Marathon petroleum corporation (MPC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net income (loss)

-10,218

262

1,367

1,367

259

1,195

941

1,235

235

2,125

1,004

574

101

289

219

783

-78

168

958

839

903

805

679

864

207

631

173

599

730

759

1,224

814

596

-75

1,133

802

529

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of deferred financing costs and debt discount

14

14

10

9

0

19

16

17

18

18

16

15

15

14

18

14

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment expense

7,822

-

-

-

0

-

-

-

-

-

-

-

-

0

0

1

129

0

144

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

962

978

855

886

919

874

555

533

528

540

517

521

536

504

507

500

490

413

364

362

363

359

322

325

320

332

299

302

287

283

246

236

230

230

227

218

216

Inventory market valuation adjustment

3,220

-

-

-

0

-

-

-

-

-

-

-

-

0

0

-385

15

370

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other postretirement benefits, net

55

46

-196

34

52

52

-27

33

32

79

27

-86

27

30

-77

26

30

29

-6

31

26

28

14

27

82

-127

45

-70

28

34

-64

131

52

-176

24

16

46

Deferred income taxes

-625

251

412

233

127

5

40

21

-19

-1,290

34

28

-5

59

160

177

-2

140

6

-10

-2

-116

-35

-77

-14

1

-12

28

6

67

97

136

192

-6

95

46

-12

Net gain on disposal of assets

4

85

4

4

214

17

1

3

2

-2

0

7

5

6

1

0

25

1

2

-1

5

7

2

11

1

3

1

1

1

-1

175

1

2

2

5

4

1

(Income) loss from equity method investments

-1,210

64

124

107

99

111

96

80

86

82

84

83

57

51

-208

-50

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from equity method investments

175

189

163

162

148

174

128

128

89

135

120

80

56

118

78

71

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in income tax receivable

1,335

-

-

-

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-12

-2

-

-5

50

-6

14

7

1

-4

2

-5

-2

-6

-9

5

5

1

Changes in the fair value of derivative instruments

47

-26

7

56

-29

75

-12

-15

14

-15

-42

-31

-28

47

23

-47

18

5

9

-30

12

-32

33

-23

25

-33

-3

0

57

-51

98

-97

-9

-52

17

65

27

Changes in operating assets and liabilities, net of effects of businesses acquired:
Current receivables

-1,899

409

-135

732

1,018

-2,298

484

321

-96

797

640

-11

-333

465

-67

601

-325

-361

-752

512

-691

-1,218

-585

300

-139

-34

-565

655

884

-491

393

-1,159

406

547

-127

286

471

Inventories

422

548

558

-744

4

-716

-149

374

-440

57

-56

157

-264

141

315

-160

-226

6

16

103

-205

55

-192

-77

1,000

-1,025

875

-62

517

-440

-142

665

32

-294

-64

949

-336

Current accounts payable and accrued liabilities

-3,453

560

645

-186

1,483

-2,482

-85

1,224

-1,455

2,160

862

7

-215

748

-395

1,442

-810

-693

-1,116

348

-939

-1,865

-676

-17

1,011

-564

239

-702

2,491

-63

862

-1,690

-332

858

64

281

299

Right of use assets and operating lease liabilities, net

4

6

-11

-10

1

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

All other, net

-17

-2

78

243

-39

79

34

-42

1

-103

-48

-81

30

-37

-41

-18

5

20

-2

-11

-42

-94

27

17

41

7

-22

2

-8

-18

-13

50

34

1

12

-17

1

Net cash provided by (used in) operating activities

-768

2,409

2,787

2,622

1,623

2,727

1,182

2,386

-137

2,745

1,906

853

1,108

1,015

405

2,267

330

820

1,069

994

1,190

388

1,078

878

766

1,355

407

-436

2,079

2,043

1,833

269

347

638

1,719

37

915

Investing activities:
Payments to Acquire Property, Plant, and Equipment

1,062

1,551

1,404

1,178

1,241

1,263

849

711

755

804

663

655

610

745

716

686

745

721

513

375

389

528

383

302

267

473

309

229

195

403

331

326

309

341

327

274

243

Acquisitions, net of cash acquired

-

-

-

-

-

3,369

453

0

0

0

29

0

220

0

0

0

0

-

-

-

-

-

-

-

-

0

0

22

1,493

0

27

163

0

-

-

-

-

Disposal of assets

56

83

11

9

24

35

5

7

7

15

27

35

2

13

9

2

77

7

2

1

11

8

2

15

2

4

3

6

3

1

46

4

2

3

8

8

125

Investments in related party debt securities  purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,972

3,354

Investments in related party debt securities  redemptions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,737

2,993

Investments – acquisitions, loans and contributions

169

272

197

270

325

187

104

77

41

75

53

111

566

48

69

105

66

110

72

107

42

72

177

41

123

38

75

17

21

31

15

4

7

3

11

18

24

Investments - redemptions, repayments and return of capital

77

23

17

56

2

0

1

15

0

2

36

4

20

-20

19

1

0

0

0

3

1

6

0

3

0

1

48

17

11

14

91

3

0

0

18

16

19

All other, net

-10

-31

-13

-17

-20

-9

-23

-26

-11

-81

-77

-68

-21

-50

-36

-19

-7

-29

-11

-10

-31

-57

-4

-46

-28

-1

0

-9

-13

0

-1

1

-3

-

-

-

-

Net cash used in investing activities

-1,088

-1,686

-1,695

-1,360

-1,520

-4,775

-1,377

-740

-778

-781

-605

-659

-1,353

-750

-721

-769

-727

-2,013

-572

-468

-388

-519

-3,343

-321

-360

-505

-333

-236

-1,682

-419

-235

-487

-311

-340

-309

2,428

-484

Financing activities:
Commercial paper – issued

-

-

-

-

-

-

-

-

-

0

0

0

300

200

300

499

264

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial paper - repayments

-

-

-

-

-

-

-

-

-

0

0

0

300

200

300

687

76

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt payable to Marathon Oil and subsidiaries  borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,345

4,403

Long-term debt payable to Marathon Oil and subsidiaries  repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,397

7,969

Long-term debt – borrowings

4,250

500

5,810

5,360

2,604

2,741

1,125

0

9,610

250

420

0

2,241

150

0

128

586

2,465

0

0

528

890

2,633

0

270

0

0

0

0

-

-

-

-

0

0

0

2,989

Long-term debt – repayments

1,521

519

5,438

5,085

2,031

2,631

131

6

5,264

172

257

6

207

157

506

461

1,145

1,793

6

6

421

516

6

20

6

5

6

5

5

5

6

3

3

3

3

3

3

Debt issuance costs

-

-

-

-

-

33

0

0

53

5

7

0

21

0

10

0

1

17

0

0

4

3

19

0

0

2

0

0

2

0

6

0

0

0

2

21

37

Issuance of common stock

4

4

3

1

2

0

3

9

12

19

7

10

10

3

6

1

1

4

3

5

21

5

4

4

13

11

3

6

28

54

22

5

27

-

-

-

-

Common stock repurchased

0

65

500

500

885

675

400

885

1,327

750

452

750

420

20

51

51

75

192

156

408

209

682

301

459

689

452

1,028

882

431

500

0

0

850

-

-

-

-

Dividends paid

377

344

348

352

354

317

207

211

219

195

202

186

190

190

190

170

169

170

171

136

136

138

141

122

123

126

129

113

116

116

119

85

87

-

-

-

-

Issuance of MPLX LP common units

-

-

-

-

-

-

-

-

-

0

39

286

148

277

184

0

315

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

320

295

310

315

325

304

205

199

195

189

181

166

158

153

140

128

121

11

11

9

9

7

8

6

6

6

6

5

4

0

0

0

0

-

-

-

-

Contributions from noncontrolling interests

0

2

0

0

95

3

4

4

1

1

0

2

126

2

2

0

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to Marathon Oil

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-986

287

All other, net

-15

-5

-8

-30

-26

-6

-3

-11

-8

-3

-27

-11

-6

-3

-24

-3

-3

-10

7

6

12

1

4

5

9

4

2

3

10

9

3

-9

3

-

-

-

-

Net cash provided by (used in) financing activities

2,021

-722

-813

-921

-920

-1,222

186

-1,299

2,557

-1,044

-660

-910

1,523

-91

-729

-52

-422

276

-334

-723

-218

-229

1,994

-598

-532

-576

-1,125

-996

-520

-151

-106

-92

-910

-176

-75

-1,062

-330

Net increase (decrease) in cash, cash equivalents and restricted cash

165

1

279

341

-817

-3,270

-9

347

1,642

920

641

-716

1,278

174

-1,045

1,446

-819

-917

163

-197

584

-360

-271

-41

-126

274

-1,051

-1,668

-123

1,473

1,492

-310

-874

122

1,335

1,403

101