XML 41 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income (loss) $ (240) $ (115) $ (3,941)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
(Gains) losses on asset sales, net (22) (32) 86
Depreciation, depletion and amortization 2,122 1,883 2,883
Impairment 0 0 4,203
Exploratory dry hole costs 49 165 268
Exploration lease and other impairment 17 37 44
Pension settlement loss 93 4 19
Stock compensation expense 85 72 86
Noncash (gains) losses on commodity derivatives, net 116 182 97
Provision (benefit) for deferred income taxes and other tax accruals 17 (120) (2,001)
Loss on debt extinguishment 0 53 0
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (383) (138) (340)
(Increase) decrease in inventories (16) (12) (64)
Increase (decrease) in accounts payable and accrued liabilities 4 88 (44)
Increase (decrease) in taxes payable 16 (2) (34)
Changes in other operating assets and liabilities (216) (126) (317)
Net cash provided by (used in) operating activities 1,642 1,939 945
Cash Flows From Investing Activities      
Additions to property, plant and equipment - E&P (2,433) (1,854) (1,788)
Additions to property, plant and equipment - Midstream (396) (243) (149)
Payments for Midstream equity investments (33) (67) 0
Proceeds from asset sales, net of cash sold 22 607 3,296
Other, net (3) (9) (1)
Net cash provided by (used in) investing activities (2,843) (1,566) 1,358
Cash Flows From Financing Activities      
Net borrowings (repayments) of debt with maturities of 90 days or less 32 0 (153)
Debt with maturities of greater than 90 days – Borrowings 760 0 800
Debt with maturities of greater than 90 days – Repayments (8) (633) (459)
Payments on finance lease obligations (49) 0 0
Proceeds from issuance of Hess Midstream Partnership LP units 0 0 366
Common stock acquired and retired (25) (1,365) (110)
Cash dividends paid (316) (345) (363)
Noncontrolling interests, net (353) (211) (243)
Other, net 11 28 (26)
Net cash provided by (used in) financing activities 52 (2,526) (188)
Net Increase (Decrease) in Cash and Cash Equivalents (1,149) (2,153) 2,115
Cash and Cash Equivalents at Beginning of Year 2,694 4,847 2,732
Cash and Cash Equivalents at End of Year $ 1,545 $ 2,694 $ 4,847