Exxon 2007 Annual Report Download - page 42

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SUM M A RY S TAT E M E N T OF CA S H FLOW S
(millions of dollars)
2007
2006 2005
Cash Flows from Operating Activities
Net income
Accruing to ExxonMobil shareholders 40,610
39,500
36,130
Accruing to minority and preferred interests 1,005
1,051
799
Adjustments for noncash transactions
Depreciation and depletion 12,250
11,416
10,253
Deferred income tax charges/(credits) 124
1,717
(
429)
Postretirement benefits expense in excess of/
(less than) payments (1,314)
(1,787)
254
Other long-term obligation provisions in excess of/(less than) payments 1,065
(666)
398
Dividends received greater than/(less than)
equity in current earnings of equity companies (714)
(579)
(734)
Changes in operational working capital, excluding cash and debt
Reduction/(increase) – Notes and accounts receivable (5,441)
(181)
(3,700)
– Inventories 72
(1,057)
(434)
– Prepaid taxes and expenses 280
(385)
(7)
Increase/(reduction) – Accounts and other payables 6,228
1,160
7,806
Net (gain) on asset sales (2,217)
(1,531)
(1,980)
All other items – net 54
628
(218)
Net cash provided by operating activities 52,002
49,286
48,138
Cash Flows from Investing Activities
Additions to property, plant and equipment (15,387)
(15,462)
(13,839)
Sales of subsidiaries, investments, and property,
plant and equipment 4,204
3,080
6,036
Decrease in restricted cash and cash equivalents 4,604
–
–
Additional investments and advances (3,038)
(2,604)
(2,810)
Collection of advances 391
756
343
Additions to marketable securities (646)
–
–
Sales of marketable securities 144
–
–
Net cash used in investing activities (9,728)
(14,230)
(10,270)
Cash Flows from Financing Activities
Additions to long-term debt 592
318
195
Reductions in long-term debt (209)
(33)
(81)
Additions to short-term debt 1,211
334
377
Reductions in short-term debt (809)
(451)
(687)
Additions/(reductions) in debt with less than 90-day maturity (187)
(95)
(1,306)
Cash dividends to ExxonMobil shareholders (7,621)
(7,628)
(7,185)
Cash dividends to minority interests (289)
(239)
(293)
Changes in minority interests and
sales/(purchases) of affiliate stock (659)
(493)
(681)
Tax benefits related to stock-based awards 369
462
–
Common stock acquired (31,822)
(29,558)
(18,221)
Common stock sold 1,079
1,173
941
Net cash used in financing activities (38,345)
(36,210)
(26,941)
Effects of exchange rate changes on cash 1,808
727
(787)
Increase/(decrease) in cash and cash equivalents 5,737
(427)
10,140
Cash and cash equivalents at beginning of year 28,244
28,671
18,531
Cash and cash equivalents at end of year 33,981
28,244
28,671
The information in the Summary Statement of Income (for 2005 to 2007), the Summary Balance Sheet (for 2006 and 2007), and the Summary Statement of Cash Flows (for
2005 to 2007), shown on pages 38 through 40, corresponds to the information in the Consolidated Statement of Income, Consolidated Balance Sheet, and the Consolidated
Statement of Cash Flows in the financial statements of ExxonMobil’s 2008 Proxy Statement. For complete consolidated financial statements, including notes, please refer to
Appendix A of ExxonMobil’s 2008 Proxy Statement. See also Management’s Discussion and Analysis of Financial Condition and Results of Operations and other information
in Appendix A of the 2008 Proxy Statement.
E X X O N M O B I L C O R P O R A T I O N • 2 0 0 7 S U M M A R Y A N N U A L R E P O R T
40