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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (10,868) $ (10,450)
Adjustments to reconcile net loss to cash provided by operating activities:    
Impairments and other charges 12,596 12,692
Depreciation and amortization [1] 1,983 2,741
Deferred taxes (1,147) (833)
Stock-based compensation expense 318 329
Earnings of equity method investments, less dividends received (18) 2
Change in assets and liabilities:    
Decrease (increase) in receivables [2] 2,159 (429)
Increase in inventories [2] (24) (400)
Decrease (increase) in other current assets [2] 202 (127)
Decrease (increase) in other assets 25 (12)
Decrease in accounts payable and accrued liabilities [2] (2,898) (266)
Decrease in estimated liability for taxes on income (261) (118)
Decrease in other liabilities [2] (14) (19)
Other [2] 13 69
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,066 3,179
Cash flows from investing activities:    
Capital expenditures (858) (1,230)
APS investments (252) (526)
Multiclient seismic data costs capitalized (86) (181)
Business acquisitions and investments, net of cash acquired (33) (21)
(Purchase) sale of investments, net (1,597) 238
Net proceeds from divestitures 325  
Other (98) (88)
NET CASH USED IN INVESTING ACTIVITIES (2,599) (1,808)
Cash flows from financing activities:    
Dividends paid (1,560) (2,077)
Proceeds from employee stock purchase plan 146 196
Proceeds from exercise of stock options   23
Stock repurchase program (26) (278)
Proceeds from issuance of long-term debt 5,837 3,973
Repayment of long-term debt (3,811) (3,396)
Net increase (decrease) in short-term borrowings 96 (44)
Other (51) (18)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 631 (1,621)
Net increase in cash before translation effect 98 (250)
Translation effect on cash (16)  
Cash, beginning of period 1,137 1,433
Cash, end of period $ 1,219 $ 1,183
[1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs, and APS investments.
[2] Net of the effect of business acquisitions and divestitures.