XML 15 R1.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 479,149 $ 218,145
Accounts receivable 99,390 135,730
Derivative instruments 52,607 60,182
Inventory 24,391 32,633
Other current assets 32,816 34,993
Total current assets 688,353 481,683
Oil and gas properties, full cost method of accounting:    
Proved, net of accumulated depletion of $7,985,396 and $7,813,494 2,209,505 1,850,459
Unproved 780,214 751,784
Net oil and gas properties 2,989,719 2,602,243
Other property and equipment, net of accumulated depreciation and amortization of $55,106 and $50,491 117,951 113,435
Net property and equipment 3,107,670 2,715,678
Deferred income taxes 259,408 284,021
Goodwill 257,386 256,842
Derivative instruments 18,342 8,244
Other assets 46,554 38,920
TOTAL ASSETS 4,377,713 3,785,388
Current liabilities:    
Accounts payable and accrued liabilities 313,619 252,200
Accrued interest 23,059 23,630
Derivative instruments 42,428 36,413
Deferred income taxes   6,911
Current portion of long-term debt 286,031 287,092
Asset retirement obligations 3,934 561
Other current liabilities 25,378 22,567
Total current liabilities 694,449 629,374
Long-term debt 1,866,111 1,582,280
Asset retirement obligations 87,139 86,752
Derivative instruments 5,390  
Deferred income taxes 69,031 57,560
Other liabilities 75,882 76,635
Total liabilities 2,798,002 2,432,601
Forest Oil Corporation shareholders' equity:    
Preferred stock, none issued and outstanding    
Common stock, 114,412,436 and 113,594,788 shares issued and outstanding 11,441 11,359
Capital surplus 2,799,155 2,684,269
Accumulated deficit (1,389,325) (1,424,905)
Accumulated other comprehensive income 74,316 82,064
Total Forest Oil Corporation shareholders' equity 1,495,587 1,352,787
Noncontrolling interest 84,124  
Total equity 1,579,711 1,352,787
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,377,713 $ 3,785,388