Exxon 2008 Annual Report Download - page 42

SUMMARY STATEMENT OF CASH FLOWS
(millions of dollars) 2008 2007 2006
Cash Flows from Operating Activities
Net income
Accruing to ExxonMobil shareholders 45,220
40,610 39,500
Accruing to minority interests 1,647 1,005 1,051
Adjustments for noncash transactions
Depreciation and depletion 12,379
12,250 11,416
Deferred income tax charges/(credits) 1,399 124 1,717
Postretirement benefits expense in excess of/(less than) payments 57 (1,314)(1,787)
Other long-term obligation provisions in excess of/(less than) payments (63) 1,065 (666)
Dividends received greater than/(less than)
equity in current earnings of equity companies 921 (714)(579)
Changes in operational working capital, excluding cash and debt
Reduction/(increase) – Notes and accounts receivable 8,641
(5,441)(181)
– Inventories (1,285) 72 (1,057)
– Other current assets (509) 280 (385)
Increase/(reduction) – Accounts and other payables (5,415) 6,228 1,160
Net (gain) on asset sales (3,757) (2,217)(1,531)
All other items – net 490 54 628
Net cash provided by operating activities 59,725 52,002 49,286
Cash Flows from Investing Activities
Additions to property, plant and equipment (19,318) (15,387)(15,462)
Sales of subsidiaries, investments, and property, plant and equipment 5,985 4,204 3,080
Decrease in restricted cash and cash equivalents – 4,604 –
Additional investments and advances (2,495) (3,038)(2,604)
Collection of advances 574 391 756
Additions to marketable securities (2 ,113) (646) –
Sales of marketable securities 1,868 144 –
Net cash used in investing activities (15,499) (9,728)(14,230)
Cash Flows from Financing Activities
Additions to long-term debt 79 592 318
Reductions in long-term debt (192) (209)(33)
Additions to short-term debt 1,067 1,211 334
Reductions in short-term debt (1,624) (809)(451)
Additions/(reductions) in debt with three months or less maturity 143 (187)(95)
Cash dividends to ExxonMobil shareholders (8,058) (7,621)(7,628)
Cash dividends to minority interests (375) (289)(239)
Changes in minority interests and sales/(purchases) of affiliate stock (419) (659)(493)
Tax benefits related to stock-based awards 333 369 462
Common stock acquired (35,734) (31,822)(29,558)
Common stock sold 753 1,079 1,173
Net cash used in financing activities (44,027) (38,345)(36,210)
Effects of exchange rate changes on cash (2,743) 1,808 727
Increase/(decrease) in cash and cash equivalents (2,544) 5,737 (427)
Cash and cash equivalents at beginning of year 33,981 28,244 28,671
Cash and cash equivalents at end of year 31,437 33,981 28,244
The information in the Summary Statement of Income (for 2006 to 2008), the Summary Balance Sheet (for 2007 and 2008), and the Summary Statement of Cash Flows (for 2006
to 2008), 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 2009 Proxy Statement. For complete consolidated financial statements, including notes, please refer to Appendix A of
ExxonMobil’s 2009 Proxy Statement. See also Management’s Discussion and Analysis of Financial Condition and Results of Operations and other information
in Appendix A of the 2009 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 8 ฀ S U M M A R Y ฀ A N N U A L ฀ R E P O R T
40