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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ (186,131) $ (414,941)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairments and other valuation losses 230,132 603,599
Depreciation, depletion and amortization 128,099 216,778
Asset retirement obligation 2,298 1,736
Deferred income taxes (106,200) (228,739)
Stock compensation 5,528 5,155
(Gain) loss on derivative instruments (428)  
Settlements on derivative instruments 5,068  
Changes in non-current assets and liabilities 1,863 1,046
Other, net 1,362 2,311
Changes in operating assets and liabilities:    
Receivables, net 33,147 72,397
Other current assets 11,982 9,894
Accounts payable and other current liabilities (41,660) (156,063)
Net cash provided by operating activities 85,060 113,173
Cash flows from investing activities:    
Oil and gas expenditures (176,395) (371,106)
Sales of oil and gas assets and other assets 13,059 1,180
Other capital expenditures (9,477) (18,848)
Net cash used by investing activities (172,813) (388,774)
Cash flows from financing activities:    
Dividends paid (15,104) (13,947)
Proceeds from exercise of stock options and other 114 4,618
Net cash provided by financing activities (14,990) (9,329)
Net change in cash and cash equivalents (102,743) (284,930)
Cash and cash equivalents at beginning of period 779,382 405,862
Cash and cash equivalents at end of period $ 676,639 $ 120,932