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Consolidated Statement of Cash Flows

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CONSOLIDATED STATEMENT OF CASH FLOWS

$ MILLION

 

2012

2011

2010

2009

2008

Cash flow from operating activities

 

 

 

 

 

Income for the period

26,840

31,185

20,474

12,718

26,476

Adjustment for:

 

 

 

 

 

Current taxation

22,722

23,009

16,384

9,297

24,452

Interest expense (net)

1,543

1,164

842

1,247

1,039

Depreciation, depletion and amortisation

14,615

13,228

15,595

14,458

13,656

Net gains on sale of assets

(4,228)

(4,485)

(3,276)

(781)

(4,071)

(Increase)/decrease in net working capital

3,391

(6,471)

(5,929)

(2,331)

7,935

(Increase)/decrease in inventories

(1,746)

(1,930)

(2,888)

(7,138)

8,025

Decrease/(increase) in accounts
  receivable

14,145

(10,109)

(11,931)

23,679

(11,160)

(Decrease)/increase in accounts payable
  and accrued liabilities

(9,008)

5,568

8,890

(18,872)

11,070

Share of profit of equity-accounted
  investments

(8,948)

(8,737)

(5,953)

(4,976)

(7,446)

Dividends received from
  equity-accounted investments

10,573

9,681

6,519

4,903

9,325

Deferred taxation and decommissioning
  and other provisions

461

1,768

(1,934)

(1,925)

(1,030)

Other

201

(949)

(10)

(1,879)

(549)

Net cash from operating activities (pre-tax)

67,170

59,393

42,712

30,731

69,787

Taxation paid

(21,030)

(22,622)

(15,362)

(9,243)

(25,869)

Cash flow from operating activities

46,140

36,771

27,350

21,488

43,918

Cash flow from investing activities

 

 

 

 

 

Capital expenditure

(32,576)

(26,301)

(26,940)

(26,516)

(35,065)

Investments in
  equity-accounted investments

(3,028)

(1,886)

(2,050)

(2,955)

(1,885)

Proceeds from sale of assets

6,346

6,990

3,325

1,325

4,737

Proceeds from sale of
  equity-accounted investments

698

468

3,591

1,633

2,062

Proceeds from sale/(purchases)
  of securities (net)

(86)

90

(34)

(105)

224

Interest received

193

196

136

384

1,012

Net cash used in investing activities

(28,453)

(20,443)

(21,972)

(26,234)

(28,915)

Cash flow from financing activities

 

 

 

 

 

Net (decrease)/increase in debt
  with maturity period within three months

(165)

(3,724)

4,647

(6,507)

4,161

Other debt

 

 

 

 

 

New borrowings

5,108

1,249

7,849

19,742

3,555

Repayments

(4,960)

(4,649)

(3,240)

(2,534)

(2,890)

Interest paid

(1,428)

(1,665)

(1,312)

(902)

(1,371)

Change in non-controlling interest

23

8

381

62

40

Cash dividends paid to:

 

 

 

 

 

Royal Dutch Shell plc shareholders

(7,390)

(6,877)

(9,584)

(10,526)

(9,516)

Non-controlling interest

(292)

(438)

(395)

(191)

(325)

Repurchases of shares

(1,492)

(1,106)

(3,573)

Shares held in trust: net (purchases)/
  sales and dividends received

(34)

(929)

187

27

525

Net cash used in financing activities

(10,630)

(18,131)

(1,467)

(829)

(9,394)

Currency translation differences
  relating to cash and cash equivalents

201

(349)

(186)

106

(77)

Increase/(decrease) in cash
  and cash equivalents

7,258

(2,152)

3,725

(5,469)

5,532

Cash and cash equivalents at January 1

11,292

13,444

9,719

15,188

9,656

Cash and cash equivalents at December 31

18,550

11,292

13,444

9,719

15,188