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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ (1,230) $ (3,362) $ 900
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 572 917 903
Deferred tax provision (benefit) 13 (1,602) 509
Stock-based compensation 22 25 28
Unrealized (gain) loss on derivative contracts 392 246 (649)
Gain on sale of Malaysia business 0 0 (373)
Ceiling test and other impairments 1,028 4,904 0
Other, net 13 43 21
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable 22 83 47
Increase (decrease) in accounts payable and accrued liabilities (3) (45) 21
Other items, net (3) 0 (20)
Net cash provided by (used in) operating activities 826 1,209 1,387
Cash flows from investing activities:      
Additions to oil and gas properties (868) (1,607) (2,064)
Acquisitions of oil and gas properties (486) (125) (33)
Proceeds from sales of oil and gas properties 405 90 620
Proceeds received from sale of Malaysia business, net 0 0 809
Additions to other property and equipment (17) (13) (31)
Redemptions of investments 0 0 39
Proceeds from insurance settlement, net 0 57 0
Purchases of investments (25) 0 0
Net cash provided by (used in) investing activities (991) (1,598) (660)
Cash flows from financing activities:      
Proceeds from borrowings under credit arrangements 536 1,908 2,949
Repayments of borrowings under credit arrangements (575) (2,315) (3,152)
Proceeds from issuance of senior notes 0 691 0
Repayment of senior subordinated notes 0 (700) (600)
Debt issue costs 0 (8) 0
Proceeds from issuances of common stock, net 779 819 6
Purchases of treasury stock, net (22) (12) (11)
Other (3) (3) 0
Net cash provided by (used in) financing activities 715 380 (808)
Increase (decrease) in cash and cash equivalents 550 (9) (81)
Cash and cash equivalents, beginning of period 5 14 95
Cash and cash equivalents, end of period $ 555 $ 5 $ 14