Exxon 2009 Annual Report Download - page 43

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SUMMARY STATEMENT OF CASH FLOWS
(millions of dollars)
2009 2008 2007
Cash Flows from Operating Activities
Net income including noncontrolling interests 19,658
46,867 41,615
Adjustments for noncash transactions
Depreciation and depletion 11,917
12,379 12,250
Deferred income tax charges/(credits) –
1,399 124
Postretirement benefits expense in excess of/(less than) payments (1,722)
57 (1,314)
Other long-term obligation provisions in excess of/(less than) payments 731
(63)1,065
Dividends received greater than/(less than)
equity in current earnings of equity companies (483)
921 (714)
Changes in operational working capital, excluding cash and debt
Reduction/(increase) – Notes and accounts receivable ( 3,170 )
8,641 (5,441)
– Inventories 459
(1,285)72
– Other current assets 132
(509)280
Increase/(reduction) – Accounts and other payables 1,420
(5,415)6,228
Net (gain) on asset sales (488)
(3,757)(2,217)
All other items – net (16)
490 54
Net cash provided by operating activities 28,438
59,725 52,002
Cash Flows from Investing Activities
Additions to property, plant and equipment (22,491)
(19,318)(15,387)
Sales of subsidiaries, investments, and property, plant and equipment 1,545
5,985 4,204
Decrease in restricted cash and cash equivalents –
–4,604
Additional investments and advances (2,752)
(2,495)(3,038)
Collection of advances 724
574 391
Additions to marketable securities (16)
(2,113)(646)
Sales of marketable securities 571
1,868 144
Net cash used in investing activities (22,419)
(15,499)(9,728)
Cash Flows from Financing Activities
Additions to long-term debt 225
79 592
Reductions in long-term debt (68)
(192)(209)
Additions to short-term debt 1,336
1,067 1,211
Reductions in short-term debt (1,575)
(1,624)(809)
Additions/(reductions) in debt with three months or less maturity (71)
143 (187)
Cash dividends to ExxonMobil shareholders (8,023)
(8,058)(7,621)
Cash dividends to noncontrolling interests (280)
(375)(289)
Changes in noncontrolling interests (113 )
(419)(659)
Tax benefits related to stock-based awards 237
333 369
Common stock acquired (19,703)
(35,734)(31,822)
Common stock sold 752
753 1,079
Net cash used in financing activities ( 27, 28 3 )
(44,027)(38,345)
Effects of exchange rate changes on cash 520
(2,743)1,808
Increase/(decrease) in cash and cash equivalents (20,744)
(2,544)5,737
Cash and cash equivalents at beginning of year 31,437
33,981 28,244
Cash and cash equivalents at end of year 10,693
31,437 33,981
The information in the Summary Statement of Income (for 2007 to 2009), the Summary Balance Sheet (for 2008 and 2009), and the Summary Statement of Cash Flows (for 2007
to 2009), 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 2010 Proxy Statement. For complete consolidated financial statements, including notes, please refer to Appendix A of
ExxonMobil’s 2010 Proxy Statement. See also Management’s Discussion and Analysis of Financial Condition and Results of Operations and other information
in Appendix A of the 2010 Proxy Statement.
EXXON฀MOBIL฀CORPORATION฀ •฀ 2009฀SUMMARY฀ANNUAL฀REPORT
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