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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (2,408,948) $ 507,204 $ 564,689
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairments and other valuation losses 3,716,883    
Depreciation, depletion and amortization 778,923 806,021 615,874
Asset retirement obligation 9,121 10,082 7,989
Deferred income taxes (1,388,146) 298,293 329,700
Stock compensation 19,559 15,001 14,279
(Gain) loss on derivative instruments (11,246) (3,762) 209
Settlements on derivative instruments   7,641 (4,088)
Changes in non-current assets and liabilities 23,230 (2,440) (141,215)
Other, net 4,206 (3,828) 751
Changes in operating assets and liabilities:      
Receivables, net 186,699 (35,133) (64,780)
Other current assets 37,954 (25,428) 14,234
Accounts payable and other current liabilities (276,735) 45,714 (13,294)
Net cash provided by operating activities 691,500 1,619,365 1,324,348
Cash flows from investing activities:      
Oil and gas expenditures (979,044) (2,108,250) (1,572,288)
Sales of oil and gas assets 39,853 449,981 61,503
Sales of other assets 1,178 8,413 31,661
Other capital expenditures (70,592) (90,611) (51,913)
Net cash used by investing activities (1,008,605) (1,740,467) (1,531,037)
Cash flows from financing activities:      
Net bank debt borrowings   (174,000) 174,000
Proceeds from other long-term debt   750,000  
Proceeds from sale of common stock 752,100    
Financing and underwriting fees (24,633) (11,616) (100)
Dividends paid (58,281) (53,849) (46,712)
Proceeds from exercise of stock options and other 21,439 11,898 14,494
Net cash provided by financing activities 690,625 522,433 141,682
Net change in cash and cash equivalents 373,520 401,331 (65,007)
Cash and cash equivalents at beginning of period 405,862 4,531 69,538
Cash and cash equivalents at end of period $ 779,382 $ 405,862 $ 4,531