XML 19 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (51,194) $ 40,255
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 161,887 175,497
Deferred income tax expense (benefit) (28,973) 15,081
(Gain) loss on sale of assets (1,354) (138)
Exploratory dry hole cost 0 162
(Gain) loss on derivative instruments (18,994) (34,123)
Net cash received (paid) in settlement of derivative instruments 0 37,685
Earnings of equity method investments (2,009) (1,421)
Amortization of debt issuance costs 1,191 1,267
Stock-based compensation 10,606 5,911
Changes in assets and liabilities:    
Accounts receivable, net 19,358 49,615
Income taxes 233 8,979
Inventories 1,101 (61)
Other current assets 1,300 (192)
Accounts payable, accrued liabilities and interest payable (31,292) (29,629)
Other assets and liabilities 230 1,930
Stock-based compensation tax benefit 0 (3,437)
Net cash provided by operating activities 62,090 267,381
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (92,237) (395,242)
Proceeds from sale of assets 49,828 3,081
Investment in equity method investments (11,652) (5,078)
Net cash used in investing activities (54,061) (397,239)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 90,000 382,000
Repayments of debt (503,000) (257,000)
Sale of common stock, net 995,278 0
Dividends paid (8,282) (8,263)
Stock-based compensation tax benefit 0 3,437
Capitalized debt issuance costs (3,223) 0
Other 0 2,678
Net cash provided by financing activities 570,773 122,852
Net increase (decrease) in cash and cash equivalents 578,802 (7,006)
Cash and cash equivalents, beginning of period 514 20,954
Cash and cash equivalents, end of period 579,316 13,948
Supplemental non-cash transactions:    
Change in accrued capital costs $ (549) $ (91,644)