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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 557,043 $ 100,393 $ (417,124)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion and amortization 417,479 568,817 590,128
Impairment of oil and gas properties 0 482,811 435,619
Deferred income tax expense (benefit) 229,603 (321,113) (230,707)
Loss on sale of assets 16,327 11,565 1,857
Exploratory dry hole cost 97,741 3,820 10,120
(Gain) loss on derivative instruments (44,432) (16,926) 38,950
Net cash received (paid) in settlement of derivative instruments (41,631) 8,056 (1,682)
(Earnings) loss on equity method investments (1,137) 100,486 2,477
Distribution of earnings from equity method investments 1,296 0 0
Amortization of debt issuance costs 4,631 4,774 5,083
Stock-based compensation and other 31,443 33,419 25,982
Changes in assets and liabilities:      
Accounts receivable, net (146,921) (25,036) (71,060)
Income taxes (59,616) (46,368) (5,975)
Inventories (3,927) 1,334 3,044
Other current assets 934 (104) (21)
Accounts payable and accrued liabilities 30,468 (2,552) 10,858
Interest payable (7,477) (75) (2,573)
Other assets and liabilities 23,079 (5,141) 2,465
Net cash provided by operating activities 1,104,903 898,160 397,441
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (894,470) (764,558) (375,153)
Proceeds from sale of assets 678,350 115,444 50,419
Investment in equity method investments (77,263) (57,039) (28,484)
Net cash used in investing activities (293,383) (706,153) (353,218)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from debt 158,000 0 90,000
Repayments of debt (455,000) 0 (587,000)
Treasury stock repurchases (872,761) (123,741) 0
Sale of common stock, net 0 0 995,279
Dividends paid (111,369) (78,838) (36,187)
Tax withholding on vesting of stock awards (8,150) (7,973) (5,064)
Capitalized debt issuance costs 0 0 (3,223)
Other 0 50 0
Net cash (used in) provided by financing activities (1,289,280) (210,502) 453,805
Net (decrease) increase in cash and cash equivalents (477,760) (18,495) 498,028
Cash and cash equivalents, beginning of period 480,047 498,542 514
Cash and cash equivalents, end of period $ 2,287 $ 480,047 $ 498,542