XML 84 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flow - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net income $ 1,017 $ 3,288
Adjustments for the following items:    
Depreciation 1,997 2,102
Finance costs (note 14) [1] 301 355
Net impairment charges (reversals) (notes 10 and 21) 1,671 (63)
Income tax expense (note 12) 664 1,344
Income from investment in equity investees (note 16) (258) (446)
Loss on currency translation 16 29
Gain on sale of non-current assets (note 9) (405) (213)
Change in working capital (note 15) (322) (273)
Other operating activities (note 15) (217) (203)
Operating cash flows before interest and income taxes 4,464 5,920
Interest paid (305) (303)
Interest received [1] 89 35
Income taxes paid [2] (767) (1,274)
Net cash provided by operating activities 3,481 4,378
INVESTING ACTIVITIES    
Capital expenditures (note 5) (3,049) (2,435)
Sales proceeds 88 35
Divestitures (note 4) 0 27
Proceeds from sales of investments other than investments accounted for using equity method 381  
Purchase of investments other than investments accounted for using equity method   (46)
Dividends received from equity method investments (note 16) 869 520
Shareholder loan repayments from equity method investments (note 16) 0 2
Net cash used in investing activities (1,711) (1,897)
FINANCING ACTIVITIES    
Lease repayments (20) (20)
Debt repayments (375) (7)
Dividends (note 31) (1,143) (634)
Return of capital (note 31) 0 (750)
Share buyback program (note 31) (424) 0
Funding from non-controlling interests (note 32) 0 12
Disbursements to non-controlling interests (note 32) (833) (1,104)
Other financing activities (note 15) 191 115
Net cash used in financing activities (2,604) (2,388)
Effect of exchange rate changes on cash and equivalents (6) (1)
Net increase (decrease) in cash and equivalents (840) 92
Cash and equivalents at beginning of year (note 25a) 5,280 5,188
Cash and equivalents at the end of year $ 4,440 $ 5,280
[1] 2021 figures have been restated to present the change in presentation to present interest received ($35 million) separately from finance costs.
[2] Income taxes paid excludes $126 million (2021: $69 million) of income taxes payable that were settled against offsetting VAT receivables.