XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 1,310 $ 943
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (1) 853 [1] 788 [1]
Earnings of companies carried at equity, less dividends received (37) (21)
Deferred income taxes (18) 60
Stock-based compensation expense 79 67
Pension and other postretirement benefits expense 97 94
Pension and other postretirement benefits funding (54) (49)
Change in assets and liabilities: (2)    
Increase in receivables (875) [2] (561) [2]
Increase in inventories (399) [2] (251) [2]
Increase in other current assets (130) [2] (49) [2]
Decrease in accounts payable and accrued liabilities (267) [2] (177) [2]
Increase (decrease) in liability for taxes on income 164 [2] (99) [2]
Decrease in other liabilities (16) [2] (41) [2]
Other-net 25 [2] 132 [2]
NET CASH PROVIDED BY OPERATING ACTIVITIES 732 836
Cash flows from investing activities:    
Capital expenditures (961) (770)
Multiclient seismic data capitalized (101) (83)
Business acquisitions, net of cash acquired   (74)
Sale of investments, net 362 565
Other (45) (23)
NET CASH USED IN INVESTING ACTIVITIES (745) (385)
Cash flows from financing activities:    
Dividends paid (334) (291)
Proceeds from employee stock purchase plan 115 90
Proceeds from exercise of stock options 88 146
Stock repurchase program (324) (844)
Proceeds from issuance of long-term debt 46 2,234
Repayment of long-term debt (40) (2,416)
Net decrease in short-term borrowings 93 64
NET CASH USED IN FINANCING ACTIVITIES (356) (747)
Net decrease in cash before translation effect (369) (296)
Translation effect on cash 10 7
Cash, beginning of period 1,705 1,764
Cash, end of period $ 1,346 $ 1,475
[1] Includes multiclient seismic data costs.
[2] Net of the effect of business acquisitions and divestitures.