v2.4.0.8

Supplementary Information - Condensed Consolidating Financial Information | 6 Months Ended
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Jun. 30, 2013
Supplementary Information - Condensed Consolidating Financial Information [Abstract] |
Supplementary Information - Condensed Consolidating Financial Information | Supplementary Information—Condensed Consolidating Financial Information We have various cross guarantees among ConocoPhillips, ConocoPhillips Company, ConocoPhillips Australia Funding Company, ConocoPhillips Canada Funding Company I, and ConocoPhillips Canada Funding Company II, with respect to publicly held debt securities. ConocoPhillips Company is 100 percent owned by ConocoPhillips. ConocoPhillips Australia Funding Company, ConocoPhillips Canada Funding Company I and ConocoPhillips Canada Funding Company II are indirect, 100 percent owned subsidiaries of ConocoPhillips Company. ConocoPhillips and ConocoPhillips Company have fully and unconditionally guaranteed the payment obligations of ConocoPhillips Australia Funding Company, ConocoPhillips Canada Funding Company I, and ConocoPhillips Canada Funding Company II, with respect to their publicly held debt securities. Similarly, ConocoPhillips has fully and unconditionally guaranteed the payment obligations of ConocoPhillips Company with respect to its publicly held debt securities. In addition, ConocoPhillips Company has fully and unconditionally guaranteed the payment obligations of ConocoPhillips with respect to its publicly held debt securities. All guarantees are joint and several. The following condensed consolidating financial information presents the results of operations, financial position and cash flows for: ConocoPhillips, ConocoPhillips Company, ConocoPhillips Australia Funding Company, ConocoPhillips Canada Funding Company I, and ConocoPhillips Canada Funding Company II (in each case, reflecting investments in subsidiaries utilizing the equity method of accounting). All other nonguarantor subsidiaries of ConocoPhillips. The consolidating adjustments necessary to present ConocoPhillips' results on a consolidated basis. This condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements and notes.
|  | Millions of Dollars
|  | Three Months Ended June 30, 2013
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 | $ | - |  | 4,621 |  | - |  | - |  | - |  | 8,729 |  | - |  | 13,350
Equity in earnings of affiliates |  | 2,449 |  | 2,811 |  | - |  | - |  | - |  | 558 |  | (5,324) |  | 494
Gain on dispositions |  | - |  | 3 |  | - |  | - |  | - |  | 92 |  | - |  | 95
Other income |  | - |  | 163 |  | - |  | - |  | - |  | 40 |  | - |  | 203
Intercompany revenues |  | 21 |  | 30 |  | 2 |  | 22 |  | 9 |  | 1,741 |  | (1,825) |  | -
Total Revenues and Other Income |  | 2,470 |  | 7,628 |  | 2 |  | 22 |  | 9 |  | 11,160 |  | (7,149) |  | 14,142
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased commodities |  | - |  | 3,978 |  | - |  | - |  | - |  | 2,758 |  | (1,215) |  | 5,521
Production and operating expenses |  | - |  | 377 |  | - |  | - |  | - |  | 1,313 |  | (18) |  | 1,672
Selling, general and administrative expenses |  | 2 |  | 128 |  | - |  | - |  | - |  | 64 |  | (1) |  | 193
Exploration expenses |  | - |  | 191 |  | - |  | - |  | - |  | 130 |  | - |  | 321
Depreciation, depletion and amortization |  | - |  | 221 |  | - |  | - |  | - |  | 1,611 |  | - |  | 1,832
Impairments |  | - |  | - |  | - |  | - |  | - |  | 28 |  | - |  | 28
Taxes other than income taxes |  | - |  | 48 |  | - |  | - |  | - |  | 594 |  | - |  | 642
Accretion on discounted liabilities |  | - |  | 14 |  | - |  | - |  | - |  | 91 |  | - |  | 105
Interest and debt expense |  | 605 |  | 77 |  | 2 |  | 20 |  | 8 |  | 18 |  | (591) |  | 139
Foreign currency transaction (gains) losses |  | 24 |  | 1 |  | - |  | (48) |  | (16) |  | 32 |  | - |  | (7)
Total Costs and Expenses |  | 631 |  | 5,035 |  | 2 |  | (28) |  | (8) |  | 6,639 |  | (1,825) |  | 10,446
Income from continuing operations before |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| income taxes |  | 1,839 |  | 2,593 |  | - |  | 50 |  | 17 |  | 4,521 |  | (5,324) |  | 3,696
Provision for income taxes |  | (214) |  | 144 |  | - |  | 3 |  | - |  | 1,697 |  | - |  | 1,630
Income From Continuing Operations |  | 2,053 |  | 2,449 |  | - |  | 47 |  | 17 |  | 2,824 |  | (5,324) |  | 2,066
Income (loss) from discontinued operations |  | (3) |  | (3) |  | - |  | - |  | - |  | (3) |  | 6 |  | (3)
Net income |  | 2,050 |  | 2,446 |  | - |  | 47 |  | 17 |  | 2,821 |  | (5,318) |  | 2,063
Less: net income attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| noncontrolling interests |  | - |  | - |  | - |  | - |  | - |  | (13) |  | - |  | (13)
Net Income Attributable to ConocoPhillips | $ | 2,050 |  | 2,446 |  | - |  | 47 |  | 17 |  | 2,808 |  | (5,318) |  | 2,050
Comprehensive Income Attributable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to ConocoPhillips | $ | 412 |  | 808 |  | - |  | 5 |  | - |  | 1,142 |  | (1,955) |  | 412
Income Statement | Three Months Ended June 30, 2012
Revenues and Other Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales and other operating revenues | $ | - |  | 4,278 |  | - |  | - |  | - |  | 9,386 |  | - |  | 13,664
Equity in earnings of affiliates |  | 2,068 |  | 2,431 |  | - |  | - |  | - |  | 571 |  | (4,541) |  | 529
Gain on dispositions |  | - |  | - |  | - |  | - |  | - |  | 583 |  | - |  | 583
Other income |  | - |  | 24 |  | - |  | - |  | - |  | 42 |  | - |  | 66
Intercompany revenues |  | 18 |  | 245 |  | 12 |  | 23 |  | 9 |  | 1,616 |  | (1,923) |  | -
Total Revenues and Other Income |  | 2,086 |  | 6,978 |  | 12 |  | 23 |  | 9 |  | 12,198 |  | (6,464) |  | 14,842
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased commodities |  | - |  | 3,767 |  | - |  | - |  | - |  | 3,251 |  | (1,297) |  | 5,721
Production and operating expenses |  | - |  | 337 |  | - |  | - |  | - |  | 1,469 |  | (4) |  | 1,802
Selling, general and administrative expenses |  | 3 |  | 167 |  | - |  | - |  | - |  | 66 |  | (1) |  | 235
Exploration expenses |  | - |  | 96 |  | - |  | - |  | - |  | 169 |  | - |  | 265
Depreciation, depletion and amortization |  | - |  | 204 |  | - |  | - |  | - |  | 1,376 |  | - |  | 1,580
Impairments |  | - |  | - |  | - |  | - |  | - |  | 82 |  | - |  | 82
Taxes other than income taxes |  | - |  | 68 |  | - |  | - |  | - |  | 832 |  | - |  | 900
Accretion on discounted liabilities |  | - |  | 13 |  | - |  | - |  | - |  | 90 |  | - |  | 103
Interest and debt expense |  | 586 |  | 90 |  | 11 |  | 20 |  | 8 |  | 103 |  | (621) |  | 197
Foreign currency transaction (gains) losses |  | (2) |  | 54 |  | - |  | (23) |  | (15) |  | (2) |  | - |  | 12
Total Costs and Expenses |  | 587 |  | 4,796 |  | 11 |  | (3) |  | (7) |  | 7,436 |  | (1,923) |  | 10,897
Income from continuing operations before |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| income taxes |  | 1,499 |  | 2,182 |  | 1 |  | 26 |  | 16 |  | 4,762 |  | (4,541) |  | 3,945
Provision for income taxes |  | (199) |  | 114 |  | 1 |  | - |  | 1 |  | 2,308 |  | - |  | 2,225
Income From Continuing Operations |  | 1,698 |  | 2,068 |  | - |  | 26 |  | 15 |  | 2,454 |  | (4,541) |  | 1,720
Income from discontinued operations |  | 569 |  | 569 |  | - |  | - |  | - |  | 315 |  | (884) |  | 569
Net income |  | 2,267 |  | 2,637 |  | - |  | 26 |  | 15 |  | 2,769 |  | (5,425) |  | 2,289
Less: net income attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| noncontrolling interests |  | - |  | - |  | - |  | - |  | - |  | (22) |  | - |  | (22)
Net Income Attributable to ConocoPhillips | $ | 2,267 |  | 2,637 |  | - |  | 26 |  | 15 |  | 2,747 |  | (5,425) |  | 2,267
Comprehensive Income (Loss) Attributable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to ConocoPhillips | $ | 1,798 |  | 2,159 |  | - |  | (2) |  | 4 |  | 1,738 |  | (3,899) |  | 1,798
|  | Millions of Dollars
|  | Six Months Ended June 30, 2013
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 | $ | - |  | 9,085 |  | - |  | - |  | - |  | 18,431 |  | - |  | 27,516
Equity in earnings of affiliates |  | 4,840 |  | 5,685 |  | - |  | - |  | - |  | 963 |  | (10,632) |  | 856
Gain on dispositions |  | - |  | 1 |  | - |  | - |  | - |  | 152 |  | - |  | 153
Other income |  | 1 |  | 208 |  | - |  | - |  | - |  | 59 |  | - |  | 268
Intercompany revenues |  | 41 |  | 81 |  | 13 |  | 44 |  | 17 |  | 3,394 |  | (3,590) |  | -
Total Revenues and Other Income |  | 4,882 |  | 15,060 |  | 13 |  | 44 |  | 17 |  | 22,999 |  | (14,222) |  | 28,793
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased commodities |  | - |  | 7,907 |  | - |  | - |  | - |  | 5,822 |  | (2,374) |  | 11,355
Production and operating expenses |  | - |  | 687 |  | - |  | - |  | - |  | 2,692 |  | (20) |  | 3,359
Selling, general and administrative expenses |  | 6 |  | 250 |  | - |  | - |  | - |  | 120 |  | (18) |  | 358
Exploration expenses |  | - |  | 334 |  | - |  | - |  | - |  | 264 |  | - |  | 598
Depreciation, depletion and amortization |  | - |  | 429 |  | - |  | - |  | - |  | 3,210 |  | - |  | 3,639
Impairments |  | - |  | - |  | - |  | - |  | - |  | 30 |  | - |  | 30
Taxes other than income taxes |  | - |  | 125 |  | - |  | - |  | - |  | 1,409 |  | - |  | 1,534
Accretion on discounted liabilities |  | - |  | 28 |  | - |  | - |  | - |  | 183 |  | - |  | 211
Interest and debt expense |  | 1,191 |  | 160 |  | 12 |  | 39 |  | 16 |  | 29 |  | (1,178) |  | 269
Foreign currency transaction (gains) losses |  | 41 |  | 9 |  | - |  | (70) |  | (30) |  | 7 |  | - |  | (43)
Total Costs and Expenses |  | 1,238 |  | 9,929 |  | 12 |  | (31) |  | (14) |  | 13,766 |  | (3,590) |  | 21,310
Income from continuing operations before |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| income taxes |  | 3,644 |  | 5,131 |  | 1 |  | 75 |  | 31 |  | 9,233 |  | (10,632) |  | 7,483
Provision for income taxes |  | (419) |  | 291 |  | - |  | 2 |  | 1 |  | 3,518 |  | - |  | 3,393
Income From Continuing Operations |  | 4,063 |  | 4,840 |  | 1 |  | 73 |  | 30 |  | 5,715 |  | (10,632) |  | 4,090
Income from discontinued operations |  | 126 |  | 126 |  | - |  | - |  | - |  | 126 |  | (252) |  | 126
Net income |  | 4,189 |  | 4,966 |  | 1 |  | 73 |  | 30 |  | 5,841 |  | (10,884) |  | 4,216
Less: net income attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| noncontrolling interests |  | - |  | - |  | - |  | - |  | - |  | (27) |  | - |  | (27)
Net Income Attributable to ConocoPhillips | $ | 4,189 |  | 4,966 |  | 1 |  | 73 |  | 30 |  | 5,814 |  | (10,884) |  | 4,189
Comprehensive Income Attributable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to ConocoPhillips | $ | 1,942 |  | 2,719 |  | 1 |  | 1 |  | 1 |  | 3,534 |  | (6,256) |  | 1,942
Income Statement | Six Months Ended June 30, 2012
Revenues and Other Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales and other operating revenues | $ | - |  | 8,570 |  | - |  | - |  | - |  | 19,687 |  | - |  | 28,257
Equity in earnings of affiliates |  | 4,582 |  | 5,132 |  | - |  | - |  | - |  | 1,033 |  | (9,728) |  | 1,019
Gain on dispositions |  | - |  | - |  | - |  | - |  | - |  | 1,523 |  | - |  | 1,523
Other income |  | 1 |  | 55 |  | - |  | - |  | - |  | 70 |  | - |  | 126
Intercompany revenues |  | 19 |  | 685 |  | 23 |  | 45 |  | 17 |  | 2,441 |  | (3,230) |  | -
Total Revenues and Other Income |  | 4,602 |  | 14,442 |  | 23 |  | 45 |  | 17 |  | 24,754 |  | (12,958) |  | 30,925
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased commodities |  | - |  | 7,574 |  | - |  | - |  | - |  | 6,226 |  | (2,001) |  | 11,799
Production and operating expenses |  | - |  | 604 |  | - |  | - |  | - |  | 2,776 |  | (19) |  | 3,361
Selling, general and administrative expenses |  | 8 |  | 430 |  | - |  | - |  | - |  | 132 |  | (9) |  | 561
Exploration expenses |  | - |  | 186 |  | - |  | - |  | - |  | 754 |  | - |  | 940
Depreciation, depletion and amortization |  | - |  | 408 |  | - |  | - |  | - |  | 2,743 |  | - |  | 3,151
Impairments |  | - |  | - |  | - |  | - |  | - |  | 296 |  | - |  | 296
Taxes other than income taxes |  | - |  | 150 |  | - |  | - |  | - |  | 1,845 |  | - |  | 1,995
Accretion on discounted liabilities |  | - |  | 26 |  | - |  | - |  | - |  | 182 |  | - |  | 208
Interest and debt expense |  | 1,126 |  | 171 |  | 21 |  | 39 |  | 16 |  | 215 |  | (1,201) |  | 387
Foreign currency transaction (gains) losses |  | (2) |  | 26 |  | - |  | (12) |  | 1 |  | 4 |  | - |  | 17
Total Costs and Expenses |  | 1,132 |  | 9,575 |  | 21 |  | 27 |  | 17 |  | 15,173 |  | (3,230) |  | 22,715
Income from continuing operations before |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| income taxes |  | 3,470 |  | 4,867 |  | 2 |  | 18 |  | - |  | 9,581 |  | (9,728) |  | 8,210
Provision for income taxes |  | (389) |  | 285 |  | 1 |  | 6 |  | - |  | 4,408 |  | - |  | 4,311
Income From Continuing Operations |  | 3,859 |  | 4,582 |  | 1 |  | 12 |  | - |  | 5,173 |  | (9,728) |  | 3,899
Income from discontinued operations |  | 1,345 |  | 1,345 |  | - |  | - |  | - |  | 1,092 |  | (2,437) |  | 1,345
Net income |  | 5,204 |  | 5,927 |  | 1 |  | 12 |  | - |  | 6,265 |  | (12,165) |  | 5,244
Less: net income attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| noncontrolling interests |  | - |  | - |  | - |  | - |  | - |  | (40) |  | - |  | (40)
Net Income Attributable to ConocoPhillips | $ | 5,204 |  | 5,927 |  | 1 |  | 12 |  | - |  | 6,225 |  | (12,165) |  | 5,204
Comprehensive Income Attributable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to ConocoPhillips | $ | 5,621 |  | 6,335 |  | 1 |  | 17 |  | 2 |  | 6,021 |  | (12,376) |  | 5,621
|  | Millions of Dollars
|  | June 30, 2013
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 | $ | - |  | 192 |  | 2 |  | 54 |  | 2 |  | 3,659 |  | - |  | 3,909
Short-term investments |  | - |  | - |  | - |  | - |  | - |  | 75 |  | - |  | 75
Accounts and notes receivable |  | 75 |  | 2,385 |  | 1 |  | - |  | - |  | 10,034 |  | (4,075) |  | 8,420
Inventories |  | - |  | 112 |  | - |  | - |  | - |  | 1,022 |  | - |  | 1,134
Prepaid expenses and other current assets |  | 18 |  | 567 |  | - |  | 1 |  | - |  | 8,478 |  | - |  | 9,064
Total Current Assets |  | 93 |  | 3,256 |  | 3 |  | 55 |  | 2 |  | 23,268 |  | (4,075) |  | 22,602
Investments, loans and long-term receivables* |  | 83,568 |  | 118,899 |  | - |  | 1,379 |  | 547 |  | 43,994 |  | (224,371) |  | 24,016
Net properties, plants and equipment |  | - |  | 9,086 |  | - |  | - |  | - |  | 60,352 |  | - |  | 69,438
Other assets |  | 47 |  | 240 |  | - |  | 1 |  | 3 |  | 600 |  | - |  | 891
Total Assets | $ | 83,708 |  | 131,481 |  | 3 |  | 1,435 |  | 552 |  | 128,214 |  | (228,446) |  | 116,947
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | - |  | 4,780 |  | - |  | 1 |  | 1 |  | 9,730 |  | (4,075) |  | 10,437
Short-term debt |  | 395 |  | 4 |  | - |  | - |  | - |  | 155 |  | - |  | 554
Accrued income and other taxes |  | - |  | 117 |  | - |  | 5 |  | - |  | 2,691 |  | - |  | 2,813
Employee benefit obligations |  | - |  | 363 |  | - |  | - |  | - |  | 173 |  | - |  | 536
Other accruals |  | 211 |  | 654 |  | - |  | 15 |  | 6 |  | 1,489 |  | - |  | 2,375
Total Current Liabilities |  | 606 |  | 5,918 |  | - |  | 21 |  | 7 |  | 14,238 |  | (4,075) |  | 16,715
Long-term debt |  | 9,051 |  | 5,211 |  | - |  | 1,250 |  | 499 |  | 5,156 |  | - |  | 21,167
Asset retirement obligations and accrued |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| environmental costs |  | - |  | 1,273 |  | - |  | - |  | - |  | 7,488 |  | - |  | 8,761
Joint venture acquisition obligation |  | - |  | - |  | - |  | - |  | - |  | 2,408 |  | - |  | 2,408
Deferred income taxes |  | 54 |  | 282 |  | - |  | 15 |  | 7 |  | 13,628 |  | - |  | 13,986
Employee benefit obligations |  | - |  | 2,397 |  | - |  | - |  | - |  | 806 |  | - |  | 3,203
Other liabilities and deferred credits* |  | 32,327 |  | 22,898 |  | - |  | 47 |  | 18 |  | 17,278 |  | (70,793) |  | 1,775
Total Liabilities |  | 42,038 |  | 37,979 |  | - |  | 1,333 |  | 531 |  | 61,002 |  | (74,868) |  | 68,015
Retained earnings |  | 31,336 |  | 29,064 |  | 1 |  | (7) |  | (45) |  | 35,630 |  | (58,080) |  | 37,899
Other common stockholders’ equity |  | 10,334 |  | 64,438 |  | 2 |  | 109 |  | 66 |  | 31,158 |  | (95,498) |  | 10,609
Noncontrolling interests |  | - |  | - |  | - |  | - |  | - |  | 424 |  | - |  | 424
Total Liabilities and Stockholders’ Equity | $ | 83,708 |  | 131,481 |  | 3 |  | 1,435 |  | 552 |  | 128,214 |  | (228,446) |  | 116,947
Balance Sheet | December 31, 2012
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2 |  | 12 |  | 6 |  | 50 |  | 2 |  | 3,546 |  | - |  | 3,618
Restricted cash |  | 748 |  | - |  | - |  | - |  | - |  | - |  | - |  | 748
Accounts and notes receivable** |  | 64 |  | 2,711 |  | - |  | - |  | - |  | 11,494 |  | (5,087) |  | 9,182
Inventories |  | - |  | 57 |  | - |  | - |  | - |  | 908 |  | - |  | 965
Prepaid expenses and other current assets |  | 19 |  | 847 |  | - |  | 1 |  | - |  | 8,609 |  | - |  | 9,476
Total Current Assets |  | 833 |  | 3,627 |  | 6 |  | 51 |  | 2 |  | 24,557 |  | (5,087) |  | 23,989
Investments, loans and long-term receivables* |  | 80,910 |  | 114,314 |  | 759 |  | 1,455 |  | 578 |  | 44,739 |  | (217,749) |  | 25,006
Net properties, plants and equipment |  | - |  | 8,771 |  | - |  | - |  | - |  | 58,492 |  | - |  | 67,263
Other assets |  | 55 |  | 216 |  | - |  | 2 |  | 3 |  | 610 |  | - |  | 886
Total Assets | $ | 81,798 |  | 126,928 |  | 765 |  | 1,508 |  | 583 |  | 128,398 |  | (222,836) |  | 117,144
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable** | $ | - |  | 5,531 |  | - |  | 4 |  | 1 |  | 9,564 |  | (5,087) |  | 10,013
Short-term debt |  | (5) |  | 4 |  | 750 |  | - |  | - |  | 206 |  | - |  | 955
Accrued income and other taxes |  | - |  | 104 |  | - |  | 3 |  | - |  | 3,259 |  | - |  | 3,366
Employee benefit obligations |  | - |  | 485 |  | - |  | - |  | - |  | 257 |  | - |  | 742
Other accruals |  | 209 |  | 636 |  | 9 |  | 15 |  | 4 |  | 1,494 |  | - |  | 2,367
Total Current Liabilities |  | 204 |  | 6,760 |  | 759 |  | 22 |  | 5 |  | 14,780 |  | (5,087) |  | 17,443
Long-term debt |  | 9,453 |  | 5,215 |  | - |  | 1,250 |  | 499 |  | 4,353 |  | - |  | 20,770
Asset retirement obligations and accrued |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| environmental costs |  | - |  | 1,250 |  | - |  | - |  | - |  | 7,697 |  | - |  | 8,947
Joint venture acquisition obligation |  | - |  | - |  | - |  | - |  | - |  | 2,810 |  | - |  | 2,810
Deferred income taxes |  | 15 |  | 598 |  | - |  | 16 |  | 7 |  | 12,549 |  | - |  | 13,185
Employee benefit obligations |  | - |  | 2,464 |  | - |  | - |  | - |  | 882 |  | - |  | 3,346
Other liabilities and deferred credits* |  | 30,938 |  | 19,916 |  | - |  | 117 |  | 50 |  | 21,174 |  | (69,979) |  | 2,216
Total Liabilities |  | 40,610 |  | 36,203 |  | 759 |  | 1,405 |  | 561 |  | 64,245 |  | (75,066) |  | 68,717
Retained earnings |  | 28,815 |  | 24,041 |  | 4 |  | (78) |  | (73) |  | 30,778 |  | (48,149) |  | 35,338
Other common stockholders’ equity |  | 12,373 |  | 66,684 |  | 2 |  | 181 |  | 95 |  | 32,935 |  | (99,621) |  | 12,649
Noncontrolling interests |  | - |  | - |  | - |  | - |  | - |  | 440 |  | - |  | 440
Total Liabilities and Stockholders’ Equity | $ | 81,798 |  | 126,928 |  | 765 |  | 1,508 |  | 583 |  | 128,398 |  | (222,836) |  | 117,144
*Includes intercompany loans.
**Revised to conform to current-year presentation in the ConocoPhillips Company and All Other Subsidiaries columns at December 31, 2012. There was no impact to Total Consolidated balances.
|  | Millions of Dollars
Statement of Cash Flows | Six Months Ended June 30, 2013
|  | 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 continuing operating activities | $ | 883 |  | 2,176 |  | - |  | 4 |  | - |  | 5,983 |  | (749) |  | 8,297
Net cash provided by discontinued operations | - |  | - |  | - |  | - |  | - |  | 465 |  | (291) |  | 174
Net Cash Provided by Operating Activities |  | 883 |  | 2,176 |  | - |  | 4 |  | - |  | 6,448 |  | (1,040) |  | 8,471
Cash Flows From Investing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures and investments |  | - |  | (1,355) |  | - |  | - |  | - |  | (6,080) |  | 339 |  | (7,096)
Proceeds from asset dispositions |  | - |  | 56 |  | - |  | - |  | - |  | 1,670 |  | (50) |  | 1,676
Net purchases of short-term investments |  | - |  | - |  | - |  | - |  | - |  | (74) |  | - |  | (74)
Long-term advances/loans—related parties |  | - |  | (113) |  | - |  | - |  | - |  | (710) |  | 823 |  | -
Collection of advances/loans—related parties |  | - |  | 251 |  | 750 |  | - |  | - |  | 1,609 |  | (2,539) |  | 71
Other |  | - |  | 3 |  | - |  | - |  | - |  | (49) |  | - |  | (46)
Net cash provided by (used in) continuing investing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| activities |  | - |  | (1,158) |  | 750 |  | - |  | - |  | (3,634) |  | (1,427) |  | (5,469)
Net cash used in discontinued operations |  | - |  | - |  | - |  | - |  | - |  | (379) |  | - |  | (379)
Net Cash Provided by (Used in) Investing Activities |  | - |  | (1,158) |  | 750 |  | - |  | - |  | (4,013) |  | (1,427) |  | (5,848)
Cash Flows From Financing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of debt |  | - |  | 697 |  | - |  | - |  | - |  | 126 |  | (823) |  | -
Repayment of debt |  | - |  | (1,566) |  | (750) |  | - |  | - |  | (1,121) |  | 2,539 |  | (898)
Change in restricted cash |  | 748 |  | - |  | - |  | - |  | - |  | - |  | - |  | 748
Issuance of company common stock |  | (5) |  | - |  | - |  | - |  | - |  | - |  | - |  | (5)
Dividends paid |  | (1,629) |  | - |  | (4) |  | - |  | - |  | (945) |  | 949 |  | (1,629)
Other |  | 1 |  | 31 |  | - |  | - |  | - |  | (134) |  | (289) |  | (391)
Net cash used in continuing financing activities |  | (885) |  | (838) |  | (754) |  | - |  | - |  | (2,074) |  | 2,376 |  | (2,175)
Net cash used in discontinued operations |  | - |  | - |  | - |  | - |  | - |  | (91) |  | 91 |  | -
Net Cash Used in Financing Activities |  | (885) |  | (838) |  | (754) |  | - |  | - |  | (2,165) |  | 2,467 |  | (2,175)
Effect of Exchange Rate Changes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| on Cash and Cash Equivalents |  | - |  | - |  | - |  | - |  | - |  | (157) |  | - |  | (157)
Net Change in Cash and Cash Equivalents |  | (2) |  | 180 |  | (4) |  | 4 |  | - |  | 113 |  | - |  | 291
Cash and cash equivalents at beginning of period |  | 2 |  | 12 |  | 6 |  | 50 |  | 2 |  | 3,546 |  | - |  | 3,618
Cash and Cash Equivalents at End of Period | $ | - |  | 192 |  | 2 |  | 54 |  | 2 |  | 3,659 |  | - |  | 3,909
Statement of Cash Flows | Six Months Ended June 30, 2012
Cash Flows From Operating Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by continuing operating activities | $ | 3,221 |  | 8,449 |  | 2 |  | 7 |  | - |  | 4,007 |  | (9,538) |  | 6,148
Net cash provided by discontinued operations |  | - |  | 285 |  | - |  | - |  | - |  | 99 |  | - |  | 384
Net Cash Provided by Operating Activities |  | 3,221 |  | 8,734 |  | 2 |  | 7 |  | - |  | 4,106 |  | (9,538) |  | 6,532
Cash Flows From Investing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures and investments |  | (317) |  | (5,217) |  | - |  | - |  | - |  | (6,592) |  | 4,685 |  | (7,441)
Proceeds from asset dispositions |  | 14 |  | 1 |  | - |  | - |  | - |  | 1,565 |  | (14) |  | 1,566
Net sales of short-term investments |  | - |  | - |  | - |  | - |  | - |  | 597 |  | - |  | 597
Long-term advances/loans—related parties |  | - |  | - |  | - |  | - |  | - |  | (2,906) |  | 2,906 |  | -
Collection of advances/loans—related parties |  | - |  | 102 |  | - |  | - |  | - |  | 28 |  | (82) |  | 48
Other |  | - |  | 4 |  | - |  | - |  | - |  | 16 |  | - |  | 20
Net cash used in continuing investing activities |  | (303) |  | (5,110) |  | - |  | - |  | - |  | (7,292) |  | 7,495 |  | (5,210)
Net cash provided by (used in) discontinued |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| operations |  | - |  | (232) |  | - |  | - |  | - |  | 7,617 |  | (8,100) |  | (715)
Net Cash Provided by (Used in) Investing Activities |  | (303) |  | (5,342) |  | - |  | - |  | - |  | 325 |  | (605) |  | (5,925)
Cash Flows From Financing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of debt |  | 831 |  | 3,000 |  | - |  | - |  | - |  | 6 |  | (3,006) |  | 831
Repayment of debt |  | - |  | (8,215) |  | - |  | - |  | - |  | (113) |  | 8,281 |  | (47)
Special cash distribution from Phillips 66 |  | 7,818 |  | - |  | - |  | - |  | - |  | - |  | - |  | 7,818
Change in restricted cash |  | (5,000) |  | - |  | - |  | - |  | - |  | - |  | - |  | (5,000)
Issuance of company common stock |  | 45 |  | - |  | - |  | - |  | - |  | - |  | - |  | 45
Repurchase of company common stock |  | (4,949) |  | - |  | - |  | - |  | - |  | - |  | - |  | (4,949)
Dividends paid |  | (1,661) |  | - |  | - |  | - |  | - |  | (3,893) |  | 3,893 |  | (1,661)
Other |  | (2) |  | 41 |  | - |  | - |  | - |  | (408) |  | - |  | (369)
Net cash used in continuing financing activities |  | (2,918) |  | (5,174) |  | - |  | - |  | - |  | (4,408) |  | 9,168 |  | (3,332)
Net cash used in discontinued operations |  | - |  | (227) |  | - |  | - |  | - |  | (2,767) |  | 975 |  | (2,019)
Net Cash Used in Financing Activities |  | (2,918) |  | (5,401) |  | - |  | - |  | - |  | (7,175) |  | 10,143 |  | (5,351)
Effect of Exchange Rate Changes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| on Cash and Cash Equivalents |  | - |  | (7) |  | - |  | - |  | - |  | 15 |  | - |  | 8
Net Change in Cash and Cash Equivalents |  | - |  | (2,016) |  | 2 |  | 7 |  | - |  | (2,729) |  | - |  | (4,736)
Cash and cash equivalents at beginning of period |  | - |  | 2,028 |  | 1 |  | 37 |  | 1 |  | 3,713 |  | - |  | 5,780
Cash and Cash Equivalents at End of Period | $ | - |  | 12 |  | 3 |  | 44 |  | 1 |  | 984 |  | - |  | 1,044

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