SEC 10K Project: Statement of Cash Flows

Locate the Statements of Cash Flows in your company’s 10-K, and answer the questions below for the most recent two years:

http://www.sec.gov/Archives/edgar/data/1534701/000153470116000119/psx-20151231_10k.htm

Category: Cash Flows from/for Operating Activities

Net income versus total for operating activities: report these values.
Two to three most significant (i.e., largest) reconciling items between net income and total for operating activities for the two most recent years?
Is the business providing cash flow from operations?
Category: Cash Flows from/for Investing and Financing Activities

Identify two to three most significant (i.e., largest) reconciling items reported in the investing activities section of the statement of cash flows for the two most recent years.
Identify the two to three most significant (i.e., largest) financing activities used by your corporation to increase cash (or other assets) reported in the financing activities section of the statement of cash flows for the two most recent years.
Category: Analysis

Identify the increase/decrease in cash and cash equivalents for the two most recent years.
Compute Free Cash Flows (show your computations) for the two most recent years.
Please include the name of your company in the subject line and the link to your company’s 10-K in your posting.