Supplementary Information - Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2017

Supplementary Information - Condensed Consolidating Financial Information [Abstract]

Condensed Consolidated Income Statement

		Millions of Dollars
		Three Months Ended March 31, 2017
Income Statement		ConocoPhillips	ConocoPhillips Company	ConocoPhillips Canada Funding Company I	All Other Subsidiaries	Consolidating Adjustments	Total Consolidated
Revenues and Other Income
Sales and other operating revenues	$	-	3,115	-	4,403	-	7,518
Equity in earnings of affiliates		657	1,173	-	160	(1,790)	200
Gain on dispositions		-	13	-	9	-	22
Other income		-	2	-	29	-	31
Intercompany revenues		17	71	42	794	(924)	-
Total Revenues and Other Income		674	4,374	42	5,395	(2,714)	7,771
Costs and Expenses
Purchased commodities		-	2,765	-	1,190	(763)	3,192
Production and operating expenses		-	141	-	1,158	(1)	1,298
Selling, general and administrative expenses		4	136	-	22	(5)	157
Exploration expenses		-	372	-	179	-	551
Depreciation, depletion and amortization		-	251	-	1,728	-	1,979
Impairments		-	-	-	175	-	175
Taxes other than income taxes		-	49	-	182	-	231
Accretion on discounted liabilities		-	10	-	85	-	95
Interest and debt expense		129	165	37	139	(155)	315
Foreign currency transaction (gains) losses		(7)	-	49	(32)	-	10
Total Costs and Expenses		126	3,889	86	4,826	(924)	8,003
Income (loss) before income taxes		548	485	(44)	569	(1,790)	(232)
Income tax benefit		(38)	(172)	(5)	(616)	-	(831)
Net income (loss)		586	657	(39)	1,185	(1,790)	599
Less: net income attributable to noncontrolling interests		-	-	-	(13)	-	(13)
Net Income (Loss) Attributable to ConocoPhillips	$	586	657	(39)	1,172	(1,790)	586
Comprehensive Income (Loss) Attributable to ConocoPhillips	$	818	889	(13)	1,362	(2,238)	818
Income Statement		Three Months Ended March 31, 2016
Revenues and Other Income
Sales and other operating revenues	$	-	2,072	-	3,049	-	5,121
Equity in losses of affiliates		(1,427)	(750)	-	(444)	2,472	(149)
Gain on dispositions		-	22	-	1	-	23
Other income (loss)		-	(6)	-	26	-	20
Intercompany revenues		18	81	56	525	(680)	-
Total Revenues and Other Income		(1,409)	1,419	56	3,157	1,792	5,015
Costs and Expenses
Purchased commodities		-	1,848	-	879	(502)	2,225
Production and operating expenses		-	253	-	1,104	(3)	1,354
Selling, general and administrative expenses		3	154	-	35	(6)	186
Exploration expenses		-	431	-	74	-	505
Depreciation, depletion and amortization		-	257	-	1,990	-	2,247
Impairments		-	4	-	132	-	136
Taxes other than income taxes		-	57	-	123	-	180
Accretion on discounted liabilities		-	12	-	97	-	109
Interest and debt expense		124	134	55	137	(169)	281
Foreign currency transaction (gains) losses		(44)	2	312	(254)	-	16
Total Costs and Expenses		83	3,152	367	4,317	(680)	7,239
Loss before income taxes		(1,492)	(1,733)	(311)	(1,160)	2,472	(2,224)
Income tax benefit		(23)	(306)	(18)	(421)	-	(768)
Net loss		(1,469)	(1,427)	(293)	(739)	2,472	(1,456)
Less: net income attributable to noncontrolling interests		-	-	-	(13)	-	(13)
Net Loss Attributable to ConocoPhillips	$	(1,469)	(1,427)	(293)	(752)	2,472	(1,469)
Comprehensive Income (Loss) Attributable to ConocoPhillips	$	(368)	(326)	(47)	445	(72)	(368)

Schedule of Condensed Balance Sheet

	Millions of Dollars
	March 31, 2017
Balance Sheet	ConocoPhillips		ConocoPhillips Company	ConocoPhillips Canada Funding Company I	All Other Subsidiaries	Consolidating Adjustments	Total Consolidated
Assets
Cash and cash equivalents	$	-	313	58	2,738	-	3,109
Short-term investments		-	-	-	252	-	252
Accounts and notes receivable		12	1,814	25	3,876	(2,368)	3,359
Inventories		-	142	-	955	-	1,097
Prepaid expenses and other current assets		1	155	7	2,773	(25)	2,911
Total Current Assets		13	2,424	90	10,594	(2,393)	10,728
Investments, loans and long-term receivables*		38,761	62,802	2,280	31,145	(113,313)	21,675
Net properties, plants and equipment		-	5,818	-	48,622	-	54,440
Other assets		40	2,345	216	1,271	(2,742)	1,130
Total Assets	$	38,814	73,389	2,586	91,632	(118,448)	87,973
Liabilities and Stockholders’ Equity
Accounts payable	$	-	2,356	2	3,541	(2,368)	3,531
Short-term debt		(9)	999	6	99	-	1,095
Accrued income and other taxes		-	61	-	695	-	756
Employee benefit obligations		-	336	-	129	-	465
Other accruals		101	259	49	1,295	(25)	1,679
Total Current Liabilities		92	4,011	57	5,759	(2,393)	7,526
Long-term debt		8,173	12,635	1,708	2,824	-	25,340
Asset retirement obligations and accrued environmental costs		-	944	-	6,940	-	7,884
Deferred income taxes		-	-	-	9,778	(2,210)	7,568
Employee benefit obligations		-	1,906	-	628	-	2,534
Other liabilities and deferred credits*		1,758	9,927	778	14,240	(25,183)	1,520
Total Liabilities		10,023	29,423	2,543	40,169	(29,786)	52,372
Retained earnings		25,280	14,672	(580)	13,253	(20,821)	31,804
Other common stockholders’ equity		3,511	29,294	623	37,962	(67,841)	3,549
Noncontrolling interests		-	-	-	248	-	248
Total Liabilities and Stockholders’ Equity	$	38,814	73,389	2,586	91,632	(118,448)	87,973
*Includes intercompany loans.
Balance Sheet	December 31, 2016
Assets
Cash and cash equivalents	$	-	358	13	3,239	-	3,610
Short-term investments		-	-	-	50	-	50
Accounts and notes receivable		22	1,968	23	6,103	(4,702)	3,414
Inventories		-	84	-	934	-	1,018
Prepaid expenses and other current assets		2	116	8	415	(24)	517
Total Current Assets		24	2,526	44	10,741	(4,726)	8,609
Investments, loans and long-term receivables*		37,901	64,434	2,296	31,643	(114,602)	21,672
Net properties, plants and equipment		-	6,301	-	52,030	-	58,331
Other assets		40	2,194	220	1,240	(2,534)	1,160
Total Assets	$	37,965	75,455	2,560	95,654	(121,862)	89,772
Liabilities and Stockholders’ Equity
Accounts payable	$	-	4,683	1	3,671	(4,702)	3,653
Short-term debt		(10)	999	6	94	-	1,089
Accrued income and other taxes		-	85	-	399	-	484
Employee benefit obligations		-	489	-	200	-	689
Other accruals		171	271	40	536	(24)	994
Total Current Liabilities		161	6,527	47	4,900	(4,726)	6,909
Long-term debt		8,975	12,635	1,710	2,866	-	26,186
Asset retirement obligations and accrued environmental costs		-	925	-	7,500	-	8,425
Deferred income taxes		-	-	-	10,972	(2,023)	8,949
Employee benefit obligations		-	1,901	-	651	-	2,552
Other liabilities and deferred credits*		417	10,391	748	17,832	(27,863)	1,525
Total Liabilities		9,553	32,379	2,505	44,721	(34,612)	54,546
Retained earnings		25,025	14,015	(541)	12,883	(19,834)	31,548
Other common stockholders’ equity		3,387	29,061	596	37,798	(67,416)	3,426
Noncontrolling interests		-	-	-	252	-	252
Total Liabilities and Stockholders’ Equity	$	37,965	75,455	2,560	95,654	(121,862)	89,772
*Includes intercompany loans.

Condensed Consolidated Statement of Cash Flows

	Millions of Dollars
	Three Months Ended March 31, 2017
Statement of Cash Flows	ConocoPhillips		ConocoPhillips Company	ConocoPhillips Canada Funding Company I	All Other Subsidiaries	Consolidating Adjustments	Total Consolidated
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	$	(97)	1,014	45	1,581	(753)	1,790
Cash Flows From Investing Activities
Capital expenditures and investments		-	(149)	-	(819)	2	(966)
Working capital changes associated with investing activities		-	55	-	(81)	-	(26)
Proceeds from asset dispositions		-	46	-	18	(29)	35
Purchases of short-term investments		-	-	-	(203)	-	(203)
Long-term advances/loans—related parties		-	(30)	-	-	30	-
Collection of advances/loans—related parties		-	63	-	2,138	(2,144)	57
Intercompany cash management		1,341	1,037	-	(2,378)	-	-
Other		-	-	-	129	-	129
Net Cash Provided by (Used in) Investing Activities		1,341	1,022	-	(1,196)	(2,141)	(974)
Cash Flows From Financing Activities
Issuance of debt		-	-	-	30	(30)	-
Repayment of debt		(805)	(2,081)	-	(97)	2,144	(839)
Issuance of company common stock		3	-	-	-	(49)	(46)
Repurchase of company common stock		(112)	-	-	-	-	(112)
Dividends paid		(331)	-	-	(802)	802	(331)
Other		1	-	-	(44)	27	(16)
Net Cash Used in Financing Activities		(1,244)	(2,081)	-	(913)	2,894	(1,344)
Effect of Exchange Rate Changes on Cash and Cash Equivalents		-	-	-	27	-	27
Net Change in Cash and Cash Equivalents		-	(45)	45	(501)	-	(501)
Cash and cash equivalents at beginning of period		-	358	13	3,239	-	3,610
Cash and Cash Equivalents at End of Period	$	-	313	58	2,738	-	3,109
Statement of Cash Flows	Three Months Ended March 31, 2016
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	$	(153)	(284)	1	1,011	(154)	421
Cash Flows From Investing Activities
Capital expenditures and investments		-	(504)	-	(1,516)	199	(1,821)
Working capital changes associated with investing activities		-	(21)	-	(113)	-	(134)
Proceeds from asset dispositions		2,300	60	-	75	(2,300)	135
Net sales (purchases) of short-term investments		-	-	-	(302)	-	(302)
Long-term advances/loans—related parties		-	(51)	-	-	51	-
Collection of advances/loans—related parties		-	-	-	2,198	(2,145)	53
Intercompany cash management		(3,438)	3,206	-	232	-	-
Other		-	8	-	(4)	-	4
Net Cash Provided by (Used in) Investing Activities		(1,138)	2,698	-	570	(4,195)	(2,065)
Cash Flows From Financing Activities
Issuance of debt		1,600	2,994	-	51	(51)	4,594
Repayment of debt		-	(2,145)	-	(64)	2,145	(64)
Issuance of company common stock		7	-	-	-	(49)	(42)
Dividends paid		(313)	-	-	(203)	203	(313)
Other		(3)	(2,320)	-	184	2,101	(38)
Net Cash Provided by (Used in) Financing Activities		1,291	(1,471)	-	(32)	4,349	4,137
Effect of Exchange Rate Changes on Cash and Cash Equivalents		-	-	-	5	-	5
Net Change in Cash and Cash Equivalents		-	943	1	1,554	-	2,498
Cash and cash equivalents at beginning of period		-	4	15	2,349	-	2,368
Cash and Cash Equivalents at End of Period	$	-	947	16	3,903	-	4,866