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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 281,998 $ 144,834
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 288,210 425,689
Impairment of oil and gas properties 0 68,555
Deferred income tax expense 131,799 89,731
Loss on sale of assets 14,850 13,498
Exploratory dry hole cost 56,425 2,842
(Gain) loss on derivative instruments 1,628 (46,353)
Net cash received (paid) in settlement of derivative instruments (20,354) 3,587
Loss on equity method investments 1,009 3,986
Amortization of debt issuance costs 3,521 3,579
Stock-based compensation and other 16,472 26,011
Changes in assets and liabilities:    
Accounts receivable, net (7,345) 29,276
Income taxes (14,447) (16,665)
Inventories (5,326) (2,100)
Other current assets 104 (896)
Accounts payable and accrued liabilities 32,192 (5,133)
Interest payable (18,474) (15,318)
Other assets and liabilities 26,590 (6,076)
Net cash provided by operating activities 788,852 719,047
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (647,503) (586,813)
Proceeds from sale of assets 675,525 32,711
Investment in equity method investments (72,866) (23,382)
Net cash used in investing activities (44,844) (577,484)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of debt (237,000) 0
Treasury stock repurchases (581,725) (68,255)
Dividends paid (81,185) (55,707)
Tax withholdings on vesting of stock awards (8,068) (5,929)
Other 0 42
Net cash used in financing activities (907,978) (129,849)
Net increase (decrease) in cash and cash equivalents (163,970) 11,714
Cash and cash equivalents, beginning of period 480,047 498,542
Cash and cash equivalents, end of period $ 316,077 $ 510,256