Additional Financial Statement Information (Tables)

12 Months Ended

Dec. 31, 2012

Additional statements of operations information is as follows:



	Year Ended December 31,
	2012			2011			2010
(millions)
Other Revenues ⁽¹⁾	—			32			72
Production Expense
Lease Operating Expense	$	431		$	346		$	329
Production and Ad Valorem Taxes	151			146			125
Transportation Expense	91			66			61
Total	$	673		$	558		$	515
Other Operating Expense, Net
Deepwater Gulf of Mexico Moratorium Expense ⁽²⁾	$	—		$	18		$	27
Electricity Generation Expense ⁽¹⁾	—			26			39
Other, Net	25			42			(2		)
Total	$	25		$	86		$	64
Other Non-Operating (Income) Expense, Net
Deferred Compensation Expense ⁽³⁾	$	6		$	8		$	15
Interest Income ⁽⁴⁾	(1		)	(8		)	(7		)
Other (Income) Expense, Net	1			9			(2		)
Total	$	6		$	9		$	6


⁽¹⁾	Other revenues consist primarily of electricity sales from the Machala power plant, located in Machala, Ecuador, through May 2011. Electricity generation expense includes all operating and non-operating expenses associated with the plant, including depreciation and changes in the allowance for doubtful accounts. In May 2011, we transferred our assets in Ecuador to the Ecuadorian government.


⁽²⁾	Amounts relate to rig stand-by expense incurred due to the deepwater Gulf of Mexico drilling moratorium.


⁽³⁾	Amounts represent increases in the fair value of shares of our common stock held in a rabbi trust.


⁽⁴⁾	Interest income for 2010 includes $3 million related to the refund of deepwater Gulf of Mexico royalties.

Additional balance sheet information is as follows:



	December 31,
	2012			2011
(millions)
Accounts Receivable, Net
Commodity Sales	$	349		$	356
Joint Interest Billings	486			313
Other	139			123
Allowance for Doubtful Accounts	(10		)	(9		)
Total	$	964		$	783
Other Current Assets
Inventories, Current	$	90		$	78
Commodity Derivative Assets, Current	63			10
Deferred Income Taxes, Net, Current ⁽¹⁾	106			41
Probable Insurance Claims ⁽²⁾	45			15
Assets Held for Sale ⁽³⁾	45			—
Prepaid Expenses and Other Assets, Current	71			36
Total	$	420		$	180
Other Noncurrent Assets
Equity Method Investments	$	367		$	329
Mutual Fund Investments	103			99
Commodity Derivative Assets, Noncurrent	21			37
Other Assets, Noncurrent	106			83
Total	$	597		$	548
Other Current Liabilities
Production and Ad Valorem Taxes	$	113		$	121
Commodity Derivative Liabilities, Current	7			76
Income Taxes Payable	203			127
Asset Retirement Obligations, Current	69			33
Interest Payable	55			56
CONSOL Installment Payment, Net ⁽⁴⁾	324			324
Current Portion of FPSO Lease Obligation	48			45
Liabilities Associated with Assets Held for Sale ⁽³⁾	12			—
Other Liabilities, Current	193			143
Total	$	1,024		$	925
Other Noncurrent Liabilities
Deferred Compensation Liabilities, Noncurrent	$	229		$	222
Asset Retirement Obligations, Noncurrent	333			344
Accrued Benefit Costs, Noncurrent ⁽⁵⁾	116			88
Commodity Derivative Liabilities, Noncurrent	3			7
Other Liabilities, Noncurrent	129			91
Total	$	810		$	752


⁽¹⁾	Increase from December 31, 2011 is due to reclassification of deferred income tax assets from long-term to short-term as certain foreign entities are estimated to begin utilizing net operating loss carryforwards in 2013.


⁽²⁾	Amounts represent the costs incurred to date of the Leviathan-2 appraisal well and expected well abandonment costs in excess of the insurance deductible less insurance proceeds received to date. See Note 11. Asset Retirement Obligations.


⁽³⁾	Assets held for sale consist primarily of North Sea oil and gas properties, and liabilities associated with assets held for sale consists primarily of asset retirement obligations. See Note 3. Acquisitions and Divestitures.


⁽⁴⁾	See Note 3. Acquisitions and Divestitures and Note 12. Long-Term Debt.


⁽⁵⁾	Amount includes liabilities accrued under our defined benefit pension plan, restoration plan, and other postretirement benefit plans. See Note 14. Stock-Based and Other Compensation Plans.

Supplemental statements of cash flow information is as follows:



	Year Ended December 31,
	2012		2011		2010
(millions)
Cash Paid During the Year For
Interest, Net of Amount Capitalized	$	107	$	32	$	66
Income Taxes Paid, Net	168		288		173
Non-Cash Financing and Investing Activities
Increase in CONSOL Installment Payments, Net of Discount ⁽¹⁾	—		639		—
Increase in FPSO Lease Obligation ⁽¹⁾	—		66		266


⁽¹⁾	See Note 3. Acquisitions and Divestitures and Note 12. Long-Term Debt.