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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) $ 877 $ 953 $ (4,399)
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:      
Depreciation, depletion and amortization 1,145 995 1,107
Deferred income tax expense (benefit) (10) 11 (171)
Derivative (gains) losses, net 26 (409) 739
Cash receipts (payments) on derivative settlements, net (345) (18) 448
Stock-based compensation 32 49 52
Loss on sale of oil and natural gas properties 578 0 0
Impairments 53 5 3,025
(Gains) losses on investments (139) 0 137
Gains on purchases or exchanges of debt (263) (235) (236)
Other (108) (135) (145)
(Increase) decrease in accounts receivable and other assets 16 (163) (4)
(Decrease) increase in accounts payable, accrued liabilities and other 138 (308) (757)
Net Cash Provided By (Used In) Operating Activities 2,000 745 (204)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Drilling and completion costs (1,958) (2,186) (1,295)
Acquisitions of proved and unproved properties (288) (285) (788)
Proceeds from divestitures of proved and unproved properties 2,231 1,249 1,406
Additions to other property and equipment (21) (21) (37)
Proceeds from sales of other property and equipment 147 55 131
Proceeds from sales of investments 74 0 0
Other 0 0 (77)
Net Cash Provided By (Used In) Investing Activities 185 (1,188) (660)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving credit facility borrowings 11,697 7,771 5,146
Payments on revolving credit facility borrowings (12,059) (6,990) (5,146)
Proceeds from issuance of senior notes, net 1,236 1,585 2,210
Proceeds from issuance of term loan, net 0 0 1,476
Cash paid to purchase debt (2,813) (2,592) (2,734)
Extinguishment of other financing (122) 0 0
Cash paid for preferred stock dividends (92) (183) 0
Distributions to noncontrolling interest owners (6) (8) (10)
Other (27) (17) (21)
Net Cash Provided By (Used In) Financing Activities (2,186) (434) 921
Net increase (decrease) in cash and cash equivalents (1) (877) 57
Cash and cash equivalents, beginning of period 5 882 825
Cash and cash equivalents, end of period 4 5 882
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid, net of capitalized interest 518 492 344
Income taxes paid, net of refunds received (3) (16) (27)
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Acquisition of other property and equipment including assets under capital lease 27 0 0
Debt exchanged for common stock 0 0 471
Change In Accrued Drilling And Completion Costs [Member]      
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Change in accrual 174 14 (23)
Change In Accrued Acquisitions Of Proved And Unproved Properties [Member]      
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Change in accrual 7 9 (13)
Change In Divested Proved And Unproved Properties [Member]      
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Change in accrual $ (21) $ (57) $ 52