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Information Relating to the Consolidated Statement of Cash Flows | 9 Months Ended
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Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract] |
Information Relating to the Consolidated Statement of Cash Flows | Information Relating to the Consolidated Statement of Cash Flows
| Nine Months Ended September 30
| 2023 |  | 2022
| (Millions of dollars)
Distributions more (less) than income from equity affiliates included the following: |  |
Distributions from equity affiliates | $ | 1,868 |  |  | $ | 2,194 |
(Income) loss from equity affiliates | (4,141) |  |  | (6,962) |
Distributions more (less) than income from equity affiliates | $ | (2,273) |  |  | $ | (4,768) |
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable | $ | (890) |  |  | $ | (4,428) |
Decrease (increase) in inventories | (1,136) |  |  | (2,170) |
Decrease (increase) in prepaid expenses and other current assets | (1,121) |  |  | (479) |
Increase (decrease) in accounts payable and accrued liabilities | 1,706 |  |  | 5,282 |
Increase (decrease) in income and other taxes payable | (2,740) |  |  | 2,967 |
Net decrease (increase) in operating working capital | $ | (4,181) |  |  | $ | 1,172 |
Net cash provided by operating activities included the following cash payments:
Interest on debt (net of capitalized interest) | $ | 292 |  |  | $ | 320 |
Income taxes | 8,189 |  |  | 6,750 |
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |
Proceeds and deposits related to asset sales | $ | 218 |  |  | $ | 1,406 |
Returns of investment from equity affiliates | 192 |  |  | 1,079 |
Proceeds and deposits related to asset sales and returns of investment | $ | 410 |  |  | $ | 2,485 |
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased | $ | (289) |  |  | $ | (9) |
Marketable securities sold | 373 |  |  | 91 |
Net sales (purchases) of marketable securities | $ | 84 |  |  | $ | 82 |
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |  |  |
Borrowing of loans by equity affiliates | $ | (296) |  |  | $ | (27) |
Repayment of loans by equity affiliates | 54 |  |  | 65 |
Net repayment (borrowing) of loans by equity affiliates | $ | (242) |  |  | $ | 38 |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |
Proceeds from issuances of short-term debt obligations | $ | — |  |  | $ | — |
Repayments of short-term debt obligations | — |  |  | — |
Net borrowings (repayments) of short-term debt obligations with three months or less maturity | (33) |  |  | 278 |
Net borrowings (repayments) of short-term obligations | $ | (33) |  |  | $ | 278 |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |  |  |
Distributions to noncontrolling interests | $ | (54) |  |  | $ | (107) |
Contributions from noncontrolling interests | 10 |  |  | 4 |
Net contributions from (distributions to) noncontrolling interests | $ | (44) |  |  | $ | (103) |
Net sales (purchases) of treasury shares consisted of the following gross and net amounts: |  |  |
Shares issued for share-based compensation plans | $ | 237 |  |  | $ | 5,505 |
Shares purchased under share repurchase and deferred compensation plans | (11,518) |  |  | (7,505) |
Net sales (purchases) of treasury shares | $ | (11,281) |  |  | $ | (2,000) |
The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash. The “Other” line in the Operating Activities section includes changes in postretirement benefits obligations and other long-term liabilities. The company paid dividends of $1.51 per share of common stock in third quarter 2023. This compares to dividends of $1.42 per share paid in the year-ago corresponding period. The components of “Capital expenditures” are presented in the following table:
| Nine Months Ended September 30
| 2023 |  | 2022
| (Millions of dollars)
Additions to properties, plant and equipment | $ | 10,602 |  |  | $ | 6,901 |
Additions to investments | 636 |  |  | 932 |
Current-year dry hole expenditures | 205 |  |  | 137 |
Payments for other assets and liabilities, net | 25 |  |  | 169 |
Capital expenditures | $ | 11,468 |  |  | $ | 8,139 |
The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
| At September 30 |  | At December 31
| 2023 |  | 2022 |  | 2022 |  | 2021
| (Millions of dollars) |  | (Millions of dollars)
Cash and cash equivalents | $ | 5,797 |  |  | $ | 15,164 |  |  | $ | 17,678 |  |  | $ | 5,640 |
Restricted cash included in “Prepaid expenses and other current assets” | 306 |  |  | 742 |  |  | 630 |  |  | 333 |
Restricted cash included in “Deferred charges and other assets” | 903 |  |  | 791 |  |  | 813 |  |  | 822 |
Total cash, cash equivalents and restricted cash | $ | 7,006 |  |  | $ | 16,697 |  |  | $ | 19,121 |  |  | $ | 6,795 |
Additional information related to restricted cash is included in Note 12 Fair Value Measurements under the heading “Restricted Cash.”

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//230/tableOfContent + Details
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