XML 52 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net (loss) income $ (39,960) $ 61,015
Adjustments to reconcile net (loss) income to net cash provided from operating activities:    
Income from discontinued operations   (15,484)
Loss from equity method investments, net of distributions 2,252 18,777
Deferred income tax (benefit) expense (17,910) 35,345
Depletion, depreciation and amortization and impairment 333,293 282,810
Exploration dry hole costs 832 2,516
Mark-to-market on natural gas, NGLs and oil derivatives not designated as hedges (30,076) (67,093)
Abandonment and impairment of unproved properties 104,048 52,064
Unrealized derivative loss (gain) 5,061 (2,531)
Allowance for bad debts   446
Amortization of deferred financing costs, loss on extinguishment of debt and other 5,970 23,753
Deferred and stock-based compensation 58,573 66,759
Loss on the sale of assets 12,704 1,280
Changes in working capital:    
Accounts receivable (9,479) (34,356)
Inventory and other (5,394) 875
Accounts payable 11,074 (7,262)
Accrued liabilities and other 30,135 9,953
Net cash provided from continuing operations 461,123 428,867
Net cash provided from discontinued operations   19,478
Net cash provided from operating activities 461,123 448,345
Investing activities:    
Additions to natural gas and oil properties (1,151,167) (859,785)
Additions to field service assets (3,056) (5,915)
Acreage purchases (175,041) (151,118)
Proceeds from disposal of assets 32,082 40,264
Purchase of marketable securities held by the deferred compensation plan (33,997) (15,626)
Proceeds from the sales of marketable securities held by the deferred compensation plan 21,485 8,452
Net cash used in investing activities from continuing operations (1,309,694) (983,728)
Net cash provided from investing activities from discontinued operations   840,723
Net cash used in investing activities (1,309,694) (143,005)
Financing activities:    
Borrowing on credit facilities 1,139,000 490,826
Repayment on credit facilities (865,000) (764,826)
Issuance of subordinated notes 600,000 500,000
Repayment of subordinated notes   (413,698)
Dividends paid (19,475) (19,305)
Debt issuance costs (12,606) (22,003)
Issuance of common stock 2,073 585
Change in cash overdrafts (15,750) (39,761)
Proceeds from the sales of common stock held by the deferred compensation plan 20,388 11,878
Net cash provided from (used in) financing activities 848,630 (256,304)
Increase in cash and cash equivalents 59 49,036
Cash and cash equivalents at beginning of period 92 2,848
Cash and cash equivalents at end of period $ 151 $ 51,884