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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) $ (308) $ 228 $ (502)
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:      
Depreciation, depletion and amortization 2,264 1,737 1,697
Deferred income tax expense (benefit) (305) (10) 11
Derivative (gains) losses, net (3) 26 (409)
Cash receipts (payments) on derivative settlements, net 202 (345) (18)
Stock-based compensation 30 32 49
(Gains) losses on sales of assets (43) 264 (476)
Impairments 11 131 814
Exploration 49 96 214
(Gains) losses on investments 63 (139) 0
Gains on purchases or exchanges of debt (79) (263) (235)
Other (4) (118) (132)
(Increase) decrease in accounts receivable and other assets 376 16 (163)
(Decrease) increase in accounts payable, accrued liabilities and other (630) 75 (375)
Net Cash Provided By Operating Activities 1,623 1,730 475
CASH FLOWS FROM INVESTING ACTIVITIES:      
Drilling and completion costs (2,180) (1,848) (2,113)
Business combination, net (353) 0 0
Acquisitions of proved and unproved properties (35) (128) (88)
Proceeds from divestitures of proved and unproved properties 130 2,231 1,249
Additions to other property and equipment (48) (21) (21)
Proceeds from sales of other property and equipment 6 147 55
Proceeds from sales of investments 0 74 0
Net Cash Provided By (Used In) Investing Activities (2,480) 455 (918)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving credit facility borrowings 10,676 11,697 7,771
Payments on revolving credit facility borrowings (10,180) (12,059) (6,990)
Proceeds from issuance of senior notes, net 108   1,585
Proceeds from issuance of term loan, net 1,455 0 0
Cash paid to purchase debt (1,073) (2,813) (2,592)
Extinguishment of other financing 0 (122) 0
Cash paid for preferred stock dividends (91) (92) (183)
Distributions to noncontrolling interest owners (4) (6) (8)
Other (32) (27) (17)
Net Cash Provided By (Used In) Financing Activities 859 (2,186) (434)
Net increase (decrease) in cash and cash equivalents 2 (1) (877)
Cash and cash equivalents, beginning of period 4 5 882
Cash and cash equivalents, end of period 6 4 5
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid, net of capitalized interest 691 664 667
Income taxes paid, net of refunds received (6) (3) (16)
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Common stock issued for business combination 2,037 0 0
Debt exchanged for common stock 693 0 0
Preferred stock exchanged for common stock 40 0 0
Change in senior notes exchanged 971 0 0
Acquisition of other property and equipment including assets under finance lease 0 27 0
Change In Accrued Drilling And Completion Costs      
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Change in accrued drilling and completion costs $ (19) $ 174 $ 14