XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net Operating Revenues        
Crude Oil and Condensate $ 2,012,999 $ 1,376,250 $ 3,794,832 $ 2,686,585
Natural Gas Liquids 178,457 150,023 347,986 348,333
Natural Gas 462,602 359,421 873,481 726,705
Gains on Mark-to-Market Commodity Derivative Contracts 191,490 188,449 86,534 322,657
Gathering, Processing and Marketing 959,413 710,748 1,882,370 1,428,905
Gains on Asset Dispositions, Net 13,153 113,290 177,386 180,758
Other, Net 22,071 11,138 34,110 22,027
Total 3,840,185 2,909,319 7,196,699 5,715,970
Operating Expenses        
Lease and Well 268,888 250,756 517,888 512,251
Transportation Costs 224,491 135,393 408,748 267,235
Gathering and Processing Costs 25,897 20,588 50,401 46,180
Exploration Costs 47,323 48,149 91,539 90,956
Dry Hole Costs 35,750 11,081 39,712 11,081
Impairments 37,967 54,217 91,515 187,364
Marketing Costs 965,490 694,118 1,870,139 1,399,586
Depreciation, Depletion and Amortization 910,531 808,765 1,756,919 1,557,508
General and Administrative 80,607 75,727 158,592 151,996
Taxes Other Than Income 151,197 118,186 286,128 239,702
Total 2,748,141 2,216,980 5,271,581 4,463,859
Operating Income 1,092,044 692,339 1,925,118 1,252,111
Other Income (Expense), Net 4,833 4,675 (5,301) 15,306
Income Before Interest Expense and Income Taxes 1,096,877 697,014 1,919,817 1,267,417
Interest Expense        
Interest Expense, Net 61,647 50,775 123,568 101,044
Income Before Income Taxes 1,035,230 646,239 1,796,249 1,166,373
Income Tax Provision 375,538 250,461 641,832 446,586
Net Income 659,692 395,778 1,154,417 719,787
Net Income Per Share        
Basic $ 2.44 $ 1.48 $ 4.28 $ 2.70
Diluted $ 2.42 $ 1.47 $ 4.24 $ 2.67
Dividends Declared per Common Share $ 0.1875 $ 0.17 $ 0.375 $ 0.34
Average Number of Common Shares        
Basic 270,016 266,874 269,665 266,718
Diluted 272,739 269,985 272,473 270,083
Comprehensive Income        
Net Income 659,692 395,778 1,154,417 719,787
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments (19,314) (28,689) (33,578) (2,164)
Foreign Currency Swap Transaction (662) (1,431) 1,039 630
Income Tax Related to Foreign Currency Swap Transaction 0 576 0 49
Interest Rate Swap Transaction 584 231 1,321 (364)
Income Tax Related to Interest Rate Swap Transaction (210) (83) (475) 131
Other 27 31 55 58
Other Comprehensive Income (Loss) (19,575) (29,365) (31,638) (1,660)
Comprehensive Income $ 640,117 $ 366,413 $ 1,122,779 $ 718,127