Pioneer Natural Resources Company(NYSE:PXD) 
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Permian Basin in West Texas. As of December 31, 2020, ...
Website: http://www.pxd.com
Founded: 1997
Full Time Employees: 2,323
Sector: Energy
Industry: Oil & Gas E&P
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At a glance:
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Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-03-31 | 2017-06-30 | 2016-09-30 | 2015-12-31 | 2012-12-31 | 2012-03-31 | 2011-06-30 | 2010-09-30 | 2009-12-31 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 |
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revenues and other income: | |||||||||||||||||||||||||||||||||||||||
oil and gas | 3,287,000,000 | 3,386,000,000 | 3,460,000,000 | 2,977,000,000 | 3,166,000,000 | 3,516,000,000 | 4,224,000,000 | 4,639,000,000 | 3,930,000,000 | 3,716,000,000 | 3,282,000,000 | 2,682,000,000 | 1,824,000,000 | 1,013,000,000 | 922,000,000 | 600,000,000 | 1,095,000,000 | 1,349,000,000 | 1,235,000,000 | 1,196,000,000 | 1,135,000,000 | 3,725,000,000 | 1,266,000,000 | 768,000,000 | 643,000,000 | 2,092,704,000 | 718,956,000 | 583,931,000 | 471,372,000 | 1,236,147,000 | 373,837,000 | 453,415,000 | 612,200,000 | 653,309,000 | 558,476,000 | 508,628,000 | 458,898,000 | 458,032,000 | |
sales of purchased commodities | 1,616,000,000 | 1,690,000,000 | 1,681,000,000 | 1,583,000,000 | 1,431,000,000 | 1,658,000,000 | 1,833,000,000 | 2,366,000,000 | 2,217,000,000 | 1,860,000,000 | 1,679,000,000 | 1,587,000,000 | 1,240,000,000 | ||||||||||||||||||||||||||
interest and other income | 28,000,000 | -20,000,000 | 52,000,000 | 43,000,000 | -37,000,000 | 62,000,000 | -12,000,000 | -56,000,000 | 126,000,000 | -19,000,000 | 2,000,000 | -20,000,000 | 60,000,000 | 78,000,000 | 13,000,000 | 48,000,000 | -206,000,000 | -10,500,000 | -222,000,000 | -11,000,000 | |||||||||||||||||||
derivative loss | -122,000,000 | -1,000,000 | -44,000,000 | -65,000,000 | -135,000,000 | -506,000,000 | -501,000,000 | -13,000,000 | |||||||||||||||||||||||||||||||
gain on disposition of assets | 2,000,000 | 1,000,000 | 1,000,000 | -3,000,000 | 25,000,000 | 1,000,000 | 35,000,000 | 36,000,000 | 34,000,000 | -1,081,000,000 | 1,000,000 | 2,000,000 | 11,000,000 | 2,000,000 | 2,000,000 | 6,000,000 | 20,000,000 | -488,000,000 | -9,000,000 | 286,000,000 | 4,000,000 | 194,000,000 | 1,000,000 | 14,491,000 | 43,596,000 | -296,000 | 2,383,000 | -28,750 | -115,000 | -5,168,000 | 190,000 | 3,901,000 | 678,000 | -1,340,000 | 558,000 | ||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||
oil and gas production | 598,000,000 | 536,000,000 | 564,000,000 | 487,000,000 | 455,000,000 | 465,000,000 | 562,000,000 | 478,000,000 | 416,000,000 | 377,000,000 | 323,000,000 | 316,000,000 | 252,000,000 | 176,000,000 | 163,000,000 | 167,000,000 | 176,000,000 | 207,000,000 | 227,000,000 | 219,000,000 | 221,000,000 | 642,000,000 | 213,000,000 | 147,000,000 | 141,000,000 | 497,323,000 | 138,321,000 | 102,455,000 | 104,339,000 | 267,357,000 | 112,969,000 | 162,264,000 | 155,761,000 | 144,528,000 | 132,647,000 | 112,320,000 | 113,554,000 | 120,417,000 | |
production and ad valorem taxes | 206,000,000 | 187,000,000 | 205,000,000 | 185,000,000 | 208,000,000 | 210,000,000 | 260,000,000 | 271,000,000 | 224,000,000 | 206,000,000 | 179,000,000 | 153,000,000 | 113,000,000 | 60,000,000 | 63,000,000 | 47,000,000 | 75,000,000 | 76,000,000 | 86,000,000 | 69,000,000 | 68,000,000 | 208,000,000 | 76,000,000 | 51,000,000 | 32,000,000 | 141,961,000 | 45,796,000 | 35,864,000 | 33,045,000 | 70,613,000 | 27,758,000 | ||||||||
depletion, depreciation and amortization | 774,000,000 | 775,000,000 | 728,000,000 | 695,000,000 | 664,000,000 | 656,000,000 | 641,000,000 | 620,000,000 | 614,000,000 | 673,000,000 | 704,000,000 | 648,000,000 | 474,000,000 | 396,000,000 | 393,000,000 | 416,000,000 | 434,000,000 | 440,000,000 | 438,000,000 | 412,000,000 | 421,000,000 | 1,177,000,000 | 357,000,000 | 341,000,000 | 386,000,000 | 628,773,000 | 181,418,000 | 153,898,000 | 152,838,000 | 459,003,000 | 192,557,000 | 160,027,000 | 127,467,000 | 114,679,000 | 109,627,000 | 106,473,000 | 113,879,000 | 103,979,000 | |
purchased commodities | 1,648,000,000 | 1,796,000,000 | 1,662,000,000 | 1,642,000,000 | 1,485,000,000 | 1,733,000,000 | 1,968,000,000 | 2,382,000,000 | 2,152,000,000 | 1,916,000,000 | 1,762,000,000 | 1,627,000,000 | 1,255,000,000 | ||||||||||||||||||||||||||
exploration and abandonments | 20,000,000 | 24,000,000 | 18,000,000 | 23,000,000 | 15,000,000 | 9,000,000 | 8,000,000 | 11,000,000 | 14,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 19,000,000 | 12,000,000 | 16,000,000 | 10,000,000 | 9,000,000 | 12,000,000 | 11,000,000 | 15,000,000 | 20,000,000 | 79,000,000 | 35,000,000 | 26,000,000 | 19,000,000 | 153,004,000 | 53,287,000 | 19,914,000 | 22,963,000 | 66,615,000 | 31,431,000 | 55,659,000 | 111,075,000 | 30,088,000 | 38,677,000 | 109,157,000 | 34,498,000 | 69,790,000 | |
general and administrative | 92,000,000 | 202,000,000 | 87,000,000 | 88,000,000 | 84,000,000 | 82,000,000 | 90,000,000 | 88,000,000 | 73,000,000 | 76,000,000 | 72,000,000 | 75,000,000 | 68,000,000 | 64,000,000 | 64,000,000 | 60,000,000 | 56,000,000 | 78,000,000 | 72,000,000 | 80,000,000 | 94,000,000 | 291,000,000 | 90,000,000 | 81,000,000 | 82,000,000 | 185,215,000 | 63,067,000 | 44,644,000 | 44,759,000 | 105,684,000 | 34,639,000 | 38,154,000 | 31,617,000 | 35,548,000 | 36,481,000 | 35,296,000 | 32,330,000 | 30,811,000 | |
accretion of discount on asset retirement obligations | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 10,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 7,457,000 | 2,430,000 | 2,658,000 | 2,626,000 | 8,038,000 | 2,974,000 | 2,218,000 | 2,180,000 | 2,160,000 | 2,142,000 | 1,975,000 | 1,702,000 | 2,146,000 | |
interest | 40,000,000 | 39,000,000 | 44,000,000 | 41,000,000 | 28,000,000 | 28,000,000 | 30,000,000 | 33,000,000 | 37,000,000 | 39,000,000 | 41,000,000 | 41,000,000 | 39,000,000 | 35,000,000 | 34,000,000 | 33,000,000 | 27,000,000 | 33,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | 90,000,000 | 36,000,000 | 35,000,000 | 50,000,000 | 157,364,000 | 46,858,000 | 45,768,000 | 45,002,000 | 132,223,000 | 41,138,000 | 40,177,000 | 37,689,000 | 38,281,000 | 37,453,000 | 40,868,000 | 35,476,000 | 30,502,000 | |
other | 24,000,000 | 38,000,000 | 25,000,000 | 27,000,000 | 41,000,000 | 55,000,000 | 36,000,000 | 5,000,000 | 77,000,000 | 26,000,000 | 34,000,000 | 47,000,000 | 304,000,000 | 48,000,000 | 98,000,000 | 90,000,000 | 85,000,000 | 58,000,000 | 32,000,000 | 211,000,000 | 147,000,000 | 792,000,000 | 57,000,000 | 59,000,000 | 69,000,000 | 89,781,000 | 23,607,000 | 14,388,000 | 20,927,000 | 73,622,000 | 31,389,000 | 68,301,000 | 38,926,000 | 8,986,000 | 11,626,000 | 8,422,000 | 7,513,000 | 10,195,000 | |
income before income taxes | 1,404,000,000 | 1,616,000,000 | 1,667,000,000 | 1,407,000,000 | 1,557,000,000 | 1,868,000,000 | 2,494,000,000 | 3,028,000,000 | 2,561,000,000 | 991,000,000 | 1,336,000,000 | 500,000,000 | -81,000,000 | -73,000,000 | -16,000,000 | -538,000,000 | 365,000,000 | 448,000,000 | 303,000,000 | -216,000,000 | 453,000,000 | 1,023,000,000 | 228,000,000 | 354,000,000 | |||||||||||||||
income tax provision | -309,000,000 | -347,000,000 | -366,000,000 | -305,000,000 | -335,000,000 | -429,750,000 | -510,000,000 | -657,000,000 | -76,000,000 | -31,750,000 | -72,000,000 | -103,000,000 | -144,696,000 | -56,979,750 | -14,895,000 | -125,758,000 | -87,267,000 | -23,045,250 | -60,948,000 | -16,284,000 | |||||||||||||||||||
net income attributable to common shareholders | 1,095,000,000 | 1,269,000,000 | 1,301,000,000 | ||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||
basic | 4.68 | 5.42 | 5.56 | 4.71 | 5.19 | 6.25 | 8.29 | 9.78 | 8.25 | 3.18 | 4.27 | 1.62 | 2.06 | 1.38 | |||||||||||||||||||||||||
diluted | 4.57 | 5.25 | 5.41 | 4.55 | 5 | 6.02 | 7.93 | 9.3 | 7.85 | 3.01 | 4.07 | 1.54 | 2.06 | 1.38 | |||||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||
basic | 234 | 234 | 233 | 234 | 235 | 240 | 239 | 242 | 243 | 233 | 244 | 234 | 165 | 168 | 169 | 170 | 170 | 122,966 | 122,480 | 116,213 | 115,191 | 114,176 | 114,242 | 117.5 | 118,110 | 118,363 | 117,934 | 120.2 | 120,323 | 121,226 | |||||||||
diluted | 239 | 242 | 240 | 242 | 244 | 252 | 250 | 254 | 256 | 246 | 257 | 247 | 165 | 168 | 169 | 171 | 170 | 126,320 | 126,247 | 118,592 | 116,021 | 114,176 | 114,242 | 118.6 | 118,110 | 120,047 | 119,092 | 121.7 | 121,805 | 122,776 | |||||||||
dividends declared per share | 2.56 | 3.2 | 1.84 | 3.34 | 5.58 | 5.71 | 8.57 | 7.38 | 3.78 | 3.64 | 2.07 | 0.56 | 0.56 | 0.413 | 0.55 | 0.55 | 0.55 | 0.19 | 0.44 | 0.32 | 0.04 | 0.16 | 0.04 | 0.01 | 0.04 | 0.04 | 0.01 | 0.04 | 0.16 | 0.14 | 0.14 | ||||||||
derivative gain | -58,750,000 | -190,000,000 | -46,750,000 | 13,000,000 | -832,000,000 | -691,000,000 | -341,000,000 | -57,000,000 | -336,000,000 | 453,000,000 | -116,000,000 | 121,000,000 | 43,000,000 | ||||||||||||||||||||||||||
net income attributable to common stockholders | 1,102,000,000 | 1,222,000,000 | 1,481,000,000 | 1,984,000,000 | 2,371,000,000 | 2,009,000,000 | 763,000,000 | 1,045,000,000 | 380,000,000 | -70,000,000 | -30,000,000 | -20,000,000 | -439,000,000 | 289,000,000 | 344,000,000 | 231,000,000 | -169,000,000 | 350,000,000 | 800,000,000 | 178,000,000 | 233,000,000 | 22,000,000 | -22,334,000 | 214,619,000 | 245,577,000 | 112,036,000 | -37,500,000 | -14,606,000 | |||||||||||
income tax benefit | -552,000,000 | -228,000,000 | -291,000,000 | -120,000,000 | 11,000,000 | 43,000,000 | -4,000,000 | 99,000,000 | 47,000,000 | -226,000,000 | -50,000,000 | -121,000,000 | 78,000,000 | -29,425,750 | -117,703,000 | -76,661,000 | 46,845,000 | 1,263,000 | |||||||||||||||||||||
basic and diluted net income per share attributable to common stockholders | -0.33 | -0.258 | -0.12 | -2.66 | 1.74 | -1.01 | 2.06 | 0.26 | 1.04 | 1.36 | |||||||||||||||||||||||||||||
basic and diluted weighted-average shares outstanding | 210 | 165 | 165 | 166 | 167 | 167 | 171 | 170 | |||||||||||||||||||||||||||||||
sales of purchased oil and gas | 597,750,000 | 935,000,000 | 541,000,000 | 915,000,000 | 1,292,000,000 | 1,171,000,000 | 1,183,000,000 | 1,109,000,000 | 3,318,000,000 | 1,070,000,000 | 517,000,000 | 444,000,000 | |||||||||||||||||||||||||||
purchased oil and gas | 649,500,000 | 998,000,000 | 572,000,000 | 1,028,000,000 | 1,288,000,000 | 1,125,000,000 | 1,102,000,000 | 957,000,000 | 2,876,000,000 | 1,054,000,000 | 531,000,000 | 458,000,000 | |||||||||||||||||||||||||||
loss on disposition of assets | -1,802,000 | ||||||||||||||||||||||||||||||||||||||
impairment of oil and gas properties | 21,091,000 | 14,547,000 | 89,753,000 | ||||||||||||||||||||||||||||||||||||
net income | 344,000,000 | 231,000,000 | -169,000,000 | 0.13 | 21,864,000 | 220,958,000 | 265,700,000 | 114,574,000 | -31,454,000 | -10,813,000 | -65,430,000 | -3,038,000 | 158,829,000 | 129,740,000 | 204,700,000 | 101,927,000 | 36,480,000 | ||||||||||||||||||||||
yoy | -100.00% | -169.51% | -2143.45% | -506.08% | -3871.36% | -119.80% | -108.33% | -131.96% | -102.98% | 335.39% | |||||||||||||||||||||||||||||
qoq | 48.92% | -236.69% | -90.10% | -16.84% | 131.90% | -464.26% | 190.89% | -83.47% | 2053.72% | -101.91% | 22.42% | -36.62% | 100.83% | 179.41% | |||||||||||||||||||||||||
net income attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||
interest and other | 191,000,000 | 20,000,000 | 18,000,000 | 16,000,000 | 7,000,000 | -138,000 | 28,448,000 | 18,454,000 | 11,864,000 | 91,646,000 | 10,660,000 | 24,408,000 | 3,389,000 | 8,479,000 | 25,024,000 | 23,549,000 | 30,991,000 | 27,690,000 | |||||||||||||||||||||
derivative gains | -52,000,000 | -208,000,000 | 135,000,000 | 91,000,000 | 238,501,000 | 91,750,000 | 127,581,000 | 24,965,750 | 99,863,000 | ||||||||||||||||||||||||||||||
income from continuing operations before income taxes | -56,000,000 | -47,909,000 | 327,966,000 | 411,980,000 | 190,153,000 | -168,379,000 | -12,076,000 | -84,704,000 | 12,348,000 | 283,791,000 | 215,067,000 | 62,451,750 | 153,967,000 | 51,189,000 | |||||||||||||||||||||||||
income from continuing operations | 22,000,000 | -22,590,000 | 210,263,000 | 267,284,000 | 113,492,000 | -121,534,000 | -10,813,000 | -62,385,000 | -2,547,000 | 158,033,000 | 127,800,000 | 39,406,500 | 93,019,000 | 34,905,000 | |||||||||||||||||||||||||
income from discontinued operations, net of tax | 44,454,000 | 10,695,000 | -1,584,000 | 1,082,000 | -3,045,000 | -491,000 | 796,000 | 1,940,000 | 120,326,000 | 8,908,000 | 1,575,000 | ||||||||||||||||||||||||||||
basic earnings per share attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||
income from discontinued operations | |||||||||||||||||||||||||||||||||||||||
diluted earnings per share attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||
hurricane activity | -2,000 | 3,452,000 | 16,938,000 | 375,000 | 9,800,000 | 541,000 | 1,401,000 | 458,000 | 642,000 | 110,000 | 47,000,000 | ||||||||||||||||||||||||||||
net (income) loss attributable to the noncontrolling interests | -1,584,750 | -6,339,000 | |||||||||||||||||||||||||||||||||||||
basic earnings per share: | |||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to common stockholders | -0.55 | 1.65 | 2.08 | 0.94 | -1.12 | -0.13 | |||||||||||||||||||||||||||||||||
income from discontinued operations attributable to common stockholders | 0.36 | 0.08 | -0.01 | 0.01 | |||||||||||||||||||||||||||||||||||
diluted earnings per share: | |||||||||||||||||||||||||||||||||||||||
amounts attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||
derivative (gains) losses | -229,478,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to the noncontrolling interests | -20,123,000 | -2,538,000 | |||||||||||||||||||||||||||||||||||||
less: net income attributable to the noncontrolling interest | -948,250 | -3,793,000 | |||||||||||||||||||||||||||||||||||||
discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||
minority interest in consolidated subsidiaries' net income | 3,847,000 | 8,422,000 | 6,227,000 | ||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | 10,891,000 | -2,582,000 | 17,891,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-01-12 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||
current assets: | ||||||||||||||||||
cash and cash equivalents | 451,000,000 | 240,000,000 | 98,000,000 | 91,000,000 | 1,192,000,000 | 1,032,000,000 | 1,316,000,000 | 2,579,000,000 | 2,385,000,000 | 3,847,000,000 | 118,000,000 | |||||||
accounts receivable | 1,822,000,000 | 1,590,000,000 | 1,850,000,000 | 1,513,000,000 | 1,392,000,000 | 1,853,000,000 | 1,938,000,000 | 2,344,000,000 | 2,397,000,000 | 1,685,000,000 | 252,000,000 | |||||||
inventories | 491,000,000 | 476,000,000 | 496,000,000 | 448,000,000 | 487,000,000 | 424,000,000 | 420,000,000 | 606,000,000 | 493,000,000 | 369,000,000 | ||||||||
investment in affiliate | 134,000,000 | 139,000,000 | 176,000,000 | 137,000,000 | 119,000,000 | 172,000,000 | 134,000,000 | 167,000,000 | 231,000,000 | 135,000,000 | 67,000,000 | 85,000,000 | 42,000,000 | 151,000,000 | ||||
prepaids and other | 132,000,000 | 160,000,000 | 165,000,000 | 153,000,000 | ||||||||||||||
total current assets | 3,030,000,000 | 2,605,000,000 | 2,785,000,000 | 2,342,000,000 | 3,471,000,000 | 3,726,000,000 | 4,283,000,000 | 6,321,000,000 | 6,249,000,000 | 6,173,000,000 | ||||||||
oil and gas properties, using the successful efforts method of accounting: | ||||||||||||||||||
proved properties | 44,480,000,000 | 43,387,000,000 | 42,163,000,000 | 41,041,000,000 | 39,849,000,000 | 38,465,000,000 | 37,217,000,000 | 36,171,000,000 | 35,272,000,000 | 34,454,000,000 | 5,110,000,000 | |||||||
unproved properties | 5,771,000,000 | 5,785,000,000 | 5,861,000,000 | 5,883,000,000 | 5,861,000,000 | 6,008,000,000 | 5,943,000,000 | 5,948,000,000 | 5,924,000,000 | 6,063,000,000 | 5,622,000,000 | |||||||
accumulated depletion, depreciation and amortization | -18,397,000,000 | -17,639,000,000 | -16,876,000,000 | -16,174,000,000 | -15,492,000,000 | -14,843,000,000 | -14,199,000,000 | -13,571,000,000 | -12,971,000,000 | -12,335,000,000 | ||||||||
total oil and gas properties | 31,854,000,000 | 31,533,000,000 | 31,148,000,000 | 30,750,000,000 | 30,218,000,000 | 29,630,000,000 | 28,961,000,000 | 28,548,000,000 | 28,225,000,000 | 28,182,000,000 | ||||||||
other property and equipment | 1,659,000,000 | 1,656,000,000 | 1,639,000,000 | 1,624,000,000 | 1,640,000,000 | 1,658,000,000 | 1,668,000,000 | 1,679,000,000 | 1,692,000,000 | 1,694,000,000 | 117,000,000 | |||||||
operating lease right-of-use assets | 543,000,000 | 398,000,000 | 376,000,000 | 366,000,000 | 367,000,000 | 340,000,000 | 360,000,000 | 330,000,000 | 320,000,000 | 348,000,000 | 201,000,000 | |||||||
goodwill | 242,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 243,000,000 | 243,000,000 | 243,000,000 | 243,000,000 | 243,000,000 | ||||||||
other assets | 186,000,000 | 179,000,000 | 170,000,000 | 170,000,000 | 171,000,000 | 143,000,000 | 231,000,000 | 180,000,000 | 131,000,000 | 171,000,000 | 22,000,000 | |||||||
liabilities and equity | ||||||||||||||||||
current liabilities: | ||||||||||||||||||
accounts payable: | ||||||||||||||||||
trade | 2,498,000,000 | 2,414,000,000 | 2,577,000,000 | 2,298,000,000 | 2,265,000,000 | 2,487,000,000 | 2,328,000,000 | 2,549,000,000 | 2,608,000,000 | 2,380,000,000 | ||||||||
due to affiliates | 55,000,000 | 35,000,000 | 93,000,000 | 82,000,000 | 81,000,000 | 150,000,000 | 151,000,000 | 141,000,000 | 116,000,000 | 179,000,000 | ||||||||
interest payable | 16,000,000 | 48,000,000 | 16,000,000 | 48,000,000 | 17,000,000 | 33,000,000 | 21,000,000 | 40,000,000 | 23,000,000 | 53,000,000 | 49,000,000 | |||||||
income taxes payable | 230,000,000 | 40,000,000 | 43,000,000 | 25,000,000 | 287,000,000 | 63,000,000 | 45,000,000 | 37,000,000 | 62,000,000 | 45,000,000 | ||||||||
current portion of debt | 11,000,000 | 28,000,000 | 44,000,000 | 311,000,000 | ||||||||||||||
derivatives | 113,000,000 | 53,000,000 | 158,000,000 | 72,000,000 | 78,000,000 | 44,000,000 | 304,000,000 | 513,000,000 | 556,000,000 | 538,000,000 | 8,000,000 | |||||||
operating leases | 259,000,000 | 175,000,000 | 156,000,000 | 145,000,000 | 138,000,000 | 125,000,000 | 128,000,000 | 123,000,000 | 113,000,000 | 121,000,000 | 201,000,000 | |||||||
other | 170,000,000 | 181,000,000 | 196,000,000 | 218,000,000 | 117,000,000 | 81,000,000 | 97,000,000 | 113,000,000 | 94,000,000 | 42,000,000 | ||||||||
total current liabilities | 3,352,000,000 | 2,974,000,000 | 3,283,000,000 | 3,199,000,000 | 3,935,000,000 | 3,887,000,000 | 4,170,000,000 | 4,749,000,000 | 4,056,000,000 | 4,073,000,000 | ||||||||
long-term debt | 4,750,000,000 | 4,807,000,000 | 4,880,000,000 | 5,010,000,000 | 5,094,000,000 | 4,125,000,000 | 4,228,000,000 | 4,576,000,000 | 5,446,000,000 | 6,688,000,000 | 3,238,000,000 | |||||||
deferred income taxes | 4,478,000,000 | 4,402,000,000 | 4,231,000,000 | 4,102,000,000 | 3,984,000,000 | 3,867,000,000 | 3,301,000,000 | 3,089,000,000 | 2,571,000,000 | 2,038,000,000 | 127,000,000 | |||||||
other liabilities | 916,000,000 | 935,000,000 | 850,000,000 | 855,000,000 | 908,000,000 | 988,000,000 | 851,000,000 | 875,000,000 | 896,000,000 | 907,000,000 | 300,000,000 | |||||||
equity: | ||||||||||||||||||
common shares, .01 par value... | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||
additional paid-in capital | 18,436,000,000 | 18,506,000,000 | 18,506,000,000 | 18,658,000,000 | 18,688,000,000 | 18,779,000,000 | 18,911,000,000 | 19,180,000,000 | 19,142,000,000 | 19,123,000,000 | ||||||||
treasury shares, at cost; 11,983,632 and 11,971,806 shares as of march 31, 2024 and december 31, 2023, respectively | -2,620,000,000 | |||||||||||||||||
retained earnings | 7,772,000,000 | 7,280,000,000 | 6,783,000,000 | 5,911,000,000 | 5,593,000,000 | 5,685,000,000 | 5,561,000,000 | 5,630,000,000 | 5,047,000,000 | 3,960,000,000 | ||||||||
total equity | 23,590,000,000 | 23,171,000,000 | 22,719,000,000 | 22,000,000,000 | 21,838,000,000 | 22,541,000,000 | 22,949,000,000 | 23,790,000,000 | 23,668,000,000 | 22,837,000,000 | ||||||||
commitments and contingencies | ||||||||||||||||||
treasury shares, at cost; 11,971,806 and 8,667,824 shares as of december 31, 2023 and december 31, 2022, respectively | -2,617,000,000 | |||||||||||||||||
treasury shares, at cost; 11,771,231 and 8,667,824 shares as of september 30, 2023 and december 31, 2022, respectively | -2,572,000,000 | |||||||||||||||||
common stock, .01 par value... | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||
treasury stock | -2,571,000,000 | -2,445,000,000 | -1,925,000,000 | -1,525,000,000 | -1,022,000,000 | -523,000,000 | -248,000,000 | |||||||||||
income taxes receivable | 164,000,000 | 164,000,000 | ||||||||||||||||
current portion of long-term debt | 814,000,000 | 779,000,000 | 986,000,000 | 1,117,000,000 | 244,000,000 | 244,000,000 | ||||||||||||
restricted cash | 6,000,000 | 6,000,000 | 9,000,000 | 37,000,000 | ||||||||||||||
short-term investments | 372,000,000 | 506,000,000 | 640,000,000 | |||||||||||||||
short-term investment | 58,000,000 | |||||||||||||||||
total assets acquired | 11,450,000,000 | |||||||||||||||||
accounts payable | 335,000,000 | |||||||||||||||||
total liabilities assumed | 4,567,000,000 | |||||||||||||||||
net assets acquired | 6,883,000,000 | |||||||||||||||||
revenues and other income | 3,465,000,000 | |||||||||||||||||
net income | 394,000,000 | |||||||||||||||||
land and buildings | 849,000,000 | |||||||||||||||||
water infrastructure | 414,000,000 | |||||||||||||||||
construction-in-progress and capitalized interest | 174,000,000 | |||||||||||||||||
information technology | 71,000,000 | |||||||||||||||||
transport and field equipment | 34,000,000 | |||||||||||||||||
furniture and fixtures | 27,000,000 | |||||||||||||||||
sand reserves | 15,000,000 | |||||||||||||||||
total other property and equipment | 1,584,000,000 | |||||||||||||||||
beginning employee-related obligations | 6,000,000 | |||||||||||||||||
additions | 79,000,000 | |||||||||||||||||
less: | ||||||||||||||||||
noncash stock-based compensation | 4,000,000 | |||||||||||||||||
cash payments | 78,000,000 | |||||||||||||||||
ending employee-related obligations | 3,000,000 | |||||||||||||||||
assets: | ||||||||||||||||||
commodity price derivatives | ||||||||||||||||||
deferred compensation plan assets | 68,000,000 | 64,000,000 | 64,000,000 | 83,000,000 | 89,000,000 | |||||||||||||
total assets | 13,549,000,000 | 149,102,000,000 | 106,457,000,000 | 234,224,000,000 | 89,377,000,000 | |||||||||||||
liabilities: | ||||||||||||||||||
contingent consideration | ||||||||||||||||||
• | ||||||||||||||||||
commodity derivatives | ||||||||||||||||||
total liabilities |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||
net income | 1,095,000,000 | 1,269,000,000 | 1,301,000,000 | 1,102,000,000 | 1,222,000,000 | 1,481,000,000 | 1,984,000,000 | 2,371,000,000 | 2,009,000,000 | 763,000,000 | 1,045,000,000 | 380,000,000 | -70,000,000 | -30,000,000 | -20,000,000 | -439,000,000 | 289,000,000 | 344,000,000 | 231,000,000 | -169,000,000 | 350,000,000 | -10,813,000 | 223,101,000 | -161,867,000 | 29,089,000 | 129,740,000 | 270,801,000 | 65,447,000 | 6,887,000 | 29,593,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||
depletion, depreciation and amortization | 774,000,000 | 775,000,000 | 728,000,000 | 695,000,000 | 664,000,000 | 656,000,000 | 640,000,000 | 620,000,000 | 614,000,000 | 673,000,000 | 704,000,000 | 647,000,000 | 474,000,000 | 396,000,000 | 393,000,000 | 416,000,000 | 434,000,000 | 440,000,000 | 438,000,000 | 412,000,000 | 421,000,000 | 384,379,000 | 12,788,000 | 5,052,000 | 109,627,000 | 273,518,000 | 9,900,000 | 11,841,000 | 92,138,000 | |
exploration expenses | 6,000,000 | 1,000,000 | 0 | 1,000,000 | 0 | 1,000,000 | 5,000,000 | 1,000,000 | ||||||||||||||||||||||
deferred income taxes | 71,000,000 | 165,000,000 | 118,000,000 | 113,000,000 | 110,000,000 | 559,000,000 | 203,000,000 | 513,000,000 | 532,000,000 | 212,000,000 | 280,000,000 | 109,000,000 | -18,000,000 | -44,000,000 | 3,000,000 | -87,000,000 | 76,000,000 | 109,000,000 | 71,000,000 | -47,000,000 | 103,000,000 | 166,182,000 | -122,954,000 | 47,556,000 | 66,164,000 | 50,728,000 | 20,463,000 | 41,862,000 | 10,766,000 | |
gain on disposition of assets | -2,000,000 | -1,000,000 | 3,000,000 | -25,000,000 | -35,000,000 | -36,000,000 | -34,000,000 | -1,000,000 | -2,000,000 | -11,000,000 | -3,223,000 | -678,000 | -260,000 | |||||||||||||||||
accretion of discount on asset retirement obligations | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 6,519,000 | 20,000 | 18,000 | 2,142,000 | 5,326,000 | -444,000 | 88,000 | 2,058,000 | |
interest expense | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | -9,000,000 | 7,000,000 | 7,000,000 | 5,000,000 | 17,000,000 | 16,000,000 | 13,000,000 | 5,000,000 | 5,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 11,613,000 | -737,000 | 936,000 | 3,472,000 | 12,957,000 | -395,000 | -239,000 | 4,726,000 | |
derivative-related activity | 98,000,000 | -181,000,000 | 151,000,000 | -18,000,000 | 36,000,000 | -1,000,000 | -135,000,000 | -27,000,000 | 67,000,000 | -1,087,000,000 | 4,000,000 | 262,000,000 | 370,000,000 | -24,000,000 | ||||||||||||||||
amortization of share-based compensation | 22,000,000 | 123,000,000 | ||||||||||||||||||||||||||||
investment valuation adjustments | 5,000,000 | 37,000,000 | -39,000,000 | -18,000,000 | 53,000,000 | -37,000,000 | 32,000,000 | 65,000,000 | -114,000,000 | |||||||||||||||||||||
other | 29,000,000 | 24,000,000 | 28,000,000 | 33,000,000 | 51,000,000 | 75,000,000 | 22,000,000 | 17,000,000 | 30,000,000 | 47,000,000 | 35,000,000 | 36,000,000 | 45,000,000 | 31,000,000 | 30,000,000 | 33,000,000 | 31,000,000 | 9,000,000 | 7,000,000 | 27,000,000 | 62,000,000 | |||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||
accounts receivable | -231,000,000 | 258,000,000 | -337,000,000 | -123,000,000 | 461,000,000 | 82,000,000 | 406,000,000 | 38,000,000 | -697,000,000 | -6,000,000 | -8,000,000 | -263,000,000 | -330,000,000 | -62,000,000 | -97,000,000 | -11,000,000 | 479,000,000 | -180,000,000 | -64,000,000 | 86,000,000 | -69,000,000 | -14,050,000 | 143,970,000 | -70,413,000 | -14,061,000 | -41,308,000 | -71,172,000 | 31,016,000 | -15,227,000 | |
inventories | -17,000,000 | 16,000,000 | -49,000,000 | 39,000,000 | -63,000,000 | -4,000,000 | 186,000,000 | -115,000,000 | -126,000,000 | -32,000,000 | 9,000,000 | -12,000,000 | -90,000,000 | -33,000,000 | -21,000,000 | 18,000,000 | 16,000,000 | 35,000,000 | 3,000,000 | -22,000,000 | -36,000,000 | -68,056,000 | 124,000 | 11,701,000 | -26,172,000 | -13,974,000 | 14,466,000 | -13,382,000 | 1,989,000 | |
other assets | -148,000,000 | -55,000,000 | -46,000,000 | 114,000,000 | -63,000,000 | -29,000,000 | -22,000,000 | -34,000,000 | -28,000,000 | -97,000,000 | 1,000,000 | 7,000,000 | 16,000,000 | 2,000,000 | -4,000,000 | 5,000,000 | 21,000,000 | |||||||||||||
accounts payable | -34,000,000 | -124,000,000 | 216,000,000 | 38,000,000 | -380,000,000 | -14,000,000 | -348,000,000 | -90,000,000 | 178,000,000 | 544,000,000 | -45,000,000 | 295,000,000 | 265,000,000 | -15,000,000 | 149,000,000 | -29,000,000 | -284,000,000 | -8,000,000 | 70,000,000 | 5,000,000 | -74,000,000 | 49,111,000 | -16,211,000 | 66,657,000 | -33,913,000 | -14,212,000 | 52,330,000 | 16,594,000 | -24,590,000 | |
interest payable | -32,000,000 | 32,000,000 | -31,000,000 | 30,000,000 | -16,000,000 | 12,000,000 | -19,000,000 | 17,000,000 | -30,000,000 | 23,000,000 | -22,000,000 | 3,000,000 | -57,000,000 | 18,000,000 | -10,000,000 | 8,000,000 | -35,000,000 | -29,000,000 | 17,105,000 | -32,367,000 | 29,824,000 | -13,335,000 | 23,870,000 | -26,594,000 | 17,206,000 | -3,470,000 | ||||
income taxes payable | 190,000,000 | -3,000,000 | 18,000,000 | -263,000,000 | 225,000,000 | -25,000,000 | 17,000,000 | 7,359,000 | -35,506,000 | 9,732,000 | 9,190,000 | -1,720,000 | 5,612,000 | -10,729,000 | 6,814,000 | |||||||||||||||
other liabilities | 113,000,000 | 6,000,000 | -11,000,000 | -67,000,000 | 9,000,000 | -38,000,000 | -1,000,000 | -120,000,000 | 89,000,000 | 42,000,000 | -45,000,000 | -44,000,000 | -229,000,000 | -18,000,000 | -47,000,000 | -62,000,000 | -92,000,000 | |||||||||||||
net cash from operating activities | 1,946,000,000 | 2,349,000,000 | 2,072,000,000 | 1,713,000,000 | 2,314,000,000 | 2,598,000,000 | 2,945,000,000 | 3,221,000,000 | 2,584,000,000 | 2,224,000,000 | 1,992,000,000 | 1,466,000,000 | 377,000,000 | 537,000,000 | 392,000,000 | 329,000,000 | 825,000,000 | 828,000,000 | 894,000,000 | 789,000,000 | 604,000,000 | 722,397,000 | -30,219,000 | 155,368,000 | 177,682,000 | 584,702,000 | -26,749,000 | 87,365,000 | 129,997,000 | |
capital expenditures | -45,000,000 | -56,000,000 | -52,000,000 | -41,000,000 | -28,000,000 | -8,000,000 | -44,000,000 | -20,000,000 | -41,000,000 | -41,000,000 | -22,000,000 | -31,000,000 | -24,000,000 | -23,000,000 | -24,000,000 | -35,000,000 | -43,000,000 | -48,000,000 | -49,000,000 | -63,000,000 | -72,000,000 | -30,354,000 | -2,464,000 | 4,166,000 | -12,406,000 | -76,068,000 | -44,048,000 | -2,529,000 | -13,573,000 | |
free cash flows | 1,901,000,000 | 2,293,000,000 | 2,020,000,000 | 1,672,000,000 | 2,286,000,000 | 2,590,000,000 | 2,901,000,000 | 3,201,000,000 | 2,543,000,000 | 2,183,000,000 | 1,970,000,000 | 1,435,000,000 | 353,000,000 | 514,000,000 | 368,000,000 | 294,000,000 | 782,000,000 | 780,000,000 | 845,000,000 | 726,000,000 | 532,000,000 | 692,043,000 | -32,683,000 | 159,534,000 | 165,276,000 | 508,634,000 | -70,797,000 | 84,836,000 | 116,424,000 | |
cash flows from investing activities: | ||||||||||||||||||||||||||||||
proceeds from disposition of assets | 3,000,000 | 11,000,000 | 1,000,000 | 19,000,000 | 4,000,000 | 74,000,000 | 40,000,000 | 43,000,000 | 210,000,000 | 3,185,000,000 | 27,000,000 | 9,000,000 | 23,000,000 | 51,000,000 | ||||||||||||||||
additions to oil and gas properties | -922,000,000 | -1,135,000,000 | -1,016,000,000 | -1,240,000,000 | -1,180,000,000 | -1,114,000,000 | -972,000,000 | -917,000,000 | -917,000,000 | -978,000,000 | -998,000,000 | -729,000,000 | -464,000,000 | -305,000,000 | -263,000,000 | -395,000,000 | -639,000,000 | -608,000,000 | -870,000,000 | -769,000,000 | -741,000,000 | -164,527,000 | -1,023,159,000 | -60,772,000 | -22,074,000 | -297,267,000 | -1,712,163,000 | 180,667,000 | -97,505,000 | -438,647,000 |
additions to other assets and other property and equipment | -45,000,000 | -56,000,000 | -52,000,000 | -41,000,000 | -28,000,000 | -8,000,000 | -44,000,000 | -20,000,000 | -41,000,000 | -41,000,000 | -22,000,000 | -31,000,000 | -24,000,000 | -23,000,000 | -24,000,000 | -35,000,000 | -43,000,000 | -48,000,000 | -49,000,000 | -63,000,000 | -72,000,000 | -6,736,000 | -30,354,000 | -2,464,000 | 4,166,000 | -12,406,000 | -76,068,000 | -44,048,000 | -2,529,000 | -13,573,000 |
net cash from investing activities | -964,000,000 | -1,180,000,000 | -1,067,000,000 | -1,262,000,000 | -1,204,000,000 | -675,000,000 | -840,000,000 | -758,000,000 | -1,313,000,000 | 2,166,000,000 | -993,000,000 | -1,694,000,000 | -348,000,000 | -326,000,000 | -236,000,000 | -425,000,000 | -681,000,000 | -533,000,000 | -894,000,000 | -325,000,000 | -695,000,000 | -758,172,000 | -79,297,000 | -136,401,000 | -177,540,000 | -1,364,367,000 | 120,357,000 | -91,527,000 | -447,455,000 | |
cash flows from financing activities: | ||||||||||||||||||||||||||||||
proceeds from borrowings and issuance of debt, net of discount | 105,000,000 | |||||||||||||||||||||||||||||
repayment of debt | -292,000,000 | -296,000,000 | -1,506,000,000 | |||||||||||||||||||||||||||
proceeds from capped call on convertible notes | 23,000,000 | 28,000,000 | 46,000,000 | 27,000,000 | 31,000,000 | 32,000,000 | 45,000,000 | |||||||||||||||||||||||
payments of other liabilities | -4,000,000 | -6,000,000 | -5,000,000 | -4,000,000 | -4,000,000 | -9,000,000 | -54,000,000 | -8,000,000 | -121,000,000 | -11,000,000 | -6,000,000 | -7,000,000 | -140,000,000 | -11,000,000 | -8,000,000 | -8,000,000 | -146,000,000 | -4,000,000 | -8,000,000 | -1,000,000 | -1,000,000 | -335,000 | -5,890,000 | 3,610,000 | ||||||
payments of financing fees | 0 | 0 | 0 | -7,000,000 | 0 | -1,000,000 | -3,000,000 | -28,000,000 | 0 | -10,000,000 | ||||||||||||||||||||
purchases of treasury shares | -3,000,000 | -45,000,000 | ||||||||||||||||||||||||||||
dividends paid | -600,000,000 | -768,000,000 | -431,000,000 | -781,000,000 | -1,319,000,000 | -1,356,000,000 | -2,052,000,000 | -1,788,000,000 | -1,073,000,000 | -874,000,000 | -507,000,000 | -122,000,000 | -91,000,000 | -91,000,000 | -91,000,000 | -91,000,000 | -73,000,000 | -73,000,000 | 0 | -35,914,000 | 16,838,000 | -16,789,000 | -52,000 | |||||||
net cash from financing activities | -771,000,000 | -1,027,000,000 | -998,000,000 | -1,552,000,000 | -950,000,000 | -2,213,000,000 | -3,368,000,000 | -2,272,000,000 | -2,761,000,000 | -1,133,000,000 | -514,000,000 | -354,000,000 | -806,000,000 | -101,000,000 | 986,000,000 | -513,000,000 | 9,000,000 | -103,000,000 | -205,000,000 | -257,000,000 | -223,000,000 | 48,406,000 | 107,089,000 | 1,846,000 | 5,007,000 | 790,113,000 | -111,863,000 | 9,426,000 | 323,643,000 | |
net increase in cash and cash equivalents | 211,000,000 | -314,000,000 | -3,861,000 | 12,631,000 | -2,427,000 | 20,813,000 | 5,149,000 | 10,448,000 | -18,255,000 | 5,264,000 | 6,185,000 | |||||||||||||||||||
cash and cash equivalents, beginning of period | 240,000,000 | 825,000,000 | 48,337,000 | 5,149,000 | 12,171,000 | 7,033,000 | ||||||||||||||||||||||||
cash and cash equivalents, end of period | 451,000,000 | 511,000,000 | 44,476,000 | 25,962,000 | 17,320,000 | 13,350,000 | ||||||||||||||||||||||||
(gain) loss on disposition of assets | -1,000,000 | 0 | -21,000,000 | 489,000,000 | 9,000,000 | 2,721,000 | ||||||||||||||||||||||||
loss on early extinguishment of debt | -8,000,000 | 0 | 0 | 47,000,000 | 0 | 0 | -3,000,000 | 5,000,000 | 0 | 0 | ||||||||||||||||||||
changes in operating assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||||||||||||
proceeds from short-term investments | 373,000,000 | |||||||||||||||||||||||||||||
purchases of short-term investments | ||||||||||||||||||||||||||||||
cash from acquisitions, net of cash acquired | 0 | 0 | ||||||||||||||||||||||||||||
proceeds from issuance of debt, net of discount | 60,000,000 | 900,000,000 | ||||||||||||||||||||||||||||
exercise of stock options and employee stock purchases | ||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 160,000,000 | 3,257,000,000 | -777,000,000 | 110,000,000 | 153,000,000 | |||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 0 | 1,032,000,000 | 0 | 0 | 0 | 3,884,000,000 | 0 | 0 | 0 | 1,501,000,000 | 0 | 0 | 0 | 705,000,000 | 0 | 0 | ||||||||||||
cash, cash equivalents and restricted cash, end of period | 142,000,000 | 7,000,000 | -1,101,000,000 | 1,192,000,000 | -290,000,000 | -1,263,000,000 | 191,000,000 | 2,394,000,000 | 3,257,000,000 | 485,000,000 | -582,000,000 | 724,000,000 | 110,000,000 | 1,142,000,000 | -609,000,000 | 858,000,000 | 192,000,000 | -205,000,000 | ||||||||||||
loss on early extinguishments of debt | ||||||||||||||||||||||||||||||
exercise of long-term incentive plan stock options and employee stock purchases | 6,000,000 | 3,000,000 | 0 | |||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | 7,000,000 | -1,263,000,000 | 191,000,000 | -1,490,000,000 | ||||||||||||||||||||||||||
amortization of stock-based compensation | 27,000,000 | 23,000,000 | 19,000,000 | 20,000,000 | 20,000,000 | 19,000,000 | 19,000,000 | 18,000,000 | 17,000,000 | 52,000,000 | 18,000,000 | 21,000,000 | 17,000,000 | 16,000,000 | 19,000,000 | 19,000,000 | 38,000,000 | 24,000,000 | 25,687,000 | 42,000 | -739,000 | 8,980,000 | 26,848,000 | -156,000 | 879,000 | 7,738,000 | ||||
purchases of treasury stock | -126,000,000 | -520,000,000 | -401,000,000 | -511,000,000 | -499,000,000 | -276,000,000 | -250,000,000 | -5,000,000 | -1,000,000 | -13,000,000 | -2,000,000 | -2,000,000 | -50,000,000 | -122,000,000 | -26,000,000 | -203,000,000 | ||||||||||||||
exercise of long-term incentive plan stock options | 0 | 1,000,000 | 954,000 | -2,093,000 | 2,347,000 | 2,369,000 | ||||||||||||||||||||||||
income taxes receivable | -20,408,000 | 9,206,000 | -9,250,000 | -76,000 | 12,050,000 | 21,728,000 | -61,714,000 | 12,558,000 | ||||||||||||||||||||||
borrowings under credit facility | 350,000,000 | 0 | 0 | |||||||||||||||||||||||||||
repayment of credit facility | -350,000,000 | -397,000,000 | 0 | 0 | ||||||||||||||||||||||||||
proceeds from issuance of senior notes, net of discount | 1,099,000,000 | 0 | 0 | 750,000,000 | 2,497,000,000 | 0 | ||||||||||||||||||||||||
repayment of long-term debt | -230,000,000 | -479,000,000 | -802,000,000 | |||||||||||||||||||||||||||
south texas contingent consideration valuation adjustment | 0 | -22,000,000 | 1,000,000 | 63,000,000 | ||||||||||||||||||||||||||
south texas deficiency fee obligation | 11,000,000 | 0 | 0 | 69,000,000 | ||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 0 | 0 | ||||||||||||||||||||||||||||
purchase of derivatives related to issuance of convertible senior notes | 0 | 0 | ||||||||||||||||||||||||||||
repayment of credit facilities | 0 | 0 | ||||||||||||||||||||||||||||
operating lease right-of-use assets | -30,000,000 | -10,000,000 | 28,000,000 | |||||||||||||||||||||||||||
operating leases | 28,000,000 | 10,000,000 | -29,000,000 | |||||||||||||||||||||||||||
purchase of short-term investments | ||||||||||||||||||||||||||||||
proceeds from investments | 146,000,000 | 75,000,000 | 56,000,000 | 0 | 456,000,000 | 112,000,000 | ||||||||||||||||||||||||
purchase of investments | -10,000,000 | -640,000,000 | 0 | 0 | ||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects of acquisition: | ||||||||||||||||||||||||||||||
cash acquired, net of cash paid | 117,000,000 | |||||||||||||||||||||||||||||
repayment of senior notes, including tender offer premiums | -1,292,000,000 | 0 | 0 | -731,000,000 | -2,640,000,000 | 0 | 0 | |||||||||||||||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||
investment in affiliate valuation adjustment | 8,000,000 | 25,000,000 | -54,000,000 | -55,000,000 | 18,000,000 | -44,000,000 | 145,000,000 | |||||||||||||||||||||||
change in operating assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||||||||||||
exploration expenses, including dry holes | 0 | 3,000,000 | 3,000,000 | 5,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 41,629,000 | 88,380,000 | -2,514,000 | 3,548,000 | 163,026,000 | -34,196,000 | -4,044,000 | 46,965,000 | ||||||||||||
change in operating assets and liabilities, net of effects of acquisition: | ||||||||||||||||||||||||||||||
impairment of oil and gas properties | 14,516,000 | |||||||||||||||||||||||||||||
impairment of inventory and other property and equipment | 1,000,000 | 1,000,000 | 4,000,000 | 3,000,000 | -1,000,000 | 32,000,000 | ||||||||||||||||||||||||
derivative related activity | -412,000,000 | -37,000,000 | 17,000,000 | |||||||||||||||||||||||||||
proceeds from disposition of assets, net of cash sold | 1,000,000 | 67,000,000 | 25,000,000 | 51,000,000 | 6,000,000 | 200,000 | 295,341,000 | -16,061,000 | -118,493,000 | 132,133,000 | 423,864,000 | -16,262,000 | 8,507,000 | 4,765,000 | ||||||||||||||||
borrowing under credit facility | 0 | 0 | 0 | 800,000,000 | ||||||||||||||||||||||||||
loss on disposition of assets | ||||||||||||||||||||||||||||||
principal payments on long-term debt | -450,000,000 | -1,000,000 | 358,779,000 | -545,777,000 | -746,555,000 | -361,555,000 | ||||||||||||||||||||||||
contingent consideration valuation adjustment | -16,000,000 | |||||||||||||||||||||||||||||
investment in affiliate mark-to-market adjustment | ||||||||||||||||||||||||||||||
investments | ||||||||||||||||||||||||||||||
other current assets | 1,000,000 | -1,000,000 | -15,000,000 | -1,998,000 | -14,938,000 | 3,196,000 | 1,995,000 | -8,170,000 | 5,623,000 | -611,000 | 212,000 | |||||||||||||||||||
other current liabilities | 2,000,000 | -30,000,000 | -22,000,000 | -67,093,000 | -22,707,000 | 25,538,000 | -33,772,000 | -65,864,000 | -17,948,000 | -9,144,000 | -14,651,000 | |||||||||||||||||||
purchases of investments | ||||||||||||||||||||||||||||||
investment in affiliate fair value adjustment | 3,000,000 | -174,000,000 | ||||||||||||||||||||||||||||
purchase of treasury stock | -222,000,000 | -20,119,000 | -122,808,000 | -58,127,000 | 26,388,000 | -26,950,000 | -60,924,000 | -137,688,000 | 8,625,000 | -31,437,000 | ||||||||||||||||||||
adjustments to reconcile net income to net cash provided by | ||||||||||||||||||||||||||||||
change in operating assets and liabilities | ||||||||||||||||||||||||||||||
borrowings under long-term debt | 172,000,000 | 853,998,000 | 155,002,000 | -568,002,000 | 592,000,000 | 1,619,000,000 | 42,000,000 | -353,000,000 | 722,000,000 | |||||||||||||||||||||
distributions to noncontrolling interest partners | -4,840,000 | |||||||||||||||||||||||||||||
excess tax (costs) benefits from share-based payment arrangements | -3,879,000 | |||||||||||||||||||||||||||||
payment of financing fees | 10,315,000 | -11,346,000 | -4,298,000 | 764,000 | 2,743,000 | -3,519,000 | ||||||||||||||||||||||||
hurricane activity | 28,000,000 | 19,000,000 | ||||||||||||||||||||||||||||
(gain) loss on extinguishment of debt | ||||||||||||||||||||||||||||||
discontinued operations | -2,845,000 | 3,279,000 | -323,000 | 348,000 | -83,142,000 | 6,780,000 | 2,045,000 | -2,106,000 | ||||||||||||||||||||||
minority interest in consolidated subsidiaries’ net income | ||||||||||||||||||||||||||||||
commodity hedge related activity | 29,564,000 | 7,751,000 | 186,000 | 7,665,000 | 6,735,000 | 615,000 | -1,165,000 | 5,899,000 | ||||||||||||||||||||||
amortization of deferred revenue | -118,431,000 | -251,000 | 22,000 | -39,479,000 | -135,653,000 | -256,000 | -288,000 | -45,034,000 | ||||||||||||||||||||||
other noncash items | 34,127,000 | 18,294,000 | 13,094,000 | -4,640,000 | -2,011,000 | 2,068,000 | 9,402,000 | -6,277,000 | ||||||||||||||||||||||
change in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||||||||
prepaid expenses | 4,850,000 | -8,421,000 | -771,000 | 937,000 | 7,379,000 | -10,787,000 | 2,908,000 | 1,156,000 | ||||||||||||||||||||||
proceeds from issuance of partnership common units, net of issuance costs | ||||||||||||||||||||||||||||||
borrowings (payments) of other liabilities | 536,000 | -27,714,000 | ||||||||||||||||||||||||||||
excess tax benefits from share-based payment arrangements | -3,886,000 | 2,145,000 | 3,463,000 | -2,416,000 | 1,241,000 | 1,540,000 | ||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 738,000 | 239,000 | 387,000 | 132,000 | ||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||
minority interest in consolidated subsidiaries' net income | ||||||||||||||||||||||||||||||
exercise of long-term incentive plan stock options and employee stock purchase plan | -2,679,000 | 4,028,000 | 877,000 | |||||||||||||||||||||||||||
excess tax benefit from share-based payment arrangements | ||||||||||||||||||||||||||||||
impairment of long-lived assets | 28,797,000 | -20,473,000 | ||||||||||||||||||||||||||||
loss on extinguishment of debt | ||||||||||||||||||||||||||||||
payments for acquisition, net of cash acquired | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||||||||
payment of other liabilities | -5,755,000 |