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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 147 $ (1,184) $ 539
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 930 955 767
Deferred Income Tax Expense (Benefit), Continuing and Discontinuing Operations 143 1 208
Stock-based compensation 43 35 29
Commodity derivative income 97 (120) (195)
Cash receipts on derivative settlements, net 60 135 195
Ceiling test impairment 0 1,488 0
Other non-cash charges 14 19 6
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (62) (70) (24)
(Increase) decrease in inventories (11) (35) (16)
(Increase) decrease in other current assets 12 5 (12)
(Increase) decrease in other assets 6 7 (7)
Increase (decrease) in accounts payable and accrued liabilities 74 (77) 120
Increase (decrease) in advances from joint owners (1) (14) (6)
Increase (decrease) in other liabilities (7) 2 (15)
Net cash provided by operating activities 1,445 1,147 1,589
Cash flows from investing activities:      
Additions to oil and gas properties (1,987) (1,758) (2,311)
Acquisitions of oil and gas properties (72) (9) (304)
Proceeds from sales of oil and gas properties 36 630 406
Additions to furniture, fixtures and equipment (36) (22) (29)
Redemptions of investments 1 0 2
Net cash used in investing activities (2,058) (1,159) (2,236)
Cash flows from financing activities:      
Proceeds from borrowings under credit arrangements 3,263 2,844 3,958
Repayments of borrowings under credit arrangements (2,614) (2,930) (4,007)
Proceeds from issuance of senior notes 0 1,000 750
Debt issue costs (4) (10) (16)
Repayment of senior subordinated notes 0 (875) 0
Proceeds from issuances of common stock 1 2 13
Payments for Repurchase of Preferred Stock and Preference Stock (20) 0 0
Purchases of treasury stock, net (6) (7) (14)
Net cash provided by (used in) financing activities 620 24 684
Increase (decrease) in cash and cash equivalents 7 12 37
Cash and cash equivalents, beginning of period 88 76 39
Cash and cash equivalents, end of period $ 95 $ 88 $ 76