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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 159,662 $ 127,247
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 167,038 279,422
Impairment of oil and gas properties and other assets 0 68,555
Deferred income tax expense 66,976 73,394
Loss on sale of assets 40,505 1,626
Exploratory dry hole cost 51,085 2,842
Gain on derivative instruments (1,909) (47,190)
Net cash paid in settlement of derivative instruments (20,312) (319)
Loss on equity method investments 998 2,569
Amortization of debt issuance costs 2,390 2,384
Stock-based compensation and other 10,364 18,198
Changes in assets and liabilities:    
Accounts receivable, net 38,939 13,713
Income taxes 12,107 (6,166)
Inventories (12,377) (4)
Other current assets (1,096) (1,776)
Accounts payable and accrued liabilities 7,168 (4,339)
Interest payable (215) (311)
Other assets and liabilities 25,337 101
Net cash provided by operating activities 546,660 529,946
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (387,271) (393,333)
Proceeds from sale of assets 646,868 1,475
Investment in equity method investments (62,905) (13,626)
Net cash provided by (used in) investing activities 196,692 (405,484)
CASH FLOWS FROM FINANCING ACTIVITIES    
Treasury stock repurchases (419,654) (68,255)
Dividends paid (54,718) (32,582)
Tax withholdings on vesting of stock awards (8,033) (5,672)
Other 0 39
Net cash used in financing activities (482,405) (106,470)
Net increase in cash and cash equivalents 260,947 17,992
Cash and cash equivalents, beginning of period 480,047 498,542
Cash and cash equivalents, end of period $ 740,994 $ 516,534