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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 127,247 $ (114,104)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 279,422 309,420
Impairment of oil and gas properties 68,555 0
Deferred income tax expense (benefit) 73,394 (64,294)
(Gain) loss on sale of assets 1,626 (477)
Exploratory dry hole cost 2,842 18
(Gain) loss on derivative instruments (47,190) 8,190
Net cash received (paid) in settlement of derivative instruments (319) 11,305
(Earnings) loss on equity method investments 2,569 (1,935)
Amortization of debt issuance costs 2,384 2,692
Stock-based compensation and other 18,198 17,963
Changes in assets and liabilities:    
Accounts receivable, net 13,713 2,118
Income taxes (6,166) 516
Inventories (4) 1,362
Other current assets (1,776) (1,858)
Accounts payable and accrued liabilities (4,339) (17,194)
Interest payable (311) (2,078)
Other assets and liabilities 101 646
Net cash provided by operating activities 529,946 152,290
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (393,333) (159,399)
Proceeds from sale of assets 1,475 49,828
Investment in equity method investments (13,626) (18,171)
Net cash used in investing activities (405,484) (127,742)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 0 90,000
Repayments of debt 0 (567,000)
Treasury stock repurchases (68,255) 0
Sale of common stock, net 0 995,279
Dividends paid (32,582) (17,582)
Tax withholdings on stock award vestings (5,672) (5,046)
Capitalized debt issuance costs 0 (3,223)
Other 39 0
Net cash provided by (used in) financing activities (106,470) 492,428
Net increase in cash and cash equivalents 17,992 516,976
Cash and cash equivalents, beginning of period 498,542 514
Cash and cash equivalents, end of period $ 516,534 $ 517,490