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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (353,668) $ 977,341 $ 764,219
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 1,746,454 1,368,311 965,437
Property impairments 402,131 616,888 220,508
Non-cash (gain) loss on derivatives, net (21,532) (174,409) 130,196
Stock-based compensation 51,834 54,353 39,890
Provision (benefit) for deferred income taxes (181,441) 584,677 442,621
Excess tax benefit from stock-based compensation (13,177) 0 0
Dry hole costs 8,381 23,679 9,350
Gain on sale of assets, net (23,149) (600) (88)
Loss on extinguishment of debt 0 24,517 0
Other, net 12,646 7,637 2,037
Changes in assets and liabilities:      
Accounts receivable 524,973 (129,634) (166,138)
Inventories 7,997 (65,919) (7,697)
Other current assets 65,493 (57,489) (11,537)
Accounts payable trade (201,434) 85,540 107,250
Revenues and royalties payable (85,754) (18,022) 28,401
Accrued liabilities and other (84,056) 58,880 44,260
Other noncurrent assets and liabilities 1,403 (35) (5,414)
Net cash provided by operating activities 1,857,101 3,355,715 2,563,295
Cash flows from investing activities:      
Exploration and development (3,042,747) (4,604,468) (3,660,773)
Purchase of producing crude oil and natural gas properties (557) (48,917) (16,604)
Purchase of other property and equipment (36,951) (63,402) (62,054)
Proceeds from sale of assets and other 34,008 129,388 28,420
Net cash used in investing activities (3,046,247) (4,587,399) (3,711,011)
Cash flows from financing activities:      
Credit facility borrowings 2,001,000 1,695,000 970,000
Repayment of credit facility (1,313,000) (1,805,000) (1,290,000)
Proceeds from issuance of Senior Notes 0 1,681,834 1,479,375
Redemption of Senior Notes 0 (300,000) 0
Premium on redemption of Senior Notes 0 (17,497) 0
Proceeds from other debt 500,000 0 0
Repayment of other debt (2,078) (2,013) (1,951)
Debt issuance costs (4,597) (8,026) (2,265)
Repurchase of restricted stock for tax withholdings (7,313) (16,583) (14,690)
Excess tax benefit from stock-based compensation 13,177 0 0
Net cash provided by financing activities 1,187,189 1,227,715 1,140,469
Effect of exchange rate on cash and cash equivalents (10,961) (132) 0
Net change in cash and cash equivalents (12,918) (4,101) (7,247)
Cash and cash equivalents at beginning of period 24,381 28,482 35,729
Cash and cash equivalents at end of period $ 11,463 $ 24,381 $ 28,482