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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities    
Net income (loss) $ (1,132) $ 78
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 143 $ 293
Impairment of natural gas and oil properties 1,034
Amortization of debt issuance cost 2 $ 46
Deferred income taxes 1 49
Loss on derivatives, net of settlement 21 21
Stock-based compensation 9 6
Restructuring charges 42  
Other 5  
Change in assets and liabilities:    
Accounts receivable 103 38
Accounts payable (124) (35)
Taxes payable (12) (20)
Interest payable (11) (1)
Other assets and liabilities 11 66
Net cash provided by operating activities 92 541
Cash Flows From Investing Activities    
Capital investments (196) (508)
Acquisitions   (591)
Proceeds from sale of property and equipment   1
Other   3
Net cash used in investing activities (196) (1,095)
Cash Flows From Financing Activities    
Payments on short-term debt   (4,500)
Payments on revolving credit facility (864) (830)
Borrowings under revolving credit facility 2,600 $ 1,330
Payments on commercial paper (242)
Borrowings under commercial paper 242  
Change in bank drafts outstanding (19) $ (7)
Proceeds from issuance of long-term debt   2,200
Debt issuance costs   (17)
Proceeds from issuance of common stock   669
Proceeds from issuance of mandatory convertible preferred stock   1,673
Preferred stock dividend (27)  
Other (4)  
Net cash provided by financing activities 1,686 518
Increase (decrease) in cash and cash equivalents 1,582 (36)
Cash and cash equivalents at beginning of year 15 53
Cash and cash equivalents at end of period $ 1,597 $ 17