XML 94 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 814,663 $ 309,766
Accounts receivable, net 349,218 445,506
Derivative contracts 12,779 71,022
Costs in excess of billings and contract loss 4,079 11,229
Prepaid expenses 39,253 31,319
Restricted deposit 0 255,000
Other current assets 21,831 19,043
Total current assets 1,241,823 1,142,885
Oil and natural gas properties, using full cost method of accounting    
Proved (includes development and project costs excluded from amortization of $45.6 million and $72.4 million at December 31, 2013 and 2012, respectively) 10,972,816 [1] 12,262,921 [1]
Unproved 531,606 865,863
Less: accumulated depreciation, depletion and impairment (5,762,969) (5,231,182)
Net oil and natural gas properties capitalized costs 5,741,453 7,897,602
Other property, plant and equipment, net 566,222 582,375
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
Billings and contract loss in excess of costs incurred 0 15,546
Derivative contracts 34,267 14,860
Asset retirement obligations 87,063 118,504
Deposit on pending sale 0 255,000
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
Other long-term obligations 22,825 17,046
Total liabilities 4,509,168 5,928,276
Commitments and contingencies (Note 15)      
Preferred stock, $0.001 par value, 50,000 shares authorized    
Common stock, $0.001 par value, 800,000 shares authorized; 491,609 issued and 490,290 outstanding at December 31, 2013 and 491,578 issued and 490,359 outstanding at December 31, 2012 483 476
Additional paid-in capital 5,298,301 5,233,019
Additional paid-in capital—stockholder receivable (3,750) (5,000)
Treasury stock, at cost (8,770) (8,602)
Accumulated deficit (3,460,462) (2,851,048)
Total 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
Total liabilities and equity 7,684,795 9,790,731
8.5% Convertible perpetual preferred stock; 2,650 shares issued and outstanding at December 31, 2013 and 2012; aggregate liquidation preference of $265,000
   
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock 3 3
6.0% Convertible perpetual preferred stock; 2,000 shares issued and outstanding at December 31, 2013 and 2012; aggregate liquidation preference of $200,000
   
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock 2 2
7.0% Convertible perpetual preferred stock; 3,000 shares issued and outstanding at December 31, 2013 and 2012; aggregate liquidation preference of $300,000
   
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock $ 3 $ 3
[1] Includes cumulative capitalized interest of approximately $23.4 million and $11.7 million at December 31, 2013 and 2012, respectively.