Occidental Petroleum 2015 Annual Report Download - page 47
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Consolidated Statements of Cash Flows
For the years ended December 31,
2014
2013
Net income (loss)
$ 630
$ 5,903
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from discontinued operations
(760)
(971)
Depreciation, depletion and amortization of assets
4,261
4,203
Deferred income tax provision (benefit)
(1,178)
914
Other noncash charges to income
101
261
Asset impairments and related items
7,379
621
Gain on sale of equity investments and other assets
(2,505)
(1,175)
Undistributed earnings from equity investments
38
(3)
Dry hole expenses
99
70
Changes in operating assets and liabilities:
Decrease (increase) in receivables
1,413
(747)
Decrease (increase) in inventories
(112)
79
Decrease in other current assets
89
58
(Decrease) increase in accounts payable and accrued liabilities
(530)
265
(Decrease) increase in current domestic and foreign income taxes
(54)
369
Other operating, net
—
382
Operating cash flow from continuing operations
8,871
10,229
Operating cash flow from discontinued operations, net of taxes
2,197
2,549
11,068
12,778
Capital expenditures
(8,930)
(7,357)
Change in capital accrual
542
149
Payments for purchases of assets and businesses
(1,687)
(606)
Sales of equity investments and assets, net
4,177
1,619
Other, net
(346)
(122)
Investing cash flow from continuing operations
(6,244)
(6,317)
Investing cash flow from discontinued operations
(2,226)
(1,727)
(8,470)
(8,044)
Change in restricted cash
(4,019)
—
Special cash distributions from California Resources
6,100
—
Proceeds from long-term debt
—
—
Payments of long-term debt
(107)
(690)
Proceeds from issuance of common stock
33
30
Purchases of treasury stock
(2,500)
(943)
Contributions from noncontrolling interest
375
214
Cash dividends paid
(2,210)
(1,553)
Other, net
2
9
Financing cash flow from continuing operations
(2,326)
(2,933)
Financing cash flow from discontinued operations
124
—
(2,202)
(2,933)
396
1,801
3,393
1,592
$ 3,789
$ 3,393