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Information Relating to the Consolidated Statement of Cash Flows
 3 Months Ended
Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]  
Information Relating to the Consolidated Statement of Cash Flows Information Relating to the Consolidated Statement of Cash Flows
 
Three Months Ended
March 31
 
2020
 
2019
 
(Millions of dollars)
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable
$
2,986

 
$
473

Decrease (increase) in inventories
(733
)
 
(1,098
)
Decrease (increase) in prepaid expenses and other current assets
120

 
(667
)
Increase (decrease) in accounts payable and accrued liabilities
(3,268
)
 
(160
)
Increase (decrease) in income and other taxes payable
(201
)
 
242

Net decrease (increase) in operating working capital
$
(1,096
)
 
$
(1,210
)
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest)
$
106

 
$
186

  Income taxes
981

 
757

Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
 
 
 
Proceeds and deposits related to asset sales
$
363

 
$
276

Returns of investment from equity affiliates
11

 
18

Proceeds and deposits related to asset sales and returns of investment
$
374

 
$
294

Net maturities of (investments in) time deposits consisted of the following gross amounts:
Investments in time deposits
$
—

 
$
—

Maturities of time deposits
—

 
950

Net maturities of (investments in) time deposits
$
—

 
$
950

Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased
$
—

 
$
(1
)
Marketable securities sold
—

 
3

Net sales (purchases) of marketable securities
$
—

 
$
2

Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
 
 
 
Borrowing of loans by equity affiliates
$
(425
)
 
$
(350
)
Repayment of loans by equity affiliates
26

 
29

Net repayment (borrowing) of loans by equity affiliates
$
(399
)
 
$
(321
)
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
 
 
 
Proceeds from issuances of short-term obligations
$
4,952

 
$
359

Repayments of short-term obligations
(1,010
)
 
(134
)
Net borrowings (repayments) of short-term obligations with three months or less maturity
4,225

 
711

Net borrowings (repayments) of short-term obligations
$
8,167

 
$
936

Net sales (purchases) of treasury shares consists of the following gross and net amounts:
 
 
 
Shares issued for share-based compensation plans
$
178

 
$
523

Shares purchased under share repurchase and deferred compensation plans
(1,751
)
 
(538
)
Net sales (purchases) of treasury shares
$
(1,573
)
 
$
(15
)

The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash.
The “Other” line in the Operating Activities section includes changes in postretirement benefits obligations and other long-term liabilities.
The company paid dividends of $1.29 per share of common stock in first quarter 2020. This compares to dividends of $1.19 per share paid in the corresponding year-ago period.
The major components of “Capital expenditures” and the reconciliation of this amount to the reported capital and exploratory expenditures, including equity affiliates, are presented in the following table:
 
Three Months Ended
March 31
 
2020
 
2019
 
(Millions of dollars)
Additions to properties, plant and equipment
$
3,071

 
$
2,865

Additions to investments
13

 
14

Current-year dry hole expenditures
49

 
74

Payments for other assets and liabilities, net
—

 
—

Capital expenditures
3,133

 
2,953

Expensed exploration expenditures
108

 
103

Assets acquired through finance lease obligations and other financing obligations
—

 
146

Payments for other assets and liabilities, net
—

 
—

Capital and exploratory expenditures, excluding equity affiliates
3,241

 
3,202

Company's share of expenditures by equity affiliates
1,183

 
1,532

Capital and exploratory expenditures, including equity affiliates
$
4,424

 
$
4,734


The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
 
At March 31
 
At December 31
 
2020
 
2019
 
2019
 
2018
 
(Millions of dollars)
Cash and Cash Equivalents
$
8,492

 
$
8,699

 
$
5,686

 
$
9,342

Restricted cash included in “Prepaid expenses and other current assets”
434

 
195

 
452

 
341

Restricted cash included in “Deferred charges and other assets”
764

 
801

 
773

 
798

Total Cash, Cash Equivalents and Restricted Cash
$
9,690

 
$
9,695

 
$
6,911

 
$
10,481


Additional information related to “Restricted Cash” is included on page 20 in Note 14 under the heading “Restricted Cash.”