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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net income $ 564,816 $ 774,052
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 300,069 303,523
Gain on disposition of assets (79,285) (4,344)
Loss (gain) on foreign currency forward exchange contracts 5,692 (9,593)
Deferred tax provision (6,089) (15,798)
Accretion of discounts on marketable securities 4,461 (39)
Stock-based compensation expense 3,248 3,749
Deferred income, net (19,020) (46,127)
Deferred expenses, net 58,391 62,836
Other assets, noncurrent 2,697 (165)
Other liabilities, noncurrent 7,029 964
(Payments of) proceeds from settlement of foreign currency forward exchange contracts designated as accounting hedges (5,692) 9,593
Other 800 51
Changes in operating assets and liabilities:    
Accounts receivable 108,159 20,055
Prepaid expenses and other current assets (9,350) (20,137)
Accounts payable and accrued liabilities 4,961 (43,845)
Taxes payable 68,711 44,368
Net cash provided by operating activities 1,009,598 1,079,143
Investing activities:    
Capital expenditures (including rig construction) (514,672) (643,305)
Proceeds from disposition of assets, net of disposal costs 136,937 5,128
Proceeds from sale and maturities of marketable securities 2,075,106 4,862,108
Purchases of marketable securities (2,352,635) (5,051,538)
Net cash used in investing activities (655,264) (827,607)
Financing activities:    
Payment of dividends (367,984) (367,930)
Credit facility arrangement fees (3,646)  
Other 130 4
Net cash used in financing activities (371,500) (367,926)
Net change in cash and cash equivalents (17,166) (116,390)
Cash and cash equivalents, beginning of period 333,765 464,393
Cash and cash equivalents, end of period $ 316,599 $ 348,003