XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES    
Net income (loss) $ (14,441)us-gaap_NetIncomeLoss $ 155,253us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities:    
Loss from discontinued operations 17,971us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 14,033us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Depreciation, depletion and amortization 481,027us-gaap_DepreciationDepletionAndAmortization 396,249us-gaap_DepreciationDepletionAndAmortization
Amortization of deferred major repair costs 2,108us-gaap_OtherAmortizationOfDeferredCharges 2,741us-gaap_OtherAmortizationOfDeferredCharges
Dry hole costs 78,629us-gaap_ResultsOfOperationsDryHoleCosts 87,909us-gaap_ResultsOfOperationsDryHoleCosts
Amortization of undeveloped leases 21,606us-gaap_AmortizationOfLeasedAsset 12,830us-gaap_AmortizationOfLeasedAsset
Accretion of asset retirement obligations 11,769us-gaap_AssetRetirementObligationAccretionExpense 12,065us-gaap_AssetRetirementObligationAccretionExpense
Deferred and noncurrent income tax charges (benefits) (184,186)us-gaap_DeferredIncomeTaxExpenseBenefit 23,167us-gaap_DeferredIncomeTaxExpenseBenefit
Pretax gains from disposition of assets (135,877)us-gaap_GainLossOnDispositionOfAssets1 (19)us-gaap_GainLossOnDispositionOfAssets1
Net decrease in noncash operating working capital 258,807us-gaap_IncreaseDecreaseInOperatingCapital 18,673us-gaap_IncreaseDecreaseInOperatingCapital
Other operating activities, net (3,569)us-gaap_OtherOperatingActivitiesCashFlowStatement 2,973us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided by continuing operations activities 533,844us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 725,874us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES    
Property additions and dry hole costs (823,840)us-gaap_PaymentsToAcquireProductiveAssets (996,218)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from sales of property, plant and equipment 417,242us-gaap_ProceedsFromSaleOfProductiveAssets 26us-gaap_ProceedsFromSaleOfProductiveAssets
Purchase of investment securities (265,739)us-gaap_PaymentsToAcquireInvestments [1] (240,802)us-gaap_PaymentsToAcquireInvestments [1]
Proceeds from maturity of investment securities 301,464us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments [1] 243,641us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments [1]
Other investing activities, net (226)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (3,736)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash required by investing activities (371,099)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (997,089)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES    
Borrowings of debt 155,000us-gaap_ProceedsFromNotesPayable 479,000us-gaap_ProceedsFromNotesPayable
Repayments of debt (450,000)us-gaap_RepaymentsOfNotesPayable  
Repayment of capital lease obligation (2,471)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations  
Purchase of treasury stock   (250,000)us-gaap_PaymentsForRepurchaseOfCommonStock
Withholding tax on stock-based incentive awards (8,976)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (6,319)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Cash dividends paid (62,287)us-gaap_PaymentsOfDividendsCommonStock (56,073)us-gaap_PaymentsOfDividendsCommonStock
Other financing activities, net (108)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (240)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided (required) by financing activities (368,842)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 166,368us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Operating activities (64,859)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (58,753)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Investing activities 46us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (4,866)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Changes in cash included in current assets held for sale 64,707mur_CashAndCashEquivalentsPeriodIncreaseDecreaseDiscontinuedOperations 68,758mur_CashAndCashEquivalentsPeriodIncreaseDecreaseDiscontinuedOperations
Net increase in cash and cash equivalents of discontinued operations (106)us-gaap_NetCashProvidedByUsedInDiscontinuedOperations 5,139us-gaap_NetCashProvidedByUsedInDiscontinuedOperations
Effect of exchange rate changes on cash and cash equivalents (6,103)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1,835)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (212,306)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (101,543)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at January 1 1,193,308us-gaap_CashAndCashEquivalentsAtCarryingValue [2] 750,155us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at March 31 $ 981,002us-gaap_CashAndCashEquivalentsAtCarryingValue $ 648,612us-gaap_CashAndCashEquivalentsAtCarryingValue
[1] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.
[2] Reclassified to conform to current presentation.