Long-Term Debt Repayments

  
EOG RESOURCES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In Millions)(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months EndedSeptember 30, |
|  | 2022 |  | 2021 |
| Cash Flows from Operating Activities |  |  |  |
| Reconciliation of Net Income to Net Cash Provided by Operating Activities: |  |  |  |
| Net Income | $ | 5,482  |  |  | $ | 2,679  |  |
| Items Not Requiring (Providing) Cash |   |  |   |
| Depreciation, Depletion and Amortization | 2,664  |  |  | 2,741  |  |
| Impairments | 240  |  |  | 170  |  |
| Stock-Based Compensation Expenses | 99  |  |  | 117  |  |
| Deferred Income Taxes | (240) |  |  | (244) |  |
| Gains on Asset Dispositions, Net | (101) |  |  | (46) |  |
| Other, Net | (15) |  |  | 15  |  |
| Dry Hole Costs | 41  |  |  | 28  |  |
| Mark-to-Market Financial Commodity Derivative Contracts |   |  |   |
| Total Losses | 4,215  |  |  | 1,288  |  |
| Net Cash Payments for Settlements of Financial Commodity Derivative Contracts | (3,257) |  |  | (516) |  |
| Other, Net | 33  |  |  | 8  |  |
| Changes in Components of Working Capital and Other Assets and Liabilities |   |  |   |
| Accounts Receivable | (1,008) |  |  | (639) |  |
| Inventories | (311) |  |  | 95  |  |
| Accounts Payable | 301  |  |  | 115  |  |
| Accrued Taxes Payable | 24  |  |  | 286  |  |
| Other Assets | (271) |  |  | (55) |  |
| Other Liabilities | (548) |  |  | (317) |  |
| Changes in Components of Working Capital Associated with Investing Activities | 301  |  |  | (100) |  |
| Net Cash Provided by Operating Activities | 7,649  |  |  | 5,625  |  |
| Investing Cash Flows |   |  |   |
| Additions to Oil and Gas Properties | (3,390) |  |  | (2,689) |  |
| Additions to Other Property, Plant and Equipment | (248) |  |  | (147) |  |
| Proceeds from Sales of Assets | 310  |  |  | 154  |  |
| Other Investing Activities | (30) |  |  | —  |  |
| Changes in Components of Working Capital Associated with Investing Activities | (301) |  |  | 100  |  |
| Net Cash Used in Investing Activities | (3,659) |  |  | (2,582) |  |
| Financing Cash Flows |   |  |   |
| Long-Term Debt Repayments | —  |  |  | (750) |  |
| Dividends Paid | (3,821) |  |  | (1,278) |  |
| Treasury Stock Purchased | (95) |  |  | (33) |  |
| Proceeds from Stock Options Exercised and Employee Stock Purchase Plan | 17  |  |  | 9  |  |
| Repayment of Finance Lease Liabilities | (27) |  |  | (27) |  |
| Net Cash Used in Financing Activities | (3,926) |  |  | (2,079) |  |
| Effect of Exchange Rate Changes on Cash | (1) |  |  | —  |  |
| Increase in Cash and Cash Equivalents | 63  |  |  | 964  |  |
| Cash and Cash Equivalents at Beginning of Period | 5,209  |  |  | 3,329  |  |
| Cash and Cash Equivalents at End of Period | $ | 5,272  |  |  | $ | 4,293  |  |

  
The accompanying notes are an integral part of these condensed consolidated financial statements.-7-
