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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 2,044$ 762
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization expense1,1411,096
Noncash interest expense and other income, net208
Asset impairment loss02
Gain on sale of Delaware City Refinery assets0(92)
Stock-based compensation expense3432
Deferred income tax expense393285
Changes in current assets and current liabilities840592
Changes in deferred charges and credits and other operating activities, net(144)(63)
Net cash provided by operating activities4,3282,622
Cash flows from investing activities:  
Capital expenditures(1,584)(1,226)
Deferred turnaround and catalyst costs(501)(410)
Acquisition of Pembroke Refinery, net of cash acquired(1,675)0
Acquisition of pipeline and terminal facilities(37)0
Acquisition of ethanol plants0(260)
Proceeds from the sale of the Delaware City Refinery assets and associated terminal and pipeline assets0220
Other investing activities, net(24)15
Net cash used in investing activities(3,821)(1,661)
Non-bank debt:  
Borrowings01,244
Repayments(718)(517)
Accounts receivable sales program:  
Proceeds from the sale of receivables01,225
Repayments0(1,325)
Purchase of common stock for treasury(270)(2)
Issuance of common stock in connection with stock-based compensation plans4212
Common stock dividends(85)(85)
Debt issuance costs0(10)
Contributions from noncontrolling interests120
Other financing activities, net175
Net cash provided by (used in) financing activities(1,002)547
Effect of foreign exchange rate changes on cash(10)19
Net increase in cash and temporary cash investments(505)1,527
Cash and temporary cash investments at beginning of period3,334825
Cash and temporary cash investments at end of period$ 2,829$ 2,352