Occidental Petroleum Corporation
Earnings Per Share
Reconciliation to Generally Accepted Accounting Principles (GAAP)
($/share)
Three Months Ended December 31,
Reconciliation - Diluted Earnings Per Share Reported Diluted Earnings (Loss) Per Share (GAAP)
Less: After-Tax Non-Core Adjustments
Oil & Gas
Domestic Foreign Exploration
Chemical
Marketing and Other Midstream Corporate
Interest Other Taxes
Discontinued Operations
Net Income Attributable to Noncontrolling Interests Total After-Tax Non-Core Adjustments
Core Diluted Earnings Per Share (Non-GAAP)
Average Diluted Shares Outstanding (millions)
2020
$
(1.41) $
2019
(1.50)
Year Ended December 31, 2020 2019
$
(17.06) $ (1.22)
The difference between reported average diluted shares outstanding and core average diluted shares outstanding is immaterial and does not impact the calculation of core earnings per share. As such, core earnings per share is calculated as core income divided by reported average diluted shares outstanding.
Occidental Petroleum Corporation
Adjusted Operating Cash Flow before Working Capital and Free Cash Flow
Reconciliation to Generally Accepted Accounting Principles (GAAP)
($/MM)
Adjusted Operating Cash Flow From Continuing Operations Before Working Capital (Non-GAAP)
Operating cash flow from continuing operations (GAAP)
Plus: Working capital and other, net
Operating cash flow from continuing operations before working capital (Non-GAAP)
Add back one-time impacts from:
Tax impact on divestitures
Anadarko merger-related costs
Adjusted operating cash flow from continuing operations before working capital (Non-GAAP)Free Cash Flow (Non-GAAP)
Operating cash flow from continuing operations (GAAP)
Plus: Working capital and other, net
Operating cash flow from continuing operations before working capital (Non-GAAP)
Less: Capital Expenditures (GAAP)
Free Cash Flow (Non-GAAP)
Three Months Ended December 31,2020
2019
$
1,367 38 1,405
$
1,863 453 2,316
- 37
(643) 673
$
1,442
$
2,346
Three Months Ended, 9/30/2020 12/31/2020
$
$
815 | $ | 1,367 |
829 | 38 | |
1,644 | 1,405 | |
(246) | (614) | |
1,398 | $ | 791 |
Year Ended December 31, 2020 2019
$
3,842 $ 1,278
4,375 (1,669)
5,120 2,706
- 237
339 1,597
$
5,459
$
4,540
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OXY - Occidental Petroleum Corporation published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2021 21:15:09 UTC.