| Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Dec'09 | Sep'09 | Jun'09 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from Financing activities | ||||||||||
Net income for the period | ||||||||||
3,257 | 6,931 | 6,645 | 5,842 | 5,031 | 4,236 | 4,366 | 4,929 | 4,146 | 4,998 | 2,750 |
Depreciation, depletion and amortization | ||||||||||
2,590 | 2,457 | 2,275 | 2,299 | 2,078 | 2,088 | 2,042 | 2,284 | 2,013 | 1,563 | 1,328 |
Dry hole costs | ||||||||||
172 | 447 | 325 | 470 | 184 | 199 | 348 | 756 | 166 | 88 | 241 |
Equity in the results of non-consolidated companies | ||||||||||
-232 | 128 | 215 | -633 | 248 | -16 | -12 | -529 | 157 | 230 | -15 |
Impairment | ||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 0 |
Exchange variation, monetary and financial charges | ||||||||||
5,279 | 249 | 196 | -17 | -1,377 | 52 | 941 | 675 | -1,881 | -289 | 444 |
Deferred income taxes | ||||||||||
-421 | 941 | 1,319 | 1,088 | 1,446 | 642 | -216 | 538 | 613 | -623 | 332 |
Other | ||||||||||
- | -127 | 557 | - | - | 92 | 633 | -354 | 112 | 57 | 176 |
Increase in accounts receivable, net | ||||||||||
-559 | -897 | -484 | 652 | -1,665 | -222 | -1,112 | -696 | 676 | -1,224 | 467 |
Increase in inventories | ||||||||||
-482 | -1,233 | -2,475 | 761 | -842 | 86 | -432 | -462 | -3 | -815 | 608 |
Decrease (increase) in advances to suppliers | ||||||||||
-97 | 184 | -11 | 893 | -538 | 36 | 63 | - | - | - | - |
Increase (decrease) in supliers | ||||||||||
988 | -78 | 1,300 | -1,425 | 2,435 | -60 | -699 | - | - | - | - |
Increase (decrease) in contingencies | ||||||||||
58 | -68 | 4 | -196 | -24 | -112 | 558 | - | - | - | - |
Decrease (increase)in advances to suppliers | ||||||||||
- | - | - | - | - | - | - | - | - | -582 | -7 |
Increase in recoverable taxes | ||||||||||
- | - | - | - | - | - | - | - | - | -192 | -270 |
Increase (decrease) in trade accounts payable | ||||||||||
- | - | - | - | - | - | - | - | -703 | 1,164 | -1,217 |
Decrease in taxes payable, net of recoverable taxes | ||||||||||
-844 | -143 | -118 | 1,370 | -526 | -986 | -526 | 835 | -573 | 457 | 367 |
Other | ||||||||||
-726 | 835 | -297 | -1,132 | -941 | 1,701 | -505 | -396 | 751 | -469 | 668 |
Net cash provided by operating activities | ||||||||||
9,471 | 9,370 | 9,021 | 9,862 | 5,392 | 7,768 | 5,473 | 6,915 | 8,234 | 3,869 | 5,902 |
Additions to property, plant and equipment | ||||||||||
12,070 | 9,791 | 9,924 | 11,684 | 14,007 | 9,604 | 9,783 | 10,785 | 10,078 | 7,941 | 6,330 |
Marketable securities and other investments activities | ||||||||||
3,159 | -2,089 | 2,886 | -6,875 | -6,743 | -1,992 | -56 | 1,003 | -610 | 59 | -198 |
Net cash used in investing activities | ||||||||||
-8,911 | -11,880 | -7,038 | -20,835 | -20,750 | -11,596 | -9,839 | -9,598 | -10,659 | -8,335 | -6,528 |
Proceeds from issuance and draw-down of short-term and long-term debt | ||||||||||
4,116 | 4,242 | 9,148 | -18,957 | 6,932 | 6,915 | 5,570 | - | - | - | - |
Payments of short-term and long-term debt | ||||||||||
-4,871 | -3,645 | -2,249 | - | -5,231 | -2,206 | -2,429 | - | - | - | - |
Short-term debt, net issuances and repayments | ||||||||||
- | - | - | - | - | - | - | - | -507 | -600 | 369 |
Proceeds from issuance and draw-down of long-term debt | ||||||||||
- | - | - | - | - | - | - | 5,041 | 15,267 | 4,218 | 2,819 |
Payments of long-term debt | ||||||||||
- | - | - | - | - | - | - | 1,301 | 2,661 | 649 | 473 |
Proceeds of project financings | ||||||||||
- | - | - | - | - | - | - | - | - | -615 | -148 |
Payments of project financings | ||||||||||
- | - | - | - | - | - | - | - | 549 | -480 | -412 |
Payment of capital lease obligations | ||||||||||
- | - | - | - | - | - | - | - | 80 | 80 | 28 |
Dividends and interest on shareholders equity paid to shareholders and minority interest | ||||||||||
1,477 | 2,568 | 1,035 | 2,228 | 674 | 2,384 | 13 | 3,345 | 1,580 | 2,556 | 231 |
Net cash provided by financing activities | ||||||||||
-2,232 | -1,971 | 5,864 | 1,434 | 28,499 | 2,325 | 3,128 | 2,311 | 11,964 | 468 | 2,192 |
Increase in cash and cash equivalents | ||||||||||
-1,672 | -4,481 | 7,847 | -9,539 | 13,141 | -1,503 | -1,238 | -372 | 9,539 | -3,998 | 1,566 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-2,393 | 172 | 518 | -279 | 1,338 | -139 | -317 | -54 | 2,186 | 742 | 61 |
Interest, net of amount capitalized | ||||||||||
- | 1,016 | 1,027 | - | - | 395 | 75 | 2,418 | 0 | 619 | 22 |
Income taxes | ||||||||||
688 | 302 | 352 | 516 | 494 | 1,043 | 763 | 1,045 | 0 | 2,965 | 919 |
Withholding income tax on financial investments | ||||||||||
463 | 619 | 573 | 541 | 476 | 315 | 414 | - | - | - | - |
Cash paid during the period for | ||||||||||
1,954 | 1,937 | 1,952 | 4,158 | 1,099 | 1,753 | 1,252 | - | - | - | - |
Recognition of asset retirement obligation - ASC Topic 410-20 | ||||||||||
0 | 3 | 0 | 1,042 | 3 | 7 | 36 | - | - | - | - |
Acquisitition of property, plant and equipment on credit | ||||||||||
- | -40 | 47 | - | - | -23 | 27 | - | - | - | - |
Total of non-cash investing and financing transactions during the year | ||||||||||
-2 | -37 | 47 | 1,042 | 39,767 | -16 | 63 | - | - | - | - |
Total cash paid during the period | ||||||||||
- | - | - | - | - | - | - | - | - | 3,584 | 941 |