Supplementary Information - Condensed Consolidating Financial Information | 9 Months Ended |
Sep. 30, 2014 |
Supplementary Information - Condensed Consolidating Financial Information [Abstract] | ' |
Supplementary Information - Condensed Consolidating Financial Information | ' |
Supplementary Information—Condensed Consolidating Financial Information |
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We have various cross guarantees among ConocoPhillips, ConocoPhillips Company and ConocoPhillips Canada Funding Company I, with respect to publicly held debt securities. ConocoPhillips Company is 100 percent owned by ConocoPhillips. ConocoPhillips Canada Funding Company I is an indirect, 100 percent owned subsidiary of ConocoPhillips Company. ConocoPhillips and ConocoPhillips Company have fully and unconditionally guaranteed the payment obligations of ConocoPhillips Canada Funding Company I, with respect to its publicly held debt securities. Similarly, ConocoPhillips has fully and unconditionally guaranteed the payment obligations of ConocoPhillips Company with respect to its publicly held debt securities. In addition, ConocoPhillips Company has fully and unconditionally guaranteed the payment obligations of ConocoPhillips with respect to its publicly held debt securities. All guarantees are joint and several. The following condensed consolidating financial information presents the results of operations, financial position and cash flows for: |
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ConocoPhillips, ConocoPhillips Company and ConocoPhillips Canada Funding Company I (in each case, reflecting investments in subsidiaries utilizing the equity method of accounting). |
All other nonguarantor subsidiaries of ConocoPhillips. |
The consolidating adjustments necessary to present ConocoPhillips’ results on a consolidated basis. |
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During 2013 ConocoPhillips Australia Funding Company’s guaranteed, publicly held debt was repaid. Beginning in the first quarter of 2014, financial information for ConocoPhillips Australia Funding Company is presented in the “All Other Subsidiaries” column of our condensed consolidating financial information. |
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In April 2014 ConocoPhillips received a $32 billion dividend from ConocoPhillips Company to settle certain accumulated intercompany balances. This consisted of a $15 billion distribution of earnings and a $17 billion return of capital. The transaction was reflected in the second quarter 2014 Condensed Consolidating Financial Information for ConocoPhillips and ConocoPhillips Company and had no impact on our consolidated financial statements. |
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This condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements and notes. |
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| | | | Millions of Dollars |
| | | | Three Months Ended September 30, 2014 |
Income Statement | | | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Revenues and Other Income | | | | | | | | | | | | | | |
Sales and other operating revenues | | | $ | - | | 4,672 | | - | | 7,408 | | - | | 12,080 |
Equity in earnings of affiliates | | | | 1,722 | | 2,098 | | - | | 975 | | -4,031 | | 764 |
Gain on dispositions | | | | - | | 2 | | - | | 2 | | - | | 4 |
Other income | | | | 1 | | 15 | | - | | 53 | | - | | 69 |
Intercompany revenues | | | | 20 | | 104 | | 72 | | 1,444 | | -1,640 | | - |
Total Revenues and Other Income | | | | 1,743 | | 6,891 | | 72 | | 9,882 | | -5,671 | | 12,917 |
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Costs and Expenses | | | | | | | | | | | | | | |
Purchased commodities | | | | - | | 4,036 | | - | | 2,139 | | -1,472 | | 4,703 |
Production and operating expenses | | | | - | | 414 | | - | | 1,617 | | 10 | | 2,041 |
Selling, general and administrative expenses | | | | 2 | | 136 | | 1 | | 65 | | -1 | | 203 |
Exploration expenses | | | | - | | 331 | | - | | 128 | | - | | 459 |
Depreciation, depletion and amortization | | | | - | | 273 | | - | | 1,823 | | - | | 2,096 |
Impairments | | | | - | | 104 | | - | | 4 | | - | | 108 |
Taxes other than income taxes | | | | - | | 69 | | - | | 424 | | - | | 493 |
Accretion on discounted liabilities | | | | - | | 14 | | - | | 106 | | - | | 120 |
Interest and debt expense | | | | 134 | | 77 | | 58 | | 57 | | -177 | | 149 |
Foreign currency transaction (gains) losses | | | | 33 | | 3 | | -208 | | 164 | | - | | -8 |
Total Costs and Expenses | | | | 169 | | 5,457 | | -149 | | 6,527 | | -1,640 | | 10,364 |
Income from continuing operations before income taxes | | | | 1,574 | | 1,434 | | 221 | | 3,355 | | -4,031 | | 2,553 |
Provision (benefit) for income taxes | | | | -52 | | -288 | | 9 | | 1,235 | | - | | 904 |
Income From Continuing Operations | | | | 1,626 | | 1,722 | | 212 | | 2,120 | | -4,031 | | 1,649 |
Income from discontinued operations | | | | 1,078 | | 1,078 | | - | | 61 | | -1,139 | | 1,078 |
Net income | | | | 2,704 | | 2,800 | | 212 | | 2,181 | | -5,170 | | 2,727 |
Less: net income attributable to noncontrolling interests | | | | - | | - | | - | | -23 | | - | | -23 |
Net Income Attributable to ConocoPhillips | | | $ | 2,704 | | 2,800 | | 212 | | 2,158 | | -5,170 | | 2,704 |
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Comprehensive Income Attributable to ConocoPhillips | | | $ | 791 | | 887 | | 29 | | 255 | | -1,171 | | 791 |
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| | Millions of Dollars |
| | Three Months Ended September 30, 2013 |
Income Statement | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Australia Funding Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Revenues and Other Income | | | | | | | | | | | | | | |
Sales and other operating revenues | $ | - | | 4,625 | | - | | - | | 9,018 | | - | | 13,643 |
Equity in earnings of affiliates* | | 2,502 | | 2,548 | | - | | - | | 647 | | -4,988 | | 709 |
Gain on dispositions | | - | | 418 | | - | | - | | 651 | | - | | 1,069 |
Other income | | - | | 29 | | - | | - | | 20 | | - | | 49 |
Intercompany revenues* | | 21 | | 106 | | - | | 75 | | 1,338 | | -1,540 | | - |
Total Revenues and Other Income | | 2,523 | | 7,726 | | - | | 75 | | 11,674 | | -6,528 | | 15,470 |
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Costs and Expenses | | | | | | | | | | | | | | |
Purchased commodities | | - | | 3,993 | | - | | - | | 3,047 | | -1,332 | | 5,708 |
Production and operating expenses | | - | | 385 | | - | | - | | 1,580 | | -3 | | 1,962 |
Selling, general and administrative expenses | | 3 | | 193 | | - | | 1 | | 53 | | -1 | | 249 |
Exploration expenses | | - | | 158 | | - | | - | | 155 | | - | | 313 |
Depreciation, depletion and amortization | | - | | 245 | | - | | - | | 1,657 | | - | | 1,902 |
Impairments | | - | | - | | - | | - | | 1 | | - | | 1 |
Taxes other than income taxes | | - | | 55 | | - | | - | | 609 | | - | | 664 |
Accretion on discounted liabilities | | - | | 14 | | - | | - | | 92 | | - | | 106 |
Interest and debt expense* | | 156 | | 86 | | - | | 58 | | 55 | | -204 | | 151 |
Foreign currency transaction (gains) losses | | -15 | | -1 | | - | | 72 | | -47 | | - | | 9 |
Total Costs and Expenses | | 144 | | 5,128 | | - | | 131 | | 7,202 | | -1,540 | | 11,065 |
Income (loss) from continuing operations before income taxes | | 2,379 | | 2,598 | | - | | -56 | | 4,472 | | -4,988 | | 4,405 |
Provision (benefit) for income taxes | | -44 | | 96 | | - | | 7 | | 1,907 | | - | | 1,966 |
Income (Loss) From Continuing Operations | | 2,423 | | 2,502 | | - | | -63 | | 2,565 | | -4,988 | | 2,439 |
Income from discontinued operations | | 57 | | 57 | | - | | - | | 57 | | -114 | | 57 |
Net income (loss) | | 2,480 | | 2,559 | | - | | -63 | | 2,622 | | -5,102 | | 2,496 |
Less: net income attributable to noncontrolling interests | | - | | - | | - | | - | | -16 | | - | | -16 |
Net Income (Loss) Attributable to ConocoPhillips | $ | 2,480 | | 2,559 | | - | | -63 | | 2,606 | | -5,102 | | 2,480 |
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Comprehensive Income Attributable to ConocoPhillips | $ | 3,352 | | 3,431 | | - | | 17 | | 3,212 | | -6,660 | | 3,352 |
*"Interest and debt expense" for ConocoPhillips was revised to reflect contractually agreed interest rates, with offsetting adjustments in the "Equity in earnings of affiliates" and |
"Intercompany revenues" lines for ConocoPhillips, ConocoPhillips Company and All Other Subsidiaries. There was no impact to Total Consolidated balances. |
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| | | | Millions of Dollars |
| | | | Nine Months Ended September 30, 2014 |
Income Statement | | | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Revenues and Other Income | | | | | | | | | | | | | | |
Sales and other operating revenues | | | $ | - | | 15,920 | | - | | 25,396 | | - | | 41,316 |
Equity in earnings of affiliates | | | | 6,053 | | 7,063 | | - | | 2,235 | | -13,343 | | 2,008 |
Gain on dispositions | | | | - | | 3 | | - | | 17 | | - | | 20 |
Other income | | | | 1 | | 60 | | - | | 261 | | - | | 322 |
Intercompany revenues | | | | 59 | | 369 | | 214 | | 4,685 | | -5,327 | | - |
Total Revenues and Other Income | | | | 6,113 | | 23,415 | | 214 | | 32,594 | | -18,670 | | 43,666 |
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Costs and Expenses | | | | | | | | | | | | | | |
Purchased commodities | | | | - | | 13,984 | | - | | 8,060 | | -4,719 | | 17,325 |
Production and operating expenses | | | | - | | 1,255 | | - | | 4,751 | | -40 | | 5,966 |
Selling, general and administrative expenses | | | | 8 | | 416 | | 1 | | 193 | | -15 | | 603 |
Exploration expenses | | | | - | | 713 | | - | | 559 | | - | | 1,272 |
Depreciation, depletion and amortization | | | | - | | 776 | | - | | 5,282 | | - | | 6,058 |
Impairments | | | | - | | 122 | | - | | 4 | | - | | 126 |
Taxes other than income taxes | | | | - | | 233 | | - | | 1,523 | | - | | 1,756 |
Accretion on discounted liabilities | | | | - | | 43 | | - | | 314 | | - | | 357 |
Interest and debt expense | | | | 441 | | 209 | | 174 | | 204 | | -553 | | 475 |
Foreign currency transaction (gains) losses | | | | 36 | | 5 | | -196 | | 172 | | - | | 17 |
Total Costs and Expenses | | | | 485 | | 17,756 | | -21 | | 21,062 | | -5,327 | | 33,955 |
Income from continuing operations before income taxes | | | | 5,628 | | 5,659 | | 235 | | 11,532 | | -13,343 | | 9,711 |
Provision (benefit) for income taxes | | | | -149 | | -394 | | 7 | | 4,416 | | - | | 3,880 |
Income From Continuing Operations | | | | 5,777 | | 6,053 | | 228 | | 7,116 | | -13,343 | | 5,831 |
Income from discontinued operations | | | | 1,131 | | 1,131 | | - | | 114 | | -1,245 | | 1,131 |
Net income | | | | 6,908 | | 7,184 | | 228 | | 7,230 | | -14,588 | | 6,962 |
Less: net income attributable to noncontrolling interests | | | | - | | - | | - | | -54 | | - | | -54 |
Net Income Attributable to ConocoPhillips | | | $ | 6,908 | | 7,184 | | 228 | | 7,176 | | -14,588 | | 6,908 |
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Comprehensive Income Attributable to ConocoPhillips | | | $ | 5,491 | | 5,767 | | 24 | | 5,730 | | -11,521 | | 5,491 |
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| | Millions of Dollars |
| Nine Months Ended September 30, 2013 |
Income Statement | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Australia Funding Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Revenues and Other Income | | | | | | | | | | | | | | |
Sales and other operating revenues | $ | - | | 13,710 | | - | | - | | 27,449 | | - | | 41,159 |
Equity in earnings of affiliates* | | 6,771 | | 7,234 | | - | | - | | 1,803 | | -14,243 | | 1,565 |
Gain on dispositions | | - | | 419 | | - | | - | | 803 | | - | | 1,222 |
Other income | | 1 | | 237 | | - | | - | | 79 | | - | | 317 |
Intercompany revenues* | | 62 | | 341 | | 13 | | 229 | | 3,723 | | -4,368 | | - |
Total Revenues and Other Income | | 6,834 | | 21,941 | | 13 | | 229 | | 33,857 | | -18,611 | | 44,263 |
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Costs and Expenses | | | | | | | | | | | | | | |
Purchased commodities | | - | | 11,901 | | - | | - | | 8,868 | | -3,706 | | 17,063 |
Production and operating expenses | | - | | 1,106 | | - | | - | | 4,238 | | -23 | | 5,321 |
Selling, general and administrative expenses | | 9 | | 443 | | - | | 1 | | 173 | | -19 | | 607 |
Exploration expenses | | - | | 491 | | - | | - | | 420 | | - | | 911 |
Depreciation, depletion and amortization | | - | | 674 | | - | | - | | 4,867 | | - | | 5,541 |
Impairments | | - | | - | | - | | - | | 31 | | - | | 31 |
Taxes other than income taxes | | - | | 180 | | - | | - | | 2,018 | | - | | 2,198 |
Accretion on discounted liabilities | | - | | 42 | | - | | - | | 275 | | - | | 317 |
Interest and debt expense* | | 467 | | 246 | | 12 | | 176 | | 139 | | -620 | | 420 |
Foreign currency transaction (gains) losses | | 26 | | 8 | | - | | -209 | | 141 | | - | | -34 |
Total Costs and Expenses | | 502 | | 15,091 | | 12 | | -32 | | 21,170 | | -4,368 | | 32,375 |
Income from continuing operations before income taxes | | 6,332 | | 6,850 | | 1 | | 261 | | 12,687 | | -14,243 | | 11,888 |
Provision (benefit) for income taxes | | -154 | | 79 | | - | | 28 | | 5,406 | | - | | 5,359 |
Income From Continuing Operations | | 6,486 | | 6,771 | | 1 | | 233 | | 7,281 | | -14,243 | | 6,529 |
Income from discontinued operations | | 183 | | 183 | | - | | - | | 183 | | -366 | | 183 |
Net income | | 6,669 | | 6,954 | | 1 | | 233 | | 7,464 | | -14,609 | | 6,712 |
Less: net income attributable to noncontrolling interests | | - | | - | | - | | - | | -43 | | - | | -43 |
Net Income Attributable to ConocoPhillips | $ | 6,669 | | 6,954 | | 1 | | 233 | | 7,421 | | -14,609 | | 6,669 |
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Comprehensive Income Attributable to ConocoPhillips | $ | 5,294 | | 5,579 | | 1 | | 88 | | 5,747 | | -11,415 | | 5,294 |
*"Interest and debt expense" for ConocoPhillips was revised to reflect contractually agreed interest rates, with offsetting adjustments in the "Equity in earnings of affiliates" and |
"Intercompany revenues" lines for ConocoPhillips, ConocoPhillips Company and All Other Subsidiaries. There was no impact to Total Consolidated balances. |
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| | | | Millions of Dollars |
| | | | 30-Sep-14 |
Balance Sheet | | | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Assets | | | | | | | | | | | | | | |
Cash and cash equivalents | | | $ | - | | 1,182 | | 239 | | 3,987 | | - | | 5,408 |
Short-term investments | | | | - | | - | | - | | 374 | | - | | 374 |
Accounts and notes receivable | | | | 22 | | 3,102 | | 17 | | 7,266 | | -2,954 | | 7,453 |
Inventories | | | | - | | 248 | | - | | 1,082 | | - | | 1,330 |
Prepaid expenses and other current assets | | | | 11 | | 626 | | 12 | | 1,086 | | -47 | | 1,688 |
Total Current Assets | | | | 33 | | 5,158 | | 268 | | 13,795 | | -3,001 | | 16,253 |
Investments, loans and long-term receivables* | | | | 60,564 | | 75,338 | | 4,105 | | 36,674 | | -150,864 | | 25,817 |
Net properties, plants and equipment | | | | - | | 9,554 | | - | | 66,236 | | - | | 75,790 |
Other assets | | | | 42 | | 289 | | 144 | | 1,419 | | -768 | | 1,126 |
Total Assets | | | $ | 60,639 | | 90,339 | | 4,517 | | 118,124 | | -154,633 | | 118,986 |
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Liabilities and Stockholders’ Equity | | | | | | | | | | | | | | |
Accounts payable | | | $ | 1 | | 4,114 | | 6 | | 7,525 | | -2,954 | | 8,692 |
Short-term debt | | | | 1,498 | | 6 | | 6 | | 178 | | - | | 1,688 |
Accrued income and other taxes | | | | - | | 83 | | - | | 1,572 | | - | | 1,655 |
Employee benefit obligations | | | | - | | 496 | | - | | 217 | | - | | 713 |
Other accruals | | | | 115 | | 330 | | 99 | | 896 | | -47 | | 1,393 |
Total Current Liabilities | | | | 1,614 | | 5,029 | | 111 | | 10,388 | | -3,001 | | 14,141 |
Long-term debt | | | | 7,539 | | 5,204 | | 2,976 | | 3,780 | | - | | 19,499 |
Asset retirement obligations and accrued environmental costs | | | | - | | 1,330 | | - | | 8,473 | | - | | 9,803 |
Deferred income taxes | | | | - | | 663 | | - | | 15,429 | | -8 | | 16,084 |
Employee benefit obligations | | | | - | | 1,639 | | - | | 580 | | - | | 2,219 |
Other liabilities and deferred credits* | | | | 2,770 | | 10,942 | | 1,454 | | 19,443 | | -33,030 | | 1,579 |
Total Liabilities | | | | 11,923 | | 24,807 | | 4,541 | | 58,093 | | -36,039 | | 63,325 |
Retained earnings | | | | 38,930 | | 23,893 | | -1,272 | | 19,326 | | -35,426 | | 45,451 |
Other common stockholders’ equity | | | | 9,786 | | 41,639 | | 1,248 | | 40,318 | | -83,168 | | 9,823 |
Noncontrolling interests | | | | - | | - | | - | | 387 | | - | | 387 |
Total Liabilities and Stockholders’ Equity | | | $ | 60,639 | | 90,339 | | 4,517 | | 118,124 | | -154,633 | | 118,986 |
*Includes intercompany loans. |
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| | Millions of Dollars |
| | 31-Dec-13 |
Balance Sheet | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Australia Funding Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Assets | | | | | | | | | | | | | |
Cash and cash equivalents | $ | - | | 2,434 | | - | | 229 | | 3,583 | | - | | 6,246 |
Short-term investments | | - | | - | | - | | - | | 272 | | - | | 272 |
Accounts and notes receivable | | 73 | | 2,122 | | 2 | | - | | 9,267 | | -2,977 | | 8,487 |
Inventories | | - | | 174 | | - | | - | | 1,020 | | - | | 1,194 |
Prepaid expenses and other current assets | | 20 | | 535 | | - | | 35 | | 2,311 | | -77 | | 2,824 |
Total Current Assets | | 93 | | 5,265 | | 2 | | 264 | | 16,453 | | -3,054 | | 19,023 |
Investments, loans and long-term receivables* | | 86,836 | | 100,052 | | - | | 4,259 | | 34,795 | | -200,678 | | 25,264 |
Net properties, plants and equipment | | - | | 9,313 | | - | | - | | 63,514 | | - | | 72,827 |
Other assets | | 38 | | 260 | | - | | 103 | | 1,394 | | -852 | | 943 |
Total Assets | $ | 86,967 | | 114,890 | | 2 | | 4,626 | | 116,156 | | -204,584 | | 118,057 |
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Liabilities and Stockholders’ Equity | | | | | | | | | | | | | | |
Accounts payable | $ | - | | 3,388 | | - | | 4 | | 8,899 | | -2,977 | | 9,314 |
Short-term debt | | 395 | | 4 | | - | | 5 | | 185 | | - | | 589 |
Accrued income and other taxes | | - | | 223 | | - | | - | | 2,517 | | -27 | | 2,713 |
Employee benefit obligations | | - | | 566 | | - | | - | | 276 | | - | | 842 |
Other accruals | | 210 | | 639 | | - | | 81 | | 790 | | -49 | | 1,671 |
Total Current Liabilities | | 605 | | 4,820 | | - | | 90 | | 12,667 | | -3,053 | | 15,129 |
Long-term debt | | 9,047 | | 5,208 | | - | | 2,980 | | 3,838 | | - | | 21,073 |
Asset retirement obligations and accrued environmental costs | | - | | 1,289 | | - | | - | | 8,594 | | - | | 9,883 |
Deferred income taxes | | 94 | | 557 | | - | | - | | 14,569 | | - | | 15,220 |
Employee benefit obligations | | - | | 1,791 | | - | | - | | 668 | | - | | 2,459 |
Other liabilities and deferred credits* | | 31,693 | | 9,422 | | - | | 1,603 | | 22,204 | | -63,121 | | 1,801 |
Total Liabilities | | 41,439 | | 23,087 | | - | | 4,673 | | 62,540 | | -66,174 | | 65,565 |
Retained earnings | | 34,636 | | 31,835 | | - | | -1,500 | | 12,848 | | -36,659 | | 41,160 |
Other common stockholders’ equity | | 10,892 | | 59,968 | | 2 | | 1,453 | | 40,366 | | -101,751 | | 10,930 |
Noncontrolling interests | | - | | - | | - | | - | | 402 | | - | | 402 |
Total Liabilities and Stockholders’ Equity | $ | 86,967 | | 114,890 | | 2 | | 4,626 | | 116,156 | | -204,584 | | 118,057 |
*Includes intercompany loans. | | |
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| | | | Millions of Dollars |
| | | Nine Months Ended September 30, 2014 |
Statement of Cash Flows | | | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
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Cash Flows From Operating Activities | | | | | | | | | | | | | | |
Net cash provided by (used in) continuing operating activities | | | $ | 14,722 | | -146 | | 10 | | 14,423 | | -15,014 | | 13,995 |
Net cash provided by discontinued operations | | - | | 202 | | - | | 394 | | -453 | | 143 |
Net Cash Provided by Operating Activities | | | | 14,722 | | 56 | | 10 | | 14,817 | | -15,467 | | 14,138 |
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Cash Flows From Investing Activities | | | | | | | | | | | | | | |
Capital expenditures and investments | | | | - | | -3,235 | | - | | -11,132 | | 1,638 | | -12,729 |
Proceeds from asset dispositions | | | | 16,912 | | 1,386 | | - | | 105 | | -16,969 | | 1,434 |
Net purchases of short-term investments | | | | - | | - | | - | | -109 | | - | | -109 |
Long-term advances/loans—related parties | | | | - | | -635 | | - | | -7 | | 642 | | - |
Collection of advances/loans—related parties | | | | - | | 47 | | - | | 112 | | -16 | | 143 |
Intercompany cash management | | | | -28,922 | | 33,392 | | - | | -4,470 | | - | | - |
Other | | | | - | | -429 | | - | | -25 | | - | | -454 |
Net cash provided by (used in) continuing investing activities | | -12,010 | | 30,526 | | - | | -15,526 | | -14,705 | | -11,715 |
Net cash provided by (used in) discontinued operations | | | | - | | 133 | | - | | -59 | | -133 | | -59 |
Net Cash Provided by (Used in) Investing Activities | | | | -12,010 | | 30,659 | | - | | -15,585 | | -14,838 | | -11,774 |
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Cash Flows From Financing Activities | | | | | | | | | | | | | | |
Issuance of debt | | | | - | | - | | - | | 642 | | -642 | | - |
Repayment of debt | | | | -400 | | -16 | | - | | -105 | | 16 | | -505 |
Issuance of company common stock | | | | 308 | | - | | - | | - | | -281 | | 27 |
Dividends paid | | | | -2,618 | | -15,088 | | - | | -458 | | 15,546 | | -2,618 |
Other | | | | -2 | | -16,863 | | - | | 1,514 | | 15,331 | | -20 |
Net cash provided by (used in) continuing financing activities | | | | -2,712 | | -31,967 | | - | | 1,593 | | 29,970 | | -3,116 |
Net cash used in discontinued operations | | | | - | | - | | - | | -335 | | 335 | | - |
Net Cash Provided by (Used in) Financing Activities | | | | -2,712 | | -31,967 | | - | | 1,258 | | 30,305 | | -3,116 |
| | | | | | | | | | | | | | | |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | | | | - | | - | | - | | -86 | | - | | -86 |
|
Net Change in Cash and Cash Equivalents | | | | - | | -1,252 | | 10 | | 404 | | - | | -838 |
Cash and cash equivalents at beginning of period | | | | - | | 2,434 | | 229 | | 3,583 | | - | | 6,246 |
Cash and Cash Equivalents at End of Period | | | $ | - | | 1,182 | | 239 | | 3,987 | | - | | 5,408 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | Millions of Dollars |
| | Nine Months Ended September 30, 2013* |
Statement of Cash Flows | ConocoPhillips | | ConocoPhillips Company | | ConocoPhillips Australia Funding Company | | ConocoPhillips Canada Funding Company I | | All Other Subsidiaries | | Consolidating Adjustments | | Total Consolidated |
| | | | | | | | | | | | | | | |
Cash Flows From Operating Activities | | | | | | | | | | | | | | |
Net cash provided by (used in) continuing operating activities | $ | -377 | | 2,959 | | -2 | | -1 | | 10,978 | | -1,616 | | 11,941 |
Net cash provided by discontinued operations | | - | | 91 | | - | | - | | 579 | | -435 | | 235 |
Net Cash Provided by (Used in) Operating Activities | | -377 | | 3,050 | | -2 | | -1 | | 11,557 | | -2,051 | | 12,176 |
|
Cash Flows From Investing Activities | | | | | | | | | | | | | | |
Capital expenditures and investments | | - | | -1,456 | | - | | - | | -9,825 | | - | | -11,281 |
Proceeds from asset dispositions | | - | | 581 | | - | | - | | 2,646 | | -52 | | 3,175 |
Net sales of short-term investments | | - | | - | | - | | - | | 1 | | - | | 1 |
Long-term advances/loans—related parties | | - | | -283 | | - | | - | | -541 | | 824 | | - |
Collection of advances/loans—related parties | | - | | 153 | | 750 | | 2 | | 2,026 | | -2,801 | | 130 |
Intercompany cash management | | 1,793 | | -432 | | - | | - | | -1,361 | | - | | - |
Other | | - | | 3 | | - | | - | | -54 | | - | | -51 |
Net cash provided by (used in) continuing investing activities | | 1,793 | | -1,434 | | 750 | | 2 | | -7,108 | | -2,029 | | -8,026 |
Net cash used in discontinued operations | | - | | -52 | | - | | - | | -540 | | 52 | | -540 |
Net Cash Provided by (Used in) Investing Activities | | 1,793 | | -1,486 | | 750 | | 2 | | -7,648 | | -1,977 | | -8,566 |
|
Cash Flows From Financing Activities | | | | | | | | | | | | | | |
Issuance of debt | | - | | 523 | | - | | - | | 301 | | -824 | | - |
Repayment of debt | | - | | -1,939 | | -750 | | - | | -1,058 | | 2,801 | | -946 |
Change in restricted cash | | 748 | | - | | - | | - | | - | | - | | 748 |
Issuance of company common stock | | 313 | | - | | - | | - | | - | | -301 | | 12 |
Dividends paid | | -2,481 | | - | | -4 | | - | | -2,257 | | 2,261 | | -2,481 |
Other | | 2 | | 39 | | - | | - | | -686 | | 52 | | -593 |
Net cash used in continuing financing activities | | -1,418 | | -1,377 | | -754 | | - | | -3,700 | | 3,989 | | -3,260 |
Net cash used in discontinued operations | | - | | - | | - | | - | | -39 | | 39 | | - |
Net Cash Used in Financing Activities | | -1,418 | | -1,377 | | -754 | | - | | -3,739 | | 4,028 | | -3,260 |
|
Effect of Exchange Rate Changes on Cash and Cash Equivalents | | - | | -9 | | - | | - | | -76 | | - | | -85 |
|
Net Change in Cash and Cash Equivalents | | -2 | | 178 | | -6 | | 1 | | 94 | | - | | 265 |
Cash and cash equivalents at beginning of period | | 2 | | 12 | | 6 | | 59 | | 3,539 | | - | | 3,618 |
Cash and Cash Equivalents at End of Period | $ | - | | 190 | | - | | 60 | | 3,633 | | - | | 3,883 |
*Revised to reflect intercompany cash management activities previously presented as cash flows from continuing operating activities as both continuing activities and discontinued |
operations in "Cash Flows from Investing Activities" and "Cash Flows From Financing Activities." There was no impact on Total Consolidated balances. |