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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (43) $ (10,144)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Discontinued operations, net 442 1,415
Depreciation, depletion and amortization of assets 4,565 4,428
Deferred income tax benefit (212) (1,743)
Asset impairments and other charges 156 8,220
Gains on sales of equity investments and other assets, net (114) (22)
Other noncash reconciling items 51 (83)
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (1,179) 3,999
Decrease in inventory 58 41
(Increase) decrease in other current assets (105) 192
Increase (decrease) in accounts payable and accrued liabilities 475 (4,708)
Increase in current domestic and international income taxes 18 65
Operating cash flow from continuing operations 4,112 1,660
Operating cash flow from discontinued operations, net of taxes 112 39
Net cash provided by operating activities 4,224 1,699
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (1,277) (1,675)
Change in capital accrual (94) (742)
Purchases of businesses and assets, net (113) (48)
Proceeds from sales of equity investments and other assets, net 503 181
Equity investments and other, net (27) 203
Investing cash flow from continuing operations (1,008) (2,081)
Investing cash flow from discontinued operations (28) (25)
Net cash used by investing activities (1,036) (2,106)
CASH FLOW FROM FINANCING ACTIVITIES    
Payments of long-term debt (174) 0
Proceeds from issuance of common stock 11 108
Cash dividends paid on common and preferred stock (420) (1,627)
Financing portion of net cash received (paid) for derivative instruments 2  
Financing portion of net cash received (paid) for derivative instruments   (367)
Other financing, net (30) (64)
Financing cash flow from continuing operations (611) (1,950)
Financing cash flow from discontinued operations (5) (4)
Net cash used by financing activities (616) (1,954)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 2,572 (2,361)
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 2,194 3,574
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 4,766 $ 1,213