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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities      
Net income (loss) $ (4,556) $ 924 $ 704
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,092 942 787
Impairment of natural gas and oil properties 6,950    
Amortization of debt issuance cost 53 10 4
Deferred income taxes (2,003) 504 497
(Gain) loss on derivatives, net of settlement 155 (130) (21)
Stock-based compensation 26 18 13
Gain on sale of assets, net (283)    
Other 34 2 1
Change in assets and liabilities:      
Accounts receivable 203 (66) (86)
Inventories 4 1 (6)
Accounts payable (78) 84 74
Taxes payable (28) 24 5
Interest payable 9   (1)
Advances from partners     (69)
Other assets and liabilities 2 22 7
Net cash provided by operating activities 1,580 2,335 1,909
Cash Flows From Investing Activities      
Capital investments (1,798) (2,043) (2,157)
Acquisitions (579) (5,298) (96)
Proceeds from sale of property and equipment 729 43 18
Transfers to restricted cash     9
Other 10 10 10
Net cash used in investing activities (1,638) (7,288) (2,216)
Cash Flows From Financing Activities      
Payments on current portion of long-term debt (1) (1) (1)
Payments on long-term debt (500)    
Payments on short-term debt (4,500)    
Payments on revolving credit facility (3,024) (5,179) (3,148)
Borrowings under revolving credit facility 2,840 5,196 3,430
Payments on commercial paper (7,988)    
Borrowings under commercial paper 7,988    
Change in bank drafts outstanding 12 11 (7)
Proceeds from issuance of long-term debt 2,950 500  
Proceeds from issuance of short-term debt   4,500  
Debt issuance costs (20) (56)  
Proceeds from exercise of common stock options   12 10
Proceeds from issuance of common stock 669    
Proceeds from issuance of mandatory convertible preferred stock 1,673    
Preferred stock dividend (79)    
Other     (7)
Net cash provided by financing activities 20 4,983 277
Effect of exchange rate changes on cash     (1)
Increase (decrease) in cash and cash equivalents (38) 30 (31)
Cash and cash equivalents at beginning of year 53 23 54
Cash and cash equivalents at end of year $ 15 $ 53 $ 23