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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 631,395 $ 518,874
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 694,729 500,359
Property impairments 161,960 93,153
Change in fair value of derivatives 37,638 (192,752)
Stock-based compensation 29,460 20,804
Provision for deferred income taxes 360,599 323,543
Dry hole costs 9,180 319
Gain on sale of assets, net (112) (67,139)
Other, net 4,308 3,604
Changes in assets and liabilities:    
Accounts receivable (178,171) (112,316)
Inventories (8,529) (6,285)
Prepaid expenses and other (11,118) (5,080)
Accounts payable trade 151,266 (26,918)
Revenues and royalties payable 46,611 49,499
Accrued liabilities and other 41,791 48,240
Other noncurrent assets and liabilities 7,446 (8)
Net cash provided by operating activities 1,978,453 1,147,897
Cash flows from investing activities    
Exploration and development (2,767,448) (2,584,434)
Purchase of producing crude oil and natural gas properties (12,404) (62,519)
Purchase of other property and equipment (41,942) (45,472)
Proceeds from sale of assets and other 22,406 101,298
Net cash used in investing activities (2,799,388) (2,591,127)
Cash flows from financing activities    
Revolving credit facility borrowings 470,000 1,524,000
Repayment of revolving credit facility (1,065,000) (1,882,000)
Proceeds from issuance of Senior Notes 1,479,375 1,999,000
Proceeds from other debt 0 22,000
Repayment of other debt (1,457) (1,101)
Debt issuance costs (2,263) (7,117)
Repurchase of equity grants (3,942) (5,711)
Exercise of stock options 0 60
Net cash provided by financing activities 876,713 1,649,131
Net change in cash and cash equivalents 55,778 205,901
Cash and cash equivalents at beginning of period 35,729 53,544
Cash and cash equivalents at end of period $ 91,507 $ 259,445