XML 22 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 100,393 $ (417,124) $ (113,891)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion and amortization 568,817 590,128 622,211
Impairment of oil and gas properties and other assets 482,811 435,619 114,875
Deferred income tax benefit (321,113) (230,707) (72,968)
(Gain) loss on sale of assets 11,565 1,857 (3,866)
Exploratory dry hole cost 3,820 10,120 3,452
(Gain) loss on derivative instruments (16,926) 38,950 (56,686)
Net cash received (paid) in settlement of derivative instruments 8,056 (1,682) 194,289
(Earnings) loss on equity method investments 100,486 2,477 (6,415)
Amortization of debt issuance costs 4,774 5,083 4,454
Stock-based compensation and other 33,419 25,982 13,645
Changes in assets and liabilities:      
Accounts receivable, net (25,036) (71,060) 112,406
Income taxes (46,368) (5,975) (711)
Inventories 1,334 3,044 (3,023)
Other current assets (104) (21) (817)
Accounts payable and accrued liabilities (2,552) 10,858 (55,217)
Interest payable (75) (2,573) (455)
Other assets and liabilities (5,141) 2,465 (1,685)
Net cash provided by operating activities 898,160 397,441 749,598
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (764,558) (375,153) (955,602)
Acquisitions 0 0 (16,312)
Proceeds from sale of assets 115,444 50,419 7,653
Investment in equity method investments (57,039) (28,484) (29,073)
Net cash used in investing activities (706,153) (353,218) (993,334)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from debt 0 90,000 877,000
Repayments of debt 0 (587,000) (604,000)
Treasury stock repurchases (123,741) 0 0
Sale of common stock, net 0 995,279 0
Dividends paid (78,838) (36,187) (33,090)
Tax withholding on vesting of stock awards (7,973) (5,064) (8,861)
Capitalized debt issuance costs 0 (3,223) (7,838)
Other 50 0 85
Net cash (used in) provided by financing activities (210,502) 453,805 223,296
Net (decrease) increase in cash and cash equivalents (18,495) 498,028 (20,440)
Cash and cash equivalents, beginning of period 498,542 514 20,954
Cash and cash equivalents, end of period $ 480,047 $ 498,542 $ 514