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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 863,293 $ 631,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 970,273 694,729
Property impairments 223,085 161,960
Non-cash (gain) loss on derivatives, net (269,018) 37,638
Stock-based compensation 39,419 29,460
Provision for deferred income taxes 504,737 360,599
Dry hole costs 9,142 9,180
(Gain) loss on sale of assets, net 952 (112)
Loss on Extinguishment of Debt 24,517 0
Other, net 5,986 4,308
Changes in assets and liabilities:    
Accounts receivable (192,178) (178,171)
Inventories (28,124) (8,529)
Prepaid expenses and other (7,017) (11,118)
Accounts payable trade 82,297 151,266
Revenues and royalties payable 32,500 46,611
Accrued liabilities and other 16,645 41,791
Other noncurrent assets and liabilities 1,342 7,446
Net cash provided by operating activities 2,277,851 1,978,453
Cash flows from investing activities    
Exploration and development (3,255,327) (2,767,448)
Purchase of producing crude oil and natural gas properties (48,305) (12,404)
Purchase of other property and equipment (51,974) (41,942)
Proceeds from sale of assets 129,346 22,406
Net cash used in investing activities (3,226,260) (2,799,388)
Cash flows from financing activities    
Credit facility borrowings 1,105,000 470,000
Repayment of credit facility (1,380,000) (1,065,000)
Proceeds from Issuance of Senior Notes 1,681,834 1,479,375
Early Repayment of Senior Debt (300,000) 0
Redemption Premium (17,497) 0
Repayment of other debt (1,503) (1,457)
Debt issuance costs (7,999) (2,263)
Repurchase of equity grants (7,618) (3,942)
Net cash provided by financing activities 1,072,217 876,713
Net change in cash and cash equivalents 123,808 55,778
Cash and cash equivalents at beginning of period 28,482 35,729
Cash and cash equivalents at end of period $ 152,290 $ 91,507