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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 148,809$ 72,672
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, depletion and amortization204,777184,900
Accretion expense23,13425,384
Deferred income tax provision97,92636,711
Settlement of asset retirement obligations(52,543)(28,652)
Non-cash stock compensation expense4,4924,023
Excess tax benefits(1,490)(297)
Non-cash derivative income(4,337)(1,459)
Loss on early extinguishment of debt6071,820
Other non-cash expense50741
Change in current income taxes(21,710)(6,014)
(Increase) decrease in accounts receivable(17,117)39,569
Increase in other current assets(185)(305)
Decrease in inventory1,6061,778
Increase (decrease) in accounts payable2,679(1,265)
Increase (decrease) in other current liabilities3,604(21,401)
Other(1,889)1,261
Net cash provided by operating activities388,413309,466
Cash flows from investing activities:  
Investment in oil and gas properties(430,711)(261,970)
Proceeds from sale of oil and gas properties, net of expenses7,69231,635
Investment in fixed and other assets(1,788)(1,722)
Net cash used in investing activities(424,807)(232,057)
Cash flows from financing activities:  
Repayments of bank borrowings (125,000)
Redemption of senior subordinated notes (200,503)
Proceeds from issuance of senior notes 275,000
Deferred financing costs(4,017)(9,766)
Excess tax benefits1,490297
Net payments for share based compensation(2,581)(1,360)
Net cash used in financing activities(5,108)(61,332)
Net increase (decrease) in cash and cash equivalents(41,502)16,077
Cash and cash equivalents, beginning of period106,95669,293
Cash and cash equivalents, end of period$ 65,454$ 85,370