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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net Income$ 749$ 673
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities  
Depreciation, Depletion and Amortization681662
Asset Impairments139100
Dry Hole Cost5757
Deferred Income Taxes147109
Dividends (Income) from Equity Method Investees, Net236
Unrealized Gain on Commodity Derivative Instruments(140)(215)
Gain on Divestitures(26)[1](114)[1]
Other Adjustments for Noncash Items Included in Income5240
Changes in Operating Assets and Liabilities  
(Increase) in Accounts Receivable(7)(63)
(Increase) Decrease in Other Current Assets(17)18
Increase in Accounts Payable131214
Increase in Current Income Taxes Payable5220
(Decrease) in Other Current Liabilities(25)(17)
Other Operating Assets and Liabilities, Net(31)(38)
Net Cash Provided by Operating Activities1,7851,452
Cash Flows From Investing Activities  
Additions to Property, Plant and Equipment(1,868)(1,326)
Marcellus Shale Asset Acquisition(519)0
Central DJ Basin Asset Acquisition0(458)
Additions to Equity Method Investments(73)0
Proceeds from Divestitures77552
Net Cash Used in Investing Activities(2,383)(1,232)
Cash Flows From Financing Activities  
Exercise of Stock Options3235
Excess Tax Benefits from Stock-Based Awards1119
Dividends Paid, Common Stock(104)(95)
Purchase of Treasury Stock(16)(12)
Proceeds from Credit Facilities520760
Repayment of Credit Facilities(470)(792)
Proceeds from Issuance of Senior Long-Term Debt, Net8360
Settlement of Interest Rate Derivative Instrument(40)0
Net Cash Provided By (Used In) Financing Activities769(85)
Increase in Cash and Cash Equivalents171135
Cash and Cash Equivalents at Beginning of Period1,0811,014
Cash and Cash Equivalents at End of Period$ 1,252$ 1,149
[1]See Note 3. Acquisitions and Divestitures.