Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 98

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 98
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,897 (Gain) loss on asset sales (note 8, 18)(18)(73)(158)Deferred income taxes and other(142)(85)(77)Changes in operating assets and liabilities:   Accounts receivable(1,276)237 (862)Inventories, materials, supplies and prepaid expenses335 (688)(477)Income taxes payable(170)(2,331)1,876 Accounts payable and accrued liabilities616 81 948 All other items - net (b)(137)(203)(5)Cash flows from (used in) operating activities5,981 3,734 10,482  Investing activities   Additions to property, plant and equipment(1,867)(1,785)(1,526)Proceeds from asset sales (note 8, 18)25 86 904 Additional investments— — (6)Loans to equity companies - net17 5 10 Cash flows from (used in) investing activities(1,825)(1,694)(618) Financing activities   Short-term debt - net (note 12)(100)— — Long-term debt - reduction (note 14)— — (1,000)Finance lease obligations - reduction (note 14)(22)(22)(22)Dividends paid(1,238)(1,103)(851)Common shares purchased (note 10)(2,681)(3,800)(6,395)Cash flows from (used in) financing activities(4,041)(4,925)(8,268) Increase (decrease) in cash and cash equivalents115 (2,885)1,596 Cash and cash equivalents at beginning of year864 3,749 2,153 Cash and cash equivalents at end of year (a)979 864 3,749 (a)  Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with maturity of       three months or less.(b)  Included contributions to registered pension plans.(150)(148)(174) Income taxes (paid) refunded.(1,771)(4,153)(374)Interest (paid), net of capitalization.(42)(69)(60)

The information in the notes to consolidated financial statements is an integral part of these statements. 

79

Notes to consolidated financial statements

The accompanying consolidated