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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 79,780 $ 81,521
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 162,644 171,708
Accretion expense 16,581 16,521
Deferred income tax provision 56,422 46,474
Settlement of asset retirement obligations (37,335) (21,918)
Non-cash stock compensation expense 4,866 4,271
Excess tax benefits (104) (795)
Non-cash derivative (income) expense 311 (2,758)
Non-cash interest expense 8,181 5,278
Change in current income taxes (16,399) (3,921)
(Increase) decrease in accounts receivable 1,138 (37,517)
Increase in other current assets (245) (124)
Decrease in inventory 158 36
Increase in accounts payable 6,593 8,413
Decrease in other current liabilities (3,170) (17,304)
Other (3,448) (465)
Net cash provided by (used in) operating activities 275,973 249,420
Cash flows from investing activities:    
Investment in oil and gas properties (320,218) (275,813)
Proceeds from sale of oil and gas properties, net of expenses   403
Sale of fixed assets   149
Investment in fixed and other assets (1,711) (1,900)
Change in restricted funds (3,515)  
Net cash used in investing activities (325,444) (277,161)
Cash flows from financing activities:    
Proceeds from bank borrowings   25,000
Repayments of bank borrowings   (70,000)
Proceeds from issuance of senior convertible notes   300,000
Deferred financing costs of senior convertible notes   (8,855)
Proceeds from sold warrants   40,170
Payments for purchased call options   (70,830)
Deferred financing costs (11)  
Excess tax benefits 104 795
Net payments for share based compensation (3,590) (3,141)
Net cash (used in) provided by financing activities (3,497) 213,139
Effect of exchange rate changes on cash (186)  
Net change in cash and cash equivalents (53,154) 185,398
Cash and cash equivalents, beginning of period 279,526 38,451
Cash and cash equivalents, end of period $ 226,372 $ 223,849