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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net income (loss) $ 351 $ (1,132)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 106 143
Impairment of natural gas and oil properties   1,034
Amortization of debt issuance costs 2 2
Deferred income taxes   1
(Gain) loss on derivatives, unsettled (146) 21
Stock-based compensation 6 9
Restructuring charges   42
Loss on early extinguishment of debt 1  
Other (2) 5
Change in assets and liabilities:    
Accounts receivable 53 103
Accounts payable (13) (124)
Taxes payable (8) (12)
Interest payable (24) (11)
Other assets and liabilities (14) 11
Net cash provided by operating activities 312 92
Cash Flows From Investing Activities:    
Capital investments (340) (196)
Proceeds from sale of property and equipment 2  
Other 4  
Net cash used in investing activities (334) (196)
Cash Flows From Financing Activities:    
Payments on short-term debt (25)  
Payments on revolving credit facility   (864)
Borrowings under revolving credit facility   2,600
Payments on commercial paper   (242)
Borrowings under commercial paper   242
Change in bank drafts outstanding 6 (19)
Preferred stock dividend   (27)
Other   (4)
Net cash provided by (used in) financing activities (19) 1,686
Increase (decrease) in cash and cash equivalents (41) 1,582
Cash and cash equivalents at beginning of year 1,423 15
Cash and cash equivalents at end of period $ 1,382 $ 1,597