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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income (loss) $ 40,893 $ (195,872)
Adjustments to reconcile net loss to net cash provided by continuing operations activities:    
Income from discontinued operations (752) (708)
Depreciation, depletion and amortization 471,146 541,388
Impairment of assets   95,088
Amortization of deferred major repair costs   3,798
Dry hole costs 1,904 14,270
Amortization of undeveloped leases 20,306 25,419
Accretion of asset retirement obligations 20,984 24,471
Deferred income tax expense (benefit) 33,130 (316,201)
Pretax gains from disposition of assets (130,648) (3,831)
Net (increase) decrease in noncash operating working capital 42,581 (86,793)
Other operating activities, net 91,918 12,349
Net cash provided by continuing operations activities 591,462 113,378
Investing Activities    
Property additions and dry hole costs (431,654) (604,587)
Proceeds from sales of property, plant and equipment 64,303 1,153,325
Purchases of investment securities [1] (212,661) (651,218)
Proceeds from maturity of investment securities [1] 284,193 701,378
Other investing activities, net   (7,640)
Net cash (required) provided by investing activities (295,819) 591,258
Financing Activities    
Repayments of debt   (600,000)
Capital lease obligation payments (11,983) (5,172)
Withholding tax on stock-based incentive awards (7,081) (1,138)
Cash dividends paid (86,278) (120,535)
Net cash required by financing activities (105,342) (726,845)
Cash Flows from Discontinued Operations    
Operating activities   5,185
Changes in cash included in current assets held for sale   (5,185)
Net change in cash and cash equivalents of discontinued operations
Effect of exchange rate changes on cash and cash equivalents (4,611) 6,509
Net increase in cash and cash equivalents 185,690 (15,700)
Cash and cash equivalents at beginning of period 872,797 283,183
Cash and cash equivalents at end of period $ 1,058,487 $ 267,483
[1] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.