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Organization And Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
Organization And Summary Of Significant Accounting Policies [Abstract]  
Components Of Inventory

 

 

 

 

 

 

 

 

 

For years ended December 31,

 

2015

 

2014

 

(in millions)

Inventory:

 

 

 

 

 

Tubulars and other equipment

$

 3 

 

$

 33 

Natural gas in underground storage

 

–  

 

 

 4 

 

Schedule Of Earnings Per Share

 

 

 

 

 

 

 

 

 

 

For the years ended

 

December 31,

 

2015

 

2014

 

2013

 

(in millions, except share/per share amounts)

Net income (loss)

$

 (4,556)

 

$

 924 

 

$

 704 

Mandatory convertible preferred stock dividend

 

 106 

 

 

–  

 

 

–  

Net income (loss) attributable to common stock

$

 (4,662)

 

$

 924 

 

$

 704 

 

 

 

 

 

 

 

 

 

Number of common shares:

 

 

 

 

 

 

 

 

Weighted average outstanding

 

 380,521,039 

 

 

 351,446,747 

 

 

 350,465,430 

Issued upon assumed exercise of outstanding stock options (1)

 

–  

 

 

 241,603 

 

 

 377,626 

Effect of issuance of non-vested restricted common stock (2)

 

–  

 

 

 448,415 

 

 

 258,396 

Effect of issuance of non-vested performance units (3)

 

–  

 

 

 273,918 

 

 

–  

Effect of issuance of mandatory convertible preferred stock (4)

 

–  

 

 

–  

 

 

–  

Weighted average and potential dilutive outstanding

 

 380,521,039 

 

 

 352,410,683 

 

 

 351,101,452 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

Basic

$

 (12.25)

 

$

 2.63 

 

$

 2.01 

Diluted

$

 (12.25)

 

$

 2.62 

 

$

 2.00 

 

(1)

Due to the net loss for the year ended December 31, 2015, the unvested stock options were not recognized in diluted earnings per share calculations as they would be antidilutive.  Options for 3,835,234 shares, 1,446,004 shares and 1,634,695 shares were excluded from the calculation of diluted shares for the years ended December 31, 2015, 2014 and 2013, respectively, because they would have had an antidilutive effect.

 

(2)

Due to the net loss for the year ended December 31, 2015, the unvested share-based payments were not recognized in diluted earnings per share calculations as they would be antidilutive.  The calculation excluded 1,990,383 shares,  29,879 shares and 114,433 shares of restricted stock  for the years ended December 31, 2015, 2014, and 2013, respectively, because they would have had an antidilutive effect.

 

(3)

Due to the net loss for the year ended December 31, 2015, 140,414 shares of performance units were excluded in the calculation of diluted earnings per share as they would be antidilutive.   There were no performance units issued in 2013.

 

(4)

Due to the net loss for the year ended December 31, 2015, the weighted average common shares issuable upon the assumed conversion of the mandatory convertible preferred stock were not recognized in diluted earnings per share calculations as they would be antidilutive.  The calculation excluded 70,890,312 weighted average common shares issuable upon the assumed conversion of the mandatory convertible preferred stock because they would have had an antidilutive effect.  There were no mandatory convertible preferred shares in 2014 or 2013.
Schedule Of Supplemental Disclosures Of Cash Flow Information

 

 

 

 

 

 

 

 

 

 

For the years ended December 31,

 

2015

 

2014

 

2013

 

(in millions)

Cash paid during the year for interest, net of amounts capitalized

$

 6 

 

$

 50 

 

$

 36 

Cash paid (received) during the year for income taxes

 

 (6)

 

 

 28 

 

 

 19 

Increase (decrease) in noncash property additions

 

 (10)

 

 

 174 

 

 

 (13)