Phillips 66
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
PSX$253.02+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| Consolidated Statement of Cash Flows | Phillips 66 |
|---|
| Millions of Dollars | ||
|---|---|---|
| Nine Months Ended September 30 | ||
| 2026 | 2025 | |
| Cash Flows From Operating Activities | ||
| Net income | $9,737 | 1,601 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 1,734 | 2,433 |
| Impairments | 49 | 981 |
| Accretion on discounted liabilities | 39 | 34 |
| Deferred income taxes | 375 | (167) |
| Undistributed equity earnings | (952) | 140 |
| Net gain on dispositions | (124) | (1,005) |
| Unrealized investment loss | 21 | 10 |
| Other | 322 | 72 |
| Working capital adjustments | ||
| Accounts and notes receivable | (3,746) | (42) |
| Inventories | (1,190) | (2,430) |
| Prepaid expenses and other current assets | (1,309) | (534) |
| Accounts payable | 5,269 | 406 |
| Taxes and other accruals | 2,051 | 711 |
| Net Cash Provided by Operating Activities | 12,276 | 2,210 |
| Cash Flows From Investing Activities | ||
| Capital expenditures and investments | (1,988) | (1,551) |
| Acquisitions, net of cash acquired | (179) | (2,210) |
| Return of investments in equity affiliates | 59 | 58 |
| Proceeds from asset dispositions | 87 | 2,031 |
| Other | (9) | 42 |
| Net Cash Used in Investing Activities | (2,030) | (1,630) |
| Cash Flows From Financing Activities | ||
| Issuance of debt | 8,190 | 5,949 |
| Repayments and repurchases of debt | (9,275) | (3,987) |
| Issuance of common stock | 155 | 93 |
| Repurchase of common stock | (2,921) | (933) |
| Dividends paid on common stock | (1,521) | (1,440) |
| Distributions to noncontrolling interests | (95) | (123) |
| Contributions from noncontrolling interests | 52 | 124 |
| Other | (68) | (94) |
| Net Cash Used in Financing Activities | (5,483) | (411) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (31) | 43 |
| Net Change in Cash and Cash Equivalents, including cash classified within Assets held for sale | 4,732 | 212 |
| Cash and cash equivalents at beginning of period | 1,116 | 1,738 |
| Cash and Cash Equivalents at End of Period, including cash classified within Assets held for sale | $5,848 | 1,950 |
| Millions of Dollars | ||
|---|---|---|
| Nine Months Ended September 30 | ||
| 2026 | 2025 | |
| Reconciliation of Cash and Cash Equivalents at end of period | ||
| Cash and cash equivalents | $5,848 | 1,845 |
| Cash and cash equivalents included in Assets held for sale | — | 105 |
| Cash and cash equivalents at end of period, including cash classified within Assets held for sale | $5,848 | 1,950 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.