| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income (loss) | ||||||||||||
-1,129 | 1,657 | -468 | -5,769 | -667 | 3,501 | 2,135 | 2,645 | 2,844 | 1,842 | 1,155 | 2,215 | 3,536 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||
Cash impact of impairments and other charges - severance payments | ||||||||||||
144 | 0 | 0 | - | -304 | -28 | 0 | - | - | - | - | - | - |
Depreciation, depletion and amortization | ||||||||||||
1,625 | 1,606 | 1,556 | 1,503 | 1,835 | 2,126 | 1,900 | 1,628 | 1,359 | 1,119 | 931 | 738 | 583 |
Impairments and other charges | ||||||||||||
2,506 | 265 | 647 | 3,400 | 2,177 | 129 | 0 | - | - | - | - | - | - |
(Income) loss from discontinued operations, net | ||||||||||||
- | - | - | - | - | - | - | - | -166 | 40 | -9 | -423 | 996 |
Payments related to KBR TSKJ matters | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 417 | 0 | 0 |
Deferred Income Tax Expense (Benefit) | ||||||||||||
-396 | -267 | 734 | -1,501 | -224 | -454 | -132 | 165 | -30 | 124 | 274 | 254 | -140 |
U.S. tax refund | ||||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - | - |
Payment related to the Macondo well incident | ||||||||||||
- | - | - | - | -333 | -569 | 1,000 | 300 | 0 | 0 | - | - | - |
Payment related to Macondo well incident | ||||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - | - | - |
Share-based Compensation | ||||||||||||
- | - | - | - | - | - | - | 217 | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||
Receivables | ||||||||||||
-636 | 186 | 1,350 | -899 | -1,468 | 1,381 | 449 | 682 | 1,218 | 902 | -869 | -670 | -326 |
Accounts payable | ||||||||||||
-595 | 483 | 753 | -219 | -603 | 489 | 327 | 200 | 649 | 330 | -118 | 161 | 77 |
Inventories | ||||||||||||
202 | 681 | 29 | -552 | -153 | 271 | 107 | 611 | 564 | 331 | -232 | -368 | -218 |
Other operating activities | ||||||||||||
-144 | -280 | -625 | 525 | 596 | -520 | 227 | 208 | -478 | -70 | 529 | -79 | 210 |
Total cash flows provided by operating activities | ||||||||||||
2,445 | 3,157 | 2,468 | -1,703 | 2,906 | 4,062 | 4,447 | 3,654 | 3,684 | 2,212 | 2,406 | 2,674 | 2,726 |
Cash flows from investing activities: | ||||||||||||
Capital expenditures | ||||||||||||
1,530 | 2,026 | 1,373 | 798 | 2,184 | 3,283 | 2,934 | 3,566 | 2,953 | 2,069 | 1,864 | 1,824 | 1,583 |
Sales of investment securities | ||||||||||||
- | - | - | 96 | - | - | 356 | 258 | 1,001 | 1,925 | 300 | 388 | 1,028 |
Purchases of investment securities | ||||||||||||
- | - | - | 92 | - | - | 329 | 506 | 501 | 1,282 | 1,620 | 0 | 1,360 |
Proceeds from sales of property, plant and equipment | ||||||||||||
190 | 218 | 158 | 222 | 168 | 338 | 241 | 395 | 160 | 227 | - | - | 203 |
Payments to acquire businesses, net of cash acquired | ||||||||||||
33 | 187 | 628 | 31 | 39 | 231 | 94 | 214 | 880 | 523 | 55 | 652 | 563 |
Disposal of KBR, Inc. cash upon separation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,461 |
Other investing activities | ||||||||||||
72 | -2 | 84 | 107 | 137 | -38 | 110 | 55 | 17 | 33 | -154 | -232 | -75 |
Total cash flows used in investing activities | ||||||||||||
-1,445 | -1,993 | -1,927 | -710 | -2,192 | -3,138 | -2,870 | -3,688 | -3,190 | -1,755 | -3,085 | -1,856 | -3,661 |
Cash flows from financing activities: | ||||||||||||
Payments on long-term borrowings | ||||||||||||
13 | 445 | 1,641 | 3,171 | 8 | 4 | - | - | - | 790 | 31 | 2,048 | 7 |
Proceeds from issuance of long-term debt, net | ||||||||||||
- | - | - | - | 7,440 | 0 | 2,968 | 0 | 978 | 0 | 1,975 | 1,187 | 0 |
Dividends to shareholders | ||||||||||||
630 | 630 | 626 | 620 | 614 | 533 | 465 | 333 | 330 | 327 | 324 | 319 | 314 |
Proceeds from issuance of common stock | ||||||||||||
118 | 195 | 158 | 186 | 167 | 332 | 277 | 107 | 160 | 102 | 74 | - | - |
Stock repurchase program | ||||||||||||
100 | 400 | 0 | 0 | - | 800 | 4,356 | 0 | 0 | 141 | 17 | 507 | 1,374 |
Other financing activities | ||||||||||||
-70 | -139 | -52 | 65 | 96 | -25 | -178 | 54 | 25 | 42 | -7 | 164 | 125 |
Total cash flows used in financing activities | ||||||||||||
-695 | -1,419 | -2,161 | -3,540 | 7,081 | -1,030 | -1,754 | -172 | 833 | -1,114 | 1,670 | -1,523 | -1,570 |
Effect of exchange rate changes on cash | ||||||||||||
-45 | -74 | -52 | -115 | -9 | 41 | 49 | -8 | -27 | -27 | -33 | -18 | -27 |
Decrease in cash and equivalents | ||||||||||||
260 | -329 | -1,672 | -6,068 | 7,786 | -65 | -128 | -214 | 1,300 | -684 | 958 | -723 | -2,532 |
Supplemental disclosure of cash flow information: | ||||||||||||
Interest | ||||||||||||
534 | 556 | 594 | 659 | 380 | 384 | 293 | 294 | 261 | 310 | 251 | 143 | 144 |
Income taxes | ||||||||||||
363 | 178 | -178 | -20 | 370 | 1,269 | 913 | 1,098 | 1,285 | 804 | 485 | 1,057 | 941 |