$IMO
IMPERIAL OIL LTD

2016 Q1 Form 10-Q Financial Statement

#000119312516576599 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $5.198B $6.213B
YoY Change -16.34% -32.66%
Cost Of Revenue $4.257B $4.664B
YoY Change -8.73% -33.54%
Gross Profit $941.0M $1.549B
YoY Change -39.25% -29.85%
Gross Profit Margin 18.1% 24.93%
Selling, General & Admin $270.0M $264.0M
YoY Change 2.27% -4.0%
% of Gross Profit 28.69% 17.04%
Research & Development $17.00M $17.00M
YoY Change 0.0% -19.05%
% of Gross Profit 1.81% 1.1%
Depreciation & Amortization $424.0M $317.0M
YoY Change 33.75% 13.21%
% of Gross Profit 45.06% 20.46%
Operating Expenses $270.0M $264.0M
YoY Change 2.27% -4.0%
Operating Profit $671.0M $1.285B
YoY Change -47.78% -33.52%
Interest Expense -$18.00M $3.000M
YoY Change -700.0% 50.0%
% of Operating Profit -2.68% 0.23%
Other Income/Expense, Net $3.000M -$3.000M
YoY Change -200.0% 50.0%
Pretax Income -$149.0M $561.0M
YoY Change -126.56% -55.48%
Income Tax -$48.00M $140.0M
% Of Pretax Income 24.96%
Net Earnings -$101.0M $421.0M
YoY Change -123.99% -55.5%
Net Earnings / Revenue -1.94% 6.78%
Basic Earnings Per Share -$0.12 $0.50
Diluted Earnings Per Share -$0.12 $0.50
COMMON SHARES
Basic Shares Outstanding 847.6M shares 847.6M shares
Diluted Shares Outstanding 850.4M shares 850.5M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.0M $60.00M
YoY Change 158.33% -41.18%
Cash & Equivalents $155.0M $60.00M
Short-Term Investments
Other Short-Term Assets $826.0M $733.0M
YoY Change 12.69% -28.97%
Inventory $1.073B $1.050B
Prepaid Expenses
Receivables $1.639B $1.698B
Other Receivables $0.00 $54.00M
Total Short-Term Assets $3.693B $3.595B
YoY Change 2.73% -26.47%
LONG-TERM ASSETS
Property, Plant & Equipment $37.08B $36.26B
YoY Change 2.26% 12.49%
Goodwill $186.0M $224.0M
YoY Change -16.96% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.420B $1.467B
YoY Change -3.2% 9.64%
Other Assets $805.0M $61.00M
YoY Change 1219.67% 3.39%
Total Long-Term Assets $39.49B $38.01B
YoY Change 3.89% 12.28%
TOTAL ASSETS
Total Short-Term Assets $3.693B $3.595B
Total Long-Term Assets $39.49B $38.01B
Total Assets $43.19B $41.61B
YoY Change 3.79% 7.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.832B $3.583B
YoY Change -20.96% 2337.41%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.938B
YoY Change -100.0% 5.15%
Long-Term Debt Due $1.843B
YoY Change
Total Short-Term Liabilities $5.118B $5.739B
YoY Change -10.82% -25.07%
LONG-TERM LIABILITIES
Long-Term Debt $6.447B $5.463B
YoY Change 18.01% 26.58%
Other Long-Term Liabilities $3.475B $3.784B
YoY Change -8.17% 21.52%
Total Long-Term Liabilities $9.922B $9.247B
YoY Change 7.3% 24.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.118B $5.739B
Total Long-Term Liabilities $9.922B $9.247B
Total Liabilities $19.84B $18.90B
YoY Change 4.96% 2.81%
SHAREHOLDERS EQUITY
Retained Earnings $23.47B $23.33B
YoY Change 0.57% 13.74%
Common Stock $1.566B $1.566B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.35B $22.71B
YoY Change
Total Liabilities & Shareholders Equity $43.19B $41.61B
YoY Change 3.79% 7.39%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$101.0M $421.0M
YoY Change -123.99% -55.5%
Depreciation, Depletion And Amortization $424.0M $317.0M
YoY Change 33.75% 13.21%
Cash From Operating Activities $49.00M $281.0M
YoY Change -82.56% -74.1%
INVESTING ACTIVITIES
Capital Expenditures -$391.0M -$1.011B
YoY Change -61.33% -16.17%
Acquisitions
YoY Change
Other Investing Activities $33.00M $9.000M
YoY Change 266.67% -85.71%
Cash From Investing Activities -$358.0M -$1.002B
YoY Change -64.27% -12.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 261.0M 566.0M
YoY Change -53.89% -605.36%
NET CHANGE
Cash From Operating Activities 49.00M 281.0M
Cash From Investing Activities -358.0M -1.002B
Cash From Financing Activities 261.0M 566.0M
Net Change In Cash -48.00M -155.0M
YoY Change -69.03% -8.82%
FREE CASH FLOW
Cash From Operating Activities $49.00M $281.0M
Capital Expenditures -$391.0M -$1.011B
Free Cash Flow $440.0M $1.292B
YoY Change -65.94% -43.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q1 imo Planned Disposal Group Consideration
PlannedDisposalGroupConsideration
2800000000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2193000000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60000000
CY2015Q1 us-gaap Assets
Assets
41608000000
CY2016Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
847599011 shares
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1100000000 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
848000000 shares
CY2016Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
443000000
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
5118000000
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16218000000
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6447000000
CY2016Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4194000000
CY2016Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
365000000
CY2016Q1 us-gaap Liabilities
Liabilities
19839000000
CY2016Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
59000000
CY2016Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2832000000
CY2016Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1318000000
CY2016Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
605000000
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
1566000000
CY2016Q1 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
141000000
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3475000000
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1687000000
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
23467000000
CY2016Q1 us-gaap Debt Current
DebtCurrent
1843000000
CY2016Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
75000000
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43185000000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7052000000
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23346000000
CY2016Q1 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
131000000
CY2016Q1 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
1420000000
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37081000000
CY2016Q1 us-gaap Assets Current
AssetsCurrent
3693000000
CY2016Q1 us-gaap Goodwill
Goodwill
186000000
CY2016Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
277000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63000000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155000000
CY2016Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
1639000000
CY2016Q1 us-gaap Assets
Assets
43185000000
CY2016Q1 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
1073000000
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
53299000000
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
742000000
CY2016Q1 imo Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
1651000000
CY2016Q1 imo Materials Supplies And Prepaid Expenses
MaterialsSuppliesAndPrepaidExpenses
549000000
CY2016Q1 imo Asset Retirement Obligation And Other Environmental Liabilities Current
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesCurrent
118000000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2059000000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
215000000
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1100000000 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
848000000 shares
CY2015Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
452000000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5393000000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16404000000
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5952000000
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2900000 shares
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4191000000
CY2015Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
365000000
CY2015Q4 us-gaap Liabilities
Liabilities
19745000000
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
59000000
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2989000000
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1470000000
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
612000000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
1566000000
CY2015Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
134000000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3597000000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1828000000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
23687000000
CY2015Q4 us-gaap Debt Current
DebtCurrent
1952000000
CY2015Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
75000000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43170000000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6564000000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23425000000
CY2015Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
129000000
CY2015Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
1414000000
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37799000000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
3670000000
CY2015Q4 us-gaap Goodwill
Goodwill
224000000
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
272000000
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63000000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
203000000
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1581000000
CY2015Q4 us-gaap Assets
Assets
43170000000
CY2015Q4 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
1190000000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
54203000000
CY2015Q4 imo Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
1628000000
CY2015Q4 imo Materials Supplies And Prepaid Expenses
MaterialsSuppliesAndPrepaidExpenses
424000000
CY2015Q4 imo Asset Retirement Obligation And Other Environmental Liabilities Current
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesCurrent
116000000
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
847600000 shares
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
281000000
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
850500000 shares
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
287000000
CY2015Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
16000000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
561000000
CY2015Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2000000
CY2015Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-176000000
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3000000
CY2015Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
23000000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
213000000
CY2015Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
26000000
CY2015Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
19000000
CY2015Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
638000000
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1011000000
CY2015Q1 us-gaap Other Income
OtherIncome
33000000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-134000000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
421000000
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
110000000
CY2015Q1 us-gaap Pension Contributions
PensionContributions
63000000
CY2015Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
42000000
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
46000000
CY2015Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
23000000
CY2015Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-61000000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
566000000
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
317000000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
140000000
CY2015Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
15000000
CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
25000000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-386000000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
5642000000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-155000000
CY2015Q1 us-gaap Exploration Expense
ExplorationExpense
17000000
CY2015Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-39000000
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
717000000
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
184000000
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
264000000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1002000000
CY2015Q1 imo Federal Excise Tax
FederalExciseTax
377000000
CY2015Q1 imo Settlement Of Capital Lease Obligation
SettlementOfCapitalLeaseObligation
3000000
CY2015Q1 imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
102000000
CY2015Q1 imo Book Value Of Assets Sold
BookValueOfAssetsSold
1000000
CY2015Q1 imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
6203000000
CY2015Q1 imo Increase Decrease In Inventories Materials And Supplies And Prepaid Expenses
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses
15000000
CY2015Q1 imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
686000000
CY2015Q1 imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
1050000000
CY2015Q1 imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
23000000
CY2015Q1 imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
6170000000
CY2015Q1 imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
1359000000
CY2015Q1 imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
3305000000
CY2015Q1 imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
18000000
CY2015Q1 imo Interest Income Expense Other
InterestIncomeExpenseOther
-3000000
CY2016Q1 dei Document Type
DocumentType
10-Q
CY2016Q1 dei Trading Symbol
TradingSymbol
IMO
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000049938
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2800000 shares
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2016Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
847600000 shares
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
49000000
CY2016Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><b>11.</b></td> <td align="left" valign="top"><b>Recently Issued Accounting Standards</b></td> </tr> </table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard, <i>Revenue from Contracts with Customers</i>. The standard establishes a single revenue recognition model for all contracts with customers, eliminates industry specific requirements and expands disclosure requirements. The standard will be adopted beginning January&#xA0;1, 2018.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> &#x201C;Operating Revenue&#x201D; on the Consolidated statement of income includes sales and excise taxes on sales transactions. When the company adopts the standard, revenue will exclude sales-based taxes collected on behalf of third parties. This change in reporting will not impact earnings. Imperial continues to evaluate other areas of the standard and its effect on the company&#x2019;s financial statements.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> In February 2016, the FASB issued a new standard, <i>Leases.</i> The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as an asset and lease liability. The standard is required to be adopted beginning January&#xA0;1, 2019. Imperial is evaluating the standard and its effect on the company&#x2019;s financial statements.</p> </div>
CY2016Q1 dei Amendment Flag
AmendmentFlag
false
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
IMPERIAL OIL LTD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2016Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
850400000 shares
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40000000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-149000000
CY2016Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
7000000
CY2016Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
100000000
CY2016Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-15000000
CY2016Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
13000000
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
58000000
CY2016Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
30000000
CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-126000000
CY2016Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
563000000
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
391000000
CY2016Q1 us-gaap Other Income
OtherIncome
48000000
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
141000000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-101000000
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
119000000
CY2016Q1 us-gaap Pension Contributions
PensionContributions
31000000
CY2016Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
41000000
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-42000000
CY2016Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
31000000
CY2016Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
37000000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
261000000
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
424000000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-48000000
CY2016Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
5000000
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
33000000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-189000000
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
5371000000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-48000000
CY2016Q1 us-gaap Exploration Expense
ExplorationExpense
17000000
CY2016Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
18000000
CY2016Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-108000000
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
495000000
CY2016Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-9000000
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
270000000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-358000000
CY2016Q1 imo Federal Excise Tax
FederalExciseTax
388000000
CY2016Q1 imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
104000000
CY2016Q1 imo Book Value Of Assets Sold
BookValueOfAssetsSold
-3000000
CY2016Q1 imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
5222000000
CY2016Q1 imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
5174000000
CY2016Q1 imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
1271000000
CY2016Q1 imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
2986000000
CY2016Q1 imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
-82000000
CY2016Q1 imo Interest Income Expense Other
InterestIncomeExpenseOther
3000000
CY2016Q1 imo Increase Decrease In Inventories Materials And Supplies And Prepaid Expenses
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses
32000000
CY2016Q1 imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
631000000
CY2016Q1 imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
408000000
CY2016Q1 imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
24000000

Files In Submission

Name View Source Status
0001193125-16-576599-index-headers.html Edgar Link pending
0001193125-16-576599-index.html Edgar Link pending
0001193125-16-576599.txt Edgar Link pending
0001193125-16-576599-xbrl.zip Edgar Link pending
d174366d10q.htm Edgar Link pending
d174366dex311.htm Edgar Link pending
d174366dex312.htm Edgar Link pending
d174366dex321.htm Edgar Link pending
d174366dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
imo-20160331.xml Edgar Link completed
imo-20160331.xsd Edgar Link pending
imo-20160331_cal.xml Edgar Link unprocessable
imo-20160331_def.xml Edgar Link unprocessable
imo-20160331_lab.xml Edgar Link unprocessable
imo-20160331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending