XML 20 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 80 $ (1,547)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 96 113
Amortization of debt issuance costs 2 1
Impairments 0 1,479
Deferred income taxes 0 408
(Gain) loss on derivatives, unsettled 169 (246)
Stock-based compensation 0 1
Gain on early extinguishment of debt 0 (28)
Change in assets and liabilities:    
Accounts receivable (33) 53
Accounts payable 33 (86)
Taxes payable (8) (6)
Interest payable (2) 1
Inventories 9 8
Other assets and liabilities 1 9
Net cash provided by operating activities 347 160
Cash Flows From Investing Activities:    
Capital investments (227) (228)
Proceeds from sale of property and equipment 1 0
Other (1) 0
Net cash used in investing activities (227) (228)
Cash Flows From Financing Activities:    
Payments on long-term debt 0 (52)
Payments on revolving credit facility (923) (500)
Borrowings under revolving credit facility 790 615
Change in bank drafts outstanding 7 5
Cash paid for tax withholding (3) 0
Net cash provided by (used in) financing activities (129) 68
Decrease in cash and cash equivalents (9) 0
Cash and cash equivalents at beginning of year 13 5
Cash and cash equivalents at end of period $ 4 $ 5