XML 15 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (114,104) $ 12,747
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 309,420 328,009
Deferred income tax expense (benefit) (64,294) 7,160
(Gain) loss on sale of assets (477) (59)
Exploratory dry hole cost 18 178
(Gain) loss on derivative instruments 8,190 (27,304)
Net cash received (paid) in settlement of derivative instruments 11,305 88,730
Earnings on equity method investments (1,935) (2,933)
Amortization of debt issuance costs 2,692 2,337
Stock-based compensation and other 17,963 14,535
Changes in assets and liabilities:    
Accounts receivable, net 2,118 99,897
Income taxes 516 (2,184)
Inventories 1,362 (6,397)
Other current assets (1,858) (2,953)
Accounts payable, accrued liabilities and interest payable (24,318) (65,023)
Other assets and liabilities 646 (2,663)
Stock-based compensation tax benefit 0 (5,486)
Net cash provided by operating activities 147,244 438,591
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (159,399) (645,092)
Acquisitions 0 16,300
Proceeds from sale of assets 49,828 3,002
Investment in equity method investments (18,171) (10,114)
Net cash used in investing activities (127,742) (668,504)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 90,000 642,000
Repayments of debt (567,000) (399,000)
Sale of common stock, net 995,279 0
Dividends paid (17,582) (16,537)
Stock-based compensation tax benefit 0 5,486
Capitalized debt issuance costs (3,223) (7,838)
Other 0 79
Net cash provided by financing activities 497,474 224,190
Net increase (decrease) in cash and cash equivalents 516,976 (5,723)
Cash and cash equivalents, beginning of period 514 20,954
Cash and cash equivalents, end of period 517,490 15,231
Supplemental non-cash transactions:    
Change in accrued capital costs $ 3,167 $ (134,875)