XML 43 R6.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (10,450) $ 1,628
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Impairments and other charges 12,692 184
Depreciation and amortization [1] 2,741 2,637
Deferred taxes (833) (67)
Stock-based compensation expense 329 259
Earnings of equity method investments, less dividends received 2 (41)
Change in assets and liabilities:    
Increase in receivables [2] (429) (114)
Increase in inventories [2] (400) (68)
(Increase) decrease in other current assets (127) 78
Increase in other assets [2] (12) (167)
Decrease in accounts payable and accrued liabilities [2] (266) (1,011)
Decrease in estimated liability for taxes on income [2] (118) (32)
Decrease in other liabilities [2] (19) (6)
Other [2] 69 102
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,179 3,382
Cash flows from investing activities:    
Capital expenditures (1,230) (1,539)
SPM investments (526) (719)
Multiclient seismic data costs capitalized (181) (63)
Business acquisitions and investments, net of cash acquired (21) (290)
Sale of investments, net 238 1,922
Other (88) (36)
NET CASH USED IN INVESTING ACTIVITIES (1,808) (725)
Cash flows from financing activities:    
Dividends paid (2,077) (2,077)
Proceeds from employee stock purchase plan 196 227
Proceeds from exercise of stock options 23 29
Stock repurchase program (278) (300)
Proceeds from issuance of long-term debt 3,973 220
Repayment of long-term debt (3,396) (900)
Net decrease in short-term borrowings (44) (103)
Other (18) (47)
NET CASH USED IN FINANCING ACTIVITIES (1,621) (2,951)
Net decrease in cash before translation effect (250) (294)
Translation effect on cash   (12)
Cash $ 1,183 $ 1,493
[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.