| Statement of cash flow |
|
|
|
|
|
|
|
| |
2001
|
2000
|
1999
|
1998
|
| (in millions) |
$
|
€
|
€
|
€
|
€
|
|
| Cash Flow from Operating
Activities |
|
|
|
|
|
| Consolidated net income |
7,007
|
7,824
|
7,208
|
3,686
|
1,928
|
| Depreciation, depletion and amortization |
4,827
|
5,390
|
5,561
|
4,998
|
5,345
|
| Long-term liabilities, valuation
allowances |
|
|
|
|
|
| and deferred taxes |
1,033
|
1,153
|
1,522
|
1,119
|
624
|
| Impact of coverage of pension
benefit plans |
(402)
|
(449)
|
(494)
|
-
|
-
|
| Unsuccessful exploration costs |
511
|
571
|
514
|
477
|
604
|
| (Gains)/losses on sales of assets |
(1,554)
|
(1,735)
|
(445)
|
(1,667)
|
(408)
|
| Equity in income of affiliates
|
|
|
|
|
|
| (in excess of)/less than dividends
received |
(635)
|
(709)
|
(406)
|
(174)
|
(217)
|
| Other changes, net |
(50)
|
(56)
|
(3)
|
86
|
88
|
|
| Cash flow from operating activities
|
|
|
|
|
|
| before changes in working capital |
10,737
|
11,989
|
13,457
|
8,525
|
7,964
|
| Decrease (Increase) in operating
assets and liabilities |
281
|
314
|
(68)
|
(1,513)
|
(248)
|
|
| Cash Flow from Operating
Activities |
11,018
|
12,303
|
13,389
|
7,012
|
7,716
|
|
|
Cash Flow from Investing Activities |
|
|
|
|
|
| Intangible assets and property,
|
|
|
|
|
|
| plant and equipment additions |
(6,732)
|
(7,517)
|
(6,591)
|
(6,600)
|
(6,662)
|
| Exploration costs directly charged
to expense |
(467)
|
(521)
|
(454)
|
(422)
|
(551)
|
| Acquisition of subsidiaries,
net of cash acquired |
(941)
|
(1,051)
|
(198)
|
(530)
|
(367)
|
| Investments in equity affiliates
and other securities |
(483)
|
(539)
|
(297)
|
(385)
|
(594)
|
| Increase in long-term loans |
(840)
|
(938)
|
(799)
|
(558)
|
(628)
|
|
| Total expenditures |
(9,463)
|
(10,566)
|
(8,339)
|
(8,495)
|
(8,802)
|
|
|
| Proceeds from sale of intangible
assets, |
|
|
|
|
|
| property, plant and equipment |
366
|
409
|
957
|
499
|
392
|
| Proceeds from sale of subsidiaries,
net of cash sold |
646
|
721
|
68
|
457
|
201
|
| Proceeds from sale of non-current
investments |
4,150
|
4,634
|
1,610
|
374
|
397
|
| Repayment of long-term loans |
1,111
|
1,240
|
606
|
420
|
431
|
|
| Total divestitures |
6,273
|
7,004
|
3,241
|
1,750
|
1,421
|
|
| (Increase) Decrease in short-term
investments |
(383)
|
(428)
|
(41)
|
178
|
(309)
|
|
| Cash Flow from Investing
Activities |
(3,573)
|
(3,990)
|
(5,139)
|
(6,567)
|
(7,690)
|
|
|
Cash Flow from Financing Activities |
|
|
|
|
|
| Issuance and repayment of shares: |
|
|
|
|
|
| Parent company’s shareholders |
21
|
24
|
221
|
46
|
17
|
| Share buyback |
(5,020)
|
(5,605)
|
(1,948)
|
-
|
-
|
| Minority shareholders |
11
|
12
|
22
|
(424)
|
(30)
|
| Subsidiaries redeemable preferred
shares |
-
|
-
|
(108)
|
(406)
|
(243)
|
| Cash dividend paid: |
|
|
|
|
|
| Parent company’s shareholders |
(2,040)
|
(2,278)
|
(1,631)
|
(687)
|
(479)
|
| Minority shareholders |
(135)
|
(151)
|
(200)
|
(908)
|
(971)
|
| Net issuance (repayment) of long-term
debt |
(166)
|
(185)
|
1,133
|
2,478
|
1,508
|
| Increase (Decrease) |
|
|
|
|
|
| in short-term borrowings and
bank overdrafts |
(1,191)
|
(1,330)
|
(4,952)
|
698
|
(189)
|
| Other changes, net |
(17)
|
(19)
|
(28)
|
(55)
|
(76)
|
|
| Cash Flow from Financing
Activities |
(8,537)
|
(9,532)
|
(7,491)
|
742
|
(463)
|
|
| Net Increase (Decrease)
|
|
|
|
|
|
| in Cash and Cash Equivalents |
(1,092)
|
(1,219)
|
759
|
1,187
|
(437)
|
|
| Effect of exchange rates and
changes |
|
|
|
|
|
| in reporting entity on cash and
cash equivalents |
(38)
|
193
|
(100)
|
(195)
|
44
|
| Cash and cash equivalents |
|
|
|
|
|
| at the beginning of the year |
4,280
|
4,600
|
3,941
|
2,949
|
3,342
|
|
| Cash and cash equivalents
|
|
|
|
|
|
| at the End of the Year |
3,150
|
3,574
|
4,600
|
3,941
|
2,949
|
|
|
|
