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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CASH FLOW FROM OPERATING ACTIVITIES      
Net (loss) income $ (140) $ 5 $ (190)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 138 278 285
Deferred income tax benefit     (78)
Net derivative (gains) losses 118 (116) 143
Net proceeds on settled derivatives   7 75
Net gains on early extinguishment of debt (44) (4) (133)
Amortization of deferred gain and issuance costs   (26) (29)
Gains on asset divestitures (31) (21) (31)
Other non-cash losses in income, net   17 43
Dry hole expenses   1  
Changes in operating assets and liabilities, net   (21) (41)
Net cash provided by operating activities   120 44
CASH FLOW FROM INVESTING ACTIVITIES      
Capital investments   (132) (26)
Changes in capital investment accruals   26 (11)
Asset divestitures   33 19
Acquisitions and other   (1)  
Net cash used by investing activities   (74) (18)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from revolving credit facility   728 743
Repayments of revolving credit facility   (733) (701)
Payments on first-lien first-out term loan   (66) (61)
Debt repurchases   (24) (13)
Debt transaction costs   (2) (7)
Contribution from noncontrolling interest, net   49  
Dividends paid to noncontrolling interest   (1)  
Employee stock purchases and other     3
Net cash provided (used) by financing activities   (49) (36)
(Decrease) increase in cash and cash equivalents   (3) (10)
Cash and cash equivalents-beginning of period   12 12
Cash and cash equivalents-end of period $ 2 $ 9 $ 2