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Corporate > Statements of cash flow |
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2000 |
1999 |
1998 |
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| (in millions) |
$ |
€ |
€ |
€ |
|
|
| Cash Flow from Operating Activities |
|
|
|
|
|
| Consolidated net income |
6,659 |
7,208 |
3,686 |
1,928 |
|
| Depreciation, depletion and amortization |
5,137 |
5,561 |
4,998 |
5,345 |
|
| Long-term liabilities, valuation allowances and deferred taxes |
1,406 |
1,522 |
1,119 |
624 |
|
| Impact related to coverage of pension benefit plans |
(456) |
(494) |
- |
- |
|
| Unsuccessful exploration costs |
475 |
514 |
477 |
604 |
|
| (Gains)/losses on sales of assets |
(411) |
(445) |
(1,667) |
(408) |
|
Equity in income of affiliates (in excess of)/
less than dividends received |
(375) |
(406) |
(174) |
(217) |
|
| Other changes, net |
(3) |
(3) |
86 |
88 |
|
|
Cash flow from operating activities before
changes in working capital |
12,432 |
13,457 |
8,525 |
7,964 |
|
| Reserve for crude oil price changes |
776 |
840 |
1,790 |
(420) |
|
| Decrease (Increase) in operating assets and liabilities |
(839) |
(908) |
(3,303) |
172 |
|
|
| Cash Flow from Operating Activities |
12,369 |
13,389 |
7,012 |
7,716 |
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| Cash Flow from Investing Activities |
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| Intangible assets and property, plant and equipment additions |
(6,089) |
(6,591) |
(6,600) |
(6,662) |
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| Exploration costs directly charged to expense |
(419) |
(454) |
(422) |
(551) |
|
| Acquisition of subsidiaries, net of cash acquired |
(183) |
(198) |
(530) |
(367) |
|
| Investments in equity affiliates and other securities |
(274) |
(297) |
(385) |
(594) |
|
| Increase in long-term loans |
(738) |
(799) |
(558) |
(628) |
|
|
| Total expenditures |
(7,703) |
(8,339) |
(8,495) |
(8,802) |
|
|
Proceeds from sale of intangible assets, property,
plant and equipment |
884 |
957 |
499 |
392 |
|
| Proceeds from sale of subsidiaries, net of cash sold |
63 |
68 |
457 |
201 |
|
| Proceeds from sale of noncurrent investments |
1,487 |
1,610 |
374 |
397 |
|
| Repayment of long-term loans |
560 |
606 |
420 |
431 |
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| Total divestitures |
2,994 |
3,241 |
1,750 |
1,421 |
|
| Increase (Decrease) in short-term investments |
(38) |
(41) |
178 |
(309) |
|
|
| Cash Flow Provided by (Used in) Investing Activities |
(4,747) |
(5,139) |
(6,567) |
(7,690) |
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| Cash Flow from Financing Activities |
|
|
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Issuance and repayment of shares :
Parent company's shareholders |
204 |
221 |
46 |
17 |
|
| Share buyback |
(1,800) |
(1,948) |
- |
- |
|
| Minority shareholders |
20 |
22 |
(424) |
(30) |
|
| Subsidiaries redeemable preferred shares |
(100) |
(108) |
(406) |
(243) |
|
Cash dividend paid :
Parent company's shareholders |
(1,507) |
(1,631) |
(687) |
(479) |
|
| Minority shareholders |
(185) |
(200) |
(908) |
(971) |
|
| Net issuance (repayment) of long-term debt |
1,047 |
1,133 |
2,478 |
1,508 |
|
Increase (Decrease) in short-term borrowings
and bank overdrafts |
(4,575) |
(4,952) |
698 |
(189) |
|
| Other changes, net |
(26) |
(28) |
(55) |
(76) |
|
|
| Cash Flow Provided by (Used in) Financing Activities |
(6,922) |
(7,491) |
(742) |
(463) |
|
|
| Net Increase (Decrease) in Cash and Cash Equivalents |
700 |
759 |
1,187 |
(437) |
|
|
Effect of exchange rates and changes in reporting
entity on cash and cash equivalents |
(389) |
(100) |
(195) |
44 |
|
| Cash and cash equivalents at the beginning of the year |
3,969 |
3,941 |
2,949 |
3,342 |
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| Cash and cash equivalents at the End of the Year |
4,280 |
4,600 |
3,941 |
2,949 |
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