XML 45 R133.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors' (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Current assets        
Cash and cash equivalents $ 814,663 $ 309,766 $ 207,681 $ 5,863
Accounts receivable, net 349,218 445,506    
Intercompany accounts receivable 0 0    
Derivative contracts 12,779 71,022    
Prepaid expenses 39,253 31,319    
Restricted deposit 0 255,000    
Other current assets 25,910 30,272    
Total current assets 1,241,823 1,142,885    
Property, plant and equipment, net 6,307,675 8,479,977    
Investment in subsidiaries 0 0    
Derivative contracts 14,126 23,617    
Other assets 121,171 144,252    
Total assets 7,684,795 9,790,731    
Current liabilities        
Accounts payable and accrued expenses 812,488 766,544    
Intercompany accounts payable 0 0    
Derivative contracts 34,267 14,860    
Asset retirement obligations 87,063 118,504 32,906  
Deposit on pending sale 0 255,000    
Other current liabilities   15,546    
Total current liabilities 933,818 1,170,454    
Long-term debt 3,194,907 4,301,083    
Derivative contracts 20,564 59,787    
Asset retirement obligations 337,054 379,906 95,210  
Other long-term obligations 22,825 17,046    
Total liabilities 4,509,168 5,928,276    
Equity        
SandRidge Energy, Inc. stockholders' equity 1,825,810 2,368,853    
Noncontrolling interest 1,349,817 1,493,602    
Total equity 3,175,627 3,862,455 2,548,950 1,547,483
Total liabilities and equity 7,684,795 9,790,731    
Parent
        
Current assets        
Cash and cash equivalents 805,505 300,228 204,015 1,441
Accounts receivable, net 0 0    
Intercompany accounts receivable 153,325 2,162,471    
Derivative contracts 0 0    
Prepaid expenses 0 0    
Restricted deposit   0    
Other current assets 1,376 1,375    
Total current assets 960,206 2,464,074    
Property, plant and equipment, net 0 0    
Investment in subsidiaries 5,237,057 5,425,907    
Derivative contracts 0 0    
Other assets 61,923 83,642    
Total assets 6,259,186 7,973,623    
Current liabilities        
Accounts payable and accrued expenses 207,572 261,215    
Intercompany accounts payable 967,365 975,578    
Derivative contracts 0 2,394    
Asset retirement obligations 0 0    
Deposit on pending sale   0    
Other current liabilities   0    
Total current liabilities 1,174,937 1,239,187    
Long-term debt 3,200,809 4,306,985    
Derivative contracts 0 0    
Asset retirement obligations 0 0    
Other long-term obligations 1,382 1,329    
Total liabilities 4,377,128 5,547,501    
Equity        
SandRidge Energy, Inc. stockholders' equity 1,882,058 2,426,122    
Noncontrolling interest 0 0    
Total equity 1,882,058 2,426,122    
Total liabilities and equity 6,259,186 7,973,623    
Guarantors
        
Current assets        
Cash and cash equivalents 1,013 922 437 564
Accounts receivable, net 326,345 411,197    
Intercompany accounts receivable 982,524 397,238    
Derivative contracts 7,796 60,736    
Prepaid expenses 39,165 31,135    
Restricted deposit   255,000    
Other current assets 24,410 24,188    
Total current assets 1,381,253 1,180,416    
Property, plant and equipment, net 5,181,128 7,236,685    
Investment in subsidiaries (102,848) (86,235)    
Derivative contracts 12,650 15,957    
Other assets 65,123 66,512    
Total assets 6,537,306 8,413,335    
Current liabilities        
Accounts payable and accrued expenses 601,074 492,866    
Intercompany accounts payable 180,910 1,594,180    
Derivative contracts 44,032 30,664    
Asset retirement obligations 87,063 118,504    
Deposit on pending sale   255,000    
Other current liabilities   15,546    
Total current liabilities 913,079 2,506,760    
Long-term debt 0 0    
Derivative contracts 28,673 85,241    
Asset retirement obligations 337,054 379,710    
Other long-term obligations 21,443 15,717    
Total liabilities 1,300,249 2,987,428    
Equity        
SandRidge Energy, Inc. stockholders' equity 5,237,057 5,425,907    
Noncontrolling interest 0 0    
Total equity 5,237,057 5,425,907    
Total liabilities and equity 6,537,306 8,413,335    
Non-Guarantors
        
Current assets        
Cash and cash equivalents 8,145 8,616 3,229 3,858
Accounts receivable, net 22,873 34,309    
Intercompany accounts receivable 70,107 683,406    
Derivative contracts 14,748 28,484    
Prepaid expenses 88 184    
Restricted deposit   0    
Other current assets 124 4,709    
Total current assets 116,085 759,708    
Property, plant and equipment, net 1,182,132 1,298,877    
Investment in subsidiaries 0 0    
Derivative contracts 9,585 33,114    
Other assets 27 0    
Total assets 1,307,829 2,091,699    
Current liabilities        
Accounts payable and accrued expenses 3,842 12,463    
Intercompany accounts payable 57,018 671,673    
Derivative contracts 0 0    
Asset retirement obligations 0 0    
Deposit on pending sale   0    
Other current liabilities   0    
Total current liabilities 60,860 684,136    
Long-term debt 0 0    
Derivative contracts 0 0    
Asset retirement obligations 0 196    
Other long-term obligations 0 0    
Total liabilities 60,860 684,332    
Equity        
SandRidge Energy, Inc. stockholders' equity 1,246,969 1,407,367    
Noncontrolling interest 0 0    
Total equity 1,246,969 1,407,367    
Total liabilities and equity 1,307,829 2,091,699    
Eliminations
        
Current assets        
Cash and cash equivalents 0 0 0 0
Accounts receivable, net 0 0    
Intercompany accounts receivable (1,205,956) (3,243,115)    
Derivative contracts (9,765) (18,198)    
Prepaid expenses 0 0    
Restricted deposit   0    
Other current assets 0 0    
Total current assets (1,215,721) (3,261,313)    
Property, plant and equipment, net (55,585) (55,585)    
Investment in subsidiaries (5,134,209) (5,339,672)    
Derivative contracts (8,109) (25,454)    
Other assets (5,902) (5,902)    
Total assets (6,419,526) (8,687,926)    
Current liabilities        
Accounts payable and accrued expenses 0 0    
Intercompany accounts payable (1,205,293) (3,241,431)    
Derivative contracts (9,765) (18,198)    
Asset retirement obligations 0 0    
Deposit on pending sale   0    
Other current liabilities   0    
Total current liabilities (1,215,058) (3,259,629)    
Long-term debt (5,902) (5,902)    
Derivative contracts (8,109) (25,454)    
Asset retirement obligations 0 0    
Other long-term obligations 0 0    
Total liabilities (1,229,069) (3,290,985)    
Equity        
SandRidge Energy, Inc. stockholders' equity (6,540,274) (6,890,543)    
Noncontrolling interest 1,349,817 1,493,602    
Total equity (5,190,457) (5,396,941)    
Total liabilities and equity $ (6,419,526) $ (8,687,926)