XML 80 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (506,574) $ 700,852
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, depletion and amortization 327,787 256,186
Accretion of asset retirement obligations 19,579 10,572
Impairment 15,643 0
Debt issuance costs amortization 5,369 5,401
Amortization of discount, net of premium, on long-term debt 789 1,285
Bargain purchase gain 0 (122,696)
Loss on extinguishment of debt 82,005 0
Deferred income tax provision (benefit) 4,015 (100,288)
Unrealized gain on derivative contracts (63,520) (455,138)
Loss on sale of assets 397,825 3,380
Stock-based compensation 72,415 23,277
Other 2,044 504
Changes in operating assets and liabilities 32,605 (1,612)
Net cash provided by operating activities 384,683 417,706
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (828,585) (1,123,040)
Acquisition of assets (8,602) (761,575)
Proceeds from sale of assets 2,563,886 420,859
Net cash provided by (used in) investing activities 1,726,699 (1,463,756)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings 0 750,000
Repayments of borrowings (1,115,500) (16,029)
Premium on debt redemption (61,997) 0
Debt issuance costs (91) (27,316)
Proceeds from the issuance of royalty trust units 0 587,086
Proceeds from the sale of royalty trust units 0 123,549
Noncontrolling interest distributions (98,716) (76,801)
Stock-based compensation excess tax benefit 0 8
Purchase of treasury stock (28,468) (7,980)
Dividends paid - preferred (27,763) (27,763)
Cash received (paid) on settlement of financing derivative contracts 5,728 (45,312)
Net cash (used in) provided by financing activities (1,326,807) 1,259,442
NET INCREASE IN CASH AND CASH EQUIVALENTS 784,575 213,392
CASH AND CASH EQUIVALENTS, beginning of year 309,766 207,681
CASH AND CASH EQUIVALENTS, end of period 1,094,341 421,073
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (156,800) (120,563)
Cash paid for income taxes (2,525) (1,324)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Deposit on pending sale (255,000) 0
Change in accrued capital expenditures (52,715) 8,672
Adjustment to oil and natural gas properties for estimated contract loss 0 10,000
Asset retirement costs capitalized 2,421 3,232
Common stock issued in connection with acquisition 0 542,138
Amended
    
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Realized loss (gain) on derivative contracts 0 117,108
Financing
    
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Realized loss (gain) on derivative contracts $ (5,299) $ (21,125)