Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Reconciliation of Consolidated Adjusted EBITDAX to Income (Loss) before Income Taxes

Below is a reconciliation of consolidated Adjusted EBITDAX to income (loss) before income taxes:



	Three Months Ended September 30,						Nine Months Ended September 30,
millions	2014			2013			2014		2013
Income (loss) before income taxes	$	1,774		$	463		$	506	$	2,929
Exploration expense	199			272			1,000		714
DD&A	1,163			996			3,335		2,958
Impairments	394			593			514		632
Interest expense	204			177			573		513
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	(276		)	36			324		(359		)
Deepwater Horizon settlement and related costs	3			5			96		12
Algeria exceptional profits tax settlement	—			—			—		33
Tronox-related contingent loss	19			—			4,338		—
Certain other nonoperating items	22			(10		)	22		75
Less net income attributable to noncontrolling interests	60			41			142		95
Consolidated Adjusted EBITDAX	$	3,442		$	2,491		$	10,566	$	7,412

Schedule of Segment Reporting Information, by Segment

The following summarizes selected financial information for Anadarko’s reporting segments:



millions	Oil and Gas Exploration & Production		Midstream		Marketing			Other and Intersegment Eliminations			Total
Three Months Ended September 30, 2014
Sales revenues	$	2,192	$	119	$	1,919		$	—		$	4,230
Intersegment revenues	1,604		364		(1,774		)	(194		)	—
Gains (losses) on divestitures and other, net	724		1		—			55			780
Total revenues and other	4,520		484		145			(139		)	5,010
Operating costs and expenses ⁽¹⁾	1,090		249		188			26			1,553
Net cash from settlement of commodity derivatives	—		—		—			(48		)	(48		)
Other (income) expense, net ⁽²⁾	—		—		—			2			2
Net income attributable to noncontrolling interests	—		60		—			—			60
Total expenses and other	1,090		309		188			(20		)	1,567
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—		(1		)	—			(1		)
Adjusted EBITDAX	$	3,430	$	175	$	(44	)	$	(119	)	$	3,442

Three Months Ended September 30, 2013
Sales revenues	$	1,916	$	95	$	1,778		$	—		$	3,789
Intersegment revenues	1,516		287		(1,629		)	(174		)	—
Gains (losses) on divestitures and other, net	7		—		—			57			64
Total revenues and other	3,439		382		149			(117		)	3,853
Operating costs and expenses ⁽¹⁾	930		216		164			(12		)	1,298
Net cash from settlement of commodity derivatives	—		—		—			26			26
Other (income) expense, net ⁽²⁾	—		—		—			(13		)	(13		)
Net income attributable to noncontrolling interests	—		41		—			—			41
Total expenses and other	930		257		164			1			1,352
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—		(10		)	—			(10		)
Adjusted EBITDAX	$	2,509	$	125	$	(25	)	$	(118	)	$	2,491



millions	Oil and Gas Exploration & Production		Midstream			Marketing			Other and Intersegment Eliminations			Total
Nine Months Ended September 30, 2014
Sales revenues	$	6,804	$	358		$	5,791		$	—		$	12,953
Intersegment revenues	4,947		1,010			(5,369		)	(588		)	—
Gains (losses) on divestitures and other, net	2,194		(2		)	—			148			2,340
Total revenues and other	13,945		1,366			422			(440		)	15,293
Operating costs and expenses ⁽¹⁾	3,128		732			555			51			4,466
Net cash from settlement of commodity derivatives	—		—			—			132			132
Other (income) expense, net ⁽²⁾	—		—			—			(10		)	(10		)
Net income attributable to noncontrolling interests	—		142			—			—			142
Total expenses and other	3,128		874			555			173			4,730
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—			3			—			3
Adjusted EBITDAX	$	10,817	$	492		$	(130	)	$	(613	)	$	10,566

Nine Months Ended September 30, 2013
Sales revenues	$	5,044	$	267		$	5,636		$	—		$	10,947
Intersegment revenues	4,904		805			(5,234		)	(475		)	—
Gains (losses) on divestitures and other, net	12		—			—			284			296
Total revenues and other	9,960		1,072			402			(191		)	11,243
Operating costs and expenses ⁽¹⁾	2,656		613			492			15			3,776
Net cash from settlement of commodity derivatives	—		—			—			(46		)	(46		)
Other (income) expense, net ⁽²⁾	—		—			—			(6		)	(6		)
Net income attributable to noncontrolling interests	—		95			—			—			95
Total expenses and other	2,656		708			492			(37		)	3,819
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—			(12		)	—			(12		)
Adjusted EBITDAX	$	7,304	$	364		$	(102	)	$	(154	)	$	7,412

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⁽¹⁾	Operating costs and expenses excludes exploration expense, DD&A, impairments, Deepwater Horizon settlement and related costs, and Algeria exceptional profits tax settlement since these expenses are excluded from Adjusted EBITDAX.


⁽²⁾	Other (income) expense, net excludes certain other nonoperating items since these items are excluded from Adjusted EBITDAX.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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