Chevron 2013 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2013 Chevron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

Chevron Corporation 2013 Annual Report 33
Consolidated Statement of Cash Flows
Millions of dollars
Year ended December 31
2013 2012 2011
Operating Activities
Net Income $ 21,597 $ 26,336 $ 27,008
Adjustments
Depreciation, depletion and amortization 14,186 13,413 12,911
Dry hole expense 683 555 377
Distributions less than income from equity affiliates (1,178) (1,351) (570)
Net before-tax gains on asset retirements and sales (639) (4,089) (1,495)
Net foreign currency eects (103) 207 (103)
Deferred income tax provision 1,876 2,015 1,589
Net (increase) decrease in operating working capital (1,331) 363 2,318
Decrease (increase) in long-term receivables 183 (169) (150)
(Increase) decrease in other deferred charges (321) 1,047 341
Cash contributions to employee pension plans (1,194) (1,228) (1,467)
Other 1,243 1,713 336
Net Cash Provided by Operating Activities 35,002 38,812 41,095
Investing Activities
Acquisition of Atlas Energy – – (3,009)
Advance to Atlas Energy – – (403)
Capital expenditures (37,985) (30,938) (26,500)
Proceeds and deposits related to asset sales 1,143 2,777 3,517
Net sales (purchases) of time deposits 700 3,250 (1,104)
Net sales (purchases) of marketable securities 3 (3) (74)
Repayment of loans by equity aliates 314 328 339
Net sales (purchases) of other short-term investments 216 (210) (255)
Net Cash Used for Investing Activities (35,609) (24,796) (27,489)
Financing Activities
Net borrowings of short-term obligations 2,378 264 23
Proceeds from issuances of long-term debt 6,000 4,007 377
Repayments of long-term debt and other financing obligations (132) (2,224) (2,769)
Cash dividends – common stock (7,474) (6,844) (6,136)
Distributions to noncontrolling interests (99) (41) (71)
Net purchases of treasury shares (4,494) (4,142) (3,193)
Net Cash Used for Financing Activities (3,821) (8,980) (11,769)
Eect of Exchange Rate Changes on Cash and Cash Equivalents (266) 39 (33)
Net Change in Cash and Cash Equivalents (4,694) 5,075 1,804
Cash and Cash Equivalents at January 1 20,939 15,864 14,060
Cash and Cash Equivalents at December 31 $ 16,245 $ 20,939 $ 15,864
See accompanying Notes to the Consolidated Financial Statements.