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10-Q Filing

IMPERIAL OIL LTD CIK: 49938 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001193125-20-134739
Period End Date 20200331
Filing Date 20200506
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance d915459d10q_htm.xml
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Cash CashAndCashEquivalentsAtCarryingValue 1.01B CAD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue 988.00M CAD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue 1.39B CAD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue 1.72B CAD Point-in-time
Accounts receivable, less estimated doubtful accounts (note 5) ReceivablesNetCurrent 2.70B CAD Point-in-time
Accounts receivable, less estimated doubtful accounts (note 5) ReceivablesNetCurrent 1.56B CAD Point-in-time
Inventories of crude oil and products (note 13) InventoryFinishedGoodsAndWorkInProcess 1.30B CAD Point-in-time
Inventories of crude oil and products (note 13) InventoryFinishedGoodsAndWorkInProcess 1.05B CAD Point-in-time
Materials, supplies and prepaid expenses MaterialsSuppliesAndPrepaidExpenses 616.00M CAD Point-in-time
Materials, supplies and prepaid expenses MaterialsSuppliesAndPrepaidExpenses 692.00M CAD Point-in-time
Amounts receivable (payable) from (to) related parties RelatedPartyTransactionDueFromToRelatedPartyCurrent 264.00M CAD Point-in-time
Amounts receivable (payable) from (to) related parties RelatedPartyTransactionDueFromToRelatedPartyCurrent 1.01B CAD Point-in-time
Total current assets AssetsCurrent 6.33B CAD Point-in-time
Total current assets AssetsCurrent 4.69B CAD Point-in-time
Investments and long-term receivables (note 5) LongTermInvestmentsAndReceivablesNet 891.00M CAD Point-in-time
Investments and long-term receivables (note 5) LongTermInvestmentsAndReceivablesNet 902.00M CAD Point-in-time
Property, plant and equipment, PropertyPlantAndEquipmentGross 54.87B CAD Point-in-time
Property, plant and equipment, PropertyPlantAndEquipmentGross 55.17B CAD Point-in-time
less accumulated depreciation and depletion AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 21.09B CAD Point-in-time
less accumulated depreciation and depletion AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 20.66B CAD Point-in-time
Common shares authorized CommonStockSharesAuthorized 1.10B shares Point-in-time
Common shares authorized CommonStockSharesAuthorized 1.10B shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet 34.20B CAD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet 34.08B CAD Point-in-time
Common shares outstanding CommonStockSharesOutstanding 744.00M shares Point-in-time
Common shares outstanding CommonStockSharesOutstanding 734.00M shares Point-in-time
Goodwill (note 13) Goodwill 166.00M CAD Point-in-time
Goodwill (note 13) Goodwill 186.00M CAD Point-in-time
Other assets, including intangibles, net OtherAssetsNoncurrent 578.00M CAD Point-in-time
Other assets, including intangibles, net OtherAssetsNoncurrent 582.00M CAD Point-in-time
Total assets Assets 42.50B CAD Point-in-time
Total assets Assets 42.19B CAD Point-in-time
Total assets Assets 40.41B CAD Point-in-time
Notes and loans payable DebtCurrent 229.00M CAD Point-in-time
Notes and loans payable DebtCurrent 229.00M CAD Point-in-time
Accounts payable and accrued liabilities (note 9) AccountsPayableAndAccruedLiabilitiesCurrent 3.23B CAD Point-in-time
Accounts payable and accrued liabilities (note 9) AccountsPayableAndAccruedLiabilitiesCurrent 4.26B CAD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent 106.00M CAD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent 2.00M CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.47B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 4.59B CAD Point-in-time
Long-term debt (note 8) LongTermDebtAndCapitalLeaseObligations 4.97B CAD Point-in-time
Long-term debt (note 8) LongTermDebtAndCapitalLeaseObligations 4.96B CAD Point-in-time
Other long-term obligations (note 9) OtherLiabilitiesNoncurrent 3.64B CAD Point-in-time
Other long-term obligations (note 9) OtherLiabilitiesNoncurrent 3.73B CAD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent 4.67B CAD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent 4.72B CAD Point-in-time
Total liabilities Liabilities 17.91B CAD Point-in-time
Total liabilities Liabilities 16.84B CAD Point-in-time
Common shares at stated value (note 11) CommonStockValue 1.36B CAD Point-in-time
Common shares at stated value (note 11) CommonStockValue 1.38B CAD Point-in-time
Earnings reinvested RetainedEarningsAccumulatedDeficit 24.81B CAD Point-in-time
Earnings reinvested RetainedEarningsAccumulatedDeficit 24.20B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 12) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.47B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 12) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.52B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 12) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.99B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 12) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.91B CAD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 24.32B CAD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 23.57B CAD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 24.28B CAD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity 42.19B CAD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity 40.41B CAD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Amounts from related parties included in revenues. RevenueFromRelatedParties 1.72B CAD 1 Quarter
Amounts from related parties included in revenues. RevenueFromRelatedParties 1.74B CAD 1 Quarter
Amounts to related parties included in purchases of crude oil and products. CrudeOilAndProductPurchasesRelatedParties 739.00M CAD 1 Quarter
Revenues RevenuesIncludingFederalExciseTax 7.96B CAD 1 Quarter
Revenues RevenuesIncludingFederalExciseTax 6.66B CAD 1 Quarter
Amounts to related parties included in purchases of crude oil and products. CrudeOilAndProductPurchasesRelatedParties 728.00M CAD 1 Quarter
Investment and other income (note 4) InvestmentAndOtherIncomeNet 26.00M CAD 1 Quarter
Investment and other income (note 4) InvestmentAndOtherIncomeNet 17.00M CAD 1 Quarter
Amounts to related parties included in production and manufacturing, and selling and general expenses. ProductionAndManufacturingExpensesRelatedParties 161.00M CAD 1 Quarter
Amounts to related parties included in production and manufacturing, and selling and general expenses. ProductionAndManufacturingExpensesRelatedParties 183.00M CAD 1 Quarter
Amounts to related parties included in financing, (note 7). FinancingRelatedParties 24.00M CAD 1 Quarter
Total revenues and other income TotalRevenuesAndOtherIncome 7.98B CAD 1 Quarter
Amounts to related parties included in financing, (note 7). FinancingRelatedParties 28.00M CAD 1 Quarter
Total revenues and other income TotalRevenuesAndOtherIncome 6.69B CAD 1 Quarter
Exploration ExplorationExpense 33.00M CAD 1 Quarter
Exploration ExplorationExpense 1.00M CAD 1 Quarter
Purchases of crude oil and products (note 13) CrudeOilAndProductPurchases 4.89B CAD 1 Quarter
Purchases of crude oil and products (note 13) CrudeOilAndProductPurchases 4.23B CAD 1 Quarter
Production and manufacturing ProductionAndManufacturingExpenses 1.58B CAD 1 Quarter
Production and manufacturing ProductionAndManufacturingExpenses 1.59B CAD 1 Quarter
Selling and general SellingAndGeneral 166.00M CAD 1 Quarter
Selling and general SellingAndGeneral 213.00M CAD 1 Quarter
Federal excise tax and fuel charge FederalExciseTaxAndFuelCharge 451.00M CAD 1 Quarter
Federal excise tax and fuel charge FederalExciseTaxAndFuelCharge 394.00M CAD 1 Quarter
Depreciation and depletion (note 13) DepreciationDepletionAndAmortization 390.00M CAD 1 Quarter
Depreciation and depletion (note 13) DepreciationDepletionAndAmortization 473.00M CAD 1 Quarter
Non-service pension and postretirement benefit PensionAndPostRetirementBenefitCostsNonServiceComponents 30.00M CAD 1 Quarter
Non-service pension and postretirement benefit PensionAndPostRetirementBenefitCostsNonServiceComponents 36.00M CAD 1 Quarter
Financing (note 7) InterestExpense 19.00M CAD 1 Quarter
Financing (note 7) InterestExpense 28.00M CAD 1 Quarter
Total expenses CostsAndExpenses 7.58B CAD 1 Quarter
Total expenses CostsAndExpenses 6.95B CAD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest -255.00M CAD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 398.00M CAD 1 Quarter
Income taxes IncomeTaxExpenseBenefit -67.00M CAD 1 Quarter
Income taxes IncomeTaxExpenseBenefit 105.00M CAD 1 Quarter
Net income (loss) ProfitLoss 293.00M CAD 1 Quarter
Net income (loss) ProfitLoss -188.00M CAD 1 Quarter
Net income (loss) per common share - basic (note 11) EarningsPerShareBasic -0.25 CAD 1 Quarter
Net income (loss) per common share - basic (note 11) EarningsPerShareBasic 0.38 CAD 1 Quarter
Net income (loss) per common share - diluted (note 11) EarningsPerShareDiluted -0.25 CAD 1 Quarter
Net income (loss) per common share - diluted (note 11) EarningsPerShareDiluted 0.38 CAD 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss 293.00M CAD 1 Quarter
Net income (loss) ProfitLoss -188.00M CAD 1 Quarter
Included contributions to registered pension plans ContributionToRegisteredPensionPlanAssets -41.00M CAD 1 Quarter
Included contributions to registered pension plans ContributionToRegisteredPensionPlanAssets -59.00M CAD 1 Quarter
Income taxes (paid) refunded IncomeTaxesPaidNet 23.00M CAD 1 Quarter
Depreciation and depletion DepreciationDepletionAndAmortizationExcludingIntangibleAssetImpairmentCharges 390.00M CAD 1 Quarter
Depreciation and depletion DepreciationDepletionAndAmortizationExcludingIntangibleAssetImpairmentCharges 453.00M CAD 1 Quarter
Income taxes (paid) refunded IncomeTaxesPaidNet -153.00M CAD 1 Quarter
Interest (paid), net of capitalization InterestPaidNet 28.00M CAD 1 Quarter
Impairment of intangible assets (note 13) IntangibleAssetImpairmentCharges 0.00 CAD 1 Quarter
Interest (paid), net of capitalization InterestPaidNet 19.00M CAD 1 Quarter
Impairment of intangible assets (note 13) IntangibleAssetImpairmentCharges 20.00M CAD 1 Quarter
(Gain) loss on asset sales (note 4) GainLossOnDispositionOfAssets1 -5.00M CAD 1 Quarter
(Gain) loss on asset sales (note 4) GainLossOnDispositionOfAssets1 7.00M CAD 1 Quarter
Inventory write-down to current market value (note 13) InventoryWriteDown 281.00M CAD 1 Quarter
Inventory write-down to current market value (note 13) InventoryWriteDown 0.00 CAD 1 Quarter
Deferred income taxes and other DeferredIncomeTaxesAndOther 43.00M CAD 1 Quarter
Deferred income taxes and other DeferredIncomeTaxesAndOther -4.00M CAD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable 704.00M CAD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable -1.14B CAD 1 Quarter
Inventories, materials, supplies and prepaid expenses IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses -19.00M CAD 1 Quarter
Inventories, materials, supplies and prepaid expenses IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses 199.00M CAD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable -28.00M CAD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable -104.00M CAD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities -1.03B CAD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 903.00M CAD 1 Quarter
All other items - net IncreaseDecreaseInOtherOperatingCapitalNet -9.00M CAD 1 Quarter
All other items - net IncreaseDecreaseInOtherOperatingCapitalNet -129.00M CAD 1 Quarter
Cash flows from (used in) operating activities NetCashProvidedByUsedInOperatingActivities 423.00M CAD 1 Quarter
Cash flows from (used in) operating activities NetCashProvidedByUsedInOperatingActivities 1.00B CAD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquireProductiveAssets 431.00M CAD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquireProductiveAssets 310.00M CAD 1 Quarter
Proceeds from asset sales (note 4) ProceedsFromSaleOfPropertyPlantAndEquipment 22.00M CAD 1 Quarter
Proceeds from asset sales (note 4) ProceedsFromSaleOfPropertyPlantAndEquipment 9.00M CAD 1 Quarter
Loans to equity companies - net PaymentsToAcquireLoansReceivable 54.00M CAD 1 Quarter
Loans to equity companies - net PaymentsToAcquireLoansReceivable 7.00M CAD 1 Quarter
Cash flows from (used in) investing activities NetCashProvidedByUsedInInvestingActivities -463.00M CAD 1 Quarter
Cash flows from (used in) investing activities NetCashProvidedByUsedInInvestingActivities -308.00M CAD 1 Quarter
Reduction in finance lease obligations (note 8) RepaymentsOfLongTermCapitalLeaseObligations 7.00M CAD 1 Quarter
Reduction in finance lease obligations (note 8) RepaymentsOfLongTermCapitalLeaseObligations 7.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 149.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 164.00M CAD 1 Quarter
Common shares purchased (note 11) PaymentsForRepurchaseOfCommonStock 274.00M CAD 1 Quarter
Common shares purchased (note 11) PaymentsForRepurchaseOfCommonStock 361.00M CAD 1 Quarter
Cash flows from (used in) financing activities NetCashProvidedByUsedInFinancingActivities -517.00M CAD 1 Quarter
Cash flows from (used in) financing activities NetCashProvidedByUsedInFinancingActivities -445.00M CAD 1 Quarter
Increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect -330.00M CAD 1 Quarter
Increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect 23.00M CAD 1 Quarter
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 1.01B CAD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 988.00M CAD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 1.39B CAD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 1.72B CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 1.01B CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 988.00M CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 1.39B CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 1.72B CAD Point-in-time
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
At beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 24.32B CAD Point-in-time
At beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 23.57B CAD Point-in-time
At beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 24.28B CAD Point-in-time
Net income (loss) for the period NetIncomeLoss 293.00M CAD 1 Quarter
Net income (loss) for the period NetIncomeLoss -188.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -80.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 45.00M CAD 1 Quarter
At end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 24.32B CAD Point-in-time
At end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 23.57B CAD Point-in-time
At end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 24.28B CAD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss 293.00M CAD 1 Quarter
Net income (loss) NetIncomeLoss -188.00M CAD 1 Quarter
Postretirement benefits liability adjustment (excluding amortization) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax -114.00M CAD 1 Quarter
Postretirement benefits liability adjustment (excluding amortization) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax 18.00M CAD 1 Quarter
Amortization of postretirement benefits liability adjustment included in net periodic benefit costs OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax 34.00M CAD 1 Quarter
Amortization of postretirement benefits liability adjustment included in net periodic benefit costs OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax 27.00M CAD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -80.00M CAD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 45.00M CAD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax 338.00M CAD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax -268.00M CAD 1 Quarter

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

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