XML 47 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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net Operating Revenues        
Crude Oil and Condensate $ 2,337,742 $ 1,512,168 $ 6,132,574 $ 4,198,753
Natural Gas Liquids 208,190 170,351 556,176 518,684
Natural Gas 396,123 426,728 1,269,604 1,153,433
(Losses) Gains on Mark-to-Market Commodity Derivative Contracts (293,387) 4,671 (206,853) 327,328
Gathering, Processing and Marketing 872,699 764,385 2,755,069 2,193,290
Gains on Asset Dispositions, Net 8,183 67,376 185,569 248,134
Other, Net 11,846 9,176 45,956 31,203
Total 3,541,396 2,954,855 10,738,095 8,670,825
Operating Expenses        
Lease and Well 299,169 253,452 817,057 765,703
Transportation Costs 219,790 164,407 628,538 431,642
Gathering and Processing Costs 31,121 26,223 81,522 72,403
Exploration Costs 39,429 45,953 130,968 136,909
Dry Hole Costs 19,548 1,924 59,260 13,005
Impairments 85,917 62,875 177,432 250,239
Marketing Costs 876,761 755,457 2,746,900 2,155,043
Depreciation, Depletion and Amortization 928,800 825,851 2,685,719 2,383,359
General and Administrative 98,654 92,870 257,246 244,866
Taxes Other Than Income 172,438 120,096 458,566 359,798
Total 2,771,627 2,349,108 8,043,208 6,812,967
Operating Income 769,769 605,747 2,694,887 1,857,858
Other Income, Net 11,168 7,596 5,867 22,902
Income Before Interest Expense and Income Taxes 780,937 613,343 2,700,754 1,880,760
Interest Expense        
Interest Expense, Net 59,382 53,154 182,950 154,198
Income Before Income Taxes 721,555 560,189 2,517,804 1,726,562
Income Tax Provision 259,057 204,698 900,889 651,284
Net Income 462,498 355,491 1,616,915 1,075,278
Net Income Per Share        
Basic $ 1.71 $ 1.33 $ 5.99 $ 4.03
Diluted $ 1.69 $ 1.31 $ 5.93 $ 3.98
Dividends Declared per Common Share $ 0.1875 $ 0.17 $ 0.5625 $ 0.51
Average Number of Common Shares        
Basic 270,471 267,941 269,934 267,136
Diluted 273,576 270,982 272,856 270,328
Comprehensive Income        
Net Income 462,498 355,491 1,616,915 1,075,278
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 15,106 50,426 (18,472) 48,262
Foreign Currency Swap Transaction 1,459 1,708 2,498 2,338
Income Tax Related to Foreign Currency Swap Transaction 0 (646) 0 (597)
Interest Rate Swap Transaction 678 (318) 1,999 (682)
Income Tax Related to Interest Rate Swap Transaction (244) 114 (719) 245
Other 27 29 82 87
Other Comprehensive Income (Loss) 17,026 51,313 (14,612) 49,653
Comprehensive Income $ 479,524 $ 406,804 $ 1,602,303 $ 1,124,931