XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 173,469 $ 110,798
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 205,779 140,783
Impairment of oil and gas properties 762 2,607
Deferred income taxes 102,244 66,648
Derivative instruments 41,838 (33,568)
Stock-based compensation expenses 8,411 6,627
Debt discount amortization and other 2,693 2,038
Working capital and other changes:    
Change in accounts receivable (67,487) (69,163)
Change in inventory (8,820) (26,790)
Change in prepaid expenses (5,175) (2,009)
Change in other current assets (138) 413
Change in other assets (63) (119)
Change in accounts payable and accrued liabilities 82,246 79,079
Change in other current liabilities 0 4,784
Change in other liabilities 922 0
Net cash provided by operating activities 536,681 282,128
Cash flows from investing activities:    
Capital expenditures (654,175) (777,516)
Acquisition of oil and gas properties (133,061) 0
Increase in restricted cash (986,210) 0
Derivative settlements (5,135) 2,784
Purchases of short-term investments 0 (126,213)
Redemptions of short-term investments 25,000 19,994
Advances from joint interest partners (7,965) 17,508
Net cash used in investing activities (1,761,546) (863,443)
Cash flows from financing activities:    
Proceeds from credit facility 160,000 0
Proceeds from issuance of senior notes 1,000,000 400,000
Purchases of treasury stock (1,424) (1,299)
Debt issuance costs (21,718) (7,955)
Net cash provided by financing activities 1,136,858 390,746
Decrease in cash and cash equivalents (88,007) (190,569)
Cash and cash equivalents:    
Beginning of period 213,447 470,872
End of period 125,440 280,303
Supplemental non-cash transactions:    
Change in accrued capital expenditures 10,530 71,572
Change in asset retirement obligations $ 4,173 $ 7,774