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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities:      
Net income $ 720,477 $ 962,542 $ 955,457
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 392,913 398,612 393,177
Impairment of assets 62,437    
Gain on disposition of assets (80,844) (4,758) (34,714)
Loss (gain) on foreign currency forward exchange contracts 4,302 (7,206) (3,307)
Deferred tax provision (51,472) 2,141 (6,916)
Accretion of discounts on marketable securities 4,622 1,586 (648)
Stock-based compensation expense 4,357 4,956 5,928
Deferred income, net 1,767 (32,219) 17,777
Deferred expenses, net 67,824 53,317 (59,208)
Long-term employee remuneration programs 7,611 3,944 3,140
Other assets, noncurrent (2,794) 2,220 2,477
Other liabilities, noncurrent 3,614 6,921 7,801
(Payments of) proceeds from settlement of foreign currency forward exchange contracts designated as accounting hedges (4,302) 7,206 3,307
Other 1,258 319 1,166
Changes in operating assets and liabilities:      
Accounts receivable 64,056 60,785 143,096
Prepaid expenses and other current assets (8,960) (6,406) 1,519
Accounts payable and accrued liabilities 10,354 (9,842) 33,326
Taxes payable 114,049 (24,013) (181,060)
Net cash provided by operating activities 1,311,269 1,420,105 1,282,318
Investing activities:      
Capital expenditures (including rig construction) (702,041) (774,756) (434,262)
Proceeds from disposition of assets, net of disposal costs 138,495 5,603 188,066
Proceeds from sale and maturities of marketable securities 2,725,118 5,362,138 5,450,230
Purchases of marketable securities (2,977,290) (5,653,665) (5,660,518)
Net cash used in investing activities (815,718) (1,060,680) (456,484)
Financing activities:      
Redemption of zero coupon debentures     (4,238)
Debt issuance costs and arrangement fees (3,838)   (98)
Payment of dividends (490,245) (490,057) (733,661)
Other 199 4 139
Net cash used in financing activities (493,884) (490,053) (737,858)
Net change in cash and cash equivalents 1,667 (130,628) 87,976
Cash and cash equivalents, beginning of year 333,765 464,393 376,417
Cash and cash equivalents, end of year $ 335,432 $ 333,765 $ 464,393