XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOW FROM OPERATING ACTIVITIES    
Net income (loss) $ 52 $ (50)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 140 147
Deferred income tax benefit   (78)
Net derivative (gains) losses (73) 25
Net (payments) proceeds on settled derivatives (1) 56
Net gains on early extinguishment of debt (4) (89)
Deferred gain and issuance costs amortization (12) (15)
Gains on asset divestitures (21)  
Other non-cash losses in income, net 9 21
Dry hole expenses 1  
Changes in operating assets and liabilities, net 42 98
Net cash provided by operating activities 133 115
CASH FLOW FROM INVESTING ACTIVITIES    
Capital investments (50) (21)
Changes in capital investment accruals 17 (7)
Asset divestitures 33  
Acquisitions and other   (1)
Net cash used by investing activities   (29)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from revolving credit facility 221 361
Repayments of revolving credit facility (299) (405)
Payments on first-lien first-out term loan (41) (25)
Debt repurchases (24) (13)
Debt transaction costs (2) (7)
Contribution from noncontrolling interest, net 49  
Issuance of common stock 1 1
Net cash used by financing activities (95) (88)
Increase (decrease) in cash and cash equivalents 38 (2)
Cash and cash equivalents-beginning of period 12 12
Cash and cash equivalents-end of period $ 50 $ 10