2022 Q1 Form 10-Q Financial Statement

#000003408822000026 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $90.50B $59.15B
YoY Change 53.01% 5.32%
Cost Of Revenue $62.63B $40.66B
YoY Change 54.02% 0.7%
Gross Profit $25.11B $16.89B
YoY Change 48.65% 14.47%
Gross Profit Margin 27.74% 28.55%
Selling, General & Admin $2.409B $2.428B
YoY Change -0.78% -5.85%
% of Gross Profit 9.6% 14.38%
Research & Development $173.0M $164.0M
YoY Change 5.49% -43.06%
% of Gross Profit 0.69% 0.97%
Depreciation & Amortization $8.883B $5.004B
YoY Change 77.52% -14.01%
% of Gross Profit 35.38% 29.63%
Operating Expenses $2.409B $2.428B
YoY Change -0.78% -5.85%
Operating Profit $22.70B $14.46B
YoY Change 56.95% 18.78%
Interest Expense $188.0M $258.0M
YoY Change -27.13% 3.61%
% of Operating Profit 0.83% 1.78%
Other Income/Expense, Net $228.0M $122.0M
YoY Change 86.89% -51.0%
Pretax Income $8.556B $3.592B
YoY Change 138.2% -1492.25%
Income Tax $2.806B $796.0M
% Of Pretax Income 32.8% 22.16%
Net Earnings $5.480B $2.730B
YoY Change 100.73% -547.54%
Net Earnings / Revenue 6.06% 4.62%
Basic Earnings Per Share $1.28 $0.64
Diluted Earnings Per Share $1.28 $0.64
COMMON SHARES
Basic Shares Outstanding 4.266B shares 4.272B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.07B $3.515B
YoY Change 215.05% -69.2%
Cash & Equivalents $11.07B $3.515B
Short-Term Investments
Other Short-Term Assets $1.862B $1.568B
YoY Change 18.75% 7.03%
Inventory $22.18B $18.36B
Prepaid Expenses
Receivables $42.14B $24.76B
Other Receivables $0.00 $0.00
Total Short-Term Assets $77.26B $48.20B
YoY Change 60.3% -4.09%
LONG-TERM ASSETS
Property, Plant & Equipment $212.8B $224.6B
YoY Change -5.28% -9.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $46.33B $44.18B
YoY Change 4.86% 2.79%
Other Assets $18.41B $16.75B
YoY Change 9.91% 18.27%
Total Long-Term Assets $277.5B $285.6B
YoY Change -2.82% -6.54%
TOTAL ASSETS
Total Short-Term Assets $77.26B $48.20B
Total Long-Term Assets $277.5B $285.6B
Total Assets $354.8B $333.8B
YoY Change 6.29% -6.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.50B $41.02B
YoY Change 54.82% 14.52%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.886B $18.19B
YoY Change -73.13% -34.48%
Total Short-Term Liabilities $72.06B $60.15B
YoY Change 19.8% -7.14%
LONG-TERM LIABILITIES
Long-Term Debt $42.65B $45.14B
YoY Change -5.51% 41.69%
Other Long-Term Liabilities $22.87B $21.16B
YoY Change 8.12% 7.76%
Total Long-Term Liabilities $22.87B $21.16B
YoY Change 8.12% 7.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.06B $60.15B
Total Long-Term Liabilities $22.87B $21.16B
Total Liabilities $178.2B $169.7B
YoY Change 5.05% 1.56%
SHAREHOLDERS EQUITY
Retained Earnings $393.8B $383.0B
YoY Change 2.83% -8.15%
Common Stock $15.88B $15.88B
YoY Change -0.03% 1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $227.5B $225.8B
YoY Change 0.78% -0.16%
Treasury Stock Shares 3.806B shares 3.785B shares
Shareholders Equity $169.2B $157.0B
YoY Change
Total Liabilities & Shareholders Equity $354.8B $333.8B
YoY Change 6.29% -6.19%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $5.480B $2.730B
YoY Change 100.73% -547.54%
Depreciation, Depletion And Amortization $8.883B $5.004B
YoY Change 77.52% -14.01%
Cash From Operating Activities $14.79B $9.264B
YoY Change 59.63% 47.66%
INVESTING ACTIVITIES
Capital Expenditures $3.911B $2.400B
YoY Change 62.96% -59.63%
Acquisitions
YoY Change
Other Investing Activities -$90.00M -$87.00M
YoY Change 3.45% -60.45%
Cash From Investing Activities -$3.945B -$2.355B
YoY Change 67.52% -63.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.067B $1.000M
YoY Change 206600.0% -99.67%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$6.713B -$7.785B
YoY Change -13.77% -188.62%
NET CHANGE
Cash From Operating Activities $14.79B $9.264B
Cash From Investing Activities -$3.945B -$2.355B
Cash From Financing Activities -$6.713B -$7.785B
Net Change In Cash $4.272B -$849.0M
YoY Change -603.18% -110.2%
FREE CASH FLOW
Cash From Operating Activities $14.79B $9.264B
Capital Expenditures $3.911B $2.400B
Free Cash Flow $10.88B $6.864B
YoY Change 58.46% 1986.32%

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CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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27000000 USD
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 USD
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 xom Dividends Common Stock Inc Noncontrolling Int
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CY2022Q1 xom Treasury Stock Including Non Controlling Interests
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CY2021Q4 us-gaap Treasury Stock Shares
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Treasury Stock Shares
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CY2022Q1 us-gaap Common Stock Shares Issued
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CY2022Q1 us-gaap Treasury Stock Shares
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CY2022Q1 us-gaap Common Stock Shares Outstanding
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CY2021Q1 us-gaap Common Stock Shares Issued
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CY2021Q1 us-gaap Treasury Stock Shares
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CY2021Q1 us-gaap Common Stock Shares Outstanding
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CY2022Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2022Q1 us-gaap Net Income Loss
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5480000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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27000000 USD
CY2022Q1 us-gaap Guarantee Obligations Current Carrying Value
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CY2022Q1 xom Defined Benefit Plan Amortization Of Actuarial Loss Gain And Prior Service Cost Credit And Recognized Net Gain Loss Due To Settlements And Curtailments
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CY2021Q1 xom Defined Benefit Plan Amortization Of Actuarial Loss Gain And Prior Service Cost Credit And Recognized Net Gain Loss Due To Settlements And Curtailments
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CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-22000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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106000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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-89000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
5480000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
2730000000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4266000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4272000000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.28
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.88
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.87
CY2022Q1 xom Accounts Receivable Exchange Collateral
AccountsReceivableExchangeCollateral
1347000000 USD
CY2021Q4 xom Accounts Receivable Exchange Collateral
AccountsReceivableExchangeCollateral
641000000 USD
CY2022Q1 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
The Corporation may use non-derivative financial instruments, such as its foreign currency-denominated debt, as hedges of its net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments due to foreign exchange fluctuations is reported in accumulated other comprehensive income.
CY2022Q1 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
5000000000.0 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
2730000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87734000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57552000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87734000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57552000000 USD

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