XML 19 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING REVENUES      
Operating revenue $ 2,143,716 $ 1,747,293 $ 1,194,627
Gain (loss) on derivative instruments 44,432 16,926 (38,950)
TOTAL OPERATING REVENUES 2,188,148 1,764,219 1,155,677
OPERATING EXPENSES      
Direct operations 69,646 102,310 100,696
Taxes other than income 22,642 33,487 29,223
Exploration 113,820 21,526 27,662
Depreciation, depletion and amortization 417,479 568,817 590,128
Impairment of oil and gas properties 0 482,811 435,619
General and administrative 96,641 97,786 85,633
TOTAL OPERATING EXPENSES 1,401,157 1,803,428 1,716,288
Earnings (loss) on equity method investments 1,137 (100,486) (2,477)
Loss on sale of assets (16,327) (11,565) (1,857)
INCOME (LOSS) FROM OPERATIONS 771,801 (151,260) (564,945)
Interest expense, net 73,201 82,130 88,336
Loss on debt extinguishment 0 0 4,709
Other expense (income) 463 (4,955) 1,609
Income (loss) before income taxes 698,137 (228,435) (659,599)
Income tax expense (benefit) 141,094 (328,828) (242,475)
NET INCOME (LOSS) $ 557,043 $ 100,393 $ (417,124)
Earnings (loss) per share      
Basic (in dollars per share) $ 1.25 $ 0.22 $ (0.91)
Diluted (in dollars per share) $ 1.24 $ 0.22 $ (0.91)
Weighted-average common shares outstanding      
Basic (in shares) 445,538 463,735 456,847
Diluted (in shares) 447,568 465,551 456,847
Dividends per common share (in dollars per share) $ 0.25 $ 0.17 $ 0.08
Natural gas      
OPERATING REVENUES      
Operating revenue $ 1,881,150 $ 1,506,078 $ 1,022,590
Crude oil and condensate      
OPERATING REVENUES      
Operating revenue 48,722 212,338 151,106
Brokered natural gas      
OPERATING REVENUES      
Operating revenue 209,530 17,217 13,569
OPERATING EXPENSES      
Operating expenses 184,198 15,252 10,785
Other      
OPERATING REVENUES      
Operating revenue 4,314 11,660 7,362
Transportation and gathering      
OPERATING EXPENSES      
Operating expenses $ 496,731 $ 481,439 $ 436,542