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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 789,447 $ (399,679) $ (353,668)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 1,670,838 1,709,567 1,746,454
Property impairments 237,370 237,292 402,131
Non-cash (gain) loss on derivatives, net (58,031) 156,621 (21,532)
Stock-based compensation 45,868 48,098 51,834
Tax benefit from US tax reform legislation (713,655) 0 0
Provision (benefit) for deferred income taxes from operations 88,056 (209,836) (181,441)
Tax deficiency (benefit) from stock-based compensation 0 9,828 (13,177)
Dry hole costs 176 4,866 8,381
Litigation settlement 59,600 0 0
Net gain on sale of assets and other (55,124) (304,489) (23,149)
Loss on extinguishment of debt 554 26,055 0
Other, net 12,592 9,812 12,646
Changes in assets and liabilities:      
Accounts receivable (329,811) (158,383) 524,973
Inventories 14,517 (17,836) 7,997
Other current assets 1,038 968 65,493
Accounts payable trade 137,339 (14,404) (201,434)
Revenues and royalties payable 158,982 30,455 (85,754)
Accrued liabilities and other 21,368 (883) (84,056)
Other noncurrent assets and liabilities (2,018) (2,133) 1,403
Net cash provided by operating activities 2,079,106 1,125,919 1,857,101
Cash flows from investing activities:      
Exploration and development (1,931,942) (1,154,131) (3,042,747)
Purchase of producing crude oil and natural gas properties (8,446) (5,008) (557)
Purchase of other property and equipment (12,810) (5,375) (36,951)
Proceeds from sale of assets 144,353 631,549 34,008
Net cash used in investing activities (1,808,845) (532,965) (3,046,247)
Cash flows from financing activities:      
Credit facility borrowings 1,302,000 1,691,000 2,001,000
Repayment of credit facility (2,019,000) (1,639,000) (1,313,000)
Proceeds from issuance of Senior Notes 990,000 0 0
Redemption of Senior Notes 0 (600,000) 0
Premium on redemption of Senior Notes 0 (19,168) 0
Proceeds from other debt 0 0 500,000
Repayment of other debt (502,214) (2,144) (2,078)
Debt issuance costs (1,999) (40) (4,597)
Repurchase of restricted stock for tax withholdings (11,821) (8,593) (7,313)
Tax (deficiency) benefit from stock-based compensation 0 (9,828) 13,177
Net cash (used in) provided by financing activities (243,034) (587,773) 1,187,189
Effect of exchange rate on cash and cash equivalents 32 (1) (10,961)
Net change in cash and cash equivalents 27,259 5,180 (12,918)
Cash and cash equivalents at beginning of period 16,643 11,463 24,381
Cash and cash equivalents at end of period $ 43,902 $ 16,643 $ 11,463