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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities      
Net income (loss) $ (3,941) $ (6,076) $ (3,007)
Adjustments to reconcile to net cash provided by (used in) operating activities      
(Gains) losses on asset sales, net 86 (23) (51)
Depreciation, depletion and amortization 2,883 3,244 3,955
Impairment 4,203 67 1,616
Loss from equity affiliates 0 0 25
Exploratory dry hole costs 268 1,064 410
Exploration lease and other impairment 44 145 182
Stock compensation expense 86 73 97
Non-cash (gains) losses on commodity derivatives, net 97 0 48
Provision (benefit) for deferred income taxes and other tax accruals (2,001) 2,200 (1,319)
Loss on debt extinguishment 0 148 0
(Income) loss from discontinued operations, net of income taxes 0 0 48
Changes in operating assets and liabilities      
(Increase) decrease in accounts receivable (340) 96 793
(Increase) decrease in inventories (64) 77 29
Increase (decrease) in accounts payable and accrued liabilities (44) (87) (424)
Increase (decrease) in taxes payable (34) 9 (222)
Changes in other operating assets and liabilities (298) (142) (164)
Net cash provided by (used in) operating activities - continuing operations 945 795 2,016
Net cash provided by (used in) operating activities - discontinued operations 0 0 (35)
Net cash provided by (used in) operating activities 945 795 1,981
Cash Flows From Investing Activities      
Additions to property, plant and equipment - E&P (1,788) (1,974) (3,952)
Additions to property, plant and equipment - Midstream (149) (277) (369)
Proceeds from asset sales 3,296 140 50
Other, net (1) 21 (44)
Net cash provided by (used in) investing activities - continuing operations 1,358 (2,090) (4,315)
Net cash provided by (used in) investing activities - discontinued operations 0 0 109
Net cash provided by (used in) investing activities 1,358 (2,090) (4,206)
Cash Flows From Financing Activities      
Net borrowings (repayments) of debt with maturities of 90 days or less (153) 43 110
Debt with maturities of greater than 90 days – Borrowings 800 1,496 600
Debt with maturities of greater than 90 days – Repayments (459) (1,455) (67)
Proceeds from issuance of Hess Midstream Partnership LP units 366 0 0
Proceeds from issuance of preferred stock 0 557 0
Proceeds from issuance of common stock 0 1,087 0
Common stock acquired and retired (110) 0 (142)
Cash dividends paid (363) (350) (287)
Noncontrolling interests, net (243) (23) 2,296
Other, net (26) (44) (13)
Net cash provided by (used in) financing activities - continuing operations (188) 1,311 2,497
Net cash provided by (used in) financing activities - discontinued operations 0 0 0
Net cash provided by (used in) financing activities (188) 1,311 2,497
Net Increase (Decrease) in Cash and Cash Equivalents 2,115 16 272
Cash and Cash Equivalents at Beginning of Year 2,732 2,716 2,444
Cash and Cash Equivalents at End of Year $ 4,847 $ 2,732 $ 2,716