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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net income (loss) $ (710) $ 401
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 603 $ 455
Impairment of natural gas and oil properties 1,535  
Amortization of debt issuance cost 49 $ 2
Deferred income taxes (451) 267
Loss on derivatives excluding derivatives, settled 71 62
Stock-based compensation 12 $ 9
Gain on sale of assets, net (277)  
Change in assets and liabilities:    
Accounts receivable 162 $ (49)
Accounts payable (22) 53
Taxes receivable (30) (2)
Interest payable 14  
Other assets and liabilities (16) (4)
Net cash provided by operating activities 940 1,194
Cash Flows From Investing Activities    
Capital investments (974) (970)
Acquisitions (569) (174)
Proceeds from sale of property and equipment 703 17
Other 10 3
Net cash used in investing activities (830) (1,124)
Cash Flows From Financing Activities    
Payments on current portion of long-term debt (1) (1)
Payments on long-term debt (500)  
Payments on short-term debt (4,500)  
Payments on revolving credit facility (1,534) (2,486)
Borrowings under revolving credit facility 1,804 $ 2,375
Payments on commercial paper (1,182)  
Borrowings under commercial paper 1,288  
Change in bank drafts outstanding (1) $ 30
Proceeds from issuance of long-term debt 2,200  
Debt issuance costs (17)  
Proceeds from exercise of common stock options   9
Proceeds from issuance of common stock 669  
Proceeds from issuance of mandatory convertible preferred stock 1,673  
Mandatory convertible preferred stock dividend (25)  
Net cash used in financing activities (126) (73)
Decrease in cash and cash equivalents (16) (3)
Cash and cash equivalents at beginning of year 53 23
Cash and cash equivalents at end of period $ 37 $ 20