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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net (loss) income including noncontrolling interest $ (833,102) $ 196,011
Adjustments to reconcile net (loss) income to net cash (required) provided by continuing operations activities:    
Loss (income) from discontinued operations 6,129 (74,264)
Depreciation, depletion and amortization 537,548 493,708
Previously suspended exploration costs 7,677 12,901
Amortization of undeveloped leases 14,770 15,150
Accretion of asset retirement obligations 20,435 19,237
Impairment of assets 987,146 0
Noncash restructuring expense 17,565 0
Deferred income tax (benefit) expense (167,902) 18,001
Mark to market (gain) loss on contingent consideration (43,529) 28,890
Mark to market (gain) loss on crude contracts (173,848) (50,831)
Long-term non-cash compensation 22,760 44,755
Net decrease (increase) in noncash operating working capital 1,335 (5,366)
Other operating activities, net (27,605) (42,761)
Net cash provided by continuing operations activities 369,379 655,431
Investing Activities    
Property additions and dry hole costs (537,601) (645,169)
Property additions for King's Quay FPS (51,635) 0
Acquisition of oil and gas properties 0 (1,226,261)
Proceeds from sales of property, plant and equipment 0 16,816
Net cash required by investing activities (589,236) (1,854,614)
Financing Activities    
Borrowings on revolving credit facility 370,000 1,075,000
Repayment of revolving credit facility (200,000) 0
Cash dividends paid (57,590) (85,503)
Distributions to noncontrolling interest (32,400) (68,776)
Early retirement of debt (12,225) 0
Withholding tax on stock-based incentive awards (7,247) (6,991)
Debt issuance, net of cost (613) 0
Proceeds from term loan and other loans 371 500,000
Capital lease obligation payments (336) (335)
Repurchase of common stock 0 (299,924)
Net cash provided by financing activities 59,960 1,113,471
Cash Flows from Discontinued Operations    
Operating activities [1] (1,202) 122,272
Investing activities [1] 4,494 (49,798)
Financing activities [1] 0 (4,914)
Net cash provided by discontinued operations [1] 3,292 67,560
Cash transferred from discontinued operations to continuing operations 0 48,565
Effect of exchange rate changes on cash and cash equivalents (1,358) 3,268
Net increase (decrease) in cash and cash equivalents (161,255) (33,879)
Cash and cash equivalents at beginning of period 306,760 359,923
Cash and cash equivalents at end of period $ 145,505 $ 326,044
[1] Net cash provided by discontinued operations is not part of the cash flow reconciliation. See Notes to Consolidated Financial Statements, page 7.