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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net Income (Loss) $ (166,357) $ (127,021)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 236,397 284,224
Asset impairment 220,025 66,996
Accretion of discount on asset retirement obligations 3,536 3,679
Deferred income taxes (93,018) (67,734)
Change in derivative fair value 64,159 156,135
Gain on sale of assets (161,110) (27,503)
Stock-based compensation expense 7,975 11,107
Exploration, including dry holes 16 6,498
Other, net 3,558 7,474
Net change in:    
Accounts receivable 35,415 52,036
Inventories (876) (3,737)
Accounts payable (16,619) (15,413)
Accrued taxes/income tax receivable 19,259 790
Pension contributions (14,546) (10,902)
Other current assets and liabilities (16,989) (558)
Net cash provided by operating activities 120,825 336,071
Investing Activities    
Additions to oil and natural gas properties (228,204) (728,284)
Acquisitions, net of cash acquired (27,765) (46,203)
Proceeds from the sale of assets, net 285,497 393,094
Purchase of short-term investments 0 (919,000)
Sale of short-term investments 0 919,000
Net cash provided by (used in) investing activities 29,528 (381,393)
Financing Activities    
Payment of dividends on common stock 0 (2,923)
Issuance of common stock, net 381,219 399,272
Net change in credit facility (222,500) (352,000)
Tax benefit on stock compensation (455) 631
Net cash provided by financing activities 158,264 44,980
Net change in cash and cash equivalents 308,617 (342)
Cash and cash equivalents at beginning of period 1,272 1,852
Cash and cash equivalents at end of period $ 309,889 $ 1,510