XML 20 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income (loss) $ 469 $ (198,326)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, Depletion, Amortization and Accretion 381,385 465,451
Property impairments 51,372 78,927
Non-cash gain on derivatives, net (45,155) (1,863)
Stock-based compensation 11,438 9,206
Provision (benefit) for deferred income taxes 6,021 (121,352)
Dry hole costs 157 0
(Gain) loss on sale of assets, net 3,638 (109)
Other, net 3,099 2,514
Changes in assets and liabilities:    
Accounts receivable (22,053) 66,839
Inventories 13,297 1,319
Other current assets (3,111) (2,082)
Accounts payable trade 61,745 (31,531)
Revenues and royalties payable 20,543 (17,380)
Accrued liabilities and other (12,338) 29,806
Other noncurrent assets and liabilities (306) (2,517)
Net cash provided by operating activities 470,201 278,902
Cash flows from investing activities    
Exploration and development (388,596) (359,090)
Purchase of producing crude oil and natural gas properties (137) 0
Purchase of other property and equipment (6,336) (1,927)
Proceeds from sale of assets 5,798 2,206
Net cash used in investing activities (389,271) (358,811)
Cash flows from financing activities    
Credit facility borrowings 256,000 288,000
Repayment of credit facility (326,000) (201,000)
Repayment of other debt (548) (530)
Debt issuance costs 0 (40)
Repurchase of restricted stock for tax withholdings (9,837) (5,088)
Net cash (used in) provided by financing activities (80,385) 81,342
Effect of Exchange Rate on Cash and Cash Equivalents 0 31
Net change in cash and cash equivalents 545 1,464
Cash and cash equivalents at beginning of period 16,643 11,463
Cash and cash equivalents at end of period $ 17,188 $ 12,927