10-K/APeriod: FY2010

CONOCOPHILLIPS Annual Report (Amendment), Year Ended Dec 31, 2010

Filed March 25, 2011For Securities:COP

Summary

This filing is an amendment to ConocoPhillips' 2010 10-K, primarily to include the separate financial statements of OAO LUKOIL as required by Rule 3-09 of Regulation S-X. These LUKOIL financials, prepared in accordance with US GAAP, cover periods up to June 30, 2010, and annual periods ending December 31, 2009. The amendment does not otherwise update or modify the original 10-K's disclosures. For the six months ending June 30, 2010, LUKOIL reported total assets of $82.39 billion and total liabilities of $23.28 billion, resulting in total equity of $59.11 billion. Net income attributable to OAO LUKOIL for this period was $4.002 billion. Key financial activities included significant capital expenditures of $3.19 billion and substantial net cash provided by operating activities of $6.26 billion.

Financial Highlights

50 data points
Beta

Revenue

$56.22B

Net Income

$11.36B

20.2% Net Margin

EPS (Diluted)

$7.62

Total Assets

$156.31B

Cash & Equivalents

$9.45B

Free Cash Flow

$17.05B

Financial Statements
Beta
Revenue$56.22B
R&D Expenses$172.00M
SG&A Expenses$809.00M
Operating Expenses$45.46B
Operating Income$10.25B
Interest Expense$1.40B
Net Income$11.36B
EPS (Basic)$7.68
EPS (Diluted)$7.62
Shares Outstanding (Basic)1.48M
Shares Outstanding (Diluted)1.49M

Key Highlights

  • 1This filing is an amendment to the 2010 Form 10-K, specifically to include the separate financial statements of OAO LUKOIL as per Rule 3-09 of Regulation S-X.
  • 2LUKOIL's interim consolidated financial statements for the six months ended June 30, 2010, show total assets of $82.39 billion and total liabilities of $23.28 billion.
  • 3Net income attributable to OAO LUKOIL for the six months ended June 30, 2010, was $4.002 billion.
  • 4Capital expenditures for the six months ended June 30, 2010, totaled $3.19 billion.
  • 5Operating activities provided $6.259 billion in net cash for the six months ended June 30, 2010.
  • 6The company's financial statements for LUKOIL are prepared in accordance with US GAAP and are unaudited for the interim periods presented.
  • 7The amendment does not update or modify any other financial position, results of operations, cash flows, or disclosures from the original 2010 10-K filing.

Frequently Asked Questions

The primary purpose of this amendment is to include the separate financial statements of OAO LUKOIL, as required by Rule 3-09 of Regulation S-X. These LUKOIL financial statements cover periods up to June 30, 2010, and the annual periods ending December 31, 2009.

The interim consolidated financial statements of OAO LUKOIL for the six-month period ended June 30, 2010, are unaudited. However, the consolidated balance sheet as of December 31, 2009, and the consolidated financial statements for the years ended December 31, 2009, 2008, and 2007, were audited.

For the six months ended June 30, 2010, OAO LUKOIL reported total assets of $82.39 billion, total liabilities of $23.28 billion, and total equity of $59.11 billion. Net income attributable to OAO LUKOIL was $4.002 billion, with net cash provided by operating activities amounting to $6.259 billion.

No, the filing explicitly states that this amendment does not update or modify in any way ConocoPhillips' financial position, results of operations, cash flows, or disclosures from the original 2010 Form 10-K. It solely serves to provide the required LUKOIL financial statements.