Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 81

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 81
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 discussion of this transaction.(b)    Revisions primarily represent changes in the present value of liabilities resulting from changes in estimated costs and economic lives of producing properties.(c)    During the year ended December 31, 2023, approximately $64 million of disposals related to the divestitures of our Eagle Ford assets. See Note 2 for further discussion of these transactions.

17.Supplemental Cash Flow InformationSupplemental disclosures to the consolidated statements of cash flows are presented below.Years Ended December 31,202420232022Changes in assets and liabilitiesAccounts receivable$(168)$857 $(106)Accounts payable(62)(152)49 Other current assets3 143 (182)Other current liabilities(88)(573)116 Total$(315)$275 $(123)Supplemental cash flow information:Interest paid, net of capitalized interest$93 $117 $146 Income taxes paid (refunds received), net$(3)$132 $193 Supplemental disclosure of significant   non-cash investing and financing activities:Change in accrued drilling and completion costs$(49)$(31)$148 Common stock issued for business combination$7,888 $— $764 Operating lease obligations recognized$137 $96 $120 

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TABLE OF CONTENTSEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

18.Segment InformationOperating segments are defined as components of an enterprise that engage in activities from which it may earn revenues and incur expenses for which separate operational financial information is available and is regularly evaluated by the CODM, who is our Chief Executive Officer, for the purpose of allocating an enterprise’s resources and assessing its operating performance. Our revenues are derived from the production, marketing and sale of natural gas, oil and NGL. Additional information on our revenues, including the disaggregation of our revenues and major customers, is found in Note 8. As of December 31, 2024, we considered each of our operating areas as operating segments, however, we have aggregated those operating segments into one reportable segment due to the similar nature of the exploration and production business across Expand Energy and its consolidated subsidiaries and the fact that our marketing activities are ancillary to our operations.Our CODM uses consolidated net income (loss), for purposes of allocating resources and in assessing Expand Energy’s operating performance. Additionally, our CODM is regularly provided information on production expense, gathering