Supplementary Information-Condensed Consolidating Financial Information (Tables)


	Millions of Dollars
	Year Ended December 31, 2011
Income Statement	ConocoPhillips			ConocoPhillips Company			ConocoPhillips Australia Funding Company		ConocoPhillips Canada Funding Company I			ConocoPhillips Canada Funding Company II			All Other Subsidiaries			Consolidating Adjustments			Total Consolidated
Revenues and Other Income
Sales and other operating revenues	$	—			20,606			—		—			—			45,150			—			65,756
Equity in earnings of affiliates		8,431			8,512			—		—			—			1,288			(16,997	)		1,234
Gain on dispositions		—			261			—		—			—			109			—			370
Other income		—			98			—		—			—			176			—			274
Intercompany revenues		4			1,346			46		91			35			2,683			(4,205	)		—

Total Revenues and Other Income		8,435			30,823			46		91			35			49,406			(21,202	)		67,634

Costs and Expenses
Purchased commodities		—			17,944			—		—			—			14,465			(2,434	)		29,975
Production and operating expenses		—			1,126			—		—			—			5,679			(63	)		6,742
Selling, general and administrative expenses		13			607			—		—			—			256			(9	)		867
Exploration expenses		—			333			—		—			—			733			—			1,066
Depreciation, depletion and amortization		—			867			—		—			—			6,148			—			7,015
Impairments		—			38			—		—			—			283			—			321
Taxes other than income taxes		—			292			—		—			—			3,729			—			4,021
Accretion on discounted liabilities		—			48			—		—			—			378			—			426
Interest and debt expense		1,594			448			42		77			32			460			(1,699	)		954
Foreign currency transaction (gains) losses		—			(16	)		—		(10	)		(35	)		83			—			22

Total Costs and Expenses		1,607			21,687			42		67			(3	)		32,214			(4,205	)		51,409

Income before income taxes		6,828			9,136			4		24			38			17,192			(16,997	)		16,225
Provision for income taxes		(561	)		705			1		(1	)		12			8,614			—			8,770

Income From Continuing Operations		7,389			8,431			3		25			26			8,578			(16,997	)		7,455
Income from discontinued operations		5,047			5,047			—		—			—			4,601			(9,648	)		5,047

Net income		12,436			13,478			3		25			26			13,179			(26,645	)		12,502
Less: net income (loss) attributable to noncontrolling interests		—			—			—		—			—			(66	)		—			(66	)

Net Income Attributable to ConocoPhillips	$	12,436			13,478			3		25			26			13,113			(26,645	)		12,436

Comprehensive Income (Loss) Attributable to ConocoPhillips	$	10,749			11,791			3		(6	)		14			11,901			(23,703	)		10,749


Income Statement	Year Ended December 31, 2010
Revenues and Other Income
Sales and other operating revenues	$	—			21,531			—		—			—			35,765			—			57,296
Equity in earnings of affiliates		11,009			11,381			—		—			—			1,278			(22,300	)		1,368
Gain on dispositions		—			370			—		—			—			5,193			—			5,563
Other income (loss)		1			191			—		—			(28	)		18			—			182
Intercompany revenues		5			661			46		86			66			3,886			(4,750	)		—

Total Revenues and Other Income		11,015			34,134			46		86			38			46,140			(27,050	)		64,409

Costs and Expenses
Purchased commodities		—			18,587			—		—			—			9,958			(3,576	)		24,969
Production and operating expenses		—			1,328			—		—			—			5,221			(24	)		6,525
Selling, general and administrative expenses		12			603			—		—			—			223			(27	)		811
Exploration expenses		—			247			—		—			—			908			—			1,155
Depreciation, depletion and amortization		—			978			—		—			—			7,191			—			8,169
Impairments		—			—			—		—			—			81			—			81
Taxes other than income taxes		—			293			—		—			—			2,511			—			2,804
Accretion on discounted liabilities		—			41			—		—			—			376			—			417
Interest and debt expense		946			502			42		77			45			678			(1,123	)		1,167
Foreign currency transaction (gains) losses		—			23			—		47			50			(121	)		—			(1	)

Total Costs and Expenses		958			22,602			42		124			95			27,026			(4,750	)		46,097

Income (loss) before income taxes		10,057			11,532			4		(38	)		(57	)		19,114			(22,300	)		18,312
Provision for income taxes		(333	)		523			1		7			(6	)		7,671			—			7,863

Income From Continuing Operations		10,390			11,009			3		(45	)		(51	)		11,443			(22,300	)		10,449
Income from discontinued operations		968			968			—		—			—			1,204			(2,172	)		968

Net income (loss)		11,358			11,977			3		(45	)		(51	)		12,647			(24,472	)		11,417
Less: net income attributable to noncontrolling interests		—			—			—		—			—			(59	)		—			(59	)

Net Income (Loss) Attributable to ConocoPhillips	$	11,358			11,977			3		(45	)		(51	)		12,588			(24,472	)		11,358

Comprehensive Income (Loss) Attributable to ConocoPhillips	$	13,066			13,685			3		24			(19	)		14,279			(27,972	)		13,066


	Millions of Dollars
	Year Ended December 31, 2009
Income Statement	ConocoPhillips			ConocoPhillips Company			ConocoPhillips Australia Funding Company		ConocoPhillips Canada Funding Company I			ConocoPhillips Canada Funding Company II			All Other Subsidiaries			Consolidating Adjustments			Total Consolidated
Revenues and Other Income
Sales and other operating revenues	$	—			17,614			—		—			—			31,214			—			48,828
Equity in earnings of affiliates		4,120			4,744			—		—			—			1,071			(8,496	)		1,439
Gain on dispositions		—			4			—		—			—			77			—			81
Other income		—			111			—		—			—			146			—			257
Intercompany revenues		31			937			52		78			48			2,708			(3,854	)		—

Total Revenues and Other Income		4,151			23,410			52		78			48			35,216			(12,350	)		50,605

Costs and Expenses
Purchased commodities		—			15,343			—		—			—			9,132			(3,126	)		21,349
Production and operating expenses		2			1,205			—		—			—			5,110			(26	)		6,291
Selling, general and administrative expenses		15			421			—		—			—			239			(11	)		664
Exploration expenses		—			295			—		—			—			887			—			1,182
Depreciation, depletion and amortization		—			1,124			—		—			—			7,283			—			8,407
Impairments		—			1			—		—			—			468			—			469
Taxes other than income taxes		—			259			—		—			—			1,603			—			1,862
Accretion on discounted liabilities		—			33			—		—			—			356			—			389
Interest and debt expense		631			387			47		77			53			763			(691	)		1,267
Foreign currency transaction (gains) losses		—			(36	)		—		171			216			(340	)		—			11

Total Costs and Expenses		648			19,032			47		248			269			25,501			(3,854	)		41,891

Income (loss) before income taxes		3,503			4,378			5		(170	)		(221	)		9,715			(8,496	)		8,714
Provision for income taxes		(216	)		258			2		4			(24	)		4,893			—			4,917

Income (Loss) from Continuing Operations		3,719			4,120			3		(174	)		(197	)		4,822			(8,496	)		3,797
Income from discontinued operations		695			695			—		—			—			218			(913	)		695

Net income (loss)		4,414			4,815			3		(174	)		(197	)		5,040			(9,409	)		4,492
Less: net income attributable to noncontrolling interests		—			—			—		—			—			(78	)		—			(78	)

Net Income (Loss) Attributable to ConocoPhillips	$	4,414			4,815			3		(174	)		(197	)		4,962			(9,409	)		4,414

Comprehensive Income (Loss) Attributable to ConocoPhillips	$	9,354			9,755			3		16			(68	)		9,661			(19,367	)		9,354


	Millions of Dollars
	At December 31, 2011**
Balance Sheet	ConocoPhillips			ConocoPhillips Company		ConocoPhillips Australia Funding Company		ConocoPhillips Canada Funding Company I			ConocoPhillips Canada Funding Company II			All Other Subsidiaries		Consolidating Adjustments			Total Consolidated
Assets
Cash and cash equivalents	$	—			2,028		1		37			1			3,713		—			5,780
Short-term investments		—			—		—		—			—			581		—			581
Accounts and notes receivable		60			9,186		—		—			—			20,898		(13,618	)		16,526
Inventories		—			2,239		—		—			—			2,392		—			4,631
Prepaid expenses and other current assets		22			1,090		—		1			—			1,587		—			2,700

Total Current Assets		82			14,543		1		38			1			29,171		(13,618	)		30,218
Investments, loans and long-term receivables*		96,284			135,618		760		1,417			565			59,651		(260,512	)		33,783
Net properties, plants and equipment		—			19,595		—		—			—			64,585		—			84,180
Goodwill		—			3,332		—		—			—			—		—			3,332
Intangibles		—			722		—		—			—			23		—			745
Other assets		64			301		—		2			3			602		—			972

Total Assets	$	96,430			174,111		761		1,457			569			154,032		(274,130	)		153,230

Liabilities and Stockholders’ Equity
Accounts payable	$	10			18,747		—		1			1			14,512		(13,618	)		19,653
Short-term debt		892			27		—		—			—			94		—			1,013
Accrued income and other taxes		—			315		—		2			—			3,903		—			4,220
Employee benefit obligations		—			835		—		—			—			276		—			1,111
Other accruals		244			634		9		14			6			1,164		—			2,071

Total Current Liabilities		1,146			20,558		9		17			7			19,949		(13,618	)		28,068
Long-term debt		10,951			3,599		749		1,250			498			4,563		—			21,610
Asset retirement obligations and accrued environmental costs		—			1,766		—		—			—			7,563		—			9,329
Joint venture acquisition obligation		—			—		—		—			—			3,582		—			3,582
Deferred income taxes		(5	)		3,982		—		11			9			14,043		—			18,040
Employee benefit obligations		—			3,092		—		—			—			976		—			4,068
Other liabilities and deferred credits*		25,959			40,479		—		104			29			20,047		(83,834	)		2,784

Total Liabilities		38,051			73,476		758		1,382			543			70,723		(97,452	)		87,481
Retained earnings		42,550			34,921		1		(70	)		(55	)		29,821		(58,119	)		49,049
Other common stockholders’ equity		15,829			65,714		2		145			81			52,978		(118,559	)		16,190
Noncontrolling interests		—			—		—		—			—			510		—			510

Total Liabilities and Stockholders’ Equity	$	96,430			174,111		761		1,457			569			154,032		(274,130	)		153,230


* Includes intercompany loans.

Balance Sheet	At December 31, 2010**
Assets
Cash and cash equivalents	$	—			718		—		29			4			8,703		—			9,454
Short-term investments		—			—		—		—			—			973		—			973
Accounts and notes receivable		36			9,126		1		—			—			16,625		(9,976	)		15,812
Investments in LUKOIL		—			—		—		—			—			1,083		—			1,083
Inventories		—			3,121		—		—			—			2,076		—			5,197
Prepaid expenses and other current assets		23			824		—		2			—			1,292		—			2,141

Total Current Assets		59			13,789		1		31			4			30,752		(9,976	)		34,660
Investments, loans and long-term receivables*		84,461			112,008		762		1,445			577			50,563		(216,055	)		33,761
Net properties, plants and equipment		—			19,524		—		—			—			63,030		—			82,554
Goodwill		—			3,633		—		—			—			—		—			3,633
Intangibles		—			760		—		—			—			41		—			801
Other assets		55			254		1		3			3			589		—			905

Total Assets	$	84,575			149,968		764		1,479			584			144,975		(226,031	)		156,314

Liabilities and Stockholders’ Equity
Accounts payable	$	—			14,939		—		2			—			13,434		(9,976	)		18,399
Short-term debt		(5	)		354		—		—			—			587		—			936
Accrued income and other taxes		—			431		—		—			6			4,437		—			4,874
Employee benefit obligations		—			773		—		—			—			308		—			1,081
Other accruals		242			620		9		15			6			1,237		—			2,129

Total Current Liabilities		237			17,117		9		17			12			20,003		(9,976	)		27,419
Long-term debt		11,832			3,674		750		1,250			499			4,651		—			22,656
Asset retirement obligations and accrued environmental costs		—			1,686		—		—			—			7,513		—			9,199
Joint venture acquisition obligation		—			—		—		—			—			4,314		—			4,314
Deferred income taxes		(1	)		3,659		—		16			(2	)		13,648		—			17,320
Employee benefit obligations		—			2,779		—		—			—			904		—			3,683
Other liabilities and deferred credits*		10,752			32,268		—		114			61			19,169		(59,765	)		2,599

Total Liabilities		22,820			61,183		759		1,397			570			70,202		(69,741	)		87,190
Retained earnings		33,753			21,440		3		(94	)		(81	)		20,055		(34,824	)		40,252
Other common stockholders’ equity		28,002			67,345		2		176			95			54,171		(121,466	)		28,325
Noncontrolling interests		—			—		—		—			—			547		—			547

Total Liabilities and Stockholders’ Equity	$	84,575			149,968		764		1,479			584			144,975		(226,031	)		156,314

*	Includes intercompany loans.

**	Certain amounts have been restated to reflect a prior period adjustment. See Note 21—Accumulated Other Comprehensive Income, in the Notes to Consolidated Financial Statements.


	Millions of Dollars
	Year Ended December 31, 2011
Statement of Cash Flows	ConocoPhillips			ConocoPhillips Company			ConocoPhillips Australia Funding Company		ConocoPhillips Canada Funding Company I			ConocoPhillips Canada Funding Company II			All Other Subsidiaries			Consolidating Adjustments			Total Consolidated
Cash Flows From Operating Activities
Net cash provided by (used in) continuing operating activities	$	14,669			(1,805	)		1		13			(7	)		4,950			(3,344	)		14,477
Net cash provided by (used in) discontinued operations		—			(2,359	)		—		—			—			7,528			—			5,169

Net Cash Provided by (Used in) Operating Activities	$	14,669			(4,164	)		1		13			(7	)		12,478			(3,344	)		19,646

Cash Flows From Investing Activities
Capital expenditures and investments		—			(1,504	)		—		—			—			(10,740	)		—			(12,244	)
Proceeds from asset dispositions		—			318			—		—			—			1,874			—			2,192
Net purchases of short-term investments		—			—			—		—			—			400			—			400
Long-term advances/loans—related parties		—			(916	)		—		(4	)		—			(4,562	)		5,473			(9	)
Collection of advances/loans—related parties		—			993			—		—			—			8,340			(9,235	)		98
Other		—			6			—		—			—			50			—			56

Net cash used in continuing investing activities		—			(1,103	)		—		(4	)		—			(4,638	)		(3,762	)		(9,507	)
Net cash provided by (used in) discontinued operations		—			2,376			—		—			—			(8,084	)		8,200			2,492

Net Cash Provided by (Used in) Investing Activities		—			1,273			—		(4	)		—			(12,722	)		4,438			(7,015	)

Cash Flows From Financing Activities
Issuance of debt		—			12,758			—		—			4			827			(13,589	)		—
Repayment of debt		—			(8,657	)		—		—			—			(1,426	)		9,149			(934	)
Issuance of company common stock		96			—			—		—			—			—			—			96
Repurchase of company common stock		(11,123	)		—			—		—			—			—			—			(11,123	)
Dividends paid on common stock		(3,633	)		—			—		—			—			(3,051	)		3,052			(3,632	)
Other		(9	)		119			—		—			—			(794	)		—			(684	)

Net cash provided by (used in) continuing financing activities		(14,669	)		4,220			—		—			4			(4,444	)		(1,388	)		(16,277	)
Net cash used in discontinued operations		—			(18	)		—		—			—			(304	)		294			(28	)

Net Cash Provided by (Used in) Financing Activities		(14,669	)		4,202			—		—			4			(4,748	)		(1,094	)		(16,305	)

Effect of Exchange Rate Changes on Cash and Cash Equivalents		—			(1	)		—		—			—			1			—			—

Net Change in Cash and Cash Equivalents		—			1,310			1		9			(3	)		(4,991	)		—			(3,674	)
Cash and cash equivalents at beginning of year		—			718			—		29			4			8,703			—			9,454

Cash and Cash Equivalents at End of Year	$	—			2,028			1		38			1			3,712			—			5,780


Statement of Cash Flows	Year Ended December 31, 2010
Cash Flows From Operating Activities
Net cash provided by (used in) continuing operating activities	$	7,901			1,962			—		11			(3	)		7,095			(2,513	)		14,453
Net cash provided by discontinued operations		—			349			—		—			—			2,243			—			2,592

Net Cash Provided by (Used in) Operating Activities	$	7,901			2,311			—		11			(3	)		9,338			(2,513	)		17,045

Cash Flows From Investing Activities
Capital expenditures and investments		—			(1,120	)		—		—			—			(7,814	)		323			(8,611	)
Proceeds from asset dispositions		—			789			—		—			—			14,020			(99	)		14,710
Net purchases of short-term investments		—			—			—		—			—			(982	)		—			(982	)
Long-term advances/loans—related parties		—			(135	)		—		—			—			(2,279	)		2,301			(113	)
Collection of advances/loans—related parties		—			87			—		—			384			1,379			(1,755	)		95
Other		—			28			—		—			—			190			—			218

Net cash provided by (used in) continuing investing activities		—			(351	)		—		—			384			4,514			770			5,317
Net cash provided by (used in) discontinued operations		—			(931	)		—		—			—			279			—			(652	)

Net Cash Provided by (Used in) Investing Activities		—			(1,282	)		—		—			384			4,793			770			4,665

Cash Flows From Financing Activities
Issuance of debt		—			2,159			—		—			—			260			(2,301	)		118
Repayment of debt		(990	)		(2,642	)		—		—			(378	)		(3,039	)		1,755			(5,294	)
Issuance of company common stock		133			—			—		—			—			—			—			133
Repurchase of company common stock		(3,866	)		—			—		—			—			—			—			(3,866	)
Dividends paid on common stock		(3,175	)		—			—		—			—			(2,666	)		2,666			(3,175	)
Other		(3	)		52			—		—			—			(782	)		27			(706	)

Net cash used in continuing financing activities		(7,901	)		(431	)		—		—			(378	)		(6,227	)		2,147			(12,790	)
Net cash provided by (used in) discontinued operations		—			(18	)		—		—			—			240			(251	)		(29	)

Net Cash Used in Financing Activities		(7,901	)		(449	)		—		—			(378	)		(5,987	)		1,896			(12,819	)

Effect of Exchange Rate Changes on Cash and Cash Equivalents		—			16			—		—			—			5			—			21

Net Change in Cash and Cash Equivalents		—			596			—		11			3			8,149			153			8,912
Cash and cash equivalents at beginning of year		—			122			—		18			1			554			(153	)		542

Cash and Cash Equivalents at End of Year	$	—			718			—		29			4			8,703			—			9,454


	Millions of Dollars
	Year Ended December 31, 2009
Statement of Cash Flows	ConocoPhillips			ConocoPhillips Company			ConocoPhillips Australia Funding Company			ConocoPhillips Canada Funding Company I		ConocoPhillips Canada Funding Company II		All Other Subsidiaries			Consolidating Adjustments			Total Consolidated
Cash Flows From Operating Activities
Net cash provided by (used in) continuing operating activities	$	(2,205	)		5,181			—			8		—		10,483			(2,084	)		11,383
Net cash provided by (used in) discontinued operations		—			1,270			—			—		—		(174	)		—			1,096

Net Cash Provided by (Used in) Operating Activities	$	(2,205	)		6,451			—			8		—		10,309			(2,084	)		12,479

Cash Flows From Investing Activities
Capital expenditures and investments		—			(1,890	)		—			—		—		(7,190	)		680			(8,400	)
Proceeds from asset dispositions		—			314			—			—		—		517			(319	)		512
Long-term advances/loans—related parties		—			(75	)		—			—		—		(3,312	)		3,212			(175	)
Collection of advances/loans—related parties		—			168			950			—		—		6,438			(7,464	)		92
Other		—			—			—			—		—		9			—			9

Net cash provided by (used in) continuing investing activities		—			(1,483	)		950			—		—		(3,538	)		(3,891	)		(7,962	)
Net cash used in discontinued operations		—			(1,256	)		—			—		—		(717	)		—			(1,973	)

Net Cash Provided by (Used in) Investing Activities		—			(2,739	)		950			—		—		(4,255	)		(3,891	)		(9,935	)

Cash Flows From Financing Activities
Issuance of debt		8,909			3,122			—			—		—		269			(3,213	)		9,087
Repayment of debt		(3,826	)		(6,727	)		(950	)		—		—		(3,794	)		7,464			(7,833	)
Issuance of company common stock		13			—			—			—		—		—			—			13
Dividends paid on common stock		(2,832	)		—			—			—		—		(1,945	)		1,945			(2,832	)
Other		(59	)		18			—			—		—		(1,179	)		(41	)		(1,261	)

Net cash provided by (used in) continuing financing activities		2,205			(3,587	)		(950	)		—		—		(6,649	)		6,155			(2,826	)
Net cash provided by (used in) discontinued operations		—			(11	)		—			—		—		301			(319	)		(29	)

Net Cash Provided by (Used in) Financing Activities		2,205			(3,598	)		(950	)		—		—		(6,348	)		5,836			(2,855	)

Effect of Exchange Rate Changes on Cash and Cash Equivalents		—			—			—			—		—		98			—			98

Net Change in Cash and Cash Equivalents		—			114			—			8		—		(196	)		(139	)		(213	)
Cash and cash equivalents at beginning of year		—			8			—			10		1		750			(14	)		755

Cash and Cash Equivalents at End of Year	$	—			122			—			18		1		554			(153	)		542