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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and equivalents $ 423,063 $ 283,183
Canadian government securities with maturities greater than 90 days at the date of acquisition 146,087 173,288
Accounts receivable, less allowance for doubtful accounts of $1,605 in 2016 and 2015 521,434 522,672
Inventories, at lower of cost or market    
Crude oil 31,971 25,583
Materials and supplies 134,775 141,205
Prepaid expenses 132,190 212,962
Deferred income taxes 45,498 51,183
Assets held for sale 263,912 38,340
Total current assets 1,698,930 1,448,416
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $12,438,436 in 2016 and $11,924,193 in 2015 9,492,348 9,818,365
Deferred charges and other assets 269,419 227,031
Total assets 11,460,697 11,493,812
Current liabilities    
Current maturities of long-term debt 19,078 18,881
Accounts payable and accrued liabilities 1,338,177 1,643,632
Income taxes payable 13,552 4,819
Liabilities associated with assets held for sale 6,948 7,297
Total current liabilities 1,377,755 1,674,629
Long-term debt, including capital lease obligation 3,409,518 3,040,594
Deferred income taxes 205,913 239,811
Asset retirement obligations 823,070 793,474
Deferred credits and other liabilities $ 439,353 $ 438,576
Stockholders' equity    
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,055,724 shares in 2016 and 2015 $ 195,056 $ 195,056
Capital in excess of par value 906,733 910,074
Retained earnings 5,953,132 6,212,201
Accumulated other comprehensive loss [1] (552,875) (704,542)
Treasury stock, 22,860,555 shares of Common Stock in 2016 and 23,021,013 shares of Common Stock in 2015, at cost (1,296,958) (1,306,061)
Total stockholders' equity 5,205,088 5,306,728
Total liabilities and stockholders' equity $ 11,460,697 $ 11,493,812
[1] All amounts are presented net of income taxes.