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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net loss $ (1,725) $ (710)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 250 603
Impairment of natural gas and oil properties 1,504 1,535
Amortization of debt issuance cost 4 49
Deferred income taxes   (451)
Loss on derivatives, net of settlement 129 71
Stock-based compensation 17 12
Gain on sale of assets, net   (277)
Restructuring charges 29  
Other 7  
Change in assets and liabilities:    
Accounts receivable 92 162
Inventories (7)  
Accounts payable (139) (22)
Taxes payable (3) (30)
Interest payable   14
Other assets and liabilities 7 (16)
Net cash provided by operating activities 165 940
Cash Flows From Investing Activities    
Capital investments (241) (974)
Acquisitions   (569)
Proceeds from sale of property and equipment 54 703
Other 1 10
Net cash used in investing activities (186) (830)
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 (3,268) (1,534)
Borrowings under revolving credit facility 3,152 1,804
Payments on commercial paper (242) (1,182)
Borrowings under commercial paper 242 1,288
Change in bank drafts outstanding (21) (1)
Proceeds from issuance of long-term debt 1,191 2,200
Debt issuance costs (16) (17)
Proceeds from issuance of common stock   669
Proceeds from issuance of mandatory convertible preferred stock   1,673
Preferred stock dividend (27) (25)
Other (6)  
Net cash provided by (used in) financing activities 1,004 (126)
Increase (decrease) in cash and cash equivalents 983 (16)
Cash and cash equivalents at beginning of year 15 53
Cash and cash equivalents at end of period $ 998 $ 37