Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Reconciliation of Consolidated Adjusted EBITDAX to Income (Loss) before Income Taxes

Below is a reconciliation of consolidated Adjusted EBITDAX to income (loss) before income taxes:



	Three Months Ended March 31,
millions	2014			2013
Income (loss) before income taxes	$	(1,962	)	$	940
Exploration expense	299			264
DD&A	1,124			1,022
Impairments	3			29
Interest expense	183			164
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	363			246
Algeria exceptional profits tax settlement	—			33
Tronox-related contingent loss	4,300			—
Less net income attributable to noncontrolling interests	43			24
Consolidated Adjusted EBITDAX	$	4,267		$	2,674

Schedule of Segment Reporting Information, by Segment

The following summarizes selected financial information for Anadarko’s reporting segments:



millions	Oil and Gas Exploration & Production		Midstream			Marketing			Other and Intersegment Eliminations			Total
Three Months Ended March 31, 2014
Sales revenues	$	2,389	$	120		$	1,829		$	—		$	4,338
Intersegment revenues	1,553		320			(1,689		)	(184		)	—
Gains (losses) on divestitures and other, net	1,460		(2		)	—			48			1,506
Total revenues and other	5,402		438			140			(136		)	5,844
Operating costs and expenses ⁽¹⁾	1,012		232			181			18			1,443
Net cash from settlement of commodity derivatives	—		—			—			92			92
Other (income) expense, net ⁽²⁾	—		—			—			1			1
Net income attributable to noncontrolling interests	—		43			—			—			43
Total expenses and other	1,012		275			181			111			1,579
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—			2			—			2
Adjusted EBITDAX	$	4,390	$	163		$	(39	)	$	(247	)	$	4,267

Three Months Ended March 31, 2013
Sales revenues	$	1,541	$	84		$	2,093		$	—		$	3,718
Intersegment revenues	1,862		253			(1,966		)	(149		)	—
Gains (losses) on divestitures and other, net	4		—			—			171			175
Total revenues and other	3,407		337			127			22			3,893
Operating costs and expenses ⁽¹⁾	884		188			164			20			1,256
Net cash from settlement of commodity derivatives	—		—			—			(51		)	(51		)
Other (income) expense, net	—		—			—			(6		)	(6		)
Net income attributable to noncontrolling interests	—		24			—			—			24
Total expenses and other	884		212			164			(37		)	1,223
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—			4			—			4
Adjusted EBITDAX	$	2,523	$	125		$	(33	)	$	59		$	2,674

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⁽¹⁾	Operating costs and expenses excludes exploration expense, DD&A, impairments, and Algeria exceptional profits tax settlement since these expenses are excluded from Adjusted EBITDAX.


⁽²⁾	Other (income) expense, net excludes Tronox-related contingent loss since this expense is excluded from Adjusted EBITDAX.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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