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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Measurements  
Recurring Fair Value Measurements

 

 

 

 

Fair Value as of June 30, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

Available-for-sale equity securities from energy industry

 

$

77,800

 

$

862

 

$

 

$

78,662

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

19,685

 

 

19,685

 

Mortgage-backed debt securities

 

 

216

 

 

216

 

Mortgage-CMO debt securities

 

 

209

 

 

209

 

Asset-backed debt securities

 

1,060

 

 

 

1,060

 

Total short-term investments

 

$

78,860

 

$

20,972

 

$

 

$

99,832

Fair Value of Financial Instruments

 

 

 

 

June 30, 2013

 

December 31, 2012

 

 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

 

 

(In thousands)

 

6.15% senior notes due February 2018

 

$

969,318

 

$

1,082,328

 

$

968,708

 

$

1,164,813

 

9.25% senior notes due January 2019

 

1,111,000

 

1,383,806

 

1,125,000

 

1,492,819

 

5.00% senior notes due September 2020

 

697,795

 

717,535

 

697,648

 

770,707

 

4.625% senior notes due September 2021

 

698,027

 

696,367

 

697,907

 

755,517

 

Subsidiary preferred stock

 

69,188

 

70,500

 

69,188

 

68,625

 

Revolving credit facility

 

300,000

 

300,000

 

890,000

 

890,000

 

Commercial paper

 

295,000

 

295,000

 

 

 

Other

 

11,496

 

11,496

 

437

 

437

 

 

 

$

4,151,824

 

$

4,557,032

 

$

4,448,888

 

$

5,142,918