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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ 16 $ (377) [1],[2],[3]
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:    
Depreciation, depletion and amortization 1,672 1,335 [2],[3]
Deferred income tax benefit (314) (10) [2]
Derivative (gains) losses, net (137) 500 [2]
Cash receipts (payments) on derivative settlements, net 129 (162) [2]
Stock-based compensation 24 25 [2]
Gains on sales of assets (33) (27) [2],[3]
Impairments 11 122 [2],[3]
Exploration 35 81 [2]
(Gains) losses on investments 21 (139) [2]
(Gains) losses on purchases or exchanges of debt (70) 68
Other 42 (90) [2]
Changes in assets and liabilities (214) 69 [2]
Net Cash Provided By Operating Activities 1,182 1,395 [2]
CASH FLOWS FROM INVESTING ACTIVITIES:    
Drilling and completion costs (1,640) (1,407) [2]
Business combination, net (353) 0 [2]
Acquisitions of proved and unproved properties (31) (118) [2]
Proceeds from divestitures of proved and unproved properties 110 395 [2]
Additions to other property and equipment (27) (11) [2]
Proceeds from sales of other property and equipment 6 75 [2]
Proceeds from sales of investments 0 74 [2]
Net Cash Used In Investing Activities (1,935) (992) [2]
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility borrowings 8,805 9,095 [2]
Payments on revolving credit facility borrowings (7,495) (9,231) [2]
Proceeds from issuance of senior notes, net 0 1,237 [2]
Cash paid to purchase debt (457) (1,285) [2]
Extinguishment of other financing 0 (122) [2]
Cash paid for preferred stock dividends (69) (69) [2]
Distributions to noncontrolling interest owners (2) (5) [2]
Other (19) (24) [2]
Net Cash Provided By (Used In) Financing Activities 763 (404) [2]
Net increase (decrease) in cash and cash equivalents 10 (1) [2]
Cash and cash equivalents, beginning of period 4 5 [2]
Cash and cash equivalents, end of period 14 4 [2]
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of capitalized interest 487 527 [2]
Income taxes paid, net of refunds received (6) (3) [2]
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for business combination 2,037 0 [2]
Debt exchanged for common stock 693 0 [2]
Preferred stock exchanged for common stock 40 0 [2]
Change in senior notes exchanged 35 0 [2]
Change in accrued drilling and completion costs    
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in non-cash investing and financing activities 49 142 [2]
Change in divested proved and unproved properties    
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in non-cash investing and financing activities $ (144) $ (5) [2]
[1] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[2] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[3] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.