Consolidated Statement of Cash Flows
|
|
|
|
$ million |
||||
|---|---|---|---|---|---|---|---|---|
|
Notes |
2021 |
2020 |
2019 |
||||
Income/(loss) before taxation for the period |
|
29,829 |
(26,967) |
25,485 |
||||
Adjustment for: |
|
|
|
|
||||
Interest expense (net) |
|
3,096 |
3,316 |
3,705 |
||||
Depreciation, depletion and amortisation |
|
26,921 |
52,444 |
28,701 |
||||
Exploration well write-offs |
639 |
815 |
1,218 |
|||||
Net gains on sale and revaluation of non-current assets and businesses |
|
(5,995) |
(286) |
(2,519) |
||||
Share of profit of joint ventures and associates |
|
(4,097) |
(1,783) |
(3,604) |
||||
Dividends received from joint ventures and associates |
|
3,929 |
2,591 |
4,139 |
||||
(Increase)/decrease in inventories |
|
(7,319) |
4,477 |
(2,635) |
||||
(Increase)/decrease in current receivables |
|
(20,567) |
9,625 |
(921) |
||||
Increase/(decrease) in current payables |
|
17,519 |
(9,494) |
(1,223) |
||||
Derivative financial instruments |
|
5,882 |
977 |
(1,484) |
||||
Retirement benefits |
|
16 |
568 |
(365) |
||||
Decommissioning and other provisions |
|
(76) |
1,104 |
(686) |
||||
Other |
|
803 |
8 |
(28) |
||||
Tax paid |
|
(5,476) |
(3,290) |
(7,605) |
||||
Cash flow from operating activities |
|
45,104 |
34,105 |
42,178 |
||||
Capital expenditure |
|
(19,000) |
(16,585) |
(22,971) |
||||
Investments in joint ventures and associates |
|
(479) |
(1,024) |
(743) |
||||
Investment in equity securities |
|
(218) |
(218) |
(205) |
||||
Proceeds from sale of property, plant and equipment and businesses |
|
14,233 |
2,489 |
4,803 |
||||
Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans [A] |
|
584 |
1,240 |
2,599 |
||||
Proceeds from sale of equity securities |
|
296 |
281 |
469 |
||||
Interest received |
|
423 |
532 |
911 |
||||
Other investing cash inflows |
|
2,928 |
3,239 |
2,921 |
||||
Other investing cash outflows |
|
(3,528) |
(3,232) |
(3,563) |
||||
Cash flow from investing activities |
|
(4,761) |
(13,278) |
(15,779) |
||||
Net increase/(decrease) in debt with maturity period within three months |
|
14 |
(63) |
(308) |
||||
Other debt: |
|
|
|
|
||||
New borrowings |
|
1,791 |
23,033 |
11,185 |
||||
Repayments |
|
(21,534) |
(17,385) |
(14,292) |
||||
Interest paid |
|
(4,014) |
(4,105) |
(4,649) |
||||
Derivative financial instruments |
|
(1,165) |
1,157 |
(48) |
||||
Change in non-controlling interest |
|
19 |
(42) |
— |
||||
Cash dividends paid to: |
|
|
|
|
||||
Shell plc shareholders [B] |
|
(6,253) |
(7,424) |
(15,198) |
||||
Non-controlling interest |
|
(348) |
(311) |
(537) |
||||
Repurchases of shares |
|
(2,889) |
(1,702) |
(10,188) |
||||
Shares held in trust: net purchases and dividends received |
|
(285) |
(382) |
(1,174) |
||||
Cash flow from financing activities |
|
(34,664) |
(7,224) |
(35,209) |
||||
Effects of exchange rate changes on cash and cash equivalents |
|
(539) |
172 |
124 |
||||
Increase/(decrease) in cash and cash equivalents |
|
5,140 |
13,775 |
(8,686) |
||||
Cash and cash equivalents at beginning of year |
|
31,830 |
18,055 |
26,741 |
||||
Cash and cash equivalents at end of year |
36,970 |
31,830 |
18,055 |
|||||
|
||||||||
