| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows From (Used In) Operating Activities | |||||||||
Net earnings | |||||||||
1,683 | 860 | 1,690 | 888 | 454 | 770 | 563 | -29 | -140 | 278 |
Adjustments to reconcile net earnings to net cash from operating activities: | |||||||||
Depreciation and amortization expenses | |||||||||
1,021 | 851 | 756 | 562 | 490 | 445 | 417 | 422 | 426 | 401 |
Lower of cost or market inventory valuation adjustment | |||||||||
0 | -359 | 317 | 42 | 0 | - | - | - | - | - |
Amortization of debt issuance costs and discounts | |||||||||
20 | 17 | 16 | 15 | 14 | 12 | 17 | 18 | 13 | 11 |
Debt redemption charges | |||||||||
74 | 9 | 1 | -41 | 0 | -5 | - | - | - | - |
(Gain) loss related to Hawaii Business | |||||||||
- | - | 6 | -42 | 81 | -248 | 0 | - | - | - |
(Gain) loss on asset disposals and impairments | |||||||||
-25 | -9 | - | - | - | - | - | - | - | - |
Gain related to Hawaii Business | |||||||||
-13 | -17 | 42 | 4 | 24 | 23 | 67 | -54 | 74 | 42 |
Stock-based compensation expense | |||||||||
69 | 35 | 75 | 55 | 80 | 105 | 53 | 58 | 46 | 14 |
Charges for remaining unamortized debt issue costs and discounts | |||||||||
- | - | - | - | - | - | 14 | 0 | 0 | - |
Provision for bad debts | |||||||||
- | - | - | - | - | - | - | - | 9 | 95 |
Deferred income taxes | |||||||||
-695 | 203 | 65 | 246 | 166 | -8 | 200 | 9 | 95 | 89 |
Excess tax benefits from stock-based compensation arrangements | |||||||||
0 | 0 | 38 | 20 | 12 | 8 | 13 | 3 | 2 | 3 |
Turnaround expenditures | |||||||||
544 | 323 | 290 | 256 | 451 | 277 | 105 | 162 | - | - |
Marketing branding costs | |||||||||
-53 | -65 | -52 | - | - | - | - | - | - | - |
Other operating activities, net | |||||||||
7 | 16 | 12 | -45 | - | - | - | - | - | - |
Changes in current assets and current liabilities: | |||||||||
Receivables | |||||||||
-352 | -259 | 638 | -10 | -36 | -48 | 365 | -208 | 387 | -410 |
Inventories | |||||||||
-187 | 40 | -179 | -107 | 311 | -192 | 506 | 635 | -165 | -413 |
Prepayments and other | |||||||||
-174 | -91 | -77 | 47 | 43 | -94 | 71 | 34 | -17 | -28 |
Accounts payable and other current liabilities | |||||||||
904 | 427 | -863 | -298 | 518 | -61 | 448 | 452 | 450 | -998 |
Changes in noncurrent assets and noncurrent liabilities | |||||||||
-155 | -49 | 12 | -72 | 25 | 3 | 30 | -27 | 103 | 64 |
Net cash from operating activities | |||||||||
1,630 | 1,304 | 2,131 | 1,364 | 859 | 1,585 | 689 | 385 | 663 | 716 |
Cash Flows From (Used In) Investing Activities | |||||||||
Capital expenditures | |||||||||
1,346 | 894 | 1,030 | 685 | 570 | 529 | 298 | 297 | 437 | 650 |
Acquisitions, net of cash | |||||||||
1,116 | 413 | 97 | 2,496 | 2,552 | 170 | 0 | 0 | - | - |
Deposits for acquisitions | |||||||||
-33 | -33 | 0 | 0 | - | - | - | - | - | - |
Proceeds from asset sales | |||||||||
48 | 25 | 0 | 18 | 539 | 0 | 0 | - | - | - |
Advanced payments made for Los Angeles Acquisition | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Proceeds from asset sales | |||||||||
- | - | - | - | - | - | - | 2 | 1 | 40 |
Other acquisitions | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Other investing activities, net | |||||||||
-4 | 2 | 2 | 9 | -6 | -3 | -7 | - | - | - |
Net cash used in investing activities | |||||||||
-2,443 | -1,317 | -1,129 | -3,172 | -2,577 | -696 | -291 | -295 | -436 | -610 |
Cash Flows From (Used In) Financing Activities | |||||||||
Borrowings under revolving credit agreements | |||||||||
2,315 | 1,451 | 476 | 646 | 2,068 | 185 | 312 | 216 | 418 | 5,658 |
Repayments on revolving credit agreements | |||||||||
2,232 | 1,426 | 431 | 386 | 2,068 | 352 | 295 | 66 | 484 | 5,712 |
Borrowings under term loan credit agreement | |||||||||
0 | 0 | 250 | 0 | 500 | 0 | 0 | - | - | - |
Proceeds from debt offerings | |||||||||
2,737 | 3,051 | 0 | 1,600 | 806 | 1,275 | 0 | 0 | 282 | 0 |
Repayments of debt | |||||||||
4,140 | 260 | 404 | 434 | 106 | 1,225 | 329 | 3 | 2 | 2 |
Premium Paid on Debt Redemption | |||||||||
109 | 0 | 0 | - | - | - | - | - | - | - |
Dividend payments | |||||||||
314 | 249 | 228 | 141 | 121 | 38 | 0 | 0 | 49 | 55 |
Proceeds from stock options exercised | |||||||||
4 | 2 | 13 | 19 | 72 | 34 | 12 | 5 | 4 | 5 |
Net proceeds from issuance of Andeavor Logistics LP common units | |||||||||
284 | 364 | 99 | 949 | 702 | 171 | 288 | 0 | 0 | - |
Proceeds from Issuance of Preferred Stock and Preference Stock | |||||||||
589 | 0 | 0 | - | - | - | - | - | - | - |
Distributions to noncontrolling interest | |||||||||
306 | 216 | 182 | 96 | 59 | 26 | 9 | 0 | 0 | - |
Purchases of common stock | |||||||||
692 | 250 | 644 | 500 | 440 | 126 | 101 | 2 | 2 | 5 |
Taxes paid related to net share settlement of equity awards | |||||||||
34 | 25 | 45 | 22 | 6 | 5 | - | - | - | - |
Payments of debt issuance costs | |||||||||
29 | 37 | 2 | 24 | 13 | 24 | 0 | 0 | - | - |
Excess tax benefits from stock-based compensation arrangements | |||||||||
0 | 0 | 38 | 20 | 12 | 8 | 13 | 3 | 2 | 3 |
Other financing activities, net | |||||||||
-12 | -39 | 0 | -61 | -30 | -27 | -37 | -8 | -3 | -1 |
Net cash from (used in) financing activities | |||||||||
-1,939 | 2,366 | -1,060 | 1,570 | 1,317 | -150 | -146 | 145 | 166 | -109 |
Decrease in Cash and Cash Equivalents | |||||||||
-2,752 | 2,353 | -58 | -238 | -401 | 739 | 252 | 235 | 393 | -3 |
Interest paid, net of capitalized interest | |||||||||
- | - | - | - | - | - | - | 115 | 95 | 84 |
Income taxes paid, net | |||||||||
- | - | - | - | - | - | - | -112 | -18 | 45 |
Capital expenditures included in accounts payable at end of period | |||||||||
- | - | - | - | - | - | - | 23 | 34 | 70 |