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Financial Statement Restatement (Tables)
9 Months Ended
Sep. 30, 2012
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

 

For the Three Months Ended

 

For the Nine Months Ended

 

September 30, 2012

 

September 30, 2012

 

 

Previously Reported

 

 

As Restated

 

 

Previously Reported

 

 

As Restated

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per/share data)

 

(in thousands, except per/share data)

Consolidated Statements of Income

 

 

 

 

 

 

 

 

 

 

 

Depreciation, depletion and amortization

$

200,655 

 

$

203,935 

 

$

602,112 

 

$

605,392 

Impairment of natural gas and oil properties

$

441,465 

 

$

289,821 

 

$

1,377,364 

 

$

1,090,473 

Deferred Benefit for Income Taxes

$

(85,856)

 

$

(28,254)

 

$

(320,731)

 

$

(210,850)

Net Loss

$

(144,815)

 

$

(54,053)

 

$

(525,211)

 

$

(351,481)

Loss Per Share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.42)

 

$

(0.16)

 

$

(1.51)

 

$

(1.01)

Diluted

$

(0.42)

 

$

(0.16)

 

$

(1.51)

 

$

(1.01)

 

 

At September 30, 2012

 

 

Previously Reported

 

 

As Restated

 

 

 

 

 

 

 

(in thousands)

Consolidated Balance Sheet

 

 

 

 

 

Accumulated depreciation, depletion and amortization

$

(6,414,955)

 

$

(6,131,344)

Deferred income taxes

$

1,203,703 

 

$

1,313,584 

Retained earnings

$

2,131,003 

 

$

2,304,733 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended

 

September 30, 2012

 

 

Previously Reported

 

 

As Restated

 

 

 

 

 

 

 

(in thousands)

Cash Flows From Operating Activities

 

 

 

 

 

Net loss

$

(525,211)

 

$

(351,481)

Impairment of natural gas and oil properties

$

1,377,364 

 

$

1,090,473 

Deferred income taxes

$

(320,731)

 

$

(210,850)