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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 11,300 $ 3,569 $ 4,248
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,352 2,128 2,001
Deferred income taxes, adjusted (6,435)    
Deferred income taxes (6,421) 998 1,148
Long-term casualty and environmental liabilities, net (85) (35) (35)
Other, net (289) 27 (47)
Changes in current assets and liabilities:      
Accounts receivable, net (177) (74) 196
Materials and supplies 22 4 (34)
Other current assets (163) (129) (4)
Accounts payable and other current liabilities (206) 437 (298)
Net cash provided by operating activities 6,319 6,925 7,175
INVESTING ACTIVITIES      
Capital expenditures excluding equipment (2,860) (3,205) (4,425)
Acquisition of equipment (397) (614) (1,226)
Purchases of Investments and investments in time deposits (13) (8) (151)
Proceeds from sales of investments and maturities of time deposits 34 27 27
Partnership Investment 0 0 (36)
Other, net (247) (181) (16)
Net cash used for investing activities (3,483) (3,981) (5,827)
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt 1,250 750 3,000
Payments on long-term debt (735) (292) (371)
Cash distributions (4,575) (2,500) (4,000)
Other, net (19) (13) (32)
Net cash used for financing activities (4,079) (2,055) (1,403)
Increase/(decrease) in cash and cash equivalents (1,243) 889 (55)
Cash and cash equivalents:      
Beginning of period 3,218 2,329 2,384
End of period 1,975 3,218 2,329
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid, net of amounts capitalized 1,062 1,016 953
Capital investments accrued but not yet paid 192 305 421
Income taxes paid, net of refunds $ 1,789 $ 752 $ 1,281