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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net income (loss) $ (2,356) $ (5,288)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation, depletion, and amortization 3,202 3,581
Deferred income taxes (1,121) (2,627)
Dry hole expense and impairments of unproved properties 300 1,993
Impairments 61 3,571
(Gains) losses on divestitures, net 516 1,003
Loss on early extinguishment of debt 124 0
Total (gains) losses on derivatives, net 634 123
Operating portion of net cash received (paid) in settlement of derivative instruments 229 251
Other 256 219
Changes in assets and liabilities    
(Increase) decrease in accounts receivable 810 23
Increase (decrease) in accounts payable and accrued expenses (833) (573)
Other items, net 55 800
Net cash provided by (used in) operating activities 1,877 (2,134)
Cash Flows from Investing Activities    
Additions to properties and equipment (2,618) (4,861)
Divestitures of properties and equipment and other assets 1,281 1,248
Other, net 81 (83)
Net cash provided by (used in) investing activities (1,256) (3,696)
Cash Flows from Financing Activities    
Borrowings, net of issuance costs 5,840 4,810
Repayments of debt (6,023) (4,024)
Financing portion of net cash received (paid) for derivative instruments (639) (44)
Increase (decrease) in outstanding checks (126) (103)
Dividends paid (78) (415)
Repurchase of common stock (32) (38)
Issuance of common stock, including tax benefit on share-based compensation awards 2,188 21
Distributions to noncontrolling interest owners (260) (208)
Proceeds from conveyance of future hard minerals royalty revenues, net of transaction costs 413 0
Payments of future hard minerals royalty revenues conveyed (25) 0
Net cash provided by (used in) financing activities 2,421 534
Effect of Exchange Rate Changes on Cash (1) (1)
Net Increase (Decrease) in Cash and Cash Equivalents 3,041 (5,297)
Cash and Cash Equivalents at Beginning of Period 939 7,369
Cash and Cash Equivalents at End of Period 3,980 2,072
Subsidiary Equity Transactions [Member]    
Cash Flows from Financing Activities    
Sale of subsidiary units 1,163 187
Equity Component of 7.50% Tangible Equity Units [Member]    
Cash Flows from Financing Activities    
Sale of subsidiary units 0 348
Tronox Litigation [Member] | Judicial Ruling [Member]    
Changes in assets and liabilities    
Tronox-related contingent liability $ 0 $ (5,210)