XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES:    
Net income $ 56,945 $ 40,206
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 88,432 77,156
Loss on derivatives 18,366 2,093
Cash (payments) receipts on derivatives settled (8,872) 4,871
Deferred tax expense 26,156 22,652
(Gain) loss on disposition of assets (9,426) 84
Employee stock compensation plans 5,444 4,651
Other, net 1,179 1,601
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable (55,175) (7,695)
Accounts payable (11,430) 23,332
Material and supplies 2,781 (640)
Accrued liabilities 8,666 8,937
Other, net 394 2,412
Net cash provided by operating activities 123,460 179,660
INVESTING ACTIVITIES:    
Capital expenditures (197,266) (192,927)
Proceeds from disposition of assets 36,748 1,456
Net cash used in investing activities (160,518) (191,471)
FINANCING ACTIVITIES:    
Borrowings under credit agreement 4,000 123,300
Payments under credit agreement (4,000) (124,400)
Proceeds from exercise of stock options 850 72
Book overdrafts 18,667 13,018
Net cash provided by financing activities 19,517 11,990
Net increase (decrease) in cash and cash equivalents (17,541) 179
Cash and cash equivalents, beginning of period 18,593 974
Cash and cash equivalents, end of period 1,052 1,153
Supplemental disclosure of cash flow information    
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment 309 43,332
Non-cash reductions to oil and natural gas properties related to asset retirement obligations (14,972) (12,088)
Cash paid for income taxes $ 7,100 $ 15