Consolidated Statement of Cash Flows
|
|
|
|
$ million |
||
|---|---|---|---|---|---|---|
|
Notes |
2022 |
2021 |
2020 |
||
Income/(loss) before taxation for the period |
|
64,815 |
29,829 |
(26,967) |
||
Adjustment for: |
|
|
|
|
||
Interest expense (net) |
|
2,135 |
3,096 |
3,316 |
||
Depreciation, depletion and amortisation |
|
18,529 |
26,921 |
52,444 |
||
Exploration well write-offs |
881 |
639 |
815 |
|||
Net gains on sale and revaluation of non-current assets and businesses |
|
(642) |
(5,995) |
(286) |
||
Share of profit of joint ventures and associates |
|
(3,972) |
(4,097) |
(1,783) |
||
Dividends received from joint ventures and associates |
|
4,398 |
3,929 |
2,591 |
||
(Increase)/decrease in inventories |
|
(8,360) |
(7,319) |
4,477 |
||
(Increase)/decrease in current receivables |
|
(8,989) |
(20,567) |
9,625 |
||
Increase/(decrease) in current payables |
|
11,915 |
17,519 |
(9,494) |
||
Derivative financial instruments |
|
(2,619) |
5,882 |
977 |
||
Retirement benefits |
|
417 |
16 |
568 |
||
Decommissioning and other provisions |
|
35 |
(76) |
1,104 |
||
Other |
|
2,991 |
803 |
8 |
||
Tax paid |
|
(13,120) |
(5,476) |
(3,290) |
||
Cash flow from operating activities |
|
68,414 |
45,104 |
34,105 |
||
Capital expenditure |
|
(22,600) |
(19,000) |
(16,585) |
||
Investments in joint ventures and associates |
|
(1,973) |
(479) |
(1,024) |
||
Investment in equity securities |
|
(260) |
(218) |
(218) |
||
Proceeds from sale of property, plant and equipment and businesses |
|
1,431 |
14,233 |
2,489 |
||
Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans |
|
511 |
584 |
1,240 |
||
Proceeds from sale of equity securities |
|
117 |
296 |
281 |
||
Interest received |
|
906 |
423 |
532 |
||
Other investing cash inflows |
|
2,060 |
2,928 |
3,239 |
||
Other investing cash outflows |
|
(2,640) |
(3,528) |
(3,232) |
||
Cash flow from investing activities |
|
(22,448) |
(4,761) |
(13,278) |
||
Net increase/(decrease) in debt with maturity period within three months |
|
318 |
14 |
(63) |
||
Other debt: |
|
|
|
|
||
New borrowings |
|
269 |
1,791 |
23,033 |
||
Repayments |
|
(8,459) |
(21,534) |
(17,385) |
||
Interest paid |
|
(3,677) |
(4,014) |
(4,105) |
||
Derivative financial instruments |
|
(1,799) |
(1,165) |
1,157 |
||
Change in non-controlling interest |
|
(1,965) |
19 |
(42) |
||
Cash dividends paid to: |
|
|
|
|
||
Shell plc shareholders [A] |
|
(7,405) |
(6,253) |
(7,424) |
||
Non-controlling interest |
|
(206) |
(348) |
(311) |
||
Repurchases of shares |
|
(18,437) |
(2,889) |
(1,702) |
||
Shares held in trust: net purchases and dividends received |
|
(593) |
(285) |
(382) |
||
Cash flow from financing activities |
|
(41,954) |
(34,664) |
(7,224) |
||
Effects of exchange rate changes on cash and cash equivalents |
|
(736) |
(539) |
172 |
||
Increase in cash and cash equivalents |
|
3,276 |
5,140 |
13,775 |
||
Cash and cash equivalents at beginning of year |
|
36,970 |
31,830 |
18,055 |
||
Cash and cash equivalents at end of year |
40,246 |
36,970 |
31,830 |
|||
|
||||||
