Marathon petroleum corporation (MPC)
CashFlow / TTM
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)

-7,222

3,255

4,188

3,762

3,630

3,606

4,536

4,599

3,938

3,804

1,968

1,183

1,392

1,213

1,092

1,831

1,887

2,868

3,505

3,226

3,251

2,555

2,381

1,875

1,610

2,133

2,261

3,312

3,527

3,393

2,559

2,468

2,456

2,389

0

0

0

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

47

33

38

44

52

70

69

69

67

64

60

62

61

61

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment expense

0

-

-

-

0

-

-

-

-

-

-

-

-

130

130

274

273

144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

3,681

3,638

3,534

3,234

2,881

2,490

2,156

2,118

2,106

2,114

2,078

2,068

2,047

2,001

1,910

1,767

1,629

1,502

1,448

1,406

1,369

1,326

1,299

1,276

1,253

1,220

1,171

1,118

1,052

995

942

923

905

891

0

0

0

Inventory market valuation adjustment

0

-

-

-

0

-

-

-

-

-

-

-

-

-370

0

0

385

370

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other postretirement benefits, net

-61

-64

-58

111

110

90

117

171

52

47

-2

-106

6

9

8

79

84

80

79

99

95

151

-4

27

-70

-124

37

-72

129

153

-57

31

-84

-90

0

0

0

Deferred income taxes

271

1,023

777

405

193

47

-1,248

-1,254

-1,247

-1,233

116

242

391

394

475

321

134

134

-122

-163

-230

-242

-125

-102

3

23

89

198

306

492

419

417

327

123

0

0

0

Net gain on disposal of assets

97

307

239

236

235

23

4

3

7

10

18

19

12

32

27

28

27

7

13

13

25

21

17

16

6

6

2

176

176

177

180

10

13

12

0

0

0

(Income) loss from equity method investments

-915

394

441

413

386

373

344

332

335

306

275

-17

-150

-185

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from equity method investments

689

662

647

612

578

519

480

472

424

391

374

332

323

317

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in income tax receivable

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

53

65

16

18

6

-6

-9

-11

-22

-12

-5

2

0

0

0

Changes in the fair value of derivative instruments

84

8

109

90

19

62

-28

-58

-74

-116

-54

11

-5

41

-1

-15

2

-4

-41

-17

-10

3

2

-34

-11

21

3

104

7

-59

-60

-141

21

57

0

0

0

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

-893

2,024

-683

-64

-475

-1,589

1,506

1,662

1,330

1,093

761

54

666

674

-152

-837

-926

-1,292

-2,149

-1,982

-2,194

-1,642

-458

-438

-83

940

483

1,441

-373

-851

187

-333

1,112

1,177

0

0

0

Inventories

784

366

-898

-1,605

-487

-931

-158

-65

-282

-106

-22

349

32

70

-65

-364

-101

-80

-31

-239

-419

786

-294

773

788

305

890

-127

600

115

261

339

623

255

0

0

0

Current accounts payable and accrued liabilities

-2,434

2,502

-540

-1,270

140

-2,798

1,844

2,791

1,574

2,814

1,402

145

1,580

985

-456

-1,177

-2,271

-2,400

-3,572

-3,132

-3,497

-1,547

-246

669

-16

1,464

1,965

2,588

1,600

-1,223

-302

-1,100

871

1,502

0

0

0

Right of use assets and operating lease liabilities, net

-11

-14

-20

-9

1

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

All other, net

302

280

361

317

32

72

-110

-192

-231

-202

-136

-129

-66

-91

-34

5

12

-35

-149

-120

-92

-9

92

43

28

-21

-46

-37

11

53

72

97

30

-3

0

0

0

Net cash provided by (used in) operating activities

7,050

9,441

9,759

8,154

7,918

6,158

6,176

6,900

5,367

6,612

4,882

3,381

4,795

4,017

3,822

4,486

3,213

4,073

3,641

3,650

3,534

3,110

4,077

3,406

2,092

3,405

4,093

5,519

6,224

4,492

3,087

2,973

2,741

3,309

0

0

0

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

5,195

5,374

5,086

4,531

4,064

3,578

3,119

2,933

2,877

2,732

2,673

2,726

2,757

2,892

2,868

2,665

2,354

1,998

1,805

1,675

1,602

1,480

1,425

1,351

1,278

1,206

1,136

1,158

1,255

1,369

1,307

1,303

1,251

1,185

0

0

0

Acquisitions, net of cash acquired

-

-

-

-

-

3,822

453

29

29

249

249

220

220

0

0

0

0

-

-

-

-

-

-

-

-

1,515

1,515

1,542

1,683

190

0

0

0

-

-

-

-

Disposal of assets

159

127

79

73

71

54

34

56

84

79

77

59

26

101

95

88

87

21

22

22

36

27

23

24

15

16

13

56

54

53

55

17

21

144

0

0

0

Investments in related party debt securities  purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,326

0

0

0

Investments in related party debt securities  redemptions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,730

0

0

0

Investments – acquisitions, loans and contributions

908

1,064

979

886

693

409

297

246

280

805

778

794

788

288

350

353

355

331

293

398

332

413

379

277

253

151

144

84

71

57

29

25

39

56

0

0

0

Investments - redemptions, repayments and return of capital

173

98

75

59

18

16

18

53

42

62

40

23

20

0

20

1

3

4

10

10

10

9

4

52

66

77

90

133

119

108

94

21

34

53

0

0

0

All other, net

-71

-81

-59

-69

-78

-69

-141

-195

-237

-247

-216

-175

-126

-112

-91

-66

-57

-81

-109

-102

-138

-135

-79

-75

-38

-23

-22

-23

-13

-3

0

0

0

-

-

-

-

Net cash used in investing activities

-5,829

-6,261

-9,350

-9,032

-8,412

-7,670

-3,676

-2,904

-2,823

-3,398

-3,367

-3,483

-3,593

-2,967

-4,230

-4,081

-3,780

-3,441

-1,947

-4,718

-4,571

-4,543

-4,529

-1,519

-1,434

-2,756

-2,670

-2,572

-2,823

-1,452

-1,373

-1,447

1,468

1,295

0

0

0

Financing activities:
Commercial paper – issued

-

-

-

-

-

-

-

-

-

300

500

800

1,299

1,263

1,063

763

264

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial paper - repayments

-

-

-

-

-

-

-

-

-

300

500

800

1,487

1,263

1,063

763

76

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt payable to Marathon Oil and subsidiaries  borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,748

0

0

0

Long-term debt payable to Marathon Oil and subsidiaries  repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,366

0

0

0

Long-term debt – borrowings

15,920

14,274

16,515

11,830

6,470

13,476

10,985

10,280

10,280

2,911

2,811

2,391

2,519

864

3,179

3,179

3,051

2,993

1,418

4,051

4,051

3,793

2,903

270

270

0

0

0

0

-

-

-

-

2,989

0

0

0

Long-term debt – repayments

12,563

13,073

15,185

9,878

4,799

8,032

5,573

5,699

5,699

642

627

876

1,331

2,269

3,905

3,405

2,950

2,226

949

949

963

548

37

37

22

21

21

21

19

17

15

12

12

12

0

0

0

Debt issuance costs

-

-

-

-

-

86

58

65

65

33

28

31

31

11

28

18

18

21

7

26

26

22

21

2

2

4

2

8

8

6

6

2

23

60

0

0

0

Issuance of common stock

12

10

6

6

14

24

43

47

48

46

30

29

20

11

12

9

13

33

34

35

34

26

32

31

33

48

91

110

109

108

0

0

0

-

-

-

-

Common stock repurchased

1,065

1,950

2,560

2,460

2,845

3,287

3,362

3,414

3,279

2,372

1,642

1,241

542

197

369

474

831

965

1,455

1,600

1,651

2,131

1,901

2,628

3,051

2,793

2,841

1,813

931

1,350

0

0

0

-

-

-

-

Dividends paid

1,421

1,398

1,371

1,230

1,089

954

832

827

802

773

768

756

740

719

699

680

646

613

581

551

537

524

512

500

491

484

474

464

436

407

0

0

0

-

-

-

-

Issuance of MPLX LP common units

-

-

-

-

-

-

-

-

-

473

750

895

609

776

499

315

315

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

1,240

1,245

1,254

1,149

1,033

903

788

764

731

694

658

617

579

542

400

271

152

40

36

33

30

27

26

24

23

21

15

9

4

0

0

0

0

-

-

-

-

Contributions from noncontrolling interests

2

97

98

102

106

12

10

6

4

129

130

132

130

6

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to Marathon Oil

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

All other, net

-58

-69

-70

-65

-46

-28

-25

-49

-49

-47

-47

-44

-36

-33

-40

-9

0

15

26

23

22

19

22

20

18

19

24

25

13

6

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-435

-3,376

-3,876

-2,877

-3,255

222

400

-446

-57

-1,091

-138

-207

651

-1,294

-927

-532

-1,203

-999

-1,504

824

949

635

288

-2,831

-3,229

-3,217

-2,792

-1,773

-869

-1,259

-1,284

-1,253

-2,223

-1,643

0

0

0

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

786

-196

-3,467

-3,755

-3,749

-1,290

2,900

3,550

2,487

2,123

1,377

-309

1,853

-244

-1,335

-127

-1,770

-367

190

-244

-88

-798

-164

-944

-2,571

-2,568

-1,369

1,174

2,532

1,781

430

273

1,986

2,961

0

0

0