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: 2021 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 155,606 | 94,471 | 139,865 |
| Income (loss) from equity affiliates | 5,657 | (472) | 3,968 |
| Other income | 1,202 | 693 | 2,683 |
| Total Revenues and Other Income | 162,465 | 94,692 | 146,516 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 89,372 | 50,488 | 80,113 |
| Operating expenses | 20,726 | 20,323 | 21,385 |
| Selling, general and administrative expenses | 4,014 | 4,213 | 4,143 |
| Exploration expenses | 549 | 1,537 | 770 |
| Depreciation, depletion and amortization | 17,925 | 19,508 | 29,218 |
| Taxes other than on income | 6,840 | 4,499 | 4,136 |
| Interest and debt expense | 712 | 697 | 798 |
| Other components of net periodic benefit costs | 688 | 880 | 417 |
| Total Costs and Other Deductions | 140,826 | 102,145 | 140,980 |
| Income (Loss) Before Income Tax Expense | 21,639 | (7,453) | 5,536 |
| Income Tax Expense (Benefit) | 5,950 | (1,892) | 2,691 |
| Net Income (Loss) | 15,689 | (5,561) | 2,845 |
| Less: Net income (loss) attributable to noncontrolling interests | 64 | (18) | (79) |
| Net Income (Loss) Attributable to Chevron Corporation | 15,625 | (5,543) | 2,924 |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | 8.15 | (2.96) | 1.55 |
| Diluted (in dollars per share) | 8.14 | (2.96) | 1.54 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2021 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net Income (Loss) | $ 15,689 | (5,561) | 2,845 |
| Currency translation adjustment | |||
| Unrealized net change arising during period | (55) | 35 | (18) |
| Unrealized holding gain (loss) on securities | |||
| Net gain (loss) arising during period | (1) | (2) | 2 |
| Derivatives | |||
| Net derivatives loss on hedge transactions | (6) | 0 | (1) |
| Reclassification to net income | 6 | 0 | 0 |
| Income taxes on derivatives transactions | 0 | 0 | 3 |
| Total | 0 | 0 | 2 |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 1,069 | 1,107 | 519 |
| Actuarial gain (loss) arising during period | 1,244 | (2,004) | (2,404) |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | (14) | (23) | 4 |
| Prior service (costs) credits arising during period | 0 | 0 | (28) |
| Defined benefit plans sponsored by equity affiliates - benefit (cost) | 127 | (104) | (33) |
| Income tax benefit (cost) on defined benefit plans | (647) | 369 | 510 |
| Total | 1,779 | (655) | (1,432) |
| Other Comprehensive Gain (Loss), Net of Tax | 1,723 | (622) | (1,446) |
| Comprehensive Income | 17,412 | (6,183) | 1,399 |
| Comprehensive loss (income) attributable to noncontrolling interests | (64) | 18 | 79 |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | 17,348 | (6,165) | 1,478 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities | |||
| Net Income (Loss) | $ 15,689 | (5,561) | 2,845 |
| Adjustments | |||
| Depreciation, depletion and amortization | 17,925 | 19,508 | 29,218 |
| Dry hole expense | 118 | 1,036 | 172 |
| Distributions more (less) than income from equity affiliates | (1,998) | 2,015 | (2,073) |
| Net before-tax gains on asset retirements and sales | (1,021) | (760) | (1,367) |
| Net foreign currency effects | (7) | 619 | 272 |
| Deferred income tax provision | 700 | (3,604) | (1,966) |
| Net decrease (increase) in operating working capital | (1,361) | (1,652) | 1,494 |
| Decrease (increase) in long-term receivables | 21 | 296 | 502 |
| Net decrease (increase) in other deferred charges | (320) | (248) | (69) |
| Cash contributions to employee pension plans | (1,751) | (1,213) | (1,362) |
| Other | 1,192 | 141 | (352) |
| Net Cash Provided by Operating Activities | 29,187 | 10,577 | 27,314 |
| Investing Activities | |||
| Cash acquired from Noble Energy, Inc. | 0 | 373 | 0 |
| Capital expenditures | (8,056) | (8,922) | (14,116) |
| Proceeds and deposits related to asset sales and returns of investment | 1,791 | 2,968 | 2,951 |
| Net maturities of (investments in) time deposits | 0 | 0 | 950 |
| Net sales (purchases) of marketable securities | (1) | 35 | 2 |
| Net repayment (borrowing) of loans by equity affiliates | 401 | (1,419) | (1,245) |
| Net Cash Used for Investing Activities | (5,865) | (6,965) | (11,458) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | (5,572) | 651 | (2,821) |
| Proceeds from issuances of long-term debt | 0 | 12,308 | 0 |
| Repayments of long-term debt and other financing obligations | (7,364) | (5,489) | (5,025) |
| Cash dividends - common stock | (10,179) | (9,651) | (8,959) |
| Net contributions from (distributions to) noncontrolling interests | (36) | (24) | (18) |
| Net sales (purchases) of treasury shares | 38 | (1,531) | (2,935) |
| Net Cash Provided by (Used for) Financing Activities | (23,113) | (3,736) | (19,758) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (151) | (50) | 332 |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 58 | (174) | (3,570) |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 6,737 | 6,911 | |
| Cash, Cash Equivalents and Restricted Cash at December 31 | 6,795 | 6,737 | 6,911 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2021 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 5,640 | 5,596 |
| Marketable securities | 35 | 31 |
| Accounts and notes receivable (less allowance: 2021 - $303; 2020 - $284) | 18,419 | 11,471 |
| Inventories: | ||
| Crude oil and petroleum products | 4,248 | 3,576 |
| Chemicals | 565 | 457 |
| Materials, supplies and other | 1,492 | 1,643 |
| Total inventories | 6,305 | 5,676 |
| Prepaid expenses and other current assets | 3,339 | 3,304 |
| Total Current Assets | 33,738 | 26,078 |
| Long-term receivables, net (less allowances: 2021 - $442; 2020 - $387) | 603 | 589 |
| Investments and advances | 40,696 | 39,052 |
| Properties, plant and equipment, at cost | 336,045 | 345,232 |
| Less: Accumulated depreciation, depletion and amortization | 189,084 | 188,614 |
| Properties, plant and equipment, net | 146,961 | 156,618 |
| Deferred charges and other assets | 12,384 | 11,950 |
| Goodwill | 4,385 | 4,402 |
| Assets held for sale | 768 | 1,101 |
| Total Assets | 239,535 | 239,790 |
| Liabilities and Equity | ||
| Short-term debt | 256 | 1,548 |
| Accounts payable | 16,454 | 10,950 |
| Accrued liabilities | 6,972 | 7,812 |
| Federal and other taxes on income | 1,700 | 921 |
| Other taxes payable | 1,409 | 952 |
| Total Current Liabilities | 26,791 | 22,183 |
| Long-term debt | 31,113 | 42,767 [1] |
| Deferred credits and other noncurrent obligations | 20,778 | 20,328 |
| Noncurrent deferred income taxes | 14,665 | 12,569 |
| Noncurrent employee benefit plans | 6,248 | 9,217 |
| Total Liabilities | 99,595 [2] | 107,064 |
| 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 31,2021 and 2020) | 1,832 | 1,832 |
| Capital in excess of par value | 17,282 | 16,829 |
| Retained earnings | 165,546 | 160,377 |
| Accumulated other comprehensive losses | (3,889) | (5,612) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2021 - 512,870,523 shares; 2020 - 517,490,263 shares) | (41,464) | (41,498) |
| Total Chevron Corporation Stockholders Equity | 139,067 | 131,688 |
| Noncontrolling interests (includes redeemable noncontrolling interest of $135 and $120 at December 31, 2021 and 2020) | 873 | 1,038 |
| Total Equity | 139,940 | 132,726 |
| Total Liabilities and Equity | 239,535 | 239,790 |
| [1] Includes finance lease liabilities of $449 and $447 at December 31, 2021 and 2020, respectively. | ||
| [2] Refer to Note 24 Other Contingencies and Commitments. | ||
| External Links | |
| CHEVRON CORP (CVX) Fiscal Year 2021 | |
| 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 |