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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Operating Activities      
Net income $ 168,253 $ 58,464 [1]  
Adjustments to reconcile net income to net cash provided by continuing operations activities:      
(Income) loss from discontinued operations 437 (969) [1]  
Depreciation, depletion and amortization 230,733 236,154 [1]  
Dry hole costs (credits) (9) 2,904  
Amortization of undeveloped leases 13,168 9,957  
Accretion of asset retirement obligations 9,914 10,556 [1]  
Deferred income tax (benefit) charge (145,920) 58,533  
Pretax loss (gain) from disposition of assets 339 (131,982)  
Net decrease in noncash operating working capital 41,554 43,418  
Other operating activities, net (39,948) 18,478  
Net cash provided by operating activities 278,521 305,513  
Investing Activities      
Property additions and dry hole costs (273,901) (211,631)  
Proceeds from sales of property, plant and equipment 260 64,097  
Purchases of investment securities [2]   (212,661)  
Proceeds from maturity of investment securities [2]   113,210  
Net cash required by investing activities (273,641) (246,985)  
Financing Activities      
Capital lease obligation payments (2,404) (9,660)  
Withholding tax on stock-based incentive awards (6,642) (5,808)  
Cash dividends paid (43,258) (43,136)  
Net cash provided by financing activities (52,304) (58,604)  
Effect of exchange rate changes on cash and cash equivalents 21,051 3,132  
Net increase (decrease) in cash and cash equivalents (26,373) 3,056  
Cash and cash equivalents at beginning of period 964,988 872,797 $ 872,797
Cash and cash equivalents at end of period $ 938,615 $ 875,853 $ 964,988
[1] Reclassified to conform to current presentation (see Notes A and B).
[2] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.