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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 117,231 $ 105,720
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 82,128 135,100
Deferred income tax expense 64,287 53,289
Loss on sale of assets 41,049 223
Exploratory dry hole cost (60) 2,842
Gain on derivative instruments (5,577) (33,384)
Net cash paid in settlement of derivative instruments (26,131) (1,524)
Loss on equity method investments 994 1,283
Amortization of debt issuance costs 1,195 1,189
Stock-based compensation and other 5,184 8,283
Changes in assets and liabilities:    
Accounts receivable, net 50,216 (1,738)
Income taxes (24,646) 10,534
Inventories (4,309) 1,209
Other current assets 1,023 1,170
Accounts payable and accrued liabilities (14,169) 151
Interest payable (15,318) (15,388)
Other assets and liabilities (337) 419
Net cash provided by operating activities 272,760 269,378
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (156,257) (208,384)
Proceeds from sale of assets 646,545 374
Investment in equity method investments (35,418) (7,742)
Net cash provided by (used in) investing activities 454,870 (215,752)
CASH FLOWS FROM FINANCING ACTIVITIES    
Treasury stock repurchases (207,134) 0
Dividends paid (27,647) (9,306)
Tax withholdings on vesting of stock awards (7,968) (5,414)
Other 0 37
Net cash used in financing activities (242,749) (14,683)
Net increase in cash and cash equivalents 484,881 38,943
Cash and cash equivalents, beginning of period 480,047 498,542
Cash and cash equivalents, end of period $ 964,928 $ 537,485