XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 1,179,644 $ 814,663
Accounts receivable, net 293,765 349,218
Derivative contracts 9,002 12,779
Costs in excess of billings and contract loss 4,144 4,079
Prepaid expenses 13,567 39,253
Other current assets 25,823 21,831
Total current assets 1,525,945 1,241,823
Oil and natural gas properties, using full cost method of accounting    
Proved 10,443,534 [1] 10,972,816 [1]
Unproved 292,459 531,606
Less: accumulated depreciation, depletion and impairment (6,043,109) (5,762,969)
Net oil and natural gas properties capitalized costs 4,692,884 5,741,453
Other property, plant and equipment, net 559,342 566,222
Derivative contracts 18,048 14,126
Other assets 82,038 121,171
Total assets 6,878,257 7,684,795
Current liabilities    
Accounts payable and accrued expenses 581,764 812,488
Derivative contracts 14,175 34,267
Asset retirement obligations 0 87,063
Other current liabilities 16,467 0
Total current liabilities 612,406 933,818
Long-term debt 3,195,036 3,194,907
Derivative contracts 0 20,564
Asset retirement obligations 53,103 337,054
Other long-term obligations 20,173 22,825
Total liabilities 3,880,718 4,509,168
Commitments and contingencies (Note 10)      
Preferred stock, $0.001 par value, 50,000 shares authorized    
Common stock, $0.001 par value, 800,000 shares authorized; 495,719 issued and 494,651 outstanding at March 31, 2014 and 491,609 issued and 490,290 outstanding at December 31, 2013 485 483
Additional paid-in capital 5,302,051 5,298,301
Additional paid-in capital—stockholder receivable (3,750) (3,750)
Treasury stock, at cost (6,898) (8,770)
Accumulated deficit (3,602,358) (3,460,462)
Total SandRidge Energy, Inc. stockholders’ equity 1,689,538 1,825,810
Noncontrolling interest 1,308,001 1,349,817
Total equity 2,997,539 3,175,627
Total liabilities and equity 6,878,257 7,684,795
8.5% Convertible perpetual preferred stock; 2,650 shares issued and outstanding at March 31, 2014 and December 31, 2013; 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 March 31, 2014 and December 31, 2013; 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 March 31, 2014 and December 31, 2013; 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 $25.9 million and $23.4 million at March 31, 2014 and December 31, 2013, respectively.