XML 22 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 2,135 $ 5,506 $ 6,774
Add: Loss from discontinued operations   205 69
Adjustments to reconcile net income to cash provided by operating activities:      
Gain on formation of OneSubsea     (1,028)
Impairments and other charges 2,575 1,773 608
Depreciation and amortization [1] 4,078 4,094 3,879
Pension and other postretirement benefits expense 438 355 518
Stock-based compensation expense 326 329 315
Pension and other postretirement benefits funding (346) (390) (538)
Earnings of equity method investments, less dividends received (125) (113) (71)
Change in assets and liabilities:      
Decrease (increase) in receivables [2] 2,176 (187) (803)
Decrease (increase) in inventories [2] 625 (36) 188
Decrease in other current assets [2] 76 119 17
Decrease (increase) in other assets [2] 16 (134) (78)
(Decrease) increase in accounts payable and accrued liabilities [2] (2,656) (36) 654
(Decrease) increase in estimated liability for taxes on income [2] (699) 104 34
Increase (decrease) in other liabilities [2] 24 (79) 60
Other [2] 162 (315) 92
NET CASH PROVIDED BY OPERATING ACTIVITIES 8,805 11,195 10,690
Cash flows from investing activities:      
Capital expenditures (2,410) (3,976) (3,943)
SPM investments (953) (740) (902)
Multiclient seismic data capitalized (486) (321) (394)
Business acquisitions and investments, net of cash acquired (443) (1,008) (1,210)
(Purchase) sale of investments, net (5,848) 446 (648)
Other (112) 19 218
NET CASH USED IN INVESTING ACTIVITIES (10,252) (5,580) (6,879)
Cash flows from financing activities:      
Dividends paid (2,419) (1,968) (1,608)
Proceeds from employee stock purchase plan 296 295 270
Proceeds from exercise of stock options 152 530 267
Stock repurchase program (2,182) (4,678) (2,596)
Proceeds from issuance of long-term debt 9,565 2,289 4,554
Repayment of long-term debt (3,771) (2,878) (3,141)
Net (decrease) increase in short-term borrowings (3) 552 37
Other (264) (38) 18
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,374 (5,896) (2,199)
Cash flow (used in) provided by discontinued operations - operating activities (233) 24 (2)
Cash flow used in discontinued operations - investing activities     (28)
Cash flow (used in) provided by discontinued operations (233) 24 (30)
Net (decrease) increase in cash before translation effect (306) (257) 1,582
Translation effect on cash (31) (85) (15)
Cash, beginning of period 3,130 3,472 1,905
Cash, end of period $ 2,793 $ 3,130 $ 3,472
[1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments.
[2] Net of the effect of business acquisitions and divestitures.