XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES:    
Net income (loss) $ 33,137 $ 90,846
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 163,140 129,475
Impairment of oil and gas properties 115,874 0
Unrealized (gain) loss on derivatives 606 (1,147)
Deferred tax expense 23,409 56,872
Gain on disposition of assets (1,239) (158)
Stock compensation plans 7,978 7,026
Other 2,218 1,812
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable 1,675 (11,407)
Accounts payable (28,587) (26,124)
Material and supplies inventory (129) (456)
Accrued liabilities (993) 6,072
Contract advances (1,158) (779)
Other - net (899) 7,478
Net cash provided by operating activities 315,032 259,510
INVESTING ACTIVITIES:    
Capital expenditures (371,703) (343,755)
Producing property and other acquisitions (2,193) (9,791)
Proceeds from disposition of assets 6,288 1,604
Net cash used in investing activities (367,608) (351,942)
FINANCING ACTIVITIES:    
Borrowings under line of credit 250,500 164,500
Payments under line of credit (217,600) (327,500)
Proceeds from issuance of senior subordinated notes, net of offering costs 0 244,035
Proceeds from exercise of stock options 89 644
Book overdrafts 19,837 10,617
Net cash provided by financing activities 52,826 92,296
Net increase (decrease) in cash and cash equivalents 250 (136)
Cash and cash equivalents, beginning of period 835 1,359
Cash and cash equivalents, end of period $ 1,085 $ 1,223