| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
CASH FLOW FROM OPERATING ACTIVITIES | ||||||
Net income (loss) | ||||||
99 | 429 | -262 | 279 | -3,554 | -1,434 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation, depletion and amortization | ||||||
471 | 502 | 544 | 559 | 1,004 | 1,198 | |
Asset impairments | ||||||
- | - | - | - | 4,852 | 3,402 | |
Deferred income tax benefit | ||||||
- | - | - | -78 | -2,258 | -1,152 | |
Gain (Loss) on Derivative Instruments, Net, Pretax | ||||||
-59 | 1 | -90 | -206 | 133 | -5 | |
Net proceeds (payments) on settled commodity derivatives | ||||||
111 | -228 | -7 | 77 | 81 | -2 | |
Net gain on early extinguishment of debt | ||||||
126 | 57 | 4 | 805 | 20 | - | |
Amortization of deferred gain | ||||||
70 | 76 | 74 | 71 | 3 | - | |
Gain (Loss) on Disposition of Assets | ||||||
0 | 5 | 21 | 30 | - | - | |
Other non-cash tax provision | ||||||
- | - | - | - | 310 | - | |
Other non-cash charges to income, net | ||||||
-131 | -97 | -77 | -101 | -210 | 113 | |
Dry hole expenses | ||||||
7 | 16 | 2 | 3 | 9 | 101 | |
Changes in operating assets and liabilities, net: | ||||||
Decrease (increase) in trade receivables | ||||||
-22 | 23 | 45 | 33 | -99 | -146 | |
(Increase) decrease in inventories | ||||||
0 | 6 | -2 | - | - | -2 | |
Increase in other current assets | ||||||
1 | 9 | 2 | -25 | -18 | 133 | |
Decrease in accounts payable and accrued liabilities | ||||||
-27 | -178 | -52 | -103 | -212 | 125 | |
Net cash provided by operating activities | ||||||
676 | 461 | 248 | 130 | 403 | 2,371 | |
CASH FLOW FROM INVESTING ACTIVITIES | ||||||
Capital investments | ||||||
455 | 690 | 371 | 75 | 401 | 2,089 | |
Changes in capital investment accruals | ||||||
85 | -69 | -27 | 6 | 205 | -69 | |
Proceeds from Sale of Productive Assets | ||||||
164 | 18 | 33 | 20 | - | - | |
Purchase of Assets, Net | ||||||
6 | 547 | 0 | - | 151 | 292 | |
Other | ||||||
12 | 6 | 2 | - | - | - | |
Net cash used in investing activities | ||||||
-394 | -1,156 | -313 | -61 | -757 | -2,312 | |
CASH FLOW FROM FINANCING ACTIVITIES | ||||||
Proceeds from 2014 Revolving Credit Facility | ||||||
2,330 | 2,823 | 1,696 | 2,218 | 2,035 | 515 | |
Repayments of Lines of Credit | ||||||
2,353 | 2,646 | 2,180 | 2,110 | 1,656 | 155 | |
Issuance of senior notes | ||||||
- | - | - | - | - | 5,000 | |
Proceeds from 2016 Credit Agreement | ||||||
- | - | - | 990 | - | 1,000 | |
Proceeds from 2017 Term Loan | ||||||
0 | 0 | 1,274 | - | - | - | |
Payments on 2014 Term Loan | ||||||
0 | 0 | 650 | 350 | - | - | |
Debt repurchases | ||||||
156 | 199 | 116 | 770 | 12 | - | |
Debt transaction costs | ||||||
2 | 4 | 42 | 51 | 11 | 70 | |
Proceeds from Noncontrolling Interests | ||||||
49 | 796 | 98 | - | - | - | |
Distributions paid to noncontrolling interest holders | ||||||
151 | 121 | 8 | - | - | - | |
Issuance of common stock | ||||||
4 | 54 | 3 | 4 | 8 | - | |
Shares canceled for taxes | ||||||
3 | 11 | 2 | - | - | - | |
Cash dividends paid | ||||||
- | - | - | - | 12 | - | |
Distributions to Occidental, net | ||||||
- | - | - | - | - | 335 | |
Dividends to Occidental | ||||||
- | - | - | - | - | -6,000 | |
Net cash (used) provided by financing activities | ||||||
-282 | 692 | 73 | -69 | 352 | -45 | |
(Decrease) increase in cash | ||||||
0 | -3 | 8 | - | -2 | 14 | |