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Consolidated statement of cash flow - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CASH FLOW FROM OPERATING ACTIVITIES          
Consolidated net income $ 2,804 $ 3,140 $ 3,634 $ 5,944 $ 6,283
Depreciation, depletion, amortization and impairment 3,819 3,716 3,508 7,535 6,554
Non-current liabilities, valuation allowances, and deferred taxes 239 140 35 379 149
(Gains) losses on disposals of assets (191) (173) (148) (364) (273)
Undistributed affiliates' equity earnings (168) (306) (298) (474) (557)
(Increase) decrease in working capital (317) (2,970) (856) (3,287) (4,078)
Other changes, net 65 82 371 147 249
Cash flow from operating activities 6,251 3,629 6,246 9,880 8,327
CASH FLOW USED IN INVESTING ACTIVITIES          
Intangible assets and property, plant and equipment additions (2,881) (2,704) (3,513) (5,585) (9,178)
Acquisitions of subsidiaries, net of cash acquired (208)   12 (208) (714)
Investments in equity affiliates and other securities (437) (753) (146) (1,190) (308)
Increase in non-current loans (370) (130) (140) (500) (311)
Total expenditures (3,896) (3,587) (3,787) (7,483) (10,511)
Proceeds from disposals of intangible assets and property, plant and equipment 155 8 304 163 2,282
Proceeds from disposals of subsidiaries, net of cash sold (1) 147 (7) 146 (4)
Proceeds from disposals of non-current investments 58 208 396 266 584
Repayment of non-current loans 353 134 581 487 997
Total divestments 565 497 1,274 1,062 3,859
Cash flow used in investing activities (3,331) (3,090) (2,513) (6,421) (6,652)
CASH FLOW FROM FINANCING ACTIVITIES          
Issuance (repayment) of shares: Parent company shareholders 449 1 473 450 482
Issuance (repayment) of shares: Treasury shares (1,279) (491) (1,182) (1,770) (1,740)
Dividends paid: Parent company shareholders (2,935) (1,830) (2,692) (4,765) (4,208)
Dividends paid: Non-controlling interests (93)   (72) (93) (84)
Payments on perpetual subordinated notes (175) (140) (116) (315) (266)
Other transactions with non-controlling interests   (150)   (150)  
Net issuance (repayment) of non-current debt 2,331 1,250 52 3,581 (2,428)
Increase (decrease) in current borrowings 37 (1,526) (738) (1,489) 969
Increase (decrease) in current financial assets and liabilities (164) 106 (1,779) (58) (624)
Cash flow used in financing activities (1,829) (2,780) (6,054) (4,609) (7,899)
Net increase (decrease) in cash and cash equivalents 1,091 (2,241) (2,321) (1,150) (6,224)
Effect of exchange rates 200 (234) (1,296) (34) (486)
Cash and cash equivalents at the beginning of the period 25,432 27,907 30,092 27,907 33,185
Cash and cash equivalents at the end of the period $ 26,723 $ 25,432 $ 26,475 $ 26,723 $ 26,475