v2.4.0.8
Supplemental Cash Flow Information (Tables)
12 Months Ended
Dec. 31, 2013
Supplemental Cash Flow Information  
Schedule of changes in operating assets and liabilities

Net cash provided by operating activities attributable to the net change in operating assets and liabilities were composed of the following (in millions):

 

 

 

Years ended December 31,

 

 

 

2013

 

2012

 

2011

 

Changes in operating assets and liabilities

 

 

 

 

 

 

 

Decrease (increase) in accounts receivable

 

$

58

 

$

(139

)

$

(174

)

Increase in other current assets

 

(152

)

(73

)

(73

)

Decrease in other assets

 

87

 

12

 

26

 

Increase (decrease) in accounts payable and other current liabilities

 

(625

)

931

 

978

 

Decrease in other long-term liabilities

 

(33

)

(63

)

(34

)

Change in income taxes receivable / payable, net

 

(151

)

(156

)

80

 

 

 

$

(816

)

$

512

 

$

803

 

Additional cash flow information

Additional cash flow information was as follows (in millions):

 

 

 

Years ended December 31,

 

 

 

2013

 

2012

 

2011

 

Certain cash operating activities

 

 

 

 

 

 

 

Cash payments for interest

 

$

669

 

$

719

 

$

501

 

Cash payments for income taxes

 

457

 

347

 

338

 

 

 

 

 

 

 

 

 

Non-cash investing and financing activities

 

 

 

 

 

 

 

Capital expenditures, accrued at end of period (a)

 

$

167

 

$

123

 

$

62

 

Issuance of shares in exchange for noncontrolling interest (b)

 

 

367

 

 

Non-cash proceeds received for the sale of assets (c)

 

 

194

 

 

 

(a)         These amounts represent additions to property and equipment for which we had accrued a corresponding liability in accounts payable.

 

(b)         On May 31, 2012, we issued 8.7 million shares to Quantum in a non-cash exchange for its interest in TPDI.  See Note 16—Redeemable Noncontrolling Interest.

 

(c)          During the year ended December 31, 2012, we completed the sale of 38 drilling units to Shelf Drilling.  In connection with the sale transactions, we received net cash proceeds of $568 million and non-cash proceeds in the form of preference shares with an aggregate stated value of $195 million.  We recognized the preference shares at their estimated fair value measured at the time of the sale, in the aggregate amount of $194 million, including the fair value associated with the embedded derivatives.  See Note 7—Discontinued Operations.