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Consolidated Statements Of Cash Flows
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Cash flows from operating activities:        
Net earnings $ 825 $ 920 $ 2,289 $ 2,621
Adjustments to reconcile net earnings to net cash from operating activities:        
Depreciation, depletion and amortization 794 651 2,284 1,904
Leasehold impairments 1 1 2 4
Accretion (amortization) of liabilities 2 (2) 2 (17)
Total (gains) losses on commodity derivatives (227) 194 (105) 206
Cash settlements on commodity derivatives 61 (11) 139 39
(Gains) losses on asset dispositions 0 0 16 (41)
Deferred income tax expense 164 13 243 212
Share-based compensation 24 22 75 70
Other 3 (2) 6 (2)
Changes in assets and liabilities, net 16 (61) (15) (189)
Net cash from operating activities 1,663 1,725 4,936 4,807
Cash flows from investing activities:        
Capital expenditures (877) (882) (2,719) (2,973)
Acquisitions of property and equipment (3,602) (23) (3,692) (54)
Divestitures of property and equipment 0 1 18 23
GME acquired cash 147 0 147 0
Distributions from investments 13 7 35 24
Contributions to investments and other (30) 0 (78) (52)
Net cash from investing activities (4,349) (897) (6,289) (3,032)
Cash flows from financing activities:        
Borrowings of long-term debt, net of issuance costs 3,219 0 3,219 0
Repayments of long-term debt (472) (242) (472) (242)
Repurchases of common stock (295) 0 (756) (745)
Dividends paid on common stock (272) (312) (794) (1,370)
Contributions from noncontrolling interests 20 10 44 18
Distributions to noncontrolling interests (10) (9) (36) (33)
Shares exchanged for tax withholdings and other 2 0 (49) (96)
Net cash from financing activities 2,192 (553) 1,156 (2,468)
Effect of exchange rate changes on cash 1 (2) (2) 0
Net change in cash, cash equivalents and restricted cash (493) 273 (199) (693)
Cash, cash equivalents and restricted cash at beginning of period 1,169 488 875 1,454
Cash, cash equivalents and restricted cash at end of period 676 761 676 761
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 645 654 645 654
Restricted cash 31 107 31 107
Total cash, cash equivalents and restricted cash $ 676 $ 761 $ 676 $ 761