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10-Q Filing

IMPERIAL OIL LTD CIK: 49938 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001193125-21-151572
Period End Date 20210331
Filing Date 20210505
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance d286894d10q_htm.xml
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Cash CashAndCashEquivalentsAtCarryingValue 1.39B CAD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue 771.00M CAD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue 1.47B CAD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue 1.72B CAD Point-in-time
Accounts receivable - net ReceivablesNetCurrent 1.92B CAD Point-in-time
Accounts receivable - net ReceivablesNetCurrent 2.39B CAD Point-in-time
Inventories of crude oil and products InventoryFinishedGoodsAndWorkInProcess 1.26B CAD Point-in-time
Inventories of crude oil and products InventoryFinishedGoodsAndWorkInProcess 1.16B CAD Point-in-time
Amounts receivable (payable) from (to) related parties RelatedPartyTransactionDueFromToRelatedPartyCurrent 361.00M CAD Point-in-time
Amounts receivable (payable) from (to) related parties RelatedPartyTransactionDueFromToRelatedPartyCurrent 384.00M CAD Point-in-time
Materials, supplies and prepaid expenses MaterialsSuppliesAndPrepaidExpenses 737.00M CAD Point-in-time
Materials, supplies and prepaid expenses MaterialsSuppliesAndPrepaidExpenses 673.00M CAD Point-in-time
Total current assets AssetsCurrent 5.85B CAD Point-in-time
Total current assets AssetsCurrent 4.52B CAD Point-in-time
Investments and long-term receivables LongTermInvestmentsAndReceivablesNet 781.00M CAD Point-in-time
Investments and long-term receivables LongTermInvestmentsAndReceivablesNet 765.00M CAD Point-in-time
Property, plant and equipment, PropertyPlantAndEquipmentGross 55.77B CAD Point-in-time
Property, plant and equipment, PropertyPlantAndEquipmentGross 55.91B CAD Point-in-time
Common shares authorized CommonStockSharesAuthorized 1.10B shares Point-in-time
less accumulated depreciation and depletion AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 24.21B CAD Point-in-time
less accumulated depreciation and depletion AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 23.74B CAD Point-in-time
Common shares authorized CommonStockSharesAuthorized 1.10B shares Point-in-time
Common shares outstanding CommonStockSharesOutstanding 734.00M shares Point-in-time
Common shares outstanding CommonStockSharesOutstanding 734.00M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet 32.03B CAD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet 31.70B CAD Point-in-time
Goodwill (note 11) Goodwill 166.00M CAD Point-in-time
Goodwill (note 11) Goodwill 166.00M CAD Point-in-time
Other assets, including intangibles - net OtherAssetsNoncurrent 526.00M CAD Point-in-time
Other assets, including intangibles - net OtherAssetsNoncurrent 528.00M CAD Point-in-time
Total assets Assets 38.03B CAD Point-in-time
Total assets Assets 40.41B CAD Point-in-time
Total assets Assets 39.01B CAD Point-in-time
Notes and loans payable DebtCurrent 191.00M CAD Point-in-time
Notes and loans payable DebtCurrent 227.00M CAD Point-in-time
Accounts payable and accrued liabilities (note 7) AccountsPayableAndAccruedLiabilitiesCurrent 3.72B CAD Point-in-time
Accounts payable and accrued liabilities (note 7) AccountsPayableAndAccruedLiabilitiesCurrent 3.15B CAD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent 21.00M CAD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent 0.00 CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.38B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.93B CAD Point-in-time
Long-term debt (note 6) LongTermDebtAndCapitalLeaseObligations 4.95B CAD Point-in-time
Long-term debt (note 6) LongTermDebtAndCapitalLeaseObligations 4.96B CAD Point-in-time
Other long-term obligations (note 7) OtherLiabilitiesNoncurrent 4.10B CAD Point-in-time
Other long-term obligations (note 7) OtherLiabilitiesNoncurrent 4.09B CAD Point-in-time
Deferred income tax liabilities DeferredTaxAndOtherLiabilitiesNoncurrent 4.18B CAD Point-in-time
Deferred income tax liabilities DeferredTaxAndOtherLiabilitiesNoncurrent 4.29B CAD Point-in-time
Total liabilities Liabilities 17.27B CAD Point-in-time
Total liabilities Liabilities 16.61B CAD Point-in-time
Common shares at stated value (note 9) CommonStockValue 1.36B CAD Point-in-time
Common shares at stated value (note 9) CommonStockValue 1.36B CAD Point-in-time
Earnings reinvested RetainedEarningsAccumulatedDeficit 22.05B CAD Point-in-time
Earnings reinvested RetainedEarningsAccumulatedDeficit 22.28B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 10) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.91B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 10) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.99B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 10) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.99B CAD Point-in-time
Accumulated other comprehensive income (loss) (note 10) AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.90B CAD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 21.42B CAD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 21.74B CAD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 23.57B CAD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity 38.03B CAD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity 39.01B CAD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Amounts from related parties included in revenues. RevenueFromRelatedParties 1.74B CAD 1 Quarter
Amounts from related parties included in revenues. RevenueFromRelatedParties 1.51B CAD 1 Quarter
Revenues RevenuesIncludingFederalExciseTax 6.66B CAD 1 Quarter
Amounts to related parties included in purchases of crude oil and products. CrudeOilAndProductPurchasesRelatedParties 515.00M CAD 1 Quarter
Amounts to related parties included in purchases of crude oil and products. CrudeOilAndProductPurchasesRelatedParties 739.00M CAD 1 Quarter
Revenues RevenuesIncludingFederalExciseTax 6.99B 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 production and manufacturing, and selling and general expenses. ProductionAndManufacturingExpensesRelatedParties 116.00M CAD 1 Quarter
Investment and other income (note 3) InvestmentAndOtherIncomeNet 26.00M CAD 1 Quarter
Investment and other income (note 3) InvestmentAndOtherIncomeNet 6.00M CAD 1 Quarter
Amounts to related parties included in financing, (note 5). FinancingRelatedParties 24.00M CAD 1 Quarter
Total revenues and other income TotalRevenuesAndOtherIncome 6.69B CAD 1 Quarter
Amounts to related parties included in financing, (note 5). FinancingRelatedParties 11.00M CAD 1 Quarter
Total revenues and other income TotalRevenuesAndOtherIncome 7.00B CAD 1 Quarter
Exploration ExplorationExpense 2.00M CAD 1 Quarter
Exploration ExplorationExpense 1.00M CAD 1 Quarter
Purchases of crude oil and products (note 11) CrudeOilAndProductPurchases 3.89B CAD 1 Quarter
Purchases of crude oil and products (note 11) CrudeOilAndProductPurchases 4.23B CAD 1 Quarter
Production and manufacturing ProductionAndManufacturingExpenses 1.58B CAD 1 Quarter
Production and manufacturing ProductionAndManufacturingExpenses 1.49B CAD 1 Quarter
Selling and general SellingAndGeneral 166.00M CAD 1 Quarter
Selling and general SellingAndGeneral 189.00M CAD 1 Quarter
Federal excise tax and fuel charge FederalExciseTaxAndFuelCharge 404.00M CAD 1 Quarter
Federal excise tax and fuel charge FederalExciseTaxAndFuelCharge 451.00M CAD 1 Quarter
Depreciation and depletion (note 11) DepreciationDepletionAndAmortization 494.00M CAD 1 Quarter
Depreciation and depletion (note 11) 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 11.00M CAD 1 Quarter
Financing (note 5) InterestExpense 19.00M CAD 1 Quarter
Financing (note 5) InterestExpense 14.00M CAD 1 Quarter
Total expenses CostsAndExpenses 6.95B CAD 1 Quarter
Total expenses CostsAndExpenses 6.49B CAD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest -255.00M CAD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 512.00M CAD 1 Quarter
Income taxes IncomeTaxExpenseBenefit 120.00M CAD 1 Quarter
Income taxes IncomeTaxExpenseBenefit -67.00M CAD 1 Quarter
Net income (loss) ProfitLoss -188.00M CAD 1 Quarter
Net income (loss) ProfitLoss 392.00M CAD 1 Quarter
Net income (loss) per common share - basic (note 9) EarningsPerShareBasic -0.25 CAD 1 Quarter
Net income (loss) per common share - basic (note 9) EarningsPerShareBasic 0.53 CAD 1 Quarter
Net income (loss) per common share - diluted (note 9) EarningsPerShareDiluted 0.53 CAD 1 Quarter
Net income (loss) per common share - diluted (note 9) EarningsPerShareDiluted -0.25 CAD 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss -188.00M CAD 1 Quarter
Net income (loss) ProfitLoss 392.00M CAD 1 Quarter
Included contributions to registered pension plans ContributionToRegisteredPensionPlanAssets -28.00M CAD 1 Quarter
Included contributions to registered pension plans ContributionToRegisteredPensionPlanAssets -59.00M CAD 1 Quarter
Depreciation and depletion DepreciationDepletionAndAmortizationExcludingIntangibleAssetImpairmentCharges 453.00M CAD 1 Quarter
Depreciation and depletion DepreciationDepletionAndAmortizationExcludingIntangibleAssetImpairmentCharges 494.00M CAD 1 Quarter
Income taxes (paid) refunded IncomeTaxesPaidNet 1.00M CAD 1 Quarter
Income taxes (paid) refunded IncomeTaxesPaidNet -153.00M CAD 1 Quarter
Interest (paid), net of capitalization InterestPaidNet 13.00M CAD 1 Quarter
Interest (paid), net of capitalization InterestPaidNet 19.00M CAD 1 Quarter
Impairment of intangible assets (note 11) IntangibleAssetImpairmentCharges 20.00M CAD 1 Quarter
Impairment of intangible assets (note 11) IntangibleAssetImpairmentCharges 0.00 CAD 1 Quarter
(Gain) loss on asset sales (note 3) GainLossOnDispositionOfAssets1 7.00M CAD 1 Quarter
(Gain) loss on asset sales (note 3) GainLossOnDispositionOfAssets1 3.00M CAD 1 Quarter
Inventory write-down to current market value (note 11) InventoryWriteDown 281.00M CAD 1 Quarter
Inventory write-down to current market value (note 11) InventoryWriteDown 0.00 CAD 1 Quarter
Deferred income taxes and other DeferredIncomeTaxesAndOther 60.00M CAD 1 Quarter
Deferred income taxes and other DeferredIncomeTaxesAndOther 43.00M CAD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable 469.00M CAD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable -1.14B CAD 1 Quarter
Inventories, materials, supplies and prepaid expenses IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses 199.00M CAD 1 Quarter
Inventories, materials, supplies and prepaid expenses IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses 159.00M CAD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable -104.00M CAD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable 21.00M CAD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities -1.03B CAD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 584.00M CAD 1 Quarter
All other items - net IncreaseDecreaseInOtherOperatingCapitalNet -9.00M CAD 1 Quarter
All other items - net IncreaseDecreaseInOtherOperatingCapitalNet -125.00M CAD 1 Quarter
Cash flows from (used in) operating activities NetCashProvidedByUsedInOperatingActivities 423.00M CAD 1 Quarter
Cash flows from (used in) operating activities NetCashProvidedByUsedInOperatingActivities 1.04B CAD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquireProductiveAssets 167.00M CAD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquireProductiveAssets 310.00M CAD 1 Quarter
Proceeds from asset sales (note 3) ProceedsFromSaleOfPropertyPlantAndEquipment 7.00M CAD 1 Quarter
Proceeds from asset sales (note 3) ProceedsFromSaleOfPropertyPlantAndEquipment 9.00M CAD 1 Quarter
Loans to equity companies - net NetMovementRelatedToLoansToEquityCompanies -13.00M CAD 1 Quarter
Loans to equity companies - net NetMovementRelatedToLoansToEquityCompanies 7.00M CAD 1 Quarter
Cash flows from (used in) investing activities NetCashProvidedByUsedInInvestingActivities -147.00M CAD 1 Quarter
Cash flows from (used in) investing activities NetCashProvidedByUsedInInvestingActivities -308.00M CAD 1 Quarter
Short-term debt - net ProceedsFromRepaymentsOfShortTermDebt -36.00M CAD 1 Quarter
Short-term debt - net ProceedsFromRepaymentsOfShortTermDebt 0.00 CAD 1 Quarter
Reduction in finance lease obligations (note 6) RepaymentsOfLongTermCapitalLeaseObligations 7.00M CAD 1 Quarter
Reduction in finance lease obligations (note 6) RepaymentsOfLongTermCapitalLeaseObligations 4.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 164.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 162.00M CAD 1 Quarter
Common shares purchased (note 9) PaymentsForRepurchaseOfCommonStock 0.00 CAD 1 Quarter
Common shares purchased (note 9) PaymentsForRepurchaseOfCommonStock 274.00M CAD 1 Quarter
Cash flows from (used in) financing activities NetCashProvidedByUsedInFinancingActivities -202.00M 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 696.00M CAD 1 Quarter
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 1.39B CAD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 771.00M CAD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 1.47B CAD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue 1.72B CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 1.39B CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 771.00M CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 1.47B CAD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue 1.72B CAD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
At beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 21.42B CAD Point-in-time
At beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 21.74B CAD Point-in-time
At beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 23.57B CAD Point-in-time
Net income (loss) for the period NetIncomeLoss 392.00M 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 87.00M CAD 1 Quarter
Cumulative effect of accounting change RetainedEarningsAccumulatedDeficit 22.05B CAD Point-in-time
Cumulative effect of accounting change RetainedEarningsAccumulatedDeficit 22.28B CAD Point-in-time
At end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 21.42B CAD Point-in-time
At end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 21.74B CAD Point-in-time
At end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 23.57B CAD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss 392.00M CAD 1 Quarter
Net income (loss) NetIncomeLoss -188.00M CAD 1 Quarter
Postretirement benefits liability adjustment (excluding amortization) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax 54.00M CAD 1 Quarter
Postretirement benefits liability adjustment (excluding amortization) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax -114.00M 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 33.00M CAD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -80.00M CAD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 87.00M CAD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax -268.00M CAD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax 479.00M CAD 1 Quarter

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

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