2019 Q2 Form 10-Q Financial Statement
#000119312519215299 Filed on August 07, 2019
Income Statement
| Concept | 2019 Q2 | 2018 Q2 |
|---|---|---|
| Revenue | $9.228B | $9.516B |
| YoY Change | -3.03% | 35.85% |
| Cost Of Revenue | $7.377B | $8.183B |
| YoY Change | -9.85% | 32.69% |
| Gross Profit | $1.851B | $1.333B |
| YoY Change | 38.86% | 59.07% |
| Gross Profit Margin | 20.06% | 14.01% |
| Selling, General & Admin | $699.0M | $685.0M |
| YoY Change | 2.04% | 10.13% |
| % of Gross Profit | 37.76% | 51.39% |
| Research & Development | $5.000M | $1.000M |
| YoY Change | 400.0% | |
| % of Gross Profit | 0.27% | 0.08% |
| Depreciation & Amortization | $392.0M | $358.0M |
| YoY Change | 9.5% | 1.7% |
| % of Gross Profit | 21.18% | 26.86% |
| Operating Expenses | $1.132B | $1.070B |
| YoY Change | 5.79% | 9.86% |
| Operating Profit | $719.0M | $263.0M |
| YoY Change | 173.38% | -293.38% |
| Interest Expense | $23.00M | $26.00M |
| YoY Change | -11.54% | -252.94% |
| % of Operating Profit | 3.2% | 9.89% |
| Other Income/Expense, Net | $0.00 | $0.00 |
| YoY Change | ||
| Pretax Income | $729.0M | $264.0M |
| YoY Change | 176.14% | -311.2% |
| Income Tax | -$483.0M | $68.00M |
| % Of Pretax Income | -66.26% | 25.76% |
| Net Earnings | $1.212B | $196.0M |
| YoY Change | 518.37% | -354.55% |
| Net Earnings / Revenue | 13.13% | 2.06% |
| Basic Earnings Per Share | $0.24 | |
| Diluted Earnings Per Share | $1.574M | $0.24 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 816.1M shares | |
| Diluted Shares Outstanding | 818.8M shares |
Balance Sheet
| Concept | 2019 Q2 | 2018 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.087B | $873.0M |
| YoY Change | 24.51% | 40.13% |
| Cash & Equivalents | $1.087B | $873.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $631.0M | $456.0M |
| YoY Change | 38.38% | -6.94% |
| Inventory | $1.228B | $1.221B |
| Prepaid Expenses | ||
| Receivables | $3.134B | $2.625B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $6.080B | $5.175B |
| YoY Change | 17.49% | 37.78% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $34.50B | $34.24B |
| YoY Change | 0.74% | -4.47% |
| Goodwill | $186.0M | |
| YoY Change | 0.0% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $645.0M | $860.0M |
| YoY Change | -25.0% | -5.18% |
| Other Assets | $270.0M | $925.0M |
| YoY Change | -70.81% | 125.61% |
| Total Long-Term Assets | $35.85B | $36.22B |
| YoY Change | -1.01% | -3.04% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.080B | $5.175B |
| Total Long-Term Assets | $35.85B | $36.22B |
| Total Assets | $41.93B | $41.39B |
| YoY Change | 1.3% | 0.69% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.829B | $3.923B |
| YoY Change | -2.4% | 32.44% |
| Accrued Expenses | $118.0M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $75.00M | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $163.0M | $202.0M |
| YoY Change | -19.31% | -0.49% |
| Total Short-Term Liabilities | $4.213B | $4.214B |
| YoY Change | -0.02% | 31.48% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $4.968B | $4.447B |
| YoY Change | 11.72% | 0.0% |
| Other Long-Term Liabilities | $3.076B | $3.943B |
| YoY Change | -21.99% | 7.21% |
| Total Long-Term Liabilities | $3.076B | $8.390B |
| YoY Change | -63.34% | 3.26% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.213B | $4.214B |
| Total Long-Term Liabilities | $3.076B | $8.390B |
| Total Liabilities | $16.91B | $17.63B |
| YoY Change | -4.07% | 9.44% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $24.05B | |
| YoY Change | -4.66% | |
| Common Stock | $1.410B | $1.483B |
| YoY Change | -4.92% | -4.94% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $25.02B | $23.77B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $41.93B | $41.39B |
| YoY Change | 1.3% | 0.69% |
Cashflow Statement
| Concept | 2019 Q2 | 2018 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.212B | $196.0M |
| YoY Change | 518.37% | -354.55% |
| Depreciation, Depletion And Amortization | $392.0M | $358.0M |
| YoY Change | 9.5% | 1.7% |
| Cash From Operating Activities | $1.026B | $859.0M |
| YoY Change | 19.44% | 74.59% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$394.0M | -$357.0M |
| YoY Change | 10.36% | 11.56% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$35.00M | -$22.00M |
| YoY Change | 59.09% | -156.41% |
| Cash From Investing Activities | -$429.0M | -$379.0M |
| YoY Change | 13.19% | 34.88% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $893.0M | |
| YoY Change | 603.15% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -521.0M | -1.032B |
| YoY Change | -49.52% | 296.92% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.026B | 859.0M |
| Cash From Investing Activities | -429.0M | -379.0M |
| Cash From Financing Activities | -521.0M | -1.032B |
| Net Change In Cash | 76.00M | -552.0M |
| YoY Change | -113.77% | 1026.53% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.026B | $859.0M |
| Capital Expenditures | -$394.0M | -$357.0M |
| Free Cash Flow | $1.420B | $1.216B |
| YoY Change | 16.78% | 49.75% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="text-align: left; font-family: Arial; font-size: 13pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">13. Recently issued accounting standards </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Effective January 1, 2020, Imperial will adopt the Financial Accounting Standards Board’s update, <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Financial Instruments - Credit Losses (Topic 326)</div></div>, as amended. The standard requires a valuation allowance for credit losses be recognized for certain financial assets that reflects the current expected credit loss over the asset’s contractual life. The valuation allowance considers the risk of loss, even if remote and considers past events, current conditions and expectations of the future. Imperial is evaluating the standard and its effect on the company’s financial statements.</div> | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
IMPERIAL OIL LTD | ||
| dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
CA | ||
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| CY2019Q2 | imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
9228000000 | |
| CY2018Q2 | imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
9516000000 | |
| imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
17193000000 | ||
| imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
17416000000 | ||
| CY2019Q2 | imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
5662000000 | |
| CY2018Q2 | imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
6537000000 | |
| imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
10557000000 | ||
| imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
11317000000 | ||
| CY2019Q2 | imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
1715000000 | |
| CY2018Q2 | imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
1646000000 | |
| imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
3310000000 | ||
| imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
3077000000 | ||
| CY2019Q2 | imo |
Selling And General
SellingAndGeneral
|
236000000 | |
| CY2018Q2 | imo |
Selling And General
SellingAndGeneral
|
273000000 | |
| imo |
Selling And General
SellingAndGeneral
|
449000000 | ||
| imo |
Selling And General
SellingAndGeneral
|
467000000 | ||
| CY2019Q2 | us-gaap |
Interest Expense
InterestExpense
|
23000000 | |
| CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
26000000 | |
| us-gaap |
Interest Expense
InterestExpense
|
51000000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
49000000 | ||
| CY2019Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
3134000000 | |
| CY2018Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
2529000000 | |
| CY2019Q2 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
894000000 | |
| CY2018Q4 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
857000000 | |
| CY2019Q2 | us-gaap |
Debt Current
DebtCurrent
|
200000000 | |
| CY2018Q4 | us-gaap |
Debt Current
DebtCurrent
|
202000000 | |
| CY2019Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3985000000 | |
| CY2019Q2 | us-gaap |
Assets
Assets
|
41929000000 | |
| CY2018Q2 | us-gaap |
Assets
Assets
|
41390000000 | |
| CY2018Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3688000000 | |
| CY2019Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
4968000000 | |
| CY2018Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
4978000000 | |
| CY2019Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3076000000 | |
| CY2018Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2943000000 | |
| CY2019Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
1410000000 | |
| CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1446000000 | |
| CY2019Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-29000000 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-135000000 | |
| us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-158000000 | ||
| us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-241000000 | ||
| CY2019Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
394000000 | |
| CY2018Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
357000000 | |
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
825000000 | ||
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
728000000 | ||
| CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1087000000 | |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
873000000 | |
| CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1087000000 | |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
873000000 | |
| CY2019Q2 | imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
9228000000 | |
| CY2018Q2 | imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
9516000000 | |
| CY2019Q2 | imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
429000000 | |
| CY2018Q2 | imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
284000000 | |
| imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
17193000000 | ||
| imo |
Revenues Including Federal Excise Tax
RevenuesIncludingFederalExciseTax
|
17416000000 | ||
| imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
958000000 | ||
| imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
558000000 | ||
| CY2019Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
521000000 | |
| CY2018Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
531000000 | |
| CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
291000000 | |
| CY2019Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
1153000000 | |
| CY2018Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
1195000000 | |
| CY2019Q2 | imo |
Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
|
1446000000 | |
| CY2018Q4 | imo |
Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
|
1435000000 | |
| CY2019Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
141000000 | |
| CY2018Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 |
