XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Net Income $ 67,672 $ 36,997
Net income from discontinued operations, net of income taxes (23,599) (2,583)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities-    
Depreciation, depletion and amortization 151,232 121,459
Unrealized loss on derivative instruments, net 25,806 3,569
Accretion related to asset retirement obligations 355 280
Stock-based compensation, net of amounts capitalized 19,338 10,622
Allowance for doubtful accounts (105) (391)
Deferred income taxes 25,853 20,972
Amortization of debt discount and deferred financing costs, net of amounts capitalized 3,217 3,236
Other, net 1,894 2,646
Changes in operating assets and liabilities-    
Accounts receivable 1,910 (71,215)
Accounts payable 38,843 31,699
Accrued liabilities 2,049 23,325
Other, net (4,212) (3,977)
Net cash provided by operating activities - continuing operations 310,253 176,639
Net cash used in operating activities - discontinued operations (400) (402)
Net cash provided by operating activities 309,853 176,237
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures - oil and gas properties (571,069) (575,971)
Capital expenditures - other property and equipment (687) (3,689)
Increase (decrease) in capital expenditure payables and accruals 23,020 (14,583)
Proceeds from sales of oil and gas properties, net 20,753 207,250
Advances to operators 1,537 (852)
Advances for joint operations 26,459 (42,986)
Other, net (3,414) (5,389)
Net cash used in investing activities - continuing operations (503,401) (436,220)
Net cash provided by (used in) investing activities - discontinued operations 126,223 (29,442)
Net cash used in investing activities (377,178) (465,662)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings and issuances 437,000 1,036,000
Debt repayments (419,325) (783,000)
Payments of costs associated with revolving credit facility and debt issuance (1,075) (6,005)
Proceeds from stock options exercised 839 74
Net cash provided by financing activities - continuing operations 17,439 247,069
Net cash provided by financing activities - discontinued operations 3,000 28,532
Net cash provided by financing activities 20,439 275,601
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (46,886) (13,824)
CASH AND CASH EQUIVALENTS, beginning of period 52,614 28,112
CASH AND CASH EQUIVALENTS, end of period $ 5,728 $ 14,288