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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net loss $ (25,000) $ (212,048)
Adjustments to reconcile net loss to net cash provided by continuing operations activities:    
(Income) loss from discontinued operations (1,177) 885
Depreciation, depletion and amortization 714,782 797,288
Impairment of assets   95,088
Amortization of deferred major repair costs   3,794
Dry hole costs (credits) (1,139) 15,226
Amortization of undeveloped leases 40,859 35,828
Accretion of asset retirement obligations 31,638 35,514
Deferred and noncurrent income tax benefit (3,567) (345,157)
Pretax gains from disposition of assets (130,765) (3,101)
Net (increase) decrease in noncash operating working capital 1,070 (152,618) [1]
Other operating activities, net 192,867 9,651
Net cash provided by continuing operations activities 819,568 280,350
Investing Activities    
Property additions and dry hole costs (706,417) (781,668) [2]
Proceeds from sales of property, plant and equipment 69,146 1,154,623
Purchases of investment securities [3] (212,661) (651,218)
Proceeds from maturity of investment securities [3] 320,828 712,863
Other investing activities, net   (7,229)
Net cash (required) provided by investing activities (529,104) 427,371
Financing Activities    
Borrowings of debt 541,772 541,444
Repayments of debt (550,000) (600,000)
Capital lease obligation payments (14,687) (7,808)
Withholding tax on stock-based incentive awards (7,151) (1,138)
Issue cost of debt facility   (13,971)
Cash dividends paid (129,421) (163,586)
Other financing activities, net   (20)
Net cash required by financing activities (159,487) (245,079)
Cash Flows from Discontinued Operations    
Operating activities 12,134 2,830
Changes in cash included in current assets held for sale (12,904) (2,830)
Net change in cash and cash equivalents of discontinued operations (770)
Effect of exchange rate changes on cash and cash equivalents (5,797) 7,268
Net increase in cash and cash equivalents 124,410 469,910
Cash and cash equivalents at beginning of period 872,797 283,183
Cash and cash equivalents at end of period $ 997,207 $ 753,093
[1] 2016 balance includes payments for deepwater rig contract exit of $266.6 million.
[2] Includes costs of $206.7 million associated with acquisition of Kaybob Duvernay and Placid Montney.
[3] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.