XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income (loss) including noncontrolling interest $ 419,486,000 $ (311,789,000) [1] $ (275,970,000) [1]
Adjustments to reconcile net loss to net cash provided by continuing operations activities:      
Loss from discontinued operations 3,522,000 853,000 [1] 2,027,000 [1]
Depreciation, depletion and amortization 971,901,000 957,719,000 [1] 1,054,081,000 [1]
Impairment of assets 20,000,000 0 95,088,000 [1]
Amortization of deferred major repair costs     3,794,000
Dry hole costs (credits) 20,624,000 (4,163,000) 15,047,000
Amortization of undeveloped leases 40,177,000 61,776,000 43,417,000
Accretion of asset retirement obligations 44,559,000 42,590,000 [1] 46,742,000 [1]
Deferred income tax expense (benefit) (183,680,000) 260,420,000 (387,843,000)
Pretax gains from disposition of assets (54,000) (127,434,000) (1,663,000)
Net (increase) decrease in noncash operating working capital (169,808,000) 136,414,000 (38,689,000)
Other operating activities, net 52,669,000 111,689,000 44,764,000
Net cash provided by continuing operations activities 1,219,396,000 1,128,075,000 600,795,000
Investing Activities      
Acquisition of oil properties (794,623,000)    
Property additions and dry hole costs (1,102,805,000) (1,009,667,000) (926,948,000)
Proceeds from sales of property, plant and equipment 1,383,000 69,506,000 1,155,144,000
Purchase of investment securities [2]   (212,661,000) (695,879,000)
Proceeds from maturity of investment securities [2]   320,828,000 761,000,000
Other investing activities, net     (7,230,000)
Net cash provided (required) by investing activities (1,896,045,000) (831,994,000) 286,087,000
Financing Activities      
Borrowings of debt 325,000,000 541,597,000 541,444,000
Repayments of debt   (550,000,000) (600,000,000)
Capital lease obligation payments (9,750,000) (17,133,000) (10,447,000)
Issue cost of debt facility (6,366,000)   (14,085,000)
Cash dividends paid (173,044,000) (172,565,000) (206,635,000)
Other financing activities, net (8,076,000) (7,116,000) (1,158,000)
Net cash required by financing activities 127,764,000 (205,217,000) (290,881,000)
Effect of exchange rate changes on cash and cash equivalents (28,730,000) 1,327,000 (6,387,000)
Net increase (decrease) in cash and cash equivalents (577,615,000) 92,191,000 589,614,000
Cash and cash equivalents at beginning of period 964,988,000 872,797,000 283,183,000
Cash and cash equivalents at end of period $ 387,373,000 $ 964,988,000 $ 872,797,000
[1] Reclassified to conform to current presentation (see Note B).
[2] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.