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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (2,767) $ 326,239
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 472,335 458,995
Deferred income tax expense 8,226 181,439
(Gain) loss on sale of assets (3,814) 2,735
Exploratory dry hole cost 184 6,454
(Gain) loss on derivative instruments (44,668) (69,577)
Net cash received (paid) in settlement of derivative instruments 133,827 24,811
Amortization of debt issuance costs 3,395 3,378
Stock-based compensation and other 7,041 13,304
Changes in assets and liabilities:    
Accounts receivable, net 112,712 30,418
Income taxes (10,158) (23,430)
Inventories (4,256) 3,737
Other current assets (2,106) (147)
Accounts payable and accrued liabilities (83,432) (9,712)
Other assets and liabilities (1,565) 607
Stock-based compensation tax benefit 0 (6,001)
Net cash provided by operating activities 584,954 943,250
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (819,839) (964,741)
Acquisitions (16,312) (15,826)
Proceeds from sale of assets 7,380 3,913
Restricted cash 0 28,094
Investment in equity method investments (20,798) (28,784)
Net cash used in investing activities (849,569) (977,344)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 790,000 1,802,000
Repayments of debt (505,000) (1,337,000)
Treasury stock repurchases 0 (119,767)
Dividends paid (24,812) (25,018)
Stock-based compensation tax benefit 0 6,001
Capitalized debt issuance costs (7,838) (5,626)
Other 84 91
Net cash provided by financing activities 252,434 320,681
Net (decrease) increase in cash and cash equivalents (12,181) 286,587
Cash and cash equivalents, beginning of period 20,954 23,400
Cash and cash equivalents, end of period 8,773 309,987
Supplemental non-cash transactions:    
Change in accrued capital costs $ (159,102) $ 35,702