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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (124,364) $ (2,767)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 448,910 472,335
Deferred income tax expense (benefit) (59,413) 8,226
(Gain) loss on sale of assets 768 (3,814)
Exploratory dry hole cost 18 184
(Gain) loss on derivative instruments 1,286 (44,668)
Net cash received (paid) in settlement of derivative instruments 3,204 133,827
Earnings on equity method investments (208) (4,581)
Amortization of debt issuance costs 3,888 3,395
Stock-based compensation and other 23,051 11,622
Changes in assets and liabilities:    
Accounts receivable, net (1,135) 112,712
Income taxes (11,235) (10,158)
Inventories 2,860 (4,256)
Other current assets (917) (2,106)
Accounts payable and accrued liabilities (17,230) (66,350)
Interest payable 17,618 17,082
Other assets and liabilities 784 (1,565)
Net cash provided by operating activities 252,649 584,954
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (245,033) (819,839)
Acquisitions 0 (16,312)
Proceeds from sale of assets 49,068 7,380
Investment in equity method investments (24,176) (20,798)
Net cash used in investing activities (220,141) (849,569)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 90,000 790,000
Repayments of debt (587,000) (505,000)
Sale of common stock, net 995,279 0
Dividends paid (26,885) (24,812)
Capitalized debt issuance costs (3,223) (7,838)
Other 0 84
Net cash provided by financing activities 468,171 252,434
Net increase (decrease) in cash and cash equivalents 500,679 (12,181)
Cash and cash equivalents, beginning of period 514 20,954
Cash and cash equivalents, end of period 501,193 8,773
Supplemental non-cash investing transactions:    
Change in accrued capital costs $ 17,072 $ (159,102)