10-Q Filing

IMPERIAL OIL LTD CIK: 49938 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-155958`
Period End Date	20170331
Filing Date	20170503
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	imo-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 40 Cash Flow Statement 46 Comprehensive Income 10

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	391.00M	CAD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	672.00M	CAD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	203.00M	CAD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	155.00M	CAD	Point-in-time
Accounts receivable, less estimated doubtful accounts	`ReceivablesNetCurrent`	2.02B	CAD	Point-in-time
Accounts receivable, less estimated doubtful accounts	`ReceivablesNetCurrent`	1.75B	CAD	Point-in-time
Inventories of crude oil and products	`InventoryFinishedGoodsAndWorkInProcess`	1.03B	CAD	Point-in-time
Amounts receivable (payable) from (to) related parties	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	318.00M	CAD	Point-in-time
Amounts receivable (payable) from (to) related parties	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	172.00M	CAD	Point-in-time
Inventories of crude oil and products	`InventoryFinishedGoodsAndWorkInProcess`	949.00M	CAD	Point-in-time
Materials, supplies and prepaid expenses	`MaterialsSuppliesAndPrepaidExpenses`	457.00M	CAD	Point-in-time
Due to related parties, current	`DueToRelatedPartiesCurrent`	75.00M	CAD	Point-in-time
Due to related parties, current	`DueToRelatedPartiesCurrent`	75.00M	CAD	Point-in-time
Materials, supplies and prepaid expenses	`MaterialsSuppliesAndPrepaidExpenses`	468.00M	CAD	Point-in-time
Total current assets	`AssetsCurrent`	3.91B	CAD	Point-in-time
Total current assets	`AssetsCurrent`	3.83B	CAD	Point-in-time
Common shares authorized	`CommonStockSharesAuthorized`	1.10B	shares	Point-in-time
Common shares authorized	`CommonStockSharesAuthorized`	1.10B	shares	Point-in-time
Investments and long-term receivables	`LongTermInvestmentsAndReceivablesNet`	1.01B	CAD	Point-in-time
Investments and long-term receivables	`LongTermInvestmentsAndReceivablesNet`	1.03B	CAD	Point-in-time
Common shares outstanding	`CommonStockSharesOutstanding`	848.00M	shares	Point-in-time
Property, plant and equipment,	`PropertyPlantAndEquipmentGross`	53.52B	CAD	Point-in-time
Common shares outstanding	`CommonStockSharesOutstanding`	848.00M	shares	Point-in-time
Property, plant and equipment,	`PropertyPlantAndEquipmentGross`	53.62B	CAD	Point-in-time
less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	17.18B	CAD	Point-in-time
less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	17.56B	CAD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	36.33B	CAD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	36.06B	CAD	Point-in-time
Goodwill	`Goodwill`	186.00M	CAD	Point-in-time
Goodwill	`Goodwill`	186.00M	CAD	Point-in-time
Other assets, including intangibles, net	`OtherAssetsNoncurrent`	241.00M	CAD	Point-in-time
Other assets, including intangibles, net	`OtherAssetsNoncurrent`	274.00M	CAD	Point-in-time
Total assets	`Assets`	43.19B	CAD	Point-in-time
Total assets	`Assets`	41.65B	CAD	Point-in-time
Total assets	`Assets`	41.41B	CAD	Point-in-time
Notes and loans payable	`DebtCurrent`	202.00M	CAD	Point-in-time
Notes and loans payable	`DebtCurrent`	202.00M	CAD	Point-in-time
Accounts payable and accrued liabilities (note 7)	`AccountsPayableAndAccruedLiabilitiesCurrent`	2.98B	CAD	Point-in-time
Accounts payable and accrued liabilities (note 7)	`AccountsPayableAndAccruedLiabilitiesCurrent`	3.19B	CAD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	488.00M	CAD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	24.00M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	3.88B	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	3.21B	CAD	Point-in-time
Long-term debt (note 6)	`LongTermDebtAndCapitalLeaseObligations`	5.03B	CAD	Point-in-time
Long-term debt (note 6)	`LongTermDebtAndCapitalLeaseObligations`	5.03B	CAD	Point-in-time
Other long-term obligations (note 7)	`OtherLiabilitiesNoncurrent`	3.66B	CAD	Point-in-time
Other long-term obligations (note 7)	`OtherLiabilitiesNoncurrent`	3.62B	CAD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	4.06B	CAD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	4.25B	CAD	Point-in-time
Total liabilities	`Liabilities`	16.63B	CAD	Point-in-time
Total liabilities	`Liabilities`	16.11B	CAD	Point-in-time
Common shares at stated value	`CommonStockValue`	1.57B	CAD	Point-in-time
Common shares at stated value	`CommonStockValue`	1.57B	CAD	Point-in-time
Earnings reinvested	`RetainedEarningsAccumulatedDeficit`	25.56B	CAD	Point-in-time
Earnings reinvested	`RetainedEarningsAccumulatedDeficit`	25.35B	CAD	Point-in-time
Accumulated other comprehensive income (loss) (note 9)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-1.83B	CAD	Point-in-time
Accumulated other comprehensive income (loss) (note 9)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-1.90B	CAD	Point-in-time
Accumulated other comprehensive income (loss) (note 9)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-1.69B	CAD	Point-in-time
Accumulated other comprehensive income (loss) (note 9)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-1.82B	CAD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	25.02B	CAD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	25.30B	CAD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	41.65B	CAD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	41.41B	CAD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Amounts from related parties included in operating revenues	`RevenueFromRelatedParties`	563.00M	CAD	1 Quarter
Amounts from related parties included in operating revenues	`RevenueFromRelatedParties`	1.04B	CAD	1 Quarter
Operating revenues	`OperatingRevenuesIncludingFederalExciseTax`	5.17B	CAD	1 Quarter
Operating revenues	`OperatingRevenuesIncludingFederalExciseTax`	6.96B	CAD	1 Quarter
Amounts to related parties included in purchases of crude oil and products	`CrudeOilAndProductPurchasesRelatedParties`	631.00M	CAD	1 Quarter
Amounts to related parties included in purchases of crude oil and products	`CrudeOilAndProductPurchasesRelatedParties`	609.00M	CAD	1 Quarter
Amounts to related parties included in production and manufacturing and selling and general expenses	`ProductionAndManufacturingExpensesRelatedParties`	104.00M	CAD	1 Quarter
Investment and other income (note 3)	`OtherIncome`	198.00M	CAD	1 Quarter
Amounts to related parties included in production and manufacturing and selling and general expenses	`ProductionAndManufacturingExpensesRelatedParties`	141.00M	CAD	1 Quarter
Investment and other income (note 3)	`OtherIncome`	48.00M	CAD	1 Quarter
Total revenues and other income	`TotalRevenuesAndOtherIncome`	5.22B	CAD	1 Quarter
Total revenues and other income	`TotalRevenuesAndOtherIncome`	7.16B	CAD	1 Quarter
Exploration	`ExplorationExpense`	17.00M	CAD	1 Quarter
Exploration	`ExplorationExpense`	22.00M	CAD	1 Quarter
Purchases of crude oil and products	`CrudeOilAndProductPurchases`	2.99B	CAD	1 Quarter
Purchases of crude oil and products	`CrudeOilAndProductPurchases`	4.33B	CAD	1 Quarter
Production and manufacturing	`ProductionAndManufacturingExpenses`	1.27B	CAD	1 Quarter
Production and manufacturing	`ProductionAndManufacturingExpenses`	1.38B	CAD	1 Quarter
Selling and general	`SellingAndGeneral`	206.00M	CAD	1 Quarter
Selling and general	`SellingAndGeneral`	270.00M	CAD	1 Quarter
Federal excise tax	`FederalExciseTax`	388.00M	CAD	1 Quarter
Federal excise tax	`FederalExciseTax`	394.00M	CAD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	392.00M	CAD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	424.00M	CAD	1 Quarter
Financing costs (note 5)	`InterestIncomeExpenseNet`	-14.00M	CAD	1 Quarter
Financing costs (note 5)	`InterestIncomeExpenseNet`	-15.00M	CAD	1 Quarter
Total expenses	`CostsAndExpenses`	5.37B	CAD	1 Quarter
Total expenses	`CostsAndExpenses`	6.74B	CAD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-149.00M	CAD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	420.00M	CAD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-48.00M	CAD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	87.00M	CAD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-101.00M	CAD	1 Quarter
Net income (loss)	`NetIncomeLoss`	333.00M	CAD	1 Quarter
Net income (loss) per common share - basic (note 8)	`EarningsPerShareBasic`	-0.12	CAD	1 Quarter
Net income (loss) per common share - basic (note 8)	`EarningsPerShareBasic`	0.39	CAD	1 Quarter
Net income (loss) per common share - diluted (note 8)	`EarningsPerShareDiluted`	0.39	CAD	1 Quarter
Net income (loss) per common share - diluted (note 8)	`EarningsPerShareDiluted`	-0.12	CAD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	0.14	CAD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	0.15	CAD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Included contribution to registered pension plans	`ContributionToRegisteredPensionPlanAssets`	-31.00M	CAD	1 Quarter
Included contribution to registered pension plans	`ContributionToRegisteredPensionPlanAssets`	-40.00M	CAD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-101.00M	CAD	1 Quarter
Net income (loss)	`NetIncomeLoss`	333.00M	CAD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	392.00M	CAD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	424.00M	CAD	1 Quarter
(Gain) loss on asset sales (note 3)	`GainLossOnDispositionOfAssets1`	30.00M	CAD	1 Quarter
(Gain) loss on asset sales (note 3)	`GainLossOnDispositionOfAssets1`	182.00M	CAD	1 Quarter
Deferred income taxes and other	`DeferredIncomeTaxesAndOther`	200.00M	CAD	1 Quarter
Deferred income taxes and other	`DeferredIncomeTaxesAndOther`	-82.00M	CAD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-278.00M	CAD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	58.00M	CAD	1 Quarter
Inventories, materials, supplies and prepaid expenses	`IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses`	32.00M	CAD	1 Quarter
Inventories, materials, supplies and prepaid expenses	`IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses`	72.00M	CAD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-464.00M	CAD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-9.00M	CAD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-189.00M	CAD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-210.00M	CAD	1 Quarter
All other items - net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-79.00M	CAD	1 Quarter
All other items - net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-126.00M	CAD	1 Quarter
Cash flows from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	354.00M	CAD	1 Quarter
Cash flows from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	49.00M	CAD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquireProductiveAssets`	391.00M	CAD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquireProductiveAssets`	122.00M	CAD	1 Quarter
Proceeds from asset sales (note 3)	`ProceedsFromSaleOfPropertyPlantAndEquipment`	183.00M	CAD	1 Quarter
Proceeds from asset sales (note 3)	`ProceedsFromSaleOfPropertyPlantAndEquipment`	33.00M	CAD	1 Quarter
Cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	61.00M	CAD	1 Quarter
Cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-358.00M	CAD	1 Quarter
Short-term debt - net	`ProceedsFromRepaymentsOfShortTermDebt`	-108.00M	CAD	1 Quarter
Long-term debt - additions (note 6)	`ProceedsFromIssuanceOfLongTermDebt`	495.00M	CAD	1 Quarter
Reduction in capitalized lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	7.00M	CAD	1 Quarter
Reduction in capitalized lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	7.00M	CAD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	119.00M	CAD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	127.00M	CAD	1 Quarter
Cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-134.00M	CAD	1 Quarter
Cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	261.00M	CAD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	281.00M	CAD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-48.00M	CAD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	391.00M	CAD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	672.00M	CAD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	203.00M	CAD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	155.00M	CAD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	391.00M	CAD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	672.00M	CAD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	203.00M	CAD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	155.00M	CAD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	-101.00M	CAD	1 Quarter
Net income (loss)	`NetIncomeLoss`	333.00M	CAD	1 Quarter
Post-retirement benefits liability adjustment (excluding amortization)	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	100.00M	CAD	1 Quarter
Post-retirement benefits liability adjustment (excluding amortization)	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	41.00M	CAD	1 Quarter
Amortization of post-retirement benefits liability adjustment included in net periodic benefit costs	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	41.00M	CAD	1 Quarter
Amortization of post-retirement benefits liability adjustment included in net periodic benefit costs	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	36.00M	CAD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	141.00M	CAD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	77.00M	CAD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	40.00M	CAD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	410.00M	CAD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.