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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,033 $ 220
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 1,196 283
Deferred income tax expense 128 17
Loss on sale of assets 1 0
Loss on derivative instruments 613 302
Net cash paid in settlement of derivative instruments (723) (61)
Amortization of premium and debt issuance costs (35) 2
Gain on debt extinguishment (26) 0
Stock-based compensation and other 62 24
Changes in assets and liabilities:    
Accounts receivable, net (382) (70)
Income taxes (99) (49)
Inventories (26) 2
Other current assets (4) (2)
Accounts payable and accrued liabilities 194 64
Interest payable (10) (13)
Other assets and liabilities 50 (3)
Net cash provided by operating activities 3,972 716
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,205) (459)
Proceeds from sale of assets 22 0
Net cash used in investing activities (1,183) (459)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 0 100
Repayments of debt (830) (288)
Repayments of finance leases (4) 0
Treasury stock repurchases (740) 0
Dividends paid (1,459) (128)
Cash received for stock option exercises 11 0
Cash paid for conversion of redeemable preferred stock (10) 0
Tax withholdings on vesting of stock awards (15) (6)
Net cash used in financing activities (3,047) (322)
Net decrease in cash, cash equivalents and restricted cash (258) (65)
Cash, cash equivalents and restricted cash, beginning of period 1,046 152
Cash, cash equivalents and restricted cash, end of period $ 788 $ 87