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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ (757,744) $ (447,710) $ 666,051
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net gain on divestiture activity (37,074) (43,031) (646)
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 790,745 921,009 767,532
Exploratory dry hole expense (16) 36,612 44,427
Impairment of proved properties 354,614 468,679 84,480
Abandonment and impairment of unproved properties 80,367 78,643 75,638
Impairment of other property and equipment 0 49,369 0
Stock-based compensation expense 26,897 27,467 32,694
Change In Net Profits Plan liability (7,200) (19,525) (29,849)
Net derivative (gain) loss 250,633 (408,831) (583,264)
Derivative settlement gain 329,478 512,566 12,615
Amortization of discount and deferred financing costs 9,938 7,710 6,146
Non-cash (gain) loss on extinguishment of debt (15,722) 4,123 0
Deferred income taxes (448,643) (276,722) 397,780
Plugging and abandonment (6,214) (7,496) (8,796)
Other, net 3,499 13,761 1,069
Changes in current assets and liabilities:      
Accounts receivable (10,562) 140,200 24,088
Prepaid expenses and other 8,478 2,563 (1,822)
Accounts payable and accrued expenses (53,210) (86,267) 9,466
Accrued derivative settlements 34,540 5,232 (41,034)
Net Cash Provided by Operating Activities 552,804 978,352 1,456,575
Cash flows from investing activities:      
Net proceeds from the sale of oil and gas properties 946,062 357,938 43,858
Capital expenditures (629,911) (1,493,608) (1,974,798)
Acquisition of proved and unproved oil and gas properties (2,183,790) (7,984) (544,553)
Other, net (3,000) (985) (3,256)
Net Cash Used in Investing Activities (1,870,639) (1,144,639) (2,478,749)
Cash flows from financing activities:      
Proceeds from credit facility 947,000 1,872,500 1,285,500
Repayment of credit facility (1,149,000) (1,836,500) (1,119,500)
Debt issuance costs related to credit facility (3,132) 0 (3,388)
Net proceeds from Senior Notes 491,640 490,951 589,991
Cash paid to repurchase Senior Notes 29,904 350,000 0
Net proceeds from Senior Convertible Notes 166,617 0 0
Cash paid for capped call transactions (24,195) 0 0
Net proceeds from sale of common stock 938,268 4,844 4,877
Dividends paid (7,751) (6,772) (6,723)
Net share settlement from issuance of stock awards (2,354) (8,678) (10,624)
Other, net 0 (160) (87)
Net Cash Provided by Financing Activities 1,327,189 166,185 740,046
Net change in cash and cash equivalents 9,354 (102) (282,128)
Cash and cash equivalents at beginning of period 18 120 282,248
Cash and cash equivalents at end of period 9,372 18 120
Supplemental schedule of additional cash flow information and non-cash activities:      
Cash paid for interest, net of capitalized interest 129,761 126,988 89,145
Net cash (refunded) paid for income taxes (4,690) 1,630 1,936
Changes in capital expenditure accruals and other 8,044 (210,819) 130,143
Fair value of properties exchanged 733 0 6,164
Value of common stock from issuance of private placement for an asset acquisition [1] $ 437,194 $ 0 $ 0
[1] Refer to Note 3 - Acquisitions, Divestitures, and Assets Held for Sale and Note 15 - Equity for additional discussion.