Acquisition of businesses, net of cash received

[Table of Contents](#ie64973d8440d48dda3b140796cb1bc77_7)  
CHEVRON CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWS(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months EndedSeptember 30 |
|   | 2022 |  | 2021 |
|  | (Millions of dollars) |
| Operating Activities |  |  |  |
| Net Income (Loss) | $ | 29,230  |  |  | $ | 10,607  |  |
| Adjustments |  |  |  |
| Depreciation, depletion and amortization | 11,555  |  |  | 13,112  |  |
| Dry hole expense | 255  |  |  | 55  |  |
| Distributions more (less) than income from equity affiliates | (4,768) |  |  | (2,162) |  |
| Net before-tax losses (gains) on asset retirements and sales | (463) |  |  | (401) |  |
| Net foreign currency effects | (653) |  |  | (25) |  |
| Deferred income tax provision | 1,710  |  |  | 472  |  |
| Net decrease (increase) in operating working capital | 1,172  |  |  | (1,459) |  |
| Decrease (increase) in long-term receivables | 121  |  |  | (33) |  |
| Net decrease (increase) in other deferred charges | (101) |  |  | (167) |  |
| Cash contributions to employee pension plans | (1,087) |  |  | (1,403) |  |
| Other | 133  |  |  | 1,133  |  |
| Net Cash Provided by Operating Activities | 37,104  |  |  | 19,729  |  |
| Investing Activities |  |  |  |
|  |  |  |  |
| Acquisition of businesses, net of cash received | (2,862) |  |  | —  |  |
| Capital expenditures | (8,139) |  |  | (5,450) |  |
| Proceeds and deposits related to asset sales and returns of investment | 2,485  |  |  | 586  |  |
|  |  |  |  |
| Net sales (purchases) of marketable securities | 82  |  |  | (1) |  |
| Net repayment (borrowing) of loans by equity affiliates | 38  |  |  | 389  |  |
| Net Cash Used for Investing Activities | (8,396) |  |  | (4,476) |  |
| Financing Activities |  |  |  |
| Net borrowings (repayments) of short-term obligations | 278  |  |  | (3,627) |  |
|  |  |  |  |
| Repayments of long-term debt and other financing obligations | (8,449) |  |  | (3,305) |  |
| Cash dividends - common stock | (8,255) |  |  | (7,612) |  |
| Net contributions from (distributions to) noncontrolling interests | (103) |  |  | (34) |  |
| Net sales (purchases) of treasury shares | (2,000) |  |  | (245) |  |
| Net Cash Provided by (Used for) Financing Activities | (18,529) |  |  | (14,823) |  |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (277) |  |  | (142) |  |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 9,902  |  |  | 288  |  |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 6,795  |  |  | 6,737  |  |
| Cash, Cash Equivalents and Restricted Cash at September 30 | $ | 16,697  |  |  | $ | 7,025  |  |
|  |  |  |  |

  
  
  
  
  
See accompanying notes to consolidated financial statements.6
