2,924 | 14,824 | 9,195 |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | 1.55 | 7.81 | 4.88 |
| Diluted (in dollars per share) | 1.54 | 7.74 | 4.85 |
| [1] 2017 include excise, value-added and similar taxes of $7,189, collected on behalf of third parties. Beginning in 2018, these taxes are netted in "Taxes other than on income" in accordance with Accounting Standards Update (ASU) 2014-09. Refer to Note 24, "Revenue" beginning on page 89. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2019 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 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 | |
| Net Income (Loss) | $ 2,845 | 14,860 | 9,269 |
| Currency translation adjustment | |||
| Unrealized net change arising during period | (18) | (19) | 57 |
| Unrealized holding gain (loss) on securities | |||
| Net gain (loss) arising during period | 2 | (5) | (3) |
| Derivatives | |||
| Net derivatives loss on hedge transactions | (1) | 0 | 0 |
| Reclassification to net income of net realized gain | 0 | 0 | 0 |
| Income taxes on derivatives transactions | 3 | 0 | 0 |
| Total | 2 | 0 | 0 |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 519 | 792 | 817 |
| Actuarial gain (loss) arising during period | (2,404) | 85 | (571) |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | 4 | (13) | (20) |
| Prior service (costs) credits arising during period | (28) | (26) | (1) |
| Defined benefit plans sponsored by equity affiliates - benefit (cost) | (33) | 23 | 19 |
| Income (taxes) benefit on defined benefit plans | 510 | (230) | (44) |
| Total | (1,432) | 631 | 200 |
| Other Comprehensive Gain (Loss), Net of Tax | (1,446) | 607 | 254 |
| Comprehensive Income | 1,399 | 15,467 | 9,523 |
| Comprehensive loss (income) attributable to noncontrolling interests | 79 | (36) | (74) |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | 1,478 | 15,431 | 9,449 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 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 | |
| Operating Activities | |||
| Net Income (Loss) | $ 2,845 | 14,860 | 9,269 |
| Adjustments | |||
| Depreciation, depletion and amortization | 29,218 | 19,419 | 19,349 |
| Dry hole expense | 172 | 687 | 198 |
| Distributions less than income from equity affiliates | (2,073) | (3,580) | (2,380) |
| Net before-tax gains on asset retirements and sales | (1,367) | (619) | (2,195) |
| Net foreign currency effects | 272 | 123 | 131 |
| Deferred income tax provision | (1,966) | 1,050 | (3,203) |
| Net decrease (increase) in operating working capital | 1,494 | (718) | 520 |
| Decrease (increase) in long-term receivables | 502 | 418 | (368) |
| Net decrease (increase) in other deferred charges | (69) | 0 | (254) |
| Cash contributions to employee pension plans | (1,362) | (1,035) | (980) |
| Other | (352) | 13 | 251 |
| Net Cash Provided by Operating Activities | 27,314 | 30,618 | 20,338 |
| Investing Activities | |||
| Capital expenditures | (14,116) | (13,792) | (13,404) |
| Proceeds and deposits related to asset sales and returns of investment | 2,951 | 2,392 | 5,096 |
| Net maturities of (investments in) time deposits | 950 | (950) | 0 |
| Net sales (purchases) of marketable securities | 2 | (51) | 4 |
| Net repayment (borrowing) of loans by equity affiliates | (1,245) | 111 | (16) |
| Net Cash Used for Investing Activities | (11,458) | (12,290) | (8,320) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | (2,821) | 2,021 | (5,142) |
| Proceeds from issuances of long-term debt | 0 | 218 | 3,991 |
| Repayments of long-term debt and other financing obligations | (5,025) | (6,741) | (6,310) |
| Cash dividends - common stock | (8,959) | (8,502) | (8,132) |
| Distributions to noncontrolling interests | (18) | (91) | (78) |
| Net sales (purchases) of treasury shares | (2,935) | (604) | 1,117 |
| Net Cash Provided by (Used for) Financing Activities | (19,758) | (13,699) | (14,554) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | 332 | (91) | 65 |
| Net Change in Cash, Cash Equivalents and Restricted Cash | (3,570) | 4,538 | (2,471) |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 10,481 | 5,943 | |
| Cash, Cash Equivalents and Restricted Cash at December 31 | 6,911 | 10,481 | 5,943 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2019 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 5,686 | 9,342 |
| Time deposits | 0 | 950 |
| Marketable securities | 63 | 53 |
| Accounts and notes receivable (less allowance: 2019 - $746; 2018 - $869) | 13,325 | 15,050 |
| Inventories: | ||
| Crude oil and petroleum products | 3,722 | 3,383 |
| Chemicals | 492 | 487 |
| Materials, supplies and other | 1,634 | 1,834 |
| Total inventories | 5,848 | 5,704 |
| Prepaid expenses and other current assets | 3,407 | 2,922 |
| Total Current Assets | 28,329 | 34,021 |
| Long-term receivables, net | 1,511 | 1,942 |
| Investments and advances | 38,688 | 35,546 |
| Properties, plant and equipment, at cost | 326,722 | |
| Properties, plant and equipment, at cost | 340,244 | |
| Less: Accumulated depreciation, depletion and amortization | 176,228 | |
| Less: Accumulated depreciation, depletion and amortization | 171,037 | |
| Properties, plant and equipment, net | 150,494 | |
| Properties, plant and equipment, net | 169,207 | |
| Deferred charges and other assets | 10,532 | 6,766 |
| Goodwill | 4,463 | 4,518 |
| Assets held for sale | 3,411 | 1,863 |
| Total Assets | 237,428 | 253,863 |
| Liabilities and Equity | ||
| Short-term debt | 3,282 | 5,726 |
| Accounts payable | 14,103 | 13,953 |
| Accrued liabilities | 6,589 | 4,927 |
| Federal and other taxes on income | 1,554 | 1,628 |
| Other taxes payable | 1,002 | 937 |
| Total Current Liabilities | 26,530 | 27,171 |
| Long-term debt | 23,691 | 28,733 [1] |
| Deferred credits and other noncurrent obligations | 20,445 | 19,742 |
| Noncurrent deferred income taxes | 13,688 | 15,921 |
| Noncurrent employee benefit plans | 7,866 | 6,654 |
| Total Liabilities | 92,220 | 98,221 [2] |
| 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, 2019 and 2018) | 1,832 | 1,832 |
| Capital in excess of par value | 17,265 | 17,112 |
| Retained earnings | 174,945 | 180,987 |
| Accumulated other comprehensive losses | (4,990) | (3,544) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2019 - 560,508,479 shares; 2018 - 539,838,890 shares) | (44,599) | (41,593) |
| Total Chevron Corporation Stockholders Equity | 144,213 | 154,554 |
| Noncontrolling interests | 995 | 1,088 |
| Total Equity | 145,208 | 155,642 |
| Total Liabilities and Equity | 237,428 | 253,863 |
| [1] Includes finance lease liabilities of $282 and $127 at December 31, 2019 and 2018, respectively. | ||
| [2] Refer to Note 22, "Other Contingencies and Commitments" beginning on page 87. | ||
| External Links | |
| CHEVRON CORP (CVX) 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 |