Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

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 for the years ended December 31:



millions	2017			2016			2015
Income (loss) before income taxes	$	(1,688	)	$	(3,829	)	$	(9,689	)
(Gains) losses on divestitures, net	(674		)	757			1,022
Exploration expense	2,541			946			2,644
DD&A	4,279			4,301			4,603
Impairments	408			227			5,075
Interest expense	932			890			825
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	156			559			235
Restructuring charges	21			389			—
Other operating expense	—			1			74
Loss on early extinguishment of debt	2			155			—
Certain other nonoperating items	—			(58		)	27
Less net income (loss) attributable to noncontrolling interests	245			263			(120		)
Consolidated Adjusted EBITDAX	$	5,732		$	4,075		$	4,936

Schedule of Segment Reporting Information by Segment

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



millions	Exploration & Production		WES Midstream		Other Midstream		Other and Intersegment Eliminations			Total
2017
Sales revenues	$	8,946	$	1,715	$	187	$	121		$	10,969
Intersegment revenues	23		523		172		(718		)	—
Other ⁽¹⁾	15		153		30		67			265
Total revenues and other ⁽²⁾	8,984		2,391		389		(530		)	11,234
Operating costs and expenses ⁽³⁾	3,555		1,330		234		212			5,331
Net cash from settlement of commodity derivatives	—		—		—		(27		)	(27		)
Other (income) expense, net	—		—		—		(53		)	(53		)
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—		—		—		245			245
Total expenses and other	3,555		1,330		234		377			5,496
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—		—		(6		)	(6		)
Adjusted EBITDAX	$	5,429	$	1,061	$	155	$	(913	)	$	5,732
Net properties and equipment	$	18,598	$	5,731	$	1,140	$	1,982		$	27,451
Capital expenditures	$	3,779	$	956	$	458	$	107		$	5,300
Goodwill	$	4,343	$	416	$	30	$	—		$	4,789



millions	Exploration & Production			WES Midstream		Other Midstream		Other and Intersegment Eliminations			Total
2016
Sales revenues	$	7,146		$	1,055	$	146	$	100		$	8,447
Intersegment revenues	7			712		185		(904		)	—
Other ⁽¹⁾	(5		)	114		19		51			179
Total revenues and other ⁽²⁾	7,148			1,881		350		(753		)	8,626
Operating costs and expenses ⁽³⁾	3,518			853		228		5			4,604
Net cash from settlement of commodity derivatives	—			—		—		(265		)	(265		)
Other (income) expense, net ⁽⁴⁾	—			—		—		(43		)	(43		)
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—			—		—		263			263
Total expenses and other	3,518			853		228		(40		)	4,559
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		—		8			8
Adjusted EBITDAX	$	3,630		$	1,028	$	122	$	(705	)	$	4,075
Net properties and equipment	$	24,251		$	5,050	$	885	$	1,982		$	32,168
Capital expenditures	$	2,685		$	491	$	59	$	79		$	3,314
Goodwill	$	4,550		$	418	$	32	$	—		$	5,000
2015
Sales revenues	$	8,250		$	958	$	195	$	83		$	9,486
Intersegment revenues	10			659		172		(841		)	—
Other ⁽¹⁾	40			109		16		69			234
Total revenues and other ⁽²⁾	8,300			1,726		383		(689		)	9,720
Operating costs and expenses ⁽³⁾	3,778			818		282		233			5,111
Net cash from settlement of commodity derivatives	—			—		—		(335		)	(335		)
Other (income) expense, net ⁽⁴⁾	—			—		—		127			127
Net income (loss) attributable to noncontrolling interests⁽¹⁾	—			—		—		(120		)	(120		)
Total expenses and other	3,778			818		282		(95		)	4,783
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		—		(1		)	(1		)
Adjusted EBITDAX	$	4,522		$	908	$	101	$	(595	)	$	4,936
Net properties and equipment	$	25,742		$	4,859	$	1,038	$	2,112		$	33,751
Capital expenditures	$	5,029		$	525	$	245	$	89		$	5,888
Goodwill	$	4,945		$	388	$	62	$	—		$	5,395

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⁽¹⁾	Presentation has been adjusted to align with the current analysis of segment performance. Net income (loss) attributable to noncontrolling interests, previously reported within the Midstream segment, is now presented within Other and Intersegment Eliminations. Other revenues, previously reported within Other and Intersegment Eliminations, is now presented within the applicable segments.


⁽²⁾	Total revenues and other excludes gains (losses) on divestitures, net since these gains and losses are excluded from Adjusted EBITDAX.


⁽³⁾	Operating costs and expenses excludes exploration expense, DD&A, impairments, restructuring charges, and certain other operating expenses since these expenses are excluded from Adjusted EBITDAX.


⁽⁴⁾	Other (income) expense, net excludes certain other nonoperating items since these items are excluded from Adjusted EBITDAX.

Schedule of Sales Revenues by Geographic Areas

The following represents Anadarko’s sales revenues (based on the origin of the sales) and net properties and equipment by geographic area:



	Years Ended December 31,
millions	2017		2016		2015
Sales Revenues
United States	$	9,176	$	7,049	$	7,819
Algeria	1,249		1,103		1,189
Other International	544		295		478
Total sales revenues	$	10,969	$	8,447	$	9,486

Schedule of Net Properties and Equipment by Geographic Areas



	December 31,
millions	2017		2016
Net Properties and Equipment
United States	$	24,382	$	28,024
Algeria	965		1,117
Other International ⁽¹⁾	2,104		3,027
Total net properties and equipment	$	27,451	$	32,168