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CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CASH FLOW FROM OPERATING ACTIVITIES          
Consolidated net income $ (8,422) $ 2 $ 2,804 $ (8,420) $ 5,944
Depreciation, depletion, amortization and impairment 11,701 3,730 3,819 15,431 7,535
Non-current liabilities, valuation allowances, and deferred taxes (796) (661) 239 (1,457) 379
(Gains) losses on disposals of assets (131) (209) (191) (340) (364)
Undistributed affiliates' equity earnings 978 (587) (168) 391 (474)
(Increase) decrease in working capital 431 (884) (317) (453) (3,287)
Other changes, net (282) (92) 65 (374) 147
Cash flow from operating activities 3,479 1,299 6,251 4,778 9,880
CASH FLOW USED IN INVESTING ACTIVITIES          
Intangible assets and property, plant and equipment additions (2,409) (2,364) (2,881) (4,773) (5,585)
Acquisitions of subsidiaries, net of cash acquired   (188) (208) (188) (208)
Investments in equity affiliates and other securities (136) (1,534) (437) (1,670) (1,190)
Increase in non-current loans (733) (295) (370) (1,028) (500)
Total expenditures (3,278) (4,381) (3,896) (7,659) (7,483)
Proceeds from disposals of intangible assets and property, plant and equipment 219 44 155 263 163
Proceeds from disposals of subsidiaries, net of cash sold 12 142 (1) 154 146
Proceeds from disposals of non-current investments 20 295 58 315 266
Repayment of non-current loans 99 126 353 225 487
Total divestments 350 607 565 957 1,062
Cash flow used in investing activities (2,928) (3,774) (3,331) (6,702) (6,421)
CASH FLOW FROM FINANCING ACTIVITIES          
Issuance (repayment) of shares: Parent company shareholders 374   449 374 450
Issuance (repayment) of shares: Treasury shares (2) (609) (1,279) (611) (1,770)
Dividends paid: Parent company shareholders (1,928) (1,882) (2,935) (3,810) (4,765)
Dividends paid: Non-controlling interests (76)   (93) (76) (93)
Payments on perpetual subordinated notes (134) (97) (175) (231) (315)
Other transactions with non-controlling interests (22) (48)   (70) (150)
Net issuance (repayment) of non-current debt 15,430 42 2,331 15,472 3,581
Increase (decrease) in current borrowings (6,604) 2,785 37 (3,819) (1,489)
Increase (decrease) in current financial assets and liabilities 449 (2,995) (164) (2,546) (58)
Cash flow from (used in) financing activities 7,487 (2,804) (1,829) 4,683 (4,609)
Net increase (decrease) in cash and cash equivalents 8,038 (5,279) 1,091 2,759 (1,150)
Effect of exchange rates 55 (439) 200 (384) (34)
Cash and cash equivalents at the beginning of the period 21,634 27,352 25,432 27,352 27,907
Cash and cash equivalents at the end of the period $ 29,727 $ 21,634 $ 26,723 $ 29,727 $ 26,723