filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
| millions, except per-share amounts | 2020 | 2019 (a) | 2018 | 2017 | 2016 | ||||||||||||||||||||||||
| RESULTS OF OPERATIONS (b) | |||||||||||||||||||||||||||||
| Net sales | $ | 17,809 | $ | 20,911 | $ | 17,824 | $ | 12,508 | $ | 10,090 | |||||||||||||||||||
| Income (loss) from continuing operations | $ | (13,533) | $ | (507) | $ | 4,131 | $ | 1,311 | $ | (1,002) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | (15,675) | $ | (985) | $ | 4,131 | $ | 1,311 | $ | (574) | |||||||||||||||||||
| Net income (loss) from continuing operations attributable to common stockholders - basic per common share | $ | (15.65) | $ | (1.20) | $ | 5.40 | $ | 1.71 | $ | (1.31) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders - basic per common share | $ | (17.06) | $ | (1.22) | $ | 5.40 | $ | 1.71 | $ | (0.75) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders - diluted per common share | $ | (17.06) | $ | (1.22) | $ | 5.39 | $ | 1.70 | $ | (0.75) | |||||||||||||||||||
| FINANCIAL POSITION (b) | |||||||||||||||||||||||||||||
| Total assets | $ | 80,064 | $ | 107,190 | $ | 42,159 | $ | 42,026 | $ | 43,109 | |||||||||||||||||||
| Long-term debt, net | $ | 35,745 | $ | 38,537 | $ | 10,201 | $ | 9,328 | $ | 9,819 | |||||||||||||||||||
| Stockholders’ equity | $ | 18,573 | $ | 34,232 | $ | 21,330 | $ | 20,572 | $ | 21,497 | |||||||||||||||||||
| MARKET CAPITALIZATION (c) | $ | 16,124 | $ | 36,846 | $ | 45,998 | $ | 56,357 | $ | 54,437 | |||||||||||||||||||
| CASH FLOW FROM CONTINUING OPERATIONS | |||||||||||||||||||||||||||||
| Operating: | |||||||||||||||||||||||||||||
| Cash flow from continuing operations | $ | 3,842 | $ | 7,336 | $ | 7,669 | $ | 4,861 | $ | 2,520 | |||||||||||||||||||
| Investing: | |||||||||||||||||||||||||||||
| Capital expenditures | $ | (2,535) | $ | (6,367) | $ | (4,975) | $ | (3,599) | $ | (2,717) | |||||||||||||||||||
| Payments for purchases of assets and businesses | $ | (114) | $ | (28,088) | $ | (928) | $ | (1,064) | $ | (2,044) | |||||||||||||||||||
| Sales of assets, net | $ | 2,281 | $ | 6,143 | $ | 2,824 | $ | 1,403 | $ | 302 | |||||||||||||||||||
| Cash provided (used) by all other investing activities, net | $ | (410) | $ | (540) | $ | (127) | $ | 181 | $ | (284) | |||||||||||||||||||
| Financing: | |||||||||||||||||||||||||||||
| Cash dividends paid | $ | (1,845) | $ | (2,624) | $ | (2,374) | $ | (2,346) | $ | (2,309) | |||||||||||||||||||
| Purchases of treasury stock | $ | (12) | $ | (237) | $ | (1,248) | $ | (25) | $ | (22) | |||||||||||||||||||
| Proceeds from long-term debt, net - Occidental | $ | 6,936 | $ | 21,557 | $ | 978 | $ | — | $ | 4,203 | |||||||||||||||||||
| Payment of long-term debt, net - Occidental | $ | (8,916) | $ | (6,959) | $ | (500) | $ | — | $ | (2,710) | |||||||||||||||||||
| Proceeds from issuance of common and preferred stock | $ | 134 | $ | 10,028 | $ | 33 | $ | 28 | $ | 36 | |||||||||||||||||||
| Cash provided (used) by all other financing activities, net | $ | (805) | $ | 431 | $ | 9 | $ | — | $ | — | |||||||||||||||||||
| DIVIDENDS PER COMMON SHARE | $ | 0.82 | $ | 3.14 | $ | 3.10 | $ | 3.06 | $ | 3.02 | |||||||||||||||||||
| WEIGHTED-AVERAGE BASIC SHARES OUTSTANDING | 919 | 810 | 762 | 765 | 764 |
(a)Summary financial information included the impact of the Acquisition, see Note 3 - The Acquisition in the Notes to Consolidated Financial Statements in Part II Item 8 of this Form 10-K. Summary results of operations from the date of the Acquisition to December 31, 2019 included the results of WES, a previously consolidated subsidiary. See Note 1 - Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements in Part II Item 8 of this Form 10-K.
(b)See the MD&A section of this report and the Notes to Consolidated Financial Statements for information regarding acquisitions and dispositions, discontinued operations and other charges affecting comparability.
(c)Market capitalization is calculated by multiplying the year-end total shares of common stock issued, less shares held as treasury stock, by the year-end closing stock price.
| 18 | OXY 2020 FORM 10-K |
 | MANAGEMENT’S DISCUSSION AND ANALYSIS |
Previous: Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES · Next: Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A)