XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues and other income:      
Oil and gas $ 3,155,696 $ 2,575,311 $ 2,080,215
Sales of purchased oil and gas 333,822 122,093 14,542
Interest and other 16,961 (1,032) 29,382
Derivative gains, net 4,010 330,251 392,752
Gain (Loss) on disposition of assets, net 209,021 45,898 (3,644)
Revenues and other income 3,719,510 3,072,521 2,513,247
Costs and expenses:      
Oil and gas production 614,676 558,045 396,961
Production and ad valorem taxes 201,186 178,723 139,425
Depletion, depreciation and amortization 907,077 708,270 489,579
Purchased oil and gas 335,734 120,408 13,949
Impairment of oil and gas properties 1,495,242 0 354,408
Exploration and abandonments 98,448 98,285 80,691
General and administrative 295,868 244,196 189,985
Accretion of discount on asset retirement obligations 11,862 8,677 7,506
Interest 183,750 204,222 181,604
Other 137,386 114,175 63,071
Costs and expenses, Total 4,281,229 2,235,001 1,917,179
Income (loss) from continuing operations before income taxes (561,719) 837,520 596,068
Income tax benefit (provision) 211,775 (290,488) (188,278)
Income (loss) from continuing operations (349,944) 547,032 407,790
Income (loss) from discontinued operations, net of tax (449,605) (304,210) 474,124
Net income (loss) (799,549) 242,822 881,914
Net income attributable to noncontrolling interests (38,865) (50,537) (47,425)
Net income (loss) attributable to common stockholders (838,414) 192,285 834,489
Basic earnings per share:      
Income (loss) from continuing operations attributable to common stockholders $ (2.86) $ 4.02 $ 3.03
Income (loss) from discontinued operations attributable to common stockholders $ (3.30) $ (2.48) $ 3.98
Net income (loss) attributable to common stockholders $ (6.16) $ 1.54 $ 7.01
Diluted earnings per share:      
Income (loss) from continuing operations attributable to common stockholders $ (2.86) $ 3.91 $ 2.97
Income (loss) from discontinued operations attributable to common stockholders $ (3.30) $ (2.41) $ 3.91
Net income (loss) attributable to common stockholders $ (6.16) $ 1.50 $ 6.88
Weighted average shares outstanding:      
Basic 136,130 [1] 122,966 116,904
Diluted 136,130 [1] 126,320 119,215
Amounts attributable to common stockholders:      
Income (loss) from continuing operations, net of tax (388,809) 496,495 360,365
Income (loss) from discontinued operations, net of tax (449,605) (304,210) 474,124
Net income (loss) $ (838,414) $ 192,285 $ 834,489
[1] (a)The following common share equivalents were excluded from the weighted average diluted shares for the year ended December 31, 2013 because they would have been anti-dilutive to the loss recorded for the period: (i) 135,190 outstanding options to purchase the Company's common stock, (ii) 200,360 common shares attributable to unvested performance awards and (iii) 1,087,401 common shares related to the 2013 redemption of the Convertible Senior Notes, representing the weighted average portion of the year that is not included in the basic weighted average common shares outstanding.