Cash flow ConocoPhillips

Equities

COP

US20825C1045

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2025-01-13 pm EST			5-day change	1st Jan Change
104.23 ^USD	+2.27%		+4.24%	+5.10%

Jan. 13	Truist Securities Adjusts Price Target on ConocoPhillips to $139 From $138	MT
Jan. 13	BofA Adjusts Price Target on ConocoPhillips to $138 From $145, Keeps Buy Rating	MT

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Published financial data: CONOCOPHILLIPS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	32.57B	18.78B	45.83B	78.49B	56.14B
Other Revenues, Total	779M	432M	832M	2.08B	1.72B
Total Revenues	33.35B	19.22B	46.66B	80.58B	57.86B
Cost of Goods Sold, Total	17.16B	12.42B	23.72B	40.98B	29.67B
Gross Profit	16.18B	6.79B	22.94B	39.6B	28.19B
Selling General & Admin Expenses, Total	639M	442M	740M	588M	732M
Exploration / Drilling Costs, Total	522M	589M	326M	475M	345M
Depreciation & Amortization - (IS)	6.09B	5.52B	7.21B	7.5B	8.27B
Impairment of Oil, Gas & Mineral Properties - (IS)	221M	868M	10M	89M	53M
Other Operating Expenses	1.28B	1B	1.85B	3.61B	2.36B
Other Operating Expenses, Total	8.75B	8.42B	10.14B	12.27B	11.76B
Operating Income	7.44B	-1.63B	12.8B	27.33B	16.43B
Interest Expense, Total	-778M	-806M	-884M	-805M	-780M
Interest And Investment Income	166M	100M	33M	195M	412M
Net Interest Expenses	-612M	-706M	-851M	-610M	-368M
Currency Exchange Gains (Loss)	-66M	72M	22M	100M	-92M
Other Non Operating Income (Expenses)	557M	241M	120M	-20M	110M
EBT, Excl. Unusual Items	7.31B	-2.02B	12.09B	26.8B	16.08B
Restructuring Charges	-	-	-232M	-	-
Gain (Loss) On Sale Of Investments	649M	-855M	1.04B	251M	-
Gain (Loss) On Sale Of Assets	1.97B	549M	486M	1.08B	228M
Asset Writedown	-405M	-813M	-674M	12M	-14M
Other Unusual Items	-	-	-	90M	-6M
EBT, Incl. Unusual Items	9.52B	-3.14B	12.71B	28.23B	16.29B
Income Tax Expense	2.27B	-485M	4.63B	9.55B	5.33B
Earnings From Continuing Operations	7.26B	-2.66B	8.08B	18.68B	10.96B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	7.26B	-2.66B	8.08B	18.68B	10.96B
Minority Interest	-68M	-46M	-	-	-
Net Income - (IS)	7.19B	-2.7B	8.08B	18.68B	10.96B
Preferred Dividend and Other Adjustments	-	-	-	60M	35M
Net Income to Common Incl Extra Items	7.19B	-2.7B	8.08B	18.62B	10.92B
Net Income to Common Excl. Extra Items	7.19B	-2.7B	8.08B	18.62B	10.92B
Per Share Items
Net EPS - Basic	6.43	-2.51	6.1	14.62	9.08
Basic EPS - Continuing Operations	6.43	-2.51	6.1	14.62	9.08
Basic Weighted Average Shares Outstanding	1.12B	1.08B	1.32B	1.27B	1.2B
Net EPS - Diluted	6.4	-2.51	6.07	14.57	9.06
Diluted EPS - Continuing Operations	6.4	-2.51	6.07	14.57	9.06
Diluted Weighted Average Shares Outstanding	1.12B	1.08B	1.33B	1.28B	1.21B
Normalized Basic EPS	4.03	-1.21	5.71	13.15	8.36
Normalized Diluted EPS	4.01	-1.21	5.69	13.1	8.34
Dividend Per Share	1.34	1.69	1.75	4.49	4.61
Payout Ratio	20.87	-67.79	29.2	30.65	50.95
American Depositary Receipts Ratio (ADR)	0.08	0.08	0.08	0.08	0.08
Supplemental Items
EBITDA	13.75B	4.76B	20.02B	34.92B	24.75B
EBITA	7.44B	-1.63B	12.8B	27.33B	16.43B
EBIT	7.44B	-1.63B	12.8B	27.33B	16.43B
EBITDAR	14.16B	5.12B	20.32B	35.02B	25.02B
Total Revenues (As Reported)	36.67B	19.26B	48.35B	82.16B	58.57B
Effective Tax Rate - (Ratio)	23.8	15.45	36.45	33.82	32.73
Current Domestic Taxes	166M	-1M	159M	1.65B	1.26B
Current Foreign Taxes	2.54B	350M	3.13B	5.81B	2.93B
Total Current Taxes	2.71B	349M	3.29B	7.46B	4.19B
Deferred Domestic Taxes	-121M	-764M	1.28B	1.7B	890M
Deferred Foreign Taxes	-323M	-70M	66M	387M	254M
Total Deferred Taxes	-444M	-834M	1.35B	2.09B	1.14B
Normalized Net Income	4.5B	-1.31B	7.56B	16.75B	10.05B
Interest Capitalized	57M	55M	62M	58M	153M
Interest on Long-Term Debt	37M	34M	27M	32M	35M
Non-Cash Pension Expense	110M	36M	121M	36M	69M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	82M	75M	62M	71M	81M
Exploration/Drilling Costs	322M	374M	292M	224M	236M
Net Rental Expense, Total	418M	363M	299M	94M	269M
Imputed Operating Lease Interest Expense	181M	156M	123M	34.35M	109M
Imputed Operating Lease Depreciation	237M	207M	176M	59.65M	160M
Stock-Based Comp., Other (Total)	274M	159M	304M	377M	334M
Total Stock-Based Compensation	274M	159M	304M	377M	334M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.09B	2.99B	5.03B	6.46B	5.64B
Short Term Investments	5.14B	4.86B	1.56B	2.78B	971M
Total Cash And Short Term Investments	10.23B	7.86B	6.59B	9.24B	6.61B
Accounts Receivable, Total	3.28B	2.65B	6.56B	7.09B	5.47B
Notes Receivable	120M	106M	114M	-	-
Total Receivables	3.4B	2.75B	6.67B	7.09B	5.47B
Inventory	1.03B	1B	1.21B	1.22B	1.4B
Prepaid Expenses	214M	129M	233M	-596M	241M
Restricted Cash	90M	94M	152M	-	-
Other Current Assets, Total	1.96B	231M	1.2B	1.8B	611M
Total Current Assets	16.91B	12.07B	16.05B	18.75B	14.33B
Gross Property Plant And Equipment	98.64B	103B	130B	132B	145B
Accumulated Depreciation	-55.48B	-62.21B	-64.74B	-66.63B	-74.36B
Net Property Plant And Equipment	43.16B	40.68B	65.56B	65.4B	70.74B
Long-term Investments	8.44B	7.88B	7.02B	8.08B	8.99B
Loans Receivable Long-Term	219M	114M	-	-	-
Other Long-Term Assets, Total	1.77B	1.88B	2.04B	1.6B	1.87B
Total Assets	70.51B	62.62B	90.66B	93.83B	95.92B
Liabilities
Accounts Payable, Total	3.2B	2.7B	5.02B	6.16B	5.08B
Accrued Expenses, Total	1.03B	962M	1.22B	958M	1.09B
Current Portion of Long-Term Debt	18M	451M	920M	133M	783M
Current Portion of Leases	434M	394M	468M	439M	484M
Current Income Taxes Payable	1.03B	320M	2.86B	3.19B	1.81B
Other Current Liabilities	1.33B	541M	1.53B	1.96B	758M
Total Current Liabilities	7.04B	5.37B	12.02B	12.85B	10B
Long-Term Debt	14.16B	14.03B	17.75B	15.19B	17.02B
Long-Term Leases	1.22B	1.28B	1.46B	1.43B	1.34B
Pension & Other Post Retirement Benefits	1.78B	1.7B	1.15B	1.07B	1.01B
Deferred Tax Liability Non Current	4.63B	3.75B	6.18B	7.73B	8.81B
Other Non Current Liabilities	6.63B	6.65B	6.69B	7.56B	8.45B
Total Liabilities	35.46B	32.77B	45.26B	45.83B	46.64B
Common Stock, Total	18M	18M	21M	21M	21M
Additional Paid In Capital	46.98B	47.13B	60.58B	61.14B	61.3B
Retained Earnings	39.74B	35.21B	40.67B	53.03B	59.27B
Treasury Stock	-46.4B	-47.3B	-50.92B	-60.19B	-65.64B
Comprehensive Income and Other	-5.36B	-5.22B	-4.95B	-6B	-5.67B
Total Common Equity	34.98B	29.85B	45.41B	48B	49.28B
Minority Interest	69M	-	-	-	-
Total Equity	35.05B	29.85B	45.41B	48B	49.28B
Total Liabilities And Equity	70.51B	62.62B	90.66B	93.83B	95.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.08B	1.35B	1.3B	1.22B	1.18B
ECS Total Common Shares Outstanding	1.08B	1.07B	1.3B	1.22B	1.18B
Book Value / Share	32.24	27.95	34.87	39.22	41.83
Tangible Book Value	34.98B	29.85B	45.41B	48B	49.28B
Tangible Book Value Per Share	32.24	27.95	34.87	39.22	41.83
Total Debt	15.83B	16.15B	20.6B	17.19B	19.63B
Net Debt	5.6B	8.3B	14.01B	7.94B	13.03B
Debt Equivalent of Unfunded Proj. Benefit Obligation	302M	388M	-428M	196M	0
Debt Equivalent Oper. Leases	3.34B	2.9B	2.39B	752M	2.15B
Minority Interest, Total (Incl. Fin. Div)	69M	-	-	-	-
Equity Method Investments, Total	8.23B	-	6.7B	7.49B	7.9B
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-155M	-87M	-251M	-149M	-91M
Inventories - Raw Materials, Total	554M	541M	561M	578M	722M
Inventories - Finished Goods, Total	472M	461M	647M	641M	676M
Full Time Employees	10.4K	9.7K	9.9K	9.5K	9.9K
Accumulated Allowance for Doubtful Accounts (Supple)	13M	4M	2M	2M	3M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	7.19B	-2.7B	8.08B	18.68B	10.96B
Depreciation & Amortization - CF	6.09B	5.52B	7.21B	7.5B	8.27B
Impairment of Oil, Gas & Mineral Properties - (CF)	221M	868M	10M	89M	53M
Depreciation & Amortization, Total	6.31B	6.39B	7.22B	7.59B	8.32B
(Gain) Loss From Sale Of Asset	-1.97B	-549M	-486M	-1.08B	-228M
(Gain) Loss on Sale of Investments - (CF)	-	855M	-1.04B	-251M	-
Asset Writedown & Restructuring Costs	405M	813M	674M	-12M	14M
(Income) Loss On Equity Investments - (CF)	594M	645M	446M	942M	964M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-850M	-278M	834M	2.67B	1.32B
Change In Accounts Receivable	505M	521M	-2.5B	-963M	1.33B
Change In Inventories	-67M	-25M	-160M	-38M	-103M
Change In Accounts Payable	-378M	-249M	1.4B	901M	-1.12B
Change In Income Taxes	-676M	-695M	3.18B	39M	-1.83B
Change in Other Net Operating Assets	37M	76M	-649M	-173M	337M
Cash from Operations	11.1B	4.8B	17B	28.31B	19.96B
Capital Expenditure	-6.64B	-4.72B	-5.32B	-10.16B	-11.25B
Sale of Property, Plant, and Equipment	3.01B	1.32B	1.65B	3.47B	632M
Cash Acquisitions	-	-	-8.29B	-60M	-2.72B
Investment in Marketable and Equity Securities, Total	-2.91B	-658M	3.09B	-2.63B	1.37B
Other Investing Activities, Total	-84M	-65M	326M	636M	-33M
Cash from Investing	-6.62B	-4.12B	-8.54B	-8.74B	-12B
Long-Term Debt Issued, Total	-	300M	-	2.9B	3.79B
Total Debt Issued	-	300M	-	2.9B	3.79B
Long-Term Debt Repaid, Total	-80M	-254M	-505M	-6.27B	-1.38B
Total Debt Repaid	-80M	-254M	-505M	-6.27B	-1.38B
Issuance of Common Stock	-	-	145M	362M	-
Repurchase of Common Stock	-3.5B	-892M	-3.62B	-9.27B	-5.4B
Common Dividends Paid	-1.5B	-1.83B	-2.36B	-5.73B	-5.58B
Common & Preferred Stock Dividends Paid	-1.5B	-1.83B	-2.36B	-5.73B	-5.58B
Other Financing Activities, Total	-149M	-31M	7M	-49M	-86M
Cash from Financing	-5.23B	-2.71B	-6.34B	-18.05B	-8.66B
Foreign Exchange Rate Adjustments	-46M	-20M	-34M	-224M	-99M
Net Change in Cash	-789M	-2.05B	2.08B	1.3B	-795M
Supplemental Items
Cash Interest Paid	810M	785M	924M	-	701M
Cash Income Tax Paid (Refund)	2.9B	905M	856M	-	5.41B
Levered Free Cash Flow	2.38B	718M	10.51B	15.98B	5.44B
Unlevered Free Cash Flow	2.87B	1.22B	11.06B	16.49B	5.92B
Change In Net Working Capital	1.73B	-406M	-863M	-1.6B	1.76B
Net Debt Issued / Repaid	-80M	46M	-505M	-3.37B	2.41B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.62	-1.53	10.44	18.52	10.82
Return on Total Capital	9.49	-2.1	14.29	26.04	15.31
Return On Equity %	21.63	-8.18	21.47	40	22.53
Return on Common Equity	21.49	-8.33	21.47	39.87	22.45
Margin Analysis
Gross Profit Margin %	48.53	35.36	49.16	49.14	48.73
SG&A Margin	1.92	2.3	1.59	0.73	1.27
EBITDA Margin %	41.22	24.78	42.9	43.34	42.78
EBITA Margin %	22.3	-8.47	27.43	33.92	28.4
EBIT Margin %	22.3	-8.47	27.43	33.92	28.4
Income From Continuing Operations Margin %	21.76	-13.82	17.31	23.18	18.94
Net Income Margin %	21.56	-14.06	17.31	23.18	18.94
Net Avail. For Common Margin %	21.56	-14.06	17.31	23.11	18.88
Normalized Net Income Margin	13.5	-6.81	16.2	20.79	17.37
Levered Free Cash Flow Margin	7.14	3.74	22.52	19.84	9.39
Unlevered Free Cash Flow Margin	8.6	6.36	23.71	20.46	10.24
Asset Turnover
Asset Turnover	0.47	0.29	0.61	0.87	0.61
Fixed Assets Turnover	0.75	0.46	0.88	1.23	0.85
Receivables Turnover (Average Receivables)	9.03	6.34	9.96	11.41	8.94
Inventory Turnover (Average Inventory)	16.89	12.25	21.47	33.77	22.67
Short Term Liquidity
Current Ratio	2.4	2.25	1.34	1.46	1.43
Quick Ratio	1.92	1.96	1.09	1.27	1.21
Operating Cash Flow to Current Liabilities	1.58	0.89	1.41	2.2	2
Days Sales Outstanding (Average Receivables)	40.43	57.76	36.65	31.99	40.84
Days Outstanding Inventory (Average Inventory)	21.62	29.88	17	10.81	16.1
Average Days Payable Outstanding	75.36	87.06	58.68	49.81	68.76
Cash Conversion Cycle (Average Days)	-13.31	0.58	-5.02	-7.02	-11.83
Long Term Solvency
Total Debt/Equity	45.16	54.12	45.37	35.81	39.84
Total Debt / Total Capital	31.11	35.12	31.21	26.37	28.49
LT Debt/Equity	43.87	51.29	42.31	34.61	37.27
Long-Term Debt / Total Capital	30.22	33.28	29.11	25.49	26.65
Total Liabilities / Total Assets	50.29	52.33	49.92	48.84	48.63
EBIT / Interest Expense