XML 38 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities    
Net income (loss) $ (60,404) $ (19,952)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and non-stock-based amortization 20,338 22,471
Stock-based compensation expense 2,546 5,483
Provision for/(Recovery of) doubtful accounts (97) 1,212
Gain on sale or disposal of property and equipment (12,492) (146)
Derivative (gain) loss 369 834
Loss on asset impairments 5,468 10,934
Deferred income taxes 2,921 (22,728)
Other 10 561
Changes in operating assets and liabilities    
Accounts receivable, unbilled work, and contract costs (48,023) 78,744
Prepaid expenses and other 3,596 (25,128)
Accounts payable, employee-related liabilities, and other accrued liabilities 24,019 (47,590)
Deferred dry-docking costs incurred (7,698) (2,186)
Net cash provided by (used in) operating activities (69,447) 2,509
Cash Flows From Investing Activities    
Proceeds from the sale of assets 2,142 919
Advance deposits on asset sales 0 13,750
Additions to property and equipment (40,536) (104,851)
Sale of marketable securities 0 40,664
Purchase of marketable securities (29,936) 0
Decrease in (additions to) restricted cash (23,655) (4,131)
Net cash provided by (used in) investing activities (91,985) (53,649)
Cash Flows From Financing Activities    
Repayment of long-term debt (1,980) (1,980)
Payments on long-term payables for property and equipment acquisitions 0 (26,031)
Proceeds from sale of common stock, net 39 10
Repurchase of common stock (974) (607)
Additions to deferred charges (149) (563)
Net cash provided by (used in) financing activities (3,064) (29,171)
Effect of exchange rate changes on cash 1,562 183
Cash and cash equivalents    
Increase (decrease) (162,934) (80,128)
Beginning of period 349,609 344,855
End of period 186,675 264,727
Supplemental Disclosures    
Interest paid, net of amounts capitalized 6,784 3,153
Income tax payments (refunds), net (5,735) 3,562
Property and equipment additions included in accounts payable $ 43,702 $ 27,252