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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:        
Net loss $ (609) $ (880) $ (529) $ (2,427)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation, depletion and amortization 100 84 196 197
Amortization of debt issuance costs     4 4
Impairments 0 655 0 2,134
Deferred income taxes 0 0 0 408
(Gain) loss on derivatives, unsettled     941 (17)
Stock-based compensation 2 1 2 2
Gain on early extinguishment of debt 0 (7) 0 (35)
Other     1 0
Change in assets and liabilities:        
Accounts receivable     (40) 94
Accounts payable     75 (121)
Taxes payable     (12) (11)
Interest payable     0 (1)
Inventories     3 6
Other assets and liabilities     (24) 21
Net cash provided by operating activities     617 254
Cash Flows From Investing Activities:        
Capital investments     (493) (472)
Proceeds from sale of property and equipment     2 2
Other     (1) 0
Net cash used in investing activities     (492) (470)
Cash Flows From Financing Activities:        
Payments on long-term debt     0 (72)
Payments on revolving credit facility     (1,782) (919)
Borrowings under revolving credit facility     1,650 1,221
Change in bank drafts outstanding     0 (8)
Debt issuance/amendment costs     (1) 0
Cash paid for tax withholding     (3) (1)
Net cash provided by (used in) financing activities     (136) 221
Increase (decrease) in cash and cash equivalents     (11) 5
Cash and cash equivalents at beginning of year     13 5
Cash and cash equivalents at end of period $ 2 $ 10 $ 2 $ 10