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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ (1,502) $ (529)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 563 196
Amortization of debt issuance costs 6 4
Loss on derivatives, unsettled 2,510 941
Stock-based compensation 3 2
Loss on early extinguishment of debt 6 0
Other 2 1
Change in assets and liabilities, excluding impact from acquisitions:    
Accounts receivable (621) (40)
Accounts payable 433 75
Taxes payable 4 (12)
Interest payable 7 0
Inventories (5) 3
Other assets and liabilities (7) (24)
Net cash provided by operating activities 1,399 617
Cash Flows From Investing Activities:    
Capital investments (1,050) (493)
Proceeds from sale of property and equipment 1 2
Other 0 (1)
Net cash used in investing activities (1,049) (492)
Cash Flows From Financing Activities:    
Payments on current portion of long-term debt (204) 0
Payments on long-term debt (71) 0
Payments on revolving credit facility (5,564) (1,782)
Borrowings under revolving credit facility 5,510 1,650
Change in bank drafts outstanding 29 0
Proceeds from exercise of common stock options 7 0
Purchase of treasury stock (20) 0
Debt issuance/amendment costs (11) (1)
Cash paid for tax withholding (4) (3)
Net cash used in financing activities (328) (136)
Increase (decrease) in cash and cash equivalents 22 (11)
Cash and cash equivalents at beginning of year 28 13
Cash and cash equivalents at end of period $ 50 $ 2