XML 41 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES:    
Net income $ 52,439 $ 41,027
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 79,047 61,577
Unrealized loss on derivatives 1,993 2,328
Deferred tax expense 33,105 25,414
(Gain) loss on disposition of assets (588) 170
Stock compensation plans 3,692 3,286
Other 1,188 895
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable (2,860) (4,716)
Accounts payable (21,735) (15,952)
Material and supplies inventory 417 26
Accrued liabilities 1,545 101
Contract advances 4 2,665
Other - net (300) 4,384
Net cash provided by operating activities 147,947 121,205
INVESTING ACTIVITIES:    
Capital expenditures (192,824) (165,617)
Producing property and other acquisitions (46) (4,052)
Proceeds from disposition of assets 3,451 457
Net cash used in investing activities (189,419) (169,212)
FINANCING ACTIVITIES:    
Borrowings under line of credit 103,700 88,800
Payments under line of credit (87,900) (66,800)
Proceeds from exercise of stock options 0 513
Book overdrafts 26,032 25,371
Net cash provided by financing activities 41,832 47,884
Net increase (decrease) in cash and cash equivalents 360 (123)
Cash and cash equivalents, beginning of period 835 1,359
Cash and cash equivalents, end of period $ 1,195 $ 1,236