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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Cash Flow Revisions for Prior Periods | Net cash provided by (used in) operating activities increased (decreased) and net cash provided by (used in) financing activities decreased (increased) by the same amount as shown in the table below for the historical years ended December 31, 2012 and 2011.
|  | Year Ended December 31,
|  | 2012 |  | 2011
|  | (In thousands)
Parent |  | $ | 945,448 |  |  | $ | 288,415 |
Guarantors |  | $ | (809,099 | ) |  | $ | (172,927 | )
Non-Guarantors |  | $ | (136,349 | ) |  | $ | (115,488 | )
Condensed Consolidating Balance Sheets of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors | Condensed Consolidating Balance Sheets
| December 31, 2013
| Parent(1) |  | Guarantors(2) |  | Non-Guarantors |  | Eliminations(1)(2) |  | Consolidated
| (In thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 805,505 |  |  | $ | 1,013 |  |  | $ | 8,145 |  |  | $ | — |  |  | $ | 814,663 |
Accounts receivable, net | — |  |  | 326,345 |  |  | 22,873 |  |  | — |  |  | 349,218 |
Intercompany accounts receivable | 153,325 |  |  | 982,524 |  |  | 70,107 |  |  | (1,205,956 | ) |  | — |
Derivative contracts | — |  |  | 7,796 |  |  | 14,748 |  |  | (9,765 | ) |  | 12,779 |
Prepaid expenses | — |  |  | 39,165 |  |  | 88 |  |  | — |  |  | 39,253 |
Other current assets | 1,376 |  |  | 24,410 |  |  | 124 |  |  | — |  |  | 25,910 |
Total current assets | 960,206 |  |  | 1,381,253 |  |  | 116,085 |  |  | (1,215,721 | ) |  | 1,241,823 |
Property, plant and equipment, net | — |  |  | 5,125,543 |  |  | 1,182,132 |  |  | — |  |  | 6,307,675 |
Investment in subsidiaries | 6,009,603 |  |  | 49,418 |  |  | — |  |  | (6,059,021 | ) |  | — |
Derivative contracts | — |  |  | 12,650 |  |  | 9,585 |  |  | (8,109 | ) |  | 14,126 |
Other assets | 61,923 |  |  | 65,123 |  |  | 27 |  |  | (5,902 | ) |  | 121,171 |
Total assets | $ | 7,031,732 |  |  | $ | 6,633,987 |  |  | $ | 1,307,829 |  |  | $ | (7,288,753 | ) |  | $ | 7,684,795 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 207,572 |  |  | $ | 601,074 |  |  | $ | 3,842 |  |  | $ | — |  |  | $ | 812,488 |
Intercompany accounts payable | 967,365 |  |  | 181,573 |  |  | 57,018 |  |  | (1,205,956 | ) |  | — |
Derivative contracts | — |  |  | 44,032 |  |  | — |  |  | (9,765 | ) |  | 34,267 |
Asset retirement obligations | — |  |  | 87,063 |  |  | — |  |  | — |  |  | 87,063 |
Total current liabilities | 1,174,937 |  |  | 913,742 |  |  | 60,860 |  |  | (1,215,721 | ) |  | 933,818 |
Investment in subsidiaries | 828,794 |  |  | 152,266 |  |  | — |  |  | (981,060 | ) |  | — |
Long-term debt | 3,200,809 |  |  | — |  |  | — |  |  | (5,902 | ) |  | 3,194,907 |
Derivative contracts | — |  |  | 28,673 |  |  | — |  |  | (8,109 | ) |  | 20,564 |
Asset retirement obligations | — |  |  | 337,054 |  |  | — |  |  | — |  |  | 337,054 |
Other long-term obligations | 1,382 |  |  | 21,443 |  |  | — |  |  | — |  |  | 22,825 |
Total liabilities | 5,205,922 |  |  | 1,453,178 |  |  | 60,860 |  |  | (2,210,792 | ) |  | 4,509,168 |
Equity |  |  |  |  |  |  |  |  |
SandRidge Energy, Inc. stockholders’ equity | 1,825,810 |  |  | 5,180,809 |  |  | 1,246,969 |  |  | (6,427,778 | ) |  | 1,825,810 |
Noncontrolling interest | — |  |  | — |  |  | — |  |  | 1,349,817 |  |  | 1,349,817 |
Total equity | 1,825,810 |  |  | 5,180,809 |  |  | 1,246,969 |  |  | (5,077,961 | ) |  | 3,175,627 |
Total liabilities and equity | $ | 7,031,732 |  |  | $ | 6,633,987 |  |  | $ | 1,307,829 |  |  | $ | (7,288,753 | ) |  | $ | 7,684,795 |
____________________
(1) | Amounts presented as Investment in subsidiaries have been revised to present negative investments in certain subsidiaries, totaling $828.8 million, as liabilities and to present $55.6 million Parent gain on sale of subsidiary with full cost pool assets in 2012 as a reduction to Guarantor full cost pool (property, plant and equipment, net) and a reduction to Parent equity. Gain on sale of subsidiary was previously classified as an adjustment to the consolidated full cost pool through elimination in the condensed consolidating balance sheets. The impact of these revisions was not material to any previously issued financial statements.
(2) | Amounts presented as Investment in subsidiaries have been revised to present negative investments in certain subsidiaries, totaling $152.3 million, as liabilities. Property, plant and equipment, net has been revised to present $55.6 million Parent gain on sale of subsidiary with full cost pool assets in 2012 as a reduction to the Guarantor full cost pool (property, plant and equipment, net) and a reduction to Guarantor equity. Gain on sale of subsidiary was previously classified as an adjustment to the consolidated full cost pool through elimination in the condensed consolidating balance sheets. The impact of these revisions was not material to any previously issued financial statements.
| December 31, 2012 (Revised)
| Parent(1) |  | Guarantors(2)(3) |  | Non-Guarantors |  | Eliminations(1)(2) |  | Consolidated(3)
| (In thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 300,228 |  |  | $ | 922 |  |  | $ | 8,616 |  |  | $ | — |  |  | $ | 309,766 |
Accounts receivable, net | — |  |  | 411,197 |  |  | 34,309 |  |  | — |  |  | 445,506 |
Intercompany accounts receivable | 2,162,471 |  |  | 397,238 |  |  | 683,406 |  |  | (3,243,115 | ) |  | — |
Derivative contracts | — |  |  | 60,736 |  |  | 28,484 |  |  | (18,198 | ) |  | 71,022 |
Prepaid expenses | — |  |  | 31,135 |  |  | 184 |  |  | — |  |  | 31,319 |
Restricted deposit | — |  |  | 255,000 |  |  | — |  |  | — |  |  | 255,000 |
Other current assets | 1,375 |  |  | 24,188 |  |  | 4,709 |  |  | — |  |  | 30,272 |
Total current assets | 2,464,074 |  |  | 1,180,416 |  |  | 759,708 |  |  | (3,261,313 | ) |  | 1,142,885 |
Property, plant and equipment, net | — |  |  | 7,181,100 |  |  | 1,298,877 |  |  | — |  |  | 8,479,977 |
Investment in subsidiaries | 6,029,671 |  |  | 61,042 |  |  | — |  |  | (6,090,713 | ) |  | — |
Derivative contracts | — |  |  | 15,957 |  |  | 33,114 |  |  | (25,454 | ) |  | 23,617 |
Other assets | 83,642 |  |  | 66,512 |  |  | — |  |  | (5,902 | ) |  | 144,252 |
Total assets | $ | 8,577,387 |  |  | $ | 8,505,027 |  |  | $ | 2,091,699 |  |  | $ | (9,383,382 | ) |  | $ | 9,790,731 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 261,215 |  |  | $ | 508,412 |  |  | $ | 12,463 |  |  | $ | — |  |  | $ | 782,090 |
Intercompany accounts payable | 975,578 |  |  | 1,595,864 |  |  | 671,673 |  |  | (3,243,115 | ) |  | — |
Derivative contracts | 2,394 |  |  | 30,664 |  |  | — |  |  | (18,198 | ) |  | 14,860 |
Asset retirement obligations | — |  |  | 118,504 |  |  | — |  |  | — |  |  | 118,504 |
Deposit on pending sale | — |  |  | 255,000 |  |  | — |  |  | — |  |  | 255,000 |
Total current liabilities | 1,239,187 |  |  | 2,508,444 |  |  | 684,136 |  |  | (3,261,313 | ) |  | 1,170,454 |
Investment in subsidiaries | 661,033 |  |  | 147,277 |  |  | — |  |  | (808,310 | ) |  | — |
Long-term debt | 4,306,985 |  |  | — |  |  | — |  |  | (5,902 | ) |  | 4,301,083 |
Derivative contracts | — |  |  | 85,241 |  |  | — |  |  | (25,454 | ) |  | 59,787 |
Asset retirement obligations | — |  |  | 379,710 |  |  | 196 |  |  | — |  |  | 379,906 |
Other long-term obligations | 1,329 |  |  | 15,717 |  |  | — |  |  | — |  |  | 17,046 |
Total liabilities | 6,208,534 |  |  | 3,136,389 |  |  | 684,332 |  |  | (4,100,979 | ) |  | 5,928,276 |
Equity |  |  |  |  |  |  |  |  |
SandRidge Energy, Inc. stockholders’ equity | 2,368,853 |  |  | 5,368,638 |  |  | 1,407,367 |  |  | (6,776,005 | ) |  | 2,368,853 |
Noncontrolling interest | — |  |  | — |  |  | — |  |  | 1,493,602 |  |  | 1,493,602 |
Total equity | 2,368,853 |  |  | 5,368,638 |  |  | 1,407,367 |  |  | (5,282,403 | ) |  | 3,862,455 |
Total liabilities and equity | $ | 8,577,387 |  |  | $ | 8,505,027 |  |  | $ | 2,091,699 |  |  | $ | (9,383,382 | ) |  | $ | 9,790,731 |
Condensed Consolidating Statements of Operations of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors | Condensed Consolidating Statements of Operations
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |
Total revenues | $ | — |  |  | $ | 1,675,481 |  |  | $ | 308,300 |  |  | $ | (393 | ) |  | $ | 1,983,388 |
Expenses |  |  |  |  |  |  |  |  |
Direct operating expenses | — |  |  | 654,080 |  |  | 29,143 |  |  | (393 | ) |  | 682,830 |
General and administrative | 329 |  |  | 323,808 |  |  | 6,288 |  |  | — |  |  | 330,425 |
Depreciation, depletion, amortization and accretion | — |  |  | 581,435 |  |  | 85,210 |  |  | — |  |  | 666,645 |
Impairment | — |  |  | 15,038 |  |  | 11,242 |  |  | — |  |  | 26,280 |
Loss on derivative contracts | — |  |  | 24,702 |  |  | 22,421 |  |  | — |  |  | 47,123 |
Loss on sale of assets | — |  |  | 291,743 |  |  | 107,343 |  |  | — |  |  | 399,086 |
Total expenses | 329 |  |  | 1,890,806 |  |  | 261,647 |  |  | (393 | ) |  | 2,152,389 |
(Loss) income from operations | (329 | ) |  | (215,325 | ) |  | 46,653 |  |  | — |  |  | (169,001 | )
Equity earnings from subsidiaries | (195,118 | ) |  | 3,075 |  |  | — |  |  | 192,043 |  |  | — |
Interest (expense) income, net | (271,193 | ) |  | 959 |  |  | — |  |  | — |  |  | (270,234 | )
Loss on extinguishment of debt | (82,005 | ) |  | — |  |  | — |  |  | — |  |  | (82,005 | )
Other income (expense), net | — |  |  | 16,173 |  |  | (3,728 | ) |  | — |  |  | 12,445 |
(Loss) income before income taxes | (548,645 | ) |  | (195,118 | ) |  | 42,925 |  |  | 192,043 |  |  | (508,795 | )
Income tax expense | 5,244 |  |  | — |  |  | 440 |  |  | — |  |  | 5,684 |
Net (loss) income | (553,889 | ) |  | (195,118 | ) |  | 42,485 |  |  | 192,043 |  |  | (514,479 | )
Less: net income attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | 39,410 |  |  | 39,410 |
Net (loss) income attributable to SandRidge Energy, Inc. | $ | (553,889 | ) |  | $ | (195,118 | ) |  | $ | 42,485 |  |  | $ | 152,633 |  |  | $ | (553,889 | )
| Parent(2) |  | Guarantors(1)(3) |  | Non-Guarantors |  | Eliminations(2)(3) |  | Consolidated(1)
| (In thousands)
Year Ended December 31, 2012 (Revised) |  |  |  |  |  |  |  |  |
Total revenues | $ | — |  |  | $ | 1,638,741 |  |  | $ | 404,418 |  |  | $ | (108,517 | ) |  | $ | 1,934,642 |
Expenses |  |  |  |  |  |  |  |  |
Direct operating expenses | — |  |  | 596,028 |  |  | 146,416 |  |  | (107,095 | ) |  | 635,349 |
General and administrative | 367 |  |  | 235,102 |  |  | 7,635 |  |  | (1,422 | ) |  | 241,682 |
Depreciation, depletion, amortization and accretion | — |  |  | 570,786 |  |  | 87,044 |  |  | — |  |  | 657,830 |
Impairment | — |  |  | 236,671 |  |  | 79,333 |  |  | — |  |  | 316,004 |
Gain on derivative contracts | — |  |  | (198,732 | ) |  | (42,687 | ) |  | — |  |  | (241,419 | )
Total expenses | 367 |  |  | 1,439,855 |  |  | 277,741 |  |  | (108,517 | ) |  | 1,609,446 |
(Loss) income from operations | (367 | ) |  | 198,886 |  |  | 126,677 |  |  | — |  |  | 325,196 |
Equity earnings from subsidiaries | 347,715 |  |  | 20,667 |  |  | — |  |  | (368,382 | ) |  | — |
Interest (expense) income | (303,510 | ) |  | 725 |  |  | (564 | ) |  | — |  |  | (303,349 | )
Bargain purchase gain | — |  |  | 122,696 |  |  | — |  |  | — |  |  | 122,696 |
Loss on extinguishment of debt | (3,075 | ) |  | — |  |  | — |  |  | — |  |  | (3,075 | )
Other income, net | — |  |  | 4,741 |  |  | — |  |  | — |  |  | 4,741 |
Income before income taxes | 40,763 |  |  | 347,715 |  |  | 126,113 |  |  | (368,382 | ) |  | 146,209 |
Income tax (benefit) expense | (100,808 | ) |  | — |  |  | 446 |  |  | — |  |  | (100,362 | )
Net income | 141,571 |  |  | 347,715 |  |  | 125,667 |  |  | (368,382 | ) |  | 246,571 |
Less: net income attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | 105,000 |  |  | 105,000 |
Net income attributable to SandRidge Energy, Inc. | $ | 141,571 |  |  | $ | 347,715 |  |  | $ | 125,667 |  |  | $ | (473,382 | ) |  | $ | 141,571 |
____________________
(1) | Guarantor and consolidated total revenues, direct operating expenses and total expenses have been reduced by $796.3 million from amounts previously presented. See Note 2.
(2) | Parent and elimination results have been revised to remove amounts previously recorded as Parent gain on sale of subsidiary totaling $55.6 million. The impact of these revisions was not material to any previously issued financial statements.
(3) | Guarantor and elimination other income, net has been revised to remove $79.1 million of Trust unit sales previously recorded as subsidiary earnings on the Parent income statement. The impact of these revisions was not material to any previously issued financial statements.
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Year Ended December 31, 2011 |  |  |  |  |  |  |  |  |
Total revenues | $ | — |  |  | $ | 1,285,854 |  |  | $ | 268,427 |  |  | $ | (139,068 | ) |  | $ | 1,415,213 |
Expenses |  |  |  |  |  |  |  |  |
Direct operating expenses | — |  |  | 477,917 |  |  | 158,697 |  |  | (138,051 | ) |  | 498,563 |
General and administrative | 416 |  |  | 144,574 |  |  | 4,670 |  |  | (1,017 | ) |  | 148,643 |
Depreciation, depletion, amortization, accretion and impairment | — |  |  | 351,708 |  |  | 31,361 |  |  | — |  |  | 383,069 |
Gain on derivative contracts | — |  |  | (33,749 | ) |  | (10,326 | ) |  | — |  |  | (44,075 | )
Total expenses | 416 |  |  | 940,450 |  |  | 184,402 |  |  | (139,068 | ) |  | 986,200 |
(Loss) income from operations | (416 | ) |  | 345,404 |  |  | 84,025 |  |  | — |  |  | 429,013 |
Equity earnings from subsidiaries | 376,838 |  |  | 28,751 |  |  | — |  |  | (405,589 | ) |  | — |
Interest expense | (236,109 | ) |  | (197 | ) |  | (1,026 | ) |  | — |  |  | (237,332 | )
Loss on extinguishment of debt | (38,232 | ) |  | — |  |  | — |  |  | — |  |  | (38,232 | )
Other income, net | — |  |  | 2,880 |  |  | 242 |  |  | — |  |  | 3,122 |
Income before income taxes | 102,081 |  |  | 376,838 |  |  | 83,241 |  |  | (405,589 | ) |  | 156,571 |
Income tax (benefit) expense | (5,984 | ) |  | — |  |  | 167 |  |  | — |  |  | (5,817 | )
Net income | 108,065 |  |  | 376,838 |  |  | 83,074 |  |  | (405,589 | ) |  | 162,388 |
Less: net income attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | 54,323 |  |  | 54,323 |
Net income attributable to SandRidge Energy, Inc. | $ | 108,065 |  |  | $ | 376,838 |  |  | $ | 83,074 |  |  | $ | (459,912 | ) |  | $ | 108,065 |
Condensed Consolidating Statements of Cash Flows of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors | Condensed Consolidating Statements of Cash Flows
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (239,026 | ) |  | $ | 852,026 |  |  | $ | 254,723 |  |  | $ | 907 |  |  | $ | 868,630 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant and equipment | — |  |  | (1,496,731 | ) |  | — |  |  | — |  |  | (1,496,731 | )
Proceeds from sale of assets | — |  |  | 2,566,742 |  |  | 17,373 |  |  | — |  |  | 2,584,115 |
Other | — |  |  | 89,606 |  |  | 3,197 |  |  | (109,831 | ) |  | (17,028 | )
Net cash provided by (used in) investing activities | — |  |  | 1,159,617 |  |  | 20,570 |  |  | (109,831 | ) |  | 1,070,356 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |
Repayments of borrowings | (1,115,500 | ) |  | — |  |  | — |  |  | — |  |  | (1,115,500 | )
Premium on debt redemption | (61,997 | ) |  | — |  |  | — |  |  | — |  |  | (61,997 | )
Distributions to owners | — |  |  | — |  |  | (299,675 | ) |  | 93,205 |  |  | (206,470 | )
Dividends paid—preferred | (55,525 | ) |  | — |  |  | — |  |  | — |  |  | (55,525 | )
Intercompany borrowings (advances), net | 2,009,146 |  |  | (2,018,212 | ) |  | 9,066 |  |  | — |  |  | — |
Other | (31,821 | ) |  | 6,660 |  |  | 14,845 |  |  | 15,719 |  |  | 5,403 |
Net cash provided by (used in) financing activities | 744,303 |  |  | (2,011,552 | ) |  | (275,764 | ) |  | 108,924 |  |  | (1,434,089 | )
Net increase (decrease) in cash and cash equivalents | 505,277 |  |  | 91 |  |  | (471 | ) |  | — |  |  | 504,897 |
Cash and cash equivalents at beginning of year | 300,228 |  |  | 922 |  |  | 8,616 |  |  | — |  |  | 309,766 |
Cash and cash equivalents at end of year | $ | 805,505 |  |  | $ | 1,013 |  |  | $ | 8,145 |  |  | $ | — |  |  | $ | 814,663 |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Year Ended December 31, 2012 (Revised) |  |  |  |  |  |  |  |  |
Net cash provided by operating activities(1) | $ | 285,567 |  |  | $ | 264,717 |  |  | $ | 162,281 |  |  | $ | 70,595 |  |  | $ | 783,160 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant and equipment | — |  |  | (2,112,547 | ) |  | (33,825 | ) |  | — |  |  | (2,146,372 | )
Acquisitions, net of cash received | (693,091 | ) |  | (147,649 | ) |  | (587,086 | ) |  | 587,086 |  |  | (840,740 | )
Proceeds from sale of assets | 129,830 |  |  | 942,675 |  |  | 1,333 |  |  | (642,671 | ) |  | 431,167 |
Other | (61,343 | ) |  | 278,708 |  |  | — |  |  | (217,365 | ) |  | — |
Net cash used in investing activities | (624,604 | ) |  | (1,038,813 | ) |  | (619,578 | ) |  | (272,950 | ) |  | (2,555,945 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 1,850,344 |  |  | — |  |  | — |  |  | — |  |  | 1,850,344 |
Repayments of borrowings | (350,000 | ) |  | — |  |  | (16,029 | ) |  | — |  |  | (366,029 | )
Proceeds from issuance of royalty trust units | — |  |  | — |  |  | 587,086 |  |  | — |  |  | 587,086 |
Proceeds from the sale of royalty trust units | — |  |  | — |  |  | — |  |  | 139,360 |  |  | 139,360 |
Distributions to unitholders | — |  |  | — |  |  | (274,980 | ) |  | 93,253 |  |  | (181,727 | )
Dividends paid—preferred | (55,525 | ) |  | — |  |  | — |  |  | — |  |  | (55,525 | )
Intercompany (advances) borrowings, net(1) | (945,448 | ) |  | 809,099 |  |  | 136,349 |  |  | — |  |  | — |
Other | (64,121 | ) |  | (34,518 | ) |  | 30,258 |  |  | (30,258 | ) |  | (98,639 | )
Net cash provided by financing activities(1) | 435,250 |  |  | 774,581 |  |  | 462,684 |  |  | 202,355 |  |  | 1,874,870 |
Net increase in cash and cash equivalents | 96,213 |  |  | 485 |  |  | 5,387 |  |  | — |  |  | 102,085 |
Cash and cash equivalents at beginning of year | 204,015 |  |  | 437 |  |  | 3,229 |  |  | — |  |  | 207,681 |
Cash and cash equivalents at end of year | $ | 300,228 |  |  | $ | 922 |  |  | $ | 8,616 |  |  | $ | — |  |  | $ | 309,766 |
(1) | Net cash provided by financing activities has been revised to include intercompany (advances) borrowings, net previously included in net cash provided by operating activities. Amounts represent cash flows between the Parent and the Guarantors and Non-Guarantors resulting from the Parent’s centralized treasury activities. The impact of these revisions was not material to any previously issued financial statements.
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Year Ended December 31, 2011 |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities(1) | $ | 702,369 |  |  | $ | (221,992 | ) |  | $ | (9,005 | ) |  | $ | (12,418 | ) |  | $ | 458,954 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant and equipment | — |  |  | (1,726,131 | ) |  | (975 | ) |  | — |  |  | (1,727,106 | )
Proceeds from sale of assets | — |  |  | 1,776,907 |  |  | 26 |  |  | (917,528 | ) |  | 859,405 |
Other | — |  |  | (2,074 | ) |  | (917,528 | ) |  | 884,974 |  |  | (34,628 | )
Net cash provided by (used in) investing activities | — |  |  | 48,702 |  |  | (918,477 | ) |  | (32,554 | ) |  | (902,329 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 2,033,000 |  |  | — |  |  | — |  |  | — |  |  | 2,033,000 |
Repayments of borrowings | (2,123,000 | ) |  | (6,302 | ) |  | (991 | ) |  | — |  |  | (2,130,293 | )
Proceeds from issuance royalty trust units | — |  |  | — |  |  | 917,528 |  |  | — |  |  | 917,528 |
Distributions to unitholders | — |  |  | — |  |  | (96,664 | ) |  | 36,464 |  |  | (60,200 | )
Dividends paid—preferred | (56,742 | ) |  | — |  |  | — |  |  | — |  |  | (56,742 | )
Intercompany (advances) borrowings, net(1) | (288,415 | ) |  | 172,927 |  |  | 115,488 |  |  | — |  |  | — |
Other | (64,638 | ) |  | 6,538 |  |  | (8,508 | ) |  | 8,508 |  |  | (58,100 | )
Net cash (used in) provided by financing activities(1) | (499,795 | ) |  | 173,163 |  |  | 926,853 |  |  | 44,972 |  |  | 645,193 |
Net increase (decrease) in cash and cash equivalents | 202,574 |  |  | (127 | ) |  | (629 | ) |  | — |  |  | 201,818 |
Cash and cash equivalents at beginning of year | 1,441 |  |  | 564 |  |  | 3,858 |  |  | — |  |  | 5,863 |
Cash and cash equivalents at end of year | $ | 204,015 |  |  | $ | 437 |  |  | $ | 3,229 |  |  | $ | — |  |  | $ | 207,681 |
(1) | Net cash provided by financing activities has been revised to include intercompany (advances) borrowings, net previously included in net cash provided by operating activities. Amounts represent cash flows between the Parent and the Guarantors and Non-Guarantors resulting from the Parent’s centralized treasury activities. The impact of these revisions was not material to any previously issued financial statements.

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