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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 1,317 $ (10,868)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Impairments and other charges & credits (47) 12,596
Depreciation and amortization [1] 1,588 1,983
Deferred taxes (33) (1,147)
Stock-based compensation expense 229 318
Earnings of equity method investments, less dividends received 6 (18)
Change in assets and liabilities:    
(Increase) decrease in receivables [2] (97) 2,159
Decrease (increase) in inventories [2] 54 (24)
Decrease in other current assets [2] 506 202
(Increase) decrease in other assets [2] (9) 25
Decrease in accounts payable and accrued liabilities [2] (660) (2,898)
Decrease in estimated liability for taxes on income [2] (124) (261)
Increase (decrease) in other liabilities [2] 1 (14)
Other [2] (12) 13
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,719 2,066
Cash flows from investing activities:    
Capital expenditures (694) (858)
APS investments (305) (252)
Multiclient seismic data costs capitalized (21) (86)
Business acquisitions and investments, net of cash acquired (134) (33)
Proceeds from divestitures   325
Sale (purchase) of investments, net 790 (1,597)
Other (29) (98)
NET CASH USED IN INVESTING ACTIVITIES (393) (2,599)
Cash flows from financing activities:    
Dividends paid (524) (1,560)
Proceeds from employee stock purchase plan 137 146
Stock repurchase program   (26)
Proceeds from issuance of long-term debt 34 5,837
Repayment of long-term debt (1,076) (3,811)
Net (decrease) increase in short-term borrowings (94) 96
Other (81) (51)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,604) 631
Net increase in cash before translation effect 722 98
Translation effect on cash 3 (16)
Cash, beginning of period 844 1,137
Cash, end of period $ 1,569 $ 1,219
[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.