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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 841 $ 470
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 751 724
Noncash interest expense and other income, net 21 4
Asset impairment loss 0 2
Gain on sale of Delaware City Refinery assets 0 (92)
Stock-based compensation expense 23 22
Deferred income tax expense 166 83
Changes in current assets and current liabilities 1,147 613
Changes in deferred charges and credits and other operating activities, net 5 (56)
Net cash provided by operating activities 2,954 1,770
Cash flows from investing activities:    
Capital expenditures (969) (785)
Deferred turnaround and catalyst costs (432) (343)
Acquisition of pipeline and terminal facilities (37) 0
Advance payment related to the Pembroke Acquisition (37) 0
Acquisition of ethanol plants 0 (260)
Proceeds from the sale of the Delaware City Refinery assets and associated terminal and pipeline assets 0 220
Other investing activities, net (19) 11
Net cash used in investing activities (1,494) (1,157)
Non-bank debt:    
Borrowings 0 1,244
Repayments (718) (517)
Accounts receivable sales program:    
Proceeds from the sale of receivables 0 1,225
Repayments 0 (1,325)
Issuance of common stock in connection with stock-based compensation plans 30 11
Common stock dividends (57) (57)
Debt issuance costs 0 (10)
Contributions from noncontrolling interest 9 0
Other financing activities, net 7 4
Net cash provided by (used in) financing activities (729) 575
Effect of foreign exchange rate changes on cash 42 (12)
Net increase in cash and temporary cash investments 773 1,176
Cash and temporary cash investments at beginning of period 3,334 825
Cash and temporary cash investments at end of period $ 4,107 $ 2,001