XML 59 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income $ 211,588 $ 187,280
Income (loss) from discontinued operations, net of tax 506 (254)
Income from continuing operations 211,082 187,534
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 306,180 288,816
Loss, net of distributions, from equity method investments 401 1,736
Deferred income taxes 37,006 46,212
Unrealized (gain) loss on commodity derivatives (16,847) 5,379
Excess tax benefit on stock-based compensation (4,729) 0
Changes in current assets and liabilities, net of acquisitions:    
Receivables (73,596) (107,482)
Inventories (20,153) 1,562
Other current assets (20,416) (15,397)
Accounts payable (22,007) 25,817
Other current liabilities 32,767 18,680
Other noncurrent changes (26,915) (24,149)
Net cash provided by continuing operations 402,773 428,708
Net cash provided by discontinued operations 541 254
Net cash provided by operating activities 403,314 428,962
Investing activities:    
Capital expenditures (638,731) (648,465)
Acquisitions, net of cash acquired (208,945) 0
Net proceeds from sale or disposition of property and other 203,386 40,985
Investments 792 218
Proceeds from sale of equity method investment 0 1,896
Net cash used in continuing operations (643,498) (605,366)
Net cash provided by discontinued operations 0 0
Net cash used in investing activities (643,498) (605,366)
Financing activities:    
Issuance of short-term borrowings 0 5,000
Repayment of short-term borrowings (11,500) 0
Issuance of long-term debt 672,351 497,318
Repayment of long-term debt (318,991) (255,980)
Proceeds from issuance of common stock 144,868 0
Dividends paid (102,105) (65,660)
Excess tax benefit on stock-based compensation 4,729 0
Tax withholding on performance shares (5,564) 0
Contribution from noncontrolling interest 44,900 13,000
Net cash provided by continuing operations 428,688 193,678
Net cash provided by discontinued operations 0 0
Net cash provided by financing activities 428,688 193,678
Effect of exchange rate changes on cash and cash equivalents (53) (142)
Increase in cash and cash equivalents 188,451 17,132
Cash and cash equivalents - beginning of year 45,225 49,042
Cash and cash equivalents - end of period $ 233,676 $ 66,174