Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows

3 Months Ended

8 Months Ended

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Mar. 31, 2013

Linn Energy, LLC [Member]

Dec. 31, 2012

Linn Energy, LLC [Member]

Balance Sheet and Cash Flow Supplemental Disclosures [Text Block]

Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows

“Other accrued liabilities” reported on the condensed consolidated balance sheets include the following:

	March 31, 2013		December 31, 2012
	(in thousands)
Accrued compensation	$	13,886	$	35,431
Accrued interest	123,407		72,668
Other	7,754		7,146
	$	145,047	$	115,245

Supplemental disclosures to the condensed consolidated statements of cash flows are presented below:

	Three Months Ended March 31,
	2013			2012
	(in thousands)
Cash payments for interest, net of amounts capitalized	$	44,209		$	42,517
Cash payments for income taxes	$	—		$	20
Noncash investing activities:
In connection with the acquisition of oil and natural gas properties and joint-venture funding, assets were acquired and liabilities were assumed as follows:
Fair value of assets acquired	$	8,101		$	1,257,765
Fair value of liabilities assumed	15,093			(28,233		)
Receivables from sellers	(1,212		)	772
Payables to sellers	(6,854		)	—
Cash paid	$	15,128		$	1,230,304

For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid short-term investments with original maturities of three months or less to be cash equivalents. Restricted cash of approximately $5 million is included in “other noncurrent assets” on the condensed consolidated balance sheets at March 31, 2013, and December 31, 2012, and represents cash deposited by the Company into a separate account and designated for asset retirement obligations in accordance with contractual agreements.

The Company manages its working capital and cash requirements to borrow only as needed from its Credit Facility. At December 31, 2012, reclassified net outstanding checks of approximately $35 million were included in “accounts payable and accrued expenses” on the condensed consolidated balance sheet. There was no such balance at March 31, 2013. The Company presents these net outstanding checks as cash flows from financing activities on the condensed consolidated statements of cash flows.

Supplemental Disclosures to the Consolidated Balance Sheets and Consolidated Statements of Cash Flows

Supplemental Disclosures to the Consolidated Balance Sheets and Consolidated Statements of Cash Flows

“Other accrued liabilities” reported on the consolidated balance sheets include the following:

	December 31,
	2012		2011
	(in thousands)
Accrued compensation	$	35,431	$	19,581
Accrued interest	72,668		55,170
Other	7,146		1,147
	$	115,245	$	75,898

Supplemental disclosures to the consolidated statements of cash flows are presented below:

	Year Ended December 31,
	2012			2011			2010
	(in thousands)
Cash payments for interest, net of amounts capitalized	$	343,331		$	247,217		$	128,807
Cash payments for income taxes	$	366		$	487		$	1,797
Noncash investing activities:
In connection with the acquisition of oil and natural gas properties, liabilities were assumed as follow:
Fair value of assets acquired	$	2,923,990		$	1,523,466		$	1,375,010
Cash paid, net of cash acquired	(2,640,475		)	(1,500,193		)	(1,351,033		)
Receivable from seller	2,132			3,557			9,976
Payables to sellers	443			(4,847		)	—
Liabilities assumed	$	286,090		$	21,983		$	33,953

For purposes of the consolidated statements of cash flows, the Company considers all highly liquid short-term investments with original maturities of three months or less to be cash equivalents. Restricted cash of approximately $5 million and $4 million is included in “other noncurrent assets” on the consolidated balance sheets at December 31, 2012, and December 31, 2011, respectively, and represents cash deposited by the Company into a separate account and designated for asset retirement obligations in accordance with contractual agreements.

The Company manages its working capital and cash requirements to borrow only as needed from its Credit Facility. At December 31, 2012, and December 31, 2011, approximately $35 million and $54 million, respectively, were included in “accounts payable and accrued expenses” on the consolidated balance sheets which represent reclassified net outstanding checks. The Company presents these net outstanding checks as cash flows from financing activities on the consolidated statements of cash flows.

Supplemental Disclosures to the Statement of Cash Flows

Supplemental Disclosures to the Statement of Cash Flows

For the three months ended March 31, 2013, LinnCo incurred and recorded approximately $12 million of general and administrative expenses and certain offering costs, of which approximately $2 million had been paid by LINN Energy on LinnCo’s behalf as of March 31, 2013. All of these expenses and costs are paid by LINN Energy on LinnCo’s behalf, and therefore, are accounted for as capital contributions and reflected as noncash transactions by LinnCo.

Supplemental Disclosures to the Statement of Cash Flows

LinnCo incurred and recorded approximately $4 million of general and administrative expenses and certain offering costs. All of these expenses and costs were paid by LINN Energy on LinnCo’s behalf, and therefore, were accounted for as capital contributions and reflected as noncash transactions for LinnCo.