| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income (loss) | ||||||||||||
- | - | - | - | -273 | 930 | - | - | - | - | - | - | - |
Net income | ||||||||||||
756 | 975 | 833 | -556 | - | 930 | -799 | 243 | 881 | 645 | -42 | 231 | 372 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depletion, depreciation and amortization | ||||||||||||
1,711 | 1,534 | 1,400 | 1,480 | 1,385 | 1,047 | 889 | 689 | 489 | 499 | 564 | 474 | 373 |
Impairment of oil and gas properties | ||||||||||||
0 | 77 | 285 | 32 | 1,056 | 0 | 1,495 | 0 | 354 | 0 | 21 | 89 | 26 |
Impairment of inventory and other property and equipment | ||||||||||||
38 | 11 | 2 | 8 | 86 | 8 | 62 | 6 | 3 | - | - | - | - |
Exploration expenses, including dry holes | ||||||||||||
8 | 27 | 22 | 42 | 28 | 90 | 21 | 31 | 32 | 132 | 37 | 115 | 172 |
Hurricane activity, net | ||||||||||||
- | - | - | - | - | - | - | - | - | 4 | 19 | 9 | 66 |
Deferred income taxes | ||||||||||||
236 | 274 | -519 | -379 | -178 | 552 | -224 | 284 | 181 | 259 | -72 | 131 | 117 |
Loss on disposition of assets, net | ||||||||||||
-477 | 290 | 208 | 2 | 782 | 9 | 209 | 46 | -3 | 19 | -0 | -0 | -2 |
Gain on extinguishment of debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 20 | 0 |
Accretion of discount on asset retirement obligations | ||||||||||||
10 | 14 | 19 | 18 | 12 | 12 | 12 | 8 | 7 | 7 | 8 | 7 | 6 |
Adjustment Income Loss From Discontinued Operations Net Of Tax | ||||||||||||
- | - | - | - | 4 | -251 | -633 | -520 | 265 | -77 | -38 | 87 | -55 |
Interest expense | ||||||||||||
9 | 5 | 5 | 13 | 18 | 17 | 17 | 36 | 31 | 30 | 27 | 28 | 17 |
Derivative related activity | ||||||||||||
-13 | 270 | -174 | -851 | 3 | 609 | -164 | -69 | 221 | 419 | -75 | -45 | -12 |
Amortization of stock-based compensation | ||||||||||||
100 | 85 | 79 | 89 | 90 | 84 | 71 | 63 | 41 | 39 | 37 | 34 | 35 |
Investment in affiliate valuation adjustment | ||||||||||||
15 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
South Texas contingent consideration valuation adjustment | ||||||||||||
-45 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Amortization of deferred revenue | ||||||||||||
- | - | - | - | - | - | - | -42 | -44 | -90 | -147 | -158 | -181 |
Other | ||||||||||||
105 | 658 | 85 | 70 | 45 | 34 | -6 | -47 | -3 | -25 | -30 | 61 | 3 |
Change in operating assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
227 | 52 | 120 | 141 | -54 | 29 | 123 | 28 | 47 | -36 | -16 | -45 | 96 |
Income taxes receivable | ||||||||||||
- | - | - | -40 | 20 | 18 | -3 | 6 | -29 | 5 | -36 | 20 | 15 |
Inventories | ||||||||||||
20 | 70 | 35 | 32 | -8 | 37 | 39 | -33 | 137 | 26 | 46 | 82 | 10 |
Prepaid expenses | ||||||||||||
- | - | - | - | - | - | 1 | -1 | 3 | 3 | 3 | 3 | -0 |
Derivatives | ||||||||||||
- | - | - | 24 | 0 | 0 | - | - | - | - | - | - | - |
Investments | ||||||||||||
- | - | - | 21 | 0 | 0 | - | - | - | - | - | - | - |
Other assets | ||||||||||||
33 | -3 | 3 | 3 | 0 | 2 | -4 | -14 | -1 | 14 | -87 | 11 | 2 |
Accounts payable | ||||||||||||
-7 | 321 | 134 | 58 | -258 | 104 | 209 | 46 | 136 | 128 | -65 | 65 | 30 |
Interest payable | ||||||||||||
0 | -5 | -9 | 3 | 25 | -22 | -6 | 11 | -1 | 11 | 3 | 1 | 11 |
Income taxes payable | ||||||||||||
- | - | - | - | - | 1 | 0 | -10 | -7 | 4 | 13 | -9 | -0 |
Other liabilities | ||||||||||||
-91 | -55 | -45 | -46 | -34 | -38 | -27 | -38 | 61 | -40 | -97 | -89 | -109 |
Net cash provided by operating activities | ||||||||||||
3,115 | 3,242 | 2,099 | 1,500 | 1,255 | 2,366 | 2,146 | 1,837 | 1,529 | 1,285 | 543 | 1,033 | 773 |
Cash flows from investing activities: | ||||||||||||
Proceeds from disposition of assets, net of cash sold | ||||||||||||
149 | 469 | 352 | 507 | 553 | 877 | 711 | 96 | 819 | 313 | 51 | 292 | 420 |
Payments for acquisitions | ||||||||||||
- | - | - | 428 | 0 | - | -25 | 0 | 89 | 72 | - | - | - |
Payments for acquisitions | ||||||||||||
- | - | - | - | - | 0 | - | 297 | 0 | 0 | - | - | - |
Proceeds from investments | ||||||||||||
624 | 1,373 | 1,467 | 905 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of investments | ||||||||||||
0 | 669 | 904 | 2,741 | 0 | 0 | - | - | - | - | - | - | - |
Additions to oil and gas properties | ||||||||||||
2,988 | 3,520 | 2,365 | 1,857 | 2,110 | 3,243 | 2,639 | 2,758 | 1,926 | 1,011 | 437 | 1,403 | 2,067 |
Additions to other assets and other property and equipment | ||||||||||||
232 | 263 | 342 | 207 | 283 | 333 | 237 | 297 | 363 | 184 | 25 | 41 | 136 |
Net cash used in investing activities | ||||||||||||
-2,447 | -2,610 | -1,792 | -3,821 | -1,840 | -2,699 | -2,140 | -3,256 | -1,560 | -954 | -410 | -1,151 | -1,782 |
Cash flows from financing activities: | ||||||||||||
Borrowings of long-term debt | ||||||||||||
- | - | - | - | 998 | 523 | 467 | 1,777 | 196 | 292 | 1,015 | 1,032 | 2,030 |
Principal payments on long-term debt | ||||||||||||
0 | 450 | 485 | 455 | 0 | 523 | 1,547 | 612 | 294 | 475 | 1,175 | 807 | 778 |
Payments of other liabilities | ||||||||||||
-14 | -23 | 0 | 0 | - | - | -4 | -1 | -0 | -21 | 0 | 7 | 0 |
Proceeds from issuance of common stock, net of issuance costs | ||||||||||||
- | - | - | 2,534 | 0 | 980 | 1,281 | 0 | 484 | 0 | - | - | - |
Proceeds from issuance of partnership common units, net of issuance costs | ||||||||||||
- | - | - | - | - | - | - | - | 122 | 0 | 60 | 165 | 0 |
Contributions from noncontrolling interests | ||||||||||||
- | - | - | - | - | - | - | - | - | 1 | 0 | - | - |
Distributions to noncontrolling interests | ||||||||||||
- | - | - | - | 1 | 1 | 36 | 36 | 26 | 26 | 20 | 8 | -2 |
Exercise of long-term incentive plan stock options and employee stock purchases | ||||||||||||
6 | 8 | 6 | 7 | 6 | 13 | 10 | 7 | 3 | 7 | 8 | 8 | 13 |
Purchases of treasury stock | ||||||||||||
653 | 179 | 36 | 25 | 31 | 34 | 20 | 63 | 40 | 14 | 21 | 181 | 221 |
Excess tax benefits from share-based payment arrangements | ||||||||||||
- | - | - | - | - | 19 | 18 | 58 | 31 | -0 | 0 | 0 | 3 |
Payments of financing fees | ||||||||||||
0 | 4 | 0 | 0 | 9 | 0 | 0 | 9 | 8 | 0 | 12 | 12 | 4 |
Dividends paid | ||||||||||||
127 | 55 | 14 | 13 | 12 | 12 | 11 | 10 | 9 | 9 | 9 | 35 | 32 |
Net cash provided by (used in) financing activities | ||||||||||||
-788 | -703 | -529 | 2,048 | 951 | 965 | 158 | 1,111 | 457 | -246 | -153 | 153 | 1,013 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||||
-120 | -71 | -222 | -273 | 366 | 632 | 164 | -308 | 426 | 83 | -20 | 36 | 3 |