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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:    
Net income (loss) $ 635 $ (1,725)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 229 250
Impairment of natural gas and oil properties   1,504
Amortization of debt issuance costs 4 4
(Gain) loss on derivatives, unsettled (319) 129
Stock-based compensation 12 17
Restructuring charges   29
Loss on early extinguishment of debt 11  
Other (4) 7
Change in assets and liabilities:    
Accounts receivable 12 92
Accounts payable 2 (139)
Taxes payable 5 (3)
Interest payable (4)  
Other assets and liabilities (5)  
Net cash provided by operating activities 578 165
Cash Flows From Investing Activities:    
Capital investments (619) (241)
Proceeds from sale of property and equipment 12 54
Other 1 1
Net cash used in investing activities (606) (186)
Cash Flows From Financing Activities:    
Payments on short-term debt (287) (1)
Payments on revolving credit facility   (3,268)
Borrowings under revolving credit facility   3,152
Payments on commercial paper   (242)
Borrowings under commercial paper   242
Change in bank drafts outstanding 3 (21)
Proceeds from issuance of long-term debt   1,191
Debt issuance costs   (16)
Preferred stock dividend   (27)
Other   (6)
Net cash provided by (used in) financing activities (284) 1,004
Increase (decrease) in cash and cash equivalents (312) 983
Cash and cash equivalents at beginning of year 1,423 15
Cash and cash equivalents at end of period $ 1,111 $ 998