XML 15 R99.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidating Balance Sheets of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
Current assets        
Cash and cash equivalents $ 920,257 $ 309,766 $ 673,680 $ 207,681
Accounts receivable, net 390,882 445,506    
Intercompany accounts receivable 0 0    
Derivative contracts 8,306 71,022    
Prepaid expenses 37,857 31,319    
Restricted deposit 0 255,000    
Other current assets 45,960 30,272    
Total current assets 1,403,262 1,142,885    
Property, plant and equipment, net 6,126,074 8,479,977    
Investment in subsidiaries 0 0    
Derivative contracts 15,478 23,617    
Other assets 124,630 144,252    
Total assets 7,669,444 9,790,731    
Current liabilities        
Accounts payable and accrued expenses 774,115 766,544    
Intercompany accounts payable 0 0    
Derivative contracts 36,471 14,860    
Asset retirement obligations 71,446 118,504    
Deposit on pending sale 0 255,000    
Other current liabilities   15,546    
Total current liabilities 882,032 1,170,454    
Long-term debt 3,194,784 4,301,083    
Derivative contracts 24,542 59,787    
Asset retirement obligations 358,301 379,906    
Other long-term obligations 24,237 17,046    
Total liabilities 4,483,896 5,928,276    
Equity        
SandRidge Energy, Inc. stockholders' equity 1,813,859 2,368,853    
Noncontrolling interest 1,371,689 1,493,602    
Total equity 3,185,548 3,862,455    
Total liabilities and equity 7,669,444 9,790,731    
Parent
       
Current assets        
Cash and cash equivalents 910,443 300,228 663,359 204,015
Accounts receivable, net 0 0    
Intercompany accounts receivable 88,834 2,162,471    
Derivative contracts 0 0    
Prepaid expenses 0 0    
Restricted deposit   0    
Other current assets 1,375 1,375    
Total current assets 1,000,652 2,464,074    
Property, plant and equipment, net 0 0    
Investment in subsidiaries 5,157,937 5,425,907    
Derivative contracts 0 0    
Other assets 64,284 83,642    
Total assets 6,222,873 7,973,623    
Current liabilities        
Accounts payable and accrued expenses 170,920 261,215    
Intercompany accounts payable 978,981 975,578    
Derivative contracts 0 2,394    
Asset retirement obligations 0 0    
Deposit on pending sale   0    
Other current liabilities   0    
Total current liabilities 1,149,901 1,239,187    
Long-term debt 3,200,686 4,306,985    
Derivative contracts 0 0    
Asset retirement obligations 0 0    
Other long-term obligations 1,876 1,329    
Total liabilities 4,352,463 5,547,501    
Equity        
SandRidge Energy, Inc. stockholders' equity 1,870,410 2,426,122    
Noncontrolling interest 0 0    
Total equity 1,870,410 2,426,122    
Total liabilities and equity 6,222,873 7,973,623    
Guarantors
       
Current assets        
Cash and cash equivalents 838 922 824 437
Accounts receivable, net 366,791 411,197    
Intercompany accounts receivable 1,000,435 397,238    
Derivative contracts 4,530 60,736    
Prepaid expenses 37,776 31,135    
Restricted deposit   255,000    
Other current assets 27,462 24,188    
Total current assets 1,437,832 1,180,416    
Property, plant and equipment, net 4,972,981 7,236,685    
Investment in subsidiaries (88,307) (86,235)    
Derivative contracts 12,089 15,957    
Other assets 66,208 66,512    
Total assets 6,400,803 8,413,335    
Current liabilities        
Accounts payable and accrued expenses 597,412 492,866    
Intercompany accounts payable 113,285 1,594,180    
Derivative contracts 43,465 30,664    
Asset retirement obligations 71,446 118,504    
Deposit on pending sale   255,000    
Other current liabilities   15,546    
Total current liabilities 825,608 2,506,760    
Long-term debt 0 0    
Derivative contracts 36,596 85,241    
Asset retirement obligations 358,301 379,710    
Other long-term obligations 22,361 15,717    
Total liabilities 1,242,866 2,987,428    
Equity        
SandRidge Energy, Inc. stockholders' equity 5,157,937 5,425,907    
Noncontrolling interest 0 0    
Total equity 5,157,937 5,425,907    
Total liabilities and equity 6,400,803 8,413,335    
Non-Guarantors
       
Current assets        
Cash and cash equivalents 8,976 8,616 9,497 3,229
Accounts receivable, net 24,091 34,309    
Intercompany accounts receivable 75,743 683,406    
Derivative contracts 10,770 28,484    
Prepaid expenses 81 184    
Restricted deposit   0    
Other current assets 17,123 4,709    
Total current assets 136,784 759,708    
Property, plant and equipment, net 1,208,678 1,298,877    
Investment in subsidiaries 0 0    
Derivative contracts 15,443 33,114    
Other assets 40 0    
Total assets 1,360,945 2,091,699    
Current liabilities        
Accounts payable and accrued expenses 5,783 12,463    
Intercompany accounts payable 71,780 671,673    
Derivative contracts 0 0    
Asset retirement obligations 0 0    
Deposit on pending sale   0    
Other current liabilities   0    
Total current liabilities 77,563 684,136    
Long-term debt 0 0    
Derivative contracts 0 0    
Asset retirement obligations 0 196    
Other long-term obligations 0 0    
Total liabilities 77,563 684,332    
Equity        
SandRidge Energy, Inc. stockholders' equity 1,283,382 1,407,367    
Noncontrolling interest 0 0    
Total equity 1,283,382 1,407,367    
Total liabilities and equity 1,360,945 2,091,699    
Eliminations
       
Current assets        
Cash and cash equivalents 0 0 0 0
Accounts receivable, net 0 0    
Intercompany accounts receivable (1,165,012) (3,243,115)    
Derivative contracts (6,994) (18,198)    
Prepaid expenses 0 0    
Restricted deposit   0    
Other current assets 0 0    
Total current assets (1,172,006) (3,261,313)    
Property, plant and equipment, net (55,585) (55,585)    
Investment in subsidiaries (5,069,630) (5,339,672)    
Derivative contracts (12,054) (25,454)    
Other assets (5,902) (5,902)    
Total assets (6,315,177) (8,687,926)    
Current liabilities        
Accounts payable and accrued expenses 0 0    
Intercompany accounts payable (1,164,046) (3,241,431)    
Derivative contracts (6,994) (18,198)    
Asset retirement obligations 0 0    
Deposit on pending sale   0    
Other current liabilities   0    
Total current liabilities (1,171,040) (3,259,629)    
Long-term debt (5,902) (5,902)    
Derivative contracts (12,054) (25,454)    
Asset retirement obligations 0 0    
Other long-term obligations 0 0    
Total liabilities (1,188,996) (3,290,985)    
Equity        
SandRidge Energy, Inc. stockholders' equity (6,497,870) (6,890,543)    
Noncontrolling interest 1,371,689 1,493,602    
Total equity (5,126,181) (5,396,941)    
Total liabilities and equity $ (6,315,177) $ (8,687,926)