XML 73 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities:      
Net income (loss) $ 13,002 $ 58,026 $ (239,256)
Adjustments to reconcile net income (loss) to net cash provided from operating activities:      
(Gain) loss from discontinued operations   (15,320) 327,954
Loss (gain) from equity method investments, net of distributions 5,670 16,871 (7,366)
Deferred income tax expense 13,832 34,920 51,746
Depletion, depreciation and amortization and proved property impairment 480,782 379,902 281,743
Exploration dry hole costs 841 3,888 3,700
Mark-to-market on natural gas and oil derivatives not designated as hedges (gain) loss (5,958) (15,762) 2,086
Abandonment and impairment of unproved properties 125,278 79,703 49,738
Unrealized derivative loss (gain) 3,221 (2,183) (2,387)
Allowance for bad debts 750 946 3,608
Amortization of deferred financing costs, loss on extinguishment of debt and other 23,165 25,458 10,072
Deferred and stock-based compensation 60,136 86,979 34,964
Gain on the sale of assets (49,132) (2,259) (76,642)
Changes in working capital:      
Accounts receivable (48,986) (52,112) (6,512)
Inventory and other (7,376) 865 (333)
Accounts payable 13,654 738 2,867
Accrued liabilities and other 18,220 9,540 (2,096)
Net cash provided from continuing operations 647,099 610,200 433,886
Net cash provided from discontinued operations   21,437 79,436
Net cash provided from operating activities 647,099 631,637 513,322
Investing activities:      
Additions to natural gas and oil properties (1,498,628) (1,199,545) (732,860)
Additions to field service assets (4,762) (11,607) (14,944)
Acreage and proved property purchases (191,065) (226,500) (296,503)
Investment in equity method investments and other assets     (45)
Proceeds from disposal of assets 168,219 53,926 327,765
Purchase of marketable securities held by the deferred compensation plan (60,406) (25,388) (17,670)
Proceeds from the sales of marketable securities held by the deferred compensation plan 58,084 20,410 19,572
Net cash used in investing activities from continuing operations (1,528,558) (1,388,704) (714,685)
Net cash provided from (used in) investing activities from discontinued operations   840,723 (84,173)
Net cash used in investing activities (1,528,558) (547,981) (798,858)
Financing activities:      
Borrowing on credit facilities 1,773,000 887,826 1,055,000
Repayment on credit facilities (1,221,000) (974,826) (1,105,000)
Issuance of subordinated notes 600,000 500,000 500,000
Repayment of subordinated notes (259,375) (413,697) (202,458)
Dividends paid (25,981) (25,756) (25,574)
Debt issuance costs (12,605) (22,003) (9,600)
Issuance of common stock 2,073 619 5,903
Change in cash overdrafts (1,126) (51,474) 64,100
Proceeds from the sales of common stock held by the deferred compensation plan 26,633 12,899 5,246
Net cash provided from (used in) financing activities 881,619 (86,412) 287,617
Increase (decrease) in cash and cash equivalents 160 (2,756) 2,081
Cash and cash equivalents at beginning of year 92 2,848 767
Cash and cash equivalents at end of year $ 252 $ 92 $ 2,848