XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income (loss) $ 476,410 $ (63,088)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, Depletion, Amortization and Accretion 902,217 774,810
Property impairments 62,946 174,689
Non-cash (gain) loss on derivatives, net 11,465 (68,420)
Stock-based compensation 21,478 20,571
Provision (benefit) for deferred income taxes 146,768 (31,834)
Dry hole costs 1 157
(Gain) loss on sale of assets, net (6,751) 2,859
Other, net 7,159 5,089
Changes in assets and liabilities:    
Accounts receivable (79,043) (19,347)
Inventories (17,904) 14,984
Other current assets (8,138) (2,225)
Accounts payable trade 103,710 105,441
Revenues and royalties payable 5,857 21,105
Accrued liabilities and other 17,550 (17,968)
Other noncurrent assets and liabilities (3,732) (251)
Net cash provided by operating activities 1,639,993 916,572
Cash flows from investing activities    
Exploration and development (1,334,681) (877,115)
Purchase of producing crude oil and natural gas properties (24,097) (812)
Purchase of other property and equipment (12,205) (9,372)
Proceeds from sale of assets 27,380 7,979
Net cash used in investing activities (1,343,603) (879,320)
Cash flows from financing activities    
Credit facility borrowings 803,000 540,000
Repayment of credit facility (991,000) (565,000)
Repayment of other debt (1,134) (1,099)
Debt issuance costs (5,524) 0
Repurchase of restricted stock for tax withholdings (15,619) (10,620)
Net cash used in financing activities (210,277) (36,719)
Effect of Exchange Rate on Cash and Cash Equivalents (26) 14
Net change in cash and cash equivalents 86,087 547
Cash and cash equivalents at beginning of period 43,902 16,643
Cash and cash equivalents at end of period $ 129,989 $ 17,190