Occidental Petroleum 2015 Annual Report Download - page 44
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Consolidated Statements of Operations
For the years ended December 31,
2014
2013
Net sales
$ 19,312
$ 20,170
Interest, dividends and other income
130
107
Gain on sale of equity investments and other assets
2,505
1,175
21,947
21,452
Cost of sales (excludes depreciation, depletion, and amortization of $4,540 in 2015, $4,257 in 2014, and $4,197 in
2013)
6,803
6,497
Selling, general and administrative and other operating expenses
1,503
1,544
Depreciation, depletion and amortization
4,261
4,203
Asset impairments and related items
7,379
621
Taxes other than on income
550
564
Exploration expense
150
140
Interest and debt expense, net
77
132
20,723
13,701
1,224
7,751
(Provision for) benefit from domestic and foreign income taxes
(1,685)
(3,214)
Income from equity investments
331
395
(130)
4,932
Income from discontinued operations
760
971
$ 630
$ 5,903
(14)
—
$ 616
$ 5,903
Income (loss) from continuing operations
$ (0.18)
$ 6.12
Discontinued operations, net
0.97
1.21
$ 0.79
$ 7.33
Income (loss) from continuing operations
$ (0.18)
$ 6.12
Discontinued operations, net
0.97
1.20
$ 0.79
$ 7.32
$ 2.88
$ 2.56
The accompanying notes are an integral part of these consolidated financial statements.
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