Occidental Petroleum 2014 Annual Report Download - page 46
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Consolidated Statements of Cash Flows
For the years ended December 31,
2013
2012
Net income
$ 5,903
$ 4,598
Adjustments to reconcile net income to net cash provided by operating activities:
Discontinued operations, net
(971)
(769)
Depreciation, depletion and amortization of assets
4,203
3,585
Deferred income tax provision
914
580
Other noncash charges to income
271
167
Asset impairments and related items
621
1,710
Gain on sale of equity investments
(1,175)
—
Undistributed earnings from equity investments
(3)
(30)
Dry hole expenses
70
151
Changes in operating assets and liabilities:
Decrease (increase) in receivables
(747)
452
(Increase) decrease in inventories
79
(242)
Decrease in other current assets
58
176
(Decrease) increase in accounts payable and accrued liabilities
255
(959)
(Decrease) increase in current domestic and foreign income taxes
369
1
Other operating, net
382
(370)
Operating cash flow from continuing operations
10,229
9,050
Operating cash flow from discontinued operations, net of taxes
2,549
2,249
12,778
11,299
Capital expenditures
(7,357)
(7,874)
Change in capital accrual
149
13
Payments for purchases of assets and businesses
(606)
(2,084)
Sales of equity investments and assets, net
1,619
4
Other, net
(122)
78
Investing cash flow from continuing operations
(6,317)
(9,863)
Investing cash flow from discontinued operations
(1,727)
(2,779)
(8,044)
(12,642)
Change in restricted cash
—
—
Special cash distributions from California Resources
—
—
Proceeds from long-term debt
—
1,736
Payments of long-term debt
(690)
—
Proceeds from issuance of common stock
30
85
Purchases of treasury stock
(943)
(583)
Contributions from noncontrolling interest
214
32
Cash dividends paid
(1,553)
(2,128)
Other, net
9
12
Financing cash flow from continuing operations
(2,933)
(846)
Financing cash flow from discontinued operations
—
—
Net cash used by financing activities
(2,933) (846)
1,801
(2,189)
1,592
3,781
$ 3,393
$ 1,592