Hess
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Hess generated cash of $3,942,000,000, which is less than the previous year. Cash used in financing activities reached the amount of -$627,000,000 last year. Net change in cash is therefore -$798,000,000.
Cash Flow
| 2014 | 4.46B | -1M | -3.83B |
|---|---|---|---|
| 2015 | 1.98B | -4.20B | 2.49B |
| 2016 | 795M | -2.09B | 1.31B |
| 2017 | 945M | 1.35B | -188M |
| 2018 | 1.93B | -1.56B | -2.52B |
| 2019 | 1.64B | -2.84B | 52M |
| 2020 | 1.33B | -1.70B | 568M |
| 2021 | 2.89B | -1.32B | -591M |
| 2022 | 3.94B | -2.55B | -1.10B |
| 2023 | 3.94B | -4.11B | -627M |
HES Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 2.48B | 2.71B | 1.73B | 1.54B | 2.69B | 4.84B | 2.73B | 2.71B | 2.44B | 1.81B |
Operating activities | ||||||||||
Net income | 1.38B | 2.57B | 890M | -2.83B | -240M | -115M | -3.94B | -6.07B | 1.89B | 1.69B |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 2.19B | 1.70B | 1.52B | 2.07B | 2.12B | 1.88B | 2.88B | 3.24B | 3.95B | 3.22B |
Stock-based compensation expense | 87M | 83M | 77M | 79M | 85M | 72M | 86M | 74M | 97M | 87M |
| Deferred income tax benefit | 87M | 83M | 77M | 79M | 85M | 72M | 86M | 74M | 97M | 87M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -324M | -301M | -748M | 267M | -383M | -138M | -340M | 96M | 841M | -199M |
Inventories | -87M | 2M | 135M | -117M | -16M | -12M | -64M | 77M | 29M | 62M |
Accounts payable | 253M | 50M | 241M | -533M | 4M | 88M | -44M | -87M | -424M | 86M |
Cash generated by operating activities | 3.94B | 3.94B | 2.89B | 1.33B | 1.64B | 1.93B | 945M | 795M | 1.98B | 4.46B |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | -33M | -67M | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -4.10B | -2.72B | -1.74B | -2.19B | -2.82B | -2.09B | -1.93B | -2.25B | -4.32B | -5.27B |
Acquisitions Net | 0 | -332M | -237M | 232M | -331M | 396M | 3.05B | 117M | 0 | 0 |
Cash generated by investing activities | -4.11B | -2.55B | -1.32B | -1.70B | -2.84B | -1.56B | 1.35B | -2.09B | -4.20B | -1M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 146M | 178M | 0 | 0 | 0 | 366M | 1.08B | 0 | 0 |
Payments for dividends | -539M | -465M | -311M | -309M | -316M | -345M | -363M | -350M | -287M | -303M |
Repurchases of common stock | -20M | -630M | 747M | 0 | -25M | -1.36B | -110M | 2.09B | -142M | -3.71B |
Repayments of term debt | -13M | -185M | -520M | -7M | 735M | -633M | 188M | -1.45B | 643M | -590M |
Cash used in financing activities | -627M | -1.10B | -591M | 568M | 52M | -2.52B | -188M | 1.31B | 2.49B | -3.83B |
Net Change In Cash | -798M | -227M | 974M | 194M | -1.14B | -2.15B | 2.11B | 16M | 272M | 630M |
Cash at end of period | 1.68B | 2.48B | 2.71B | 1.73B | 1.54B | 2.69B | 4.84B | 2.73B | 2.71B | 2.44B |
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