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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 774,052$ 713,770
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation303,523297,265
Gain on disposition of assets(4,344)(33,425)
(Gain) loss on sale of marketable securities, net(780)5
Gain on foreign currency forward exchange contracts(9,593)(1,924)
Deferred tax provision(15,798)14,918
Accretion of discounts on marketable securities(39)(421)
Amortization of debt issuance costs659665
Amortization of debt discounts172222
Stock-based compensation expense3,7494,821
Deferred income, net(46,127)41,768
Deferred expenses, net62,836(77,372)
Other assets, noncurrent(165)7,804
Other liabilities, noncurrent96410,413
Proceeds from settlement of foreign currency forward exchange contracts designated as accounting hedges9,5931,924
Changes in operating assets and liabilities:  
Accounts receivable20,055141,726
Prepaid expenses and other current assets(20,137)(16,023)
Accounts payable and accrued liabilities(43,845)10,146
Taxes payable44,368(166,389)
Net cash provided by operating activities1,079,143949,893
Investing activities:  
Capital expenditures (including rig construction)(643,305)(312,995)
Proceeds from disposition of assets, net of disposal costs5,128186,333
Proceeds from sale and maturities of marketable securities4,862,1083,700,176
Purchases of marketable securities(5,051,538)(4,099,525)
Net cash used in investing activities(827,607)(526,011)
Financing activities:  
Redemption of zero coupon debentures (4,238)
Payment of dividends(367,930)(611,668)
Other441
Net cash used in financing activities(367,926)(615,865)
Net change in cash and cash equivalents(116,390)(191,983)
Cash and cash equivalents, beginning of period464,393376,417
Cash and cash equivalents, end of period$ 348,003$ 184,434