XML 28 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:      
Net income (loss) $ (2,643) $ (4,556) $ 924
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 436 1,092 942
Impairment of natural gas and oil properties 2,321 6,950  
Amortization of debt issuance costs 14 53 10
Deferred income taxes (22) (2,003) 504
(Gain) loss on derivatives, net of settlement 373 155 (130)
Stock-based compensation 29 26 18
Gain on sale of assets, net   (283)  
Restructuring charges 30    
Loss on early extinguishment of debt 51    
Other 8 34 2
Change in assets and liabilities:      
Accounts receivable (30) 203 (66)
Accounts payable (69) (78) 84
Taxes payable (5) (28) 24
Interest payable   9  
Other assets and liabilities 5 6 23
Net cash provided by operating activities 498 1,580 2,335
Cash Flows From Investing Activities:      
Capital investments (593) (1,798) (2,043)
Acquisitions   (579) (5,298)
Proceeds from sale of property and equipment 430 729 43
Other 1 10 10
Net cash used in investing activities (162) (1,638) (7,288)
Cash Flows From Financing Activities:      
Payments on current portion of long-term debt (1) (1) (1)
Payments on long-term debt (1,175) (500)  
Payments on short-term debt   (4,500)  
Payments on revolving credit facility (3,268) (3,024) (5,179)
Borrowings under revolving credit facility 3,152 2,840 5,196
Payments on commercial paper (242) (7,988)  
Borrowings under commercial paper 242 7,988  
Change in bank drafts outstanding (20) 12 11
Proceeds from issuance of long-term debt 1,191 2,950 500
Proceeds from issuance of short-term debt     4,500
Debt issuance costs (17) (20) (56)
Proceeds from exercise of common stock options     12
Proceeds from issuance of common stock 1,247 669  
Proceeds from issuance of mandatory convertible preferred stock   1,673  
Preferred stock dividend (27) (79)  
Cash paid for tax withholding (9)    
Other (1)    
Net cash provided by financing activities 1,072 20 4,983
Increase (decrease) in cash and cash equivalents 1,408 (38) 30
Cash and cash equivalents at beginning of year 15 53 23
Cash and cash equivalents at end of year $ 1,423 $ 15 $ 53