Occidental Petroleum 2014 Annual Report Download - page 43
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Consolidated Statements of Income
For the years ended December 31,
2013
2012
Net sales
$ 20,170
$ 20,100
Interest, dividends and other income
107
80
Gain on sale of assets and equity investments
1,175
—
21,452
20,180
Cost of sales (excludes depreciation, depletion and amortization of $4,257 in 2014, $4,197 in 2013 and $3,578 in
2012)
6,497
6,530
Selling, general and administrative and other operating expenses
1,544
1,366
Depreciation, depletion and amortization
4,203
3,585
Asset impairments and related items
621
1,710
Taxes other than on income
564
513
Exploration expense
140
197
Interest and debt expense, net
132
154
13,701
14,055
7,751
6,125
Provision for domestic and foreign income taxes
(3,214)
(2,659)
Income from equity investments
395
363
4,932
3,829
Discontinued operations, net
971
769
$ 5,903
$ 4,598
—
—
$ 5,903
$ 4,598
(Loss)/Income from continuing operations
$ 6.12
$ 4.72
Discontinued operations, net
1.21
0.95
$ 7.33
$ 5.67
(Loss)/Income from continuing operations
$ 6.12
$ 4.72
Discontinued operations, net
1.20
0.95
$ 7.32
$ 5.67
$ 2.56
$ 2.16
The accompanying notes are an integral part of these consolidated financial statements.
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