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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net income (loss) $ 989,700 $ 789,447 $ (399,679)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 1,859,118 1,670,838 1,709,567
Property impairments 125,210 237,370 237,292
Non-cash (gain) loss on derivatives, net (13,009) (58,031) 156,621
Stock-based compensation 47,236 45,868 48,098
Tax benefit from US tax reform legislation 0 (713,655) 0
Provision (benefit) for deferred income taxes from operations 314,878 88,056 (209,836)
Tax deficiency from stock-based compensation 0 0 9,828
Dry hole costs 147 176 4,866
Litigation settlement 0 59,600 0
Net gain on sale of assets and other (16,671) (55,124) (304,489)
Loss on extinguishment of debt 7,133 554 26,055
Other, net 16,558 12,592 9,812
Changes in assets and liabilities:      
Accounts receivable 94,765 (329,811) (158,383)
Inventories 7,735 14,517 (17,836)
Other current assets (3,539) 1,038 968
Accounts payable trade 9,274 137,339 (14,404)
Revenues and royalties payable 24,010 158,982 30,455
Accrued liabilities and other (4,162) 21,368 (883)
Other noncurrent assets and liabilities (2,375) (2,018) (2,133)
Net cash provided by operating activities 3,456,008 2,079,106 1,125,919
Cash flows from investing activities:      
Exploration and development (2,840,880) (1,931,942) (1,154,131)
Purchase of producing crude oil and natural gas properties (31,579) (8,446) (5,008)
Purchase of other property and equipment (42,171) (12,810) (5,375)
Proceeds from sale of assets 54,458 144,353 631,549
Net cash used in investing activities (2,860,172) (1,808,845) (532,965)
Cash flows from financing activities:      
Credit facility borrowings 2,024,000 1,302,000 1,691,000
Repayment of credit facility (2,212,000) (2,019,000) (1,639,000)
Proceeds from issuance of Senior Notes 0 990,000 0
Redemption of Senior Notes (400,000) 0 (600,000)
Premium on redemption of Senior Notes (6,700) 0 (19,168)
Repayment of other debt (2,286) (502,214) (2,144)
Debt issuance costs (5,535) (1,999) (40)
Equity transaction costs (4,838) 0 0
Contributions from noncontrolling interests 267,920 0 0
Distributions to noncontrolling interests (604) 0 0
Repurchase of restricted stock for tax withholdings (16,891) (11,821) (8,593)
Tax deficiency from stock-based compensation 0 0 (9,828)
Net cash used in financing activities (356,934) (243,034) (587,773)
Effect of exchange rate on cash and cash equivalents (55) 32 (1)
Net change in cash and cash equivalents 238,847 27,259 5,180
Cash and cash equivalents at beginning of period 43,902 16,643 11,463
Cash and cash equivalents at end of period $ 282,749 $ 43,902 $ 16,643