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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 233,946 $ 469
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Depletion, Amortization and Accretion 455,559 381,385
Property impairments 33,784 51,372
Non-cash gain on derivatives, net (5,978) (45,155)
Stock-based compensation 10,916 11,438
Provision for deferred income taxes 71,536 6,021
Dry hole costs 1 157
(Gain) loss on sale of assets, net (41) 3,638
Other, net 3,397 3,099
Changes in assets and liabilities:    
Accounts receivable 38,268 (22,053)
Inventories (9,763) 13,297
Other current assets (6,343) (3,111)
Accounts payable trade 48,307 61,745
Revenues and royalties payable 18,541 20,543
Accrued liabilities and other (5,848) (12,338)
Other noncurrent assets and liabilities (91) (306)
Net cash provided by operating activities 886,191 470,201
Cash flows from investing activities    
Exploration and development (618,200) (388,596)
Purchase of producing crude oil and natural gas properties (2,647) (137)
Purchase of other property and equipment (7,421) (6,336)
Proceeds from sale of assets 57 5,798
Net cash used in investing activities (628,211) (389,271)
Cash flows from financing activities    
Credit facility borrowings 370,000 256,000
Repayment of credit facility (558,000) (326,000)
Repayment of other debt (566) (548)
Debt issuance costs (312) 0
Repurchase of restricted stock for tax withholdings (14,846) (9,837)
Net cash used in financing activities (203,724) (80,385)
Effect of Exchange Rate on Cash and Cash Equivalents (13) 0
Net change in cash and cash equivalents 54,243 545
Cash and cash equivalents at beginning of period 43,902 16,643
Cash and cash equivalents at end of period $ 98,145 $ 17,188