Cash flow The following table provides a summary of the Consolidated Cash Flow Statement contained in section 5.1.4 to show the key sources and uses of cash during the periods presented: 2019 USSM 2018 USSM 2017 USSM Year ended 30 June Cash generated from operations Dividends received 23,428 516 22,949 709 18,612 636 Net interest paid (903) Proceeds/(settlements) of cash management related instruments Net taxation paid (887) (292) (4,918) (984) (140) (2,248) 296 (5,940) Net operating cash flows from Continuing operations 17,397 17,561 15,876 Net operating cash flows from Discontinued operations 474 900 928 Net operating cash lows Purchases of property, plant and equipment Exploration expenditure 17,871 18,461 16,804 (6,250) (4,979) (874) (3,697) (966) (873) Subtotal: Capital and exploration expenditure Exploration expenditure expensed and included in operating cash flows Net investment and funding of equity accounted investments Other imvesting activities (7,123) (5,853) (4,663) 516 641 610 (630) (140) 204 (234) 563 (52) Net investing cash flows from Continuing operations (7,377) (5,060) (3,724) Net investing cash flows from Discontinued operations Proceeds from divestment of Onshore US, net of its cash (443) 10,427 (861) (437) Net investing cash flows 2,607 (5,921) (4,161) Net repayment of interest bearing liabilities Share buy-back - BHP Group Limited Dividends paid (2,514) (5,220) (11,395) (1,198) (188) (3,878) (5,501) Dividends paid to non-controlling interests Other financing activities (5,220) (1,582) (171) (2,921) (575) (108) Net financing cash flows from Continuing operations (20,515) (10,851) (9,105) Net financing cash flows from Discontinued operations (13) (40) (28) Net financing cash flows (20,528) (10,891) (9,133) Net (decrease)/increase in cash and cash equivalents Net (decrease)/increase in cash and cash equivalents from Continuing operations (10,477) 1649 3,510 (10,495) 1,650 3,047 Net increase/(decrease) in cash and cash equivalents from Discontinued operations 18 (1) 463 Net operating cash inflows of US$17.9 billion decreased by US$0.6 billion. This decrease reflects increased costs (including putages and weather impact) and higher Australian and Chilean ncome tax payments in FY2019 offset by strong commodity prices and record production from several of our operations. Net financing cash outflows of US$20.5 billion increased by US$9.6 billion. This reflects the off-market buy-back of BHP Group Limited shares of uS$5.2 billion in December 2018, the special dividend of US$5.2 billion paid in January 2019 from the Onshore US asset sale (net proceeds) and higher dividends to BHP shareholders of US$1.0 billion partially offset by lower repayments of interest bearing liabilities of US$1.6 billion and lower dividends to non-controlling interests of US$0.4 billion. Net investing cash inflows of US$2.6 billion increased by JS$8.5 billion. The increase reflects the proceeds from the divestment of Onshore US, net of its cash partially offset by continued investment in high-return latent capacity projects, and increased investment in South Flank, Mad Dog Phase 2 and the Spence Growth Option. Higher net investment and Funding of equity accounted investments relate to the FY2018 cash receipt from Newcastle Coal Infrastructure Group not For more information, refer to section 1.12.3 and note 19 'Net debt' in section 5. O Strategic Report Governance at BHP Remuneration Report Directors Renort Financial Statements

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

g) Did the firm use the working capital (current asset and current liability) accounts
other than cash and cash equivalents as sources of cash, or uses of cash? (Answer
this question using only the Cash flow statement for BHP Limited).

Cash flow
The following table provides a summary of the Consolidated Cash Flow Statement contained in section 5.1.4 to show the key sources
and uses of cash during the periods presented:
2019
USSM
2018
USSM
2017
USSM
Year ended 30 June
Cash generated from operations
Dividends received
23,428
516
22,949
709
18,612
636
Net interest paid
(903)
Proceeds/(settlements) of cash management related instruments
Net taxation paid
(887)
(292)
(4,918)
(984)
(140)
(2,248)
296
(5,940)
Net operating cash flows from Continuing operations
17,397
17,561
15,876
Net operating cash flows from Discontinued operations
474
900
928
Net operating cash lows
Purchases of property, plant and equipment
Exploration expenditure
17,871
18,461
16,804
(6,250)
(4,979)
(874)
(3,697)
(966)
(873)
Subtotal: Capital and exploration expenditure
Exploration expenditure expensed and included in operating cash flows
Net investment and funding of equity accounted investments
Other imvesting activities
(7,123)
(5,853)
(4,663)
516
641
610
(630)
(140)
204
(234)
563
(52)
Net investing cash flows from Continuing operations
(7,377)
(5,060)
(3,724)
Net investing cash flows from Discontinued operations
Proceeds from divestment of Onshore US, net of its cash
(443)
10,427
(861)
(437)
Net investing cash flows
2,607
(5,921)
(4,161)
Net repayment of interest bearing liabilities
Share buy-back - BHP Group Limited
Dividends paid
(2,514)
(5,220)
(11,395)
(1,198)
(188)
(3,878)
(5,501)
Dividends paid to non-controlling interests
Other financing activities
(5,220)
(1,582)
(171)
(2,921)
(575)
(108)
Net financing cash flows from Continuing operations
(20,515)
(10,851)
(9,105)
Net financing cash flows from Discontinued operations
(13)
(40)
(28)
Net financing cash flows
(20,528)
(10,891)
(9,133)
Net (decrease)/increase in cash and cash equivalents
Net (decrease)/increase in cash and cash equivalents from Continuing operations
(10,477)
1649
3,510
(10,495)
1,650
3,047
Net increase/(decrease) in cash and cash equivalents from Discontinued operations
18
(1)
463
Net operating cash inflows of US$17.9 billion decreased by
US$0.6 billion. This decrease reflects increased costs (including
putages and weather impact) and higher Australian and Chilean
ncome tax payments in FY2019 offset by strong commodity
prices and record production from several of our operations.
Net financing cash outflows of US$20.5 billion increased by
US$9.6 billion. This reflects the off-market buy-back of BHP Group
Limited shares of uS$5.2 billion in December 2018, the special
dividend of US$5.2 billion paid in January 2019 from the Onshore
US asset sale (net proceeds) and higher dividends to BHP
shareholders of US$1.0 billion partially offset by lower repayments
of interest bearing liabilities of US$1.6 billion and lower dividends
to non-controlling interests of US$0.4 billion.
Net investing cash inflows of US$2.6 billion increased by
JS$8.5 billion. The increase reflects the proceeds from the
divestment of Onshore US, net of its cash partially offset by
continued investment in high-return latent capacity projects,
and increased investment in South Flank, Mad Dog Phase 2
and the Spence Growth Option. Higher net investment and
Funding of equity accounted investments relate to the FY2018
cash receipt from Newcastle Coal Infrastructure Group not
For more information, refer to section 1.12.3
and note 19 'Net debt' in section 5.
O Strategic Report
Governance at BHP
Remuneration Report
Directors Renort
Financial Statements
Transcribed Image Text:Cash flow The following table provides a summary of the Consolidated Cash Flow Statement contained in section 5.1.4 to show the key sources and uses of cash during the periods presented: 2019 USSM 2018 USSM 2017 USSM Year ended 30 June Cash generated from operations Dividends received 23,428 516 22,949 709 18,612 636 Net interest paid (903) Proceeds/(settlements) of cash management related instruments Net taxation paid (887) (292) (4,918) (984) (140) (2,248) 296 (5,940) Net operating cash flows from Continuing operations 17,397 17,561 15,876 Net operating cash flows from Discontinued operations 474 900 928 Net operating cash lows Purchases of property, plant and equipment Exploration expenditure 17,871 18,461 16,804 (6,250) (4,979) (874) (3,697) (966) (873) Subtotal: Capital and exploration expenditure Exploration expenditure expensed and included in operating cash flows Net investment and funding of equity accounted investments Other imvesting activities (7,123) (5,853) (4,663) 516 641 610 (630) (140) 204 (234) 563 (52) Net investing cash flows from Continuing operations (7,377) (5,060) (3,724) Net investing cash flows from Discontinued operations Proceeds from divestment of Onshore US, net of its cash (443) 10,427 (861) (437) Net investing cash flows 2,607 (5,921) (4,161) Net repayment of interest bearing liabilities Share buy-back - BHP Group Limited Dividends paid (2,514) (5,220) (11,395) (1,198) (188) (3,878) (5,501) Dividends paid to non-controlling interests Other financing activities (5,220) (1,582) (171) (2,921) (575) (108) Net financing cash flows from Continuing operations (20,515) (10,851) (9,105) Net financing cash flows from Discontinued operations (13) (40) (28) Net financing cash flows (20,528) (10,891) (9,133) Net (decrease)/increase in cash and cash equivalents Net (decrease)/increase in cash and cash equivalents from Continuing operations (10,477) 1649 3,510 (10,495) 1,650 3,047 Net increase/(decrease) in cash and cash equivalents from Discontinued operations 18 (1) 463 Net operating cash inflows of US$17.9 billion decreased by US$0.6 billion. This decrease reflects increased costs (including putages and weather impact) and higher Australian and Chilean ncome tax payments in FY2019 offset by strong commodity prices and record production from several of our operations. Net financing cash outflows of US$20.5 billion increased by US$9.6 billion. This reflects the off-market buy-back of BHP Group Limited shares of uS$5.2 billion in December 2018, the special dividend of US$5.2 billion paid in January 2019 from the Onshore US asset sale (net proceeds) and higher dividends to BHP shareholders of US$1.0 billion partially offset by lower repayments of interest bearing liabilities of US$1.6 billion and lower dividends to non-controlling interests of US$0.4 billion. Net investing cash inflows of US$2.6 billion increased by JS$8.5 billion. The increase reflects the proceeds from the divestment of Onshore US, net of its cash partially offset by continued investment in high-return latent capacity projects, and increased investment in South Flank, Mad Dog Phase 2 and the Spence Growth Option. Higher net investment and Funding of equity accounted investments relate to the FY2018 cash receipt from Newcastle Coal Infrastructure Group not For more information, refer to section 1.12.3 and note 19 'Net debt' in section 5. O Strategic Report Governance at BHP Remuneration Report Directors Renort Financial Statements
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