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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities      
Net Income $ 2,197,109 $ 570,279 $ 1,091,123
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 3,600,976 3,169,703 2,516,381
Impairments 286,941 1,270,735 1,031,037
Stock-Based Compensation Expenses 134,055 127,778 128,345
Deferred Income Taxes 874,765 292,938 499,300
Gains on Asset Dispositions, Net (197,565) (192,660) (492,909)
Other, Net 11,072 672 15,139
Dry Hole Costs 74,655 14,970 [1] 53,230 [1]
Mark-to-Market Commodity Derivative Contracts      
Total (Gains) Losses 166,349 (393,744) (626,053)
Realized Gains 116,361 711,479 180,701
Excess Tax Benefits from Stock-Based Compensation (55,831) (67,035) 0
Other, Net 18,205 14,411 26,454
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable (23,613) (178,683) (339,780)
Inventories 53,402 (156,762) (176,623)
Accounts Payable 178,701 (17,150) 351,087
Accrued Taxes Payable 75,142 78,094 92,589
Other Assets (109,567) (118,520) (23,625)
Other Liabilities (20,382) 36,114 14,986
Changes in Components of Working Capital Associated with Investing and Financing Activities (51,361) 74,158 237,028
Net Cash Provided by Operating Activities 7,329,414 5,236,777 4,578,410
Investing Cash Flows      
Additions to Oil and Gas Properties (6,697,091) (6,735,316) (6,294,397)
Additions to Other Property, Plant and Equipment (363,536) (619,800) (656,415)
Proceeds from Sales of Assets 760,557 1,309,776 1,433,137
Changes in Restricted Cash (65,814) 0 0
Changes in Components of Working Capital Associated with Investing Activities 51,106 (73,923) (237,267)
Net Cash Used in Investing Activities (6,314,778) (6,119,263) (5,754,942)
Financing Cash Flows      
Common Stock Sold 0 0 1,388,265
Long-Term Debt Borrowings 0 1,234,138 0
Long-Term Debt Repayments (400,000) 0 (220,000)
Dividends Paid (199,178) (181,080) (167,169)
Excess Tax Benefits from Stock-Based Compensation 55,831 67,035 0
Treasury Stock Purchased (63,784) (58,592) (23,922)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 38,730 82,887 35,913
Debt Issuance Costs 0 (1,578) (4,787)
Repayment of Capital Lease Obligation (5,780) (2,824) 0
Other, Net 255 (235) 239
Net Cash Provided by Financing Activities (573,926) 1,139,751 1,008,539
Effect of Exchange Rate Changes on Cash 1,064 3,444 (5,134)
Increase (Decrease) in Cash and Cash Equivalents 441,774 260,709 (173,127)
Cash and Cash Equivalents at Beginning of Period 876,435 615,726 788,853
Cash and Cash Equivalents at End of Period $ 1,318,209 $ 876,435 $ 615,726
[1] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2013.