IMPERIAL OIL LIMITED (IMO) FY2024 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-06-30

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IMPERIAL OIL LIMITED cash flow reconciliation, Jan 1, 2024 through Jun 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $2,328,000,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $1,375,000,000.00Depreciation and depletion → Operating adjustments reconciliation: $946,000,000.00Inventories, materials, supplies and prepaid expenses → Operating adjustments reconciliation: $50,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $377,000,000.00Operating adjustments reconciliation → Accounts receivable: $1,588,000,000.00Operating adjustments reconciliation → Deferred income taxes and other: $239,000,000.00Operating adjustments reconciliation → Income taxes payable: $161,000,000.00Operating adjustments reconciliation → (Gain) loss on asset sales (note 3): $3,000,000.00Operating adjustments reconciliation → All other items - net: $3,000,000.00Loans to equity companies - net → investing reconciliation: $14,000,000.00Proceeds from asset sales (note 3) → investing reconciliation: $7,000,000.00investing reconciliation → Additions to property, plant and equipment: $958,000,000.00Net cash used in financing activities → financing reconciliation: $612,000,000.00financing reconciliation → Dividends paid: $599,000,000.00financing reconciliation → Finance lease obligations - reduction (note 6): $13,000,000.00Net cash used in investing activities → investing reconciliation: $937,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $864,000,000.00Net cash from operating activities → Cash sources and uses: $2,705,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,020,000,000.00Cash sources and uses → Net cash used in investing activities: $937,000,000.00Cash sources and uses → Net cash used in financing activities: $612,000,000.00Net income (loss): $2,328,000,000.00Net income (loss)+$2.33 BDepreciation and depletion: $946,000,000.00Depreciation & depletion+$946.00 M(Gain) loss on asset sales (note 3): -$3,000,000.00Asset disposal gain & loss−$3.00 MDeferred income taxes and other: -$239,000,000.00Deferred income taxes and other−$239.00 MAccounts receivable: -$1,588,000,000.00Accounts receivable−$1.59 BInventories, materials, supplies and prepaid expenses: $50,000,000.00Inventory, supplies & prepaids+$50.00 MIncome taxes payable: -$161,000,000.00Income taxes payable−$161.00 MAccounts payable and accrued liabilities: $1,375,000,000.00Payables & accrued liabilities+$1.38 BAll other items - net: -$3,000,000.00Other working capital, net−$3.00 MNet cash from operating activities: $2,705,000,000.00Operating cash+$2.71 BOperating adjustments reconciliation: $2,371,000,000.00Dividends paid: -$599,000,000.00Common dividends paid−$599.00 MFinance lease obligations - reduction (note 6): -$13,000,000.00Finance lease payments−$13.00 MCommon shares purchased (note 9): $0.00Net cash used in financing activities: -$612,000,000.00. Cash required to fund net payments.Financing cash−$612.00 Mfinancing reconciliation: $612,000,000.00Additions to property, plant and equipment: -$958,000,000.00Capital expenditures−$958.00 MLoans to equity companies - net: $14,000,000.00Loans to equity companies - net+$14.00 MProceeds from asset sales (note 3): $7,000,000.00PP&E sales+$7.00 MNet cash used in investing activities: -$937,000,000.00. Cash required to fund net payments.Investing cash−$937.00 Minvesting reconciliation: $958,000,000.00Cash sources and uses: $3,569,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $864,000,000.00Beginning cash$864.00 MEnding cash: Cash, cash equivalents, and restricted cash: $2,020,000,000.00Ending cash$2.02 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.75 BOperating cash − cash spent on productive assetsCash flow / Net income1.16×Operating cash flow ÷ net incomeNet cash change+$1.16 BEnding cash − beginning cash
Chart details

IMPERIAL OIL LIMITED cash flow reconciliation, Jan 1, 2024 through Jun 30, 2024

Cash flows for Jan 1, 2024 through Jun 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Jun 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
864,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,705,000,000 US dollars. Net cash provided.
Net income (loss)
2,328,000,000 US dollars
Depreciation and depletion
946,000,000 US dollars
(Gain) loss on asset sales (note 3)
negative 3,000,000 US dollars
Deferred income taxes and other
negative 239,000,000 US dollars
Accounts receivable
negative 1,588,000,000 US dollars
Inventories, materials, supplies and prepaid expenses
50,000,000 US dollars
Income taxes payable
negative 161,000,000 US dollars
Accounts payable and accrued liabilities
1,375,000,000 US dollars
All other items - net
negative 3,000,000 US dollars
Investing activities
negative 937,000,000 US dollars. Net cash used.
Additions to property, plant and equipment
negative 958,000,000 US dollars
Loans to equity companies - net
14,000,000 US dollars
Proceeds from asset sales (note 3)
7,000,000 US dollars
Financing activities
negative 612,000,000 US dollars. Net cash used.
Dividends paid
negative 599,000,000 US dollars
Finance lease obligations - reduction (note 6)
negative 13,000,000 US dollars
Common shares purchased (note 9)
0 US dollars
Operating adjustment reconciliation
2,371,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
612,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
958,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2024
2,020,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,569,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,156,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.16×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
2,705,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
958,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,747,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $377.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 2,705,000,000 US dollars minus 958,000,000 US dollars equals 1,747,000,000 US dollars.
IMPERIAL OIL LIMITED (IMO) FY2024 YTD Q2 Statement of Cash Flows Sankey chart
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