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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (456,421) $ (1,015,156)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairments and other valuation losses 629,326 1,570,886
Depreciation, depletion and amortization 251,976 434,229
Asset retirement obligation 4,048 3,778
Deferred income taxes (260,419) (570,795)
Stock compensation 13,018 10,143
(Gain) loss on derivative instruments 32,808  
Settlements on derivative instruments 8,927  
Changes in non-current assets and liabilities 2,548 2,942
Other, net 2,644 3,276
Changes in operating assets and liabilities:    
Receivables, net (4,327) 92,473
Other current assets 17,328 16,121
Accounts payable and other current liabilities (27,752) (177,352)
Net cash provided by operating activities 213,704 370,545
Cash flows from investing activities:    
Oil and gas expenditures (325,058) (599,222)
Sales of oil and gas assets and other assets 12,854 9,233
Other capital expenditures (17,774) (35,882)
Net cash used by investing activities (329,978) (625,871)
Cash flows from financing activities:    
Proceeds from sale of common stock   752,100
Financing and underwriting fees (1) (22,563)
Dividends paid (22,655) (28,129)
Proceeds from exercise of stock options and other 1,287 4,936
Net cash provided by financing activities (21,369) 706,344
Net change in cash and cash equivalents (137,643) 451,018
Cash and cash equivalents at beginning of period 779,382 405,862
Cash and cash equivalents at end of period $ 641,739 $ 856,880