Hess 2000 Annual Report Download - page 56

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54
TEN-YEAR SUMMARY OF FINANCIAL DATA
Amerada Hess Corporation and Consolidated Subsidiaries
Millions of dollars, except per share data 2000 1999 1998
Selected Balance Sheet Data at Year-End
Cash and cash equivalents $312 $41 $74
Working capital 577 249 90
Property, plant and equipment
Exploration and production $10,499 $ 9,974 $ 9,718
Refining, marketing and shipping 1,399 1,091 1,309
Total
—
at cost 11,898 11,065 11,027
Less reserves 7,575 7,013 6,835
Property, plant and equipment
—
net $ 4,323 $ 4,052 $ 4,192
Total assets $10,274 $ 7,728 $ 7,883
Total debt 2,050 2,310 2,652
Stockholders’ equity 3,883 3,038 2,643
Stockholders’ equity per common share $ 43.58 $ 33.51 $ 29.26
Summarized Statement of Cash Flows
Net cash provided by operating activities $ 1,843 $ 770 $ 519
Cash flows from investing activities
Capital expenditures
Exploration and production (783) (727) (1,307)
Refining, marketing and other (155) (70) (132)
Total capital expenditures (938) (797) (1,439)
Proceeds from sales of property, plant and equipment and other (11) 373 503
Net cash provided by (used in) investing activities (949) (424) (936)
Cash flows from financing activities
Issuance (repayment) of notes (11) 15 (14)
Long-term borrowings —990 848
Repayment of long-term debt (396) (1,348) (317)
Issuance of common stock ———
Cash dividends paid (54) (54) (55)
Common stock acquired (220) — (59)
Stock options exercised 59 18 —
Net cash provided by (used in) financing activities (622) (379) 403
Effect of exchange rate changes on cash (1) — (3)
Net increase (decrease) in cash and cash equivalents $ 271 $ (33) $ (17)
Stockholder Data at Year-End
Number of common shares outstanding (thousands) 88,744 90,676 90,357
Number of stockholders (based on number of holders of record) 7,709 7,416 8,959
Market price of common stock $ 73.06 $ 56.75 $ 49.75