XML 20 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (513,000) $ 350,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation and amortization 1,123,000 1,003,000
Impairment of oil and gas properties 32,000 210,000
Impairment of Inventory and Other Property and Equipment 6,000 21,000
Exploration expenses, including dry holes 41,000 22,000
Deferred income taxes (340,000) 146,000
Gain on disposition of assets, net (4,000) (782,000)
Accretion of discount on asset retirement obligations 14,000 9,000
Discontinued operations 0 (4,000)
Interest expense 11,000 14,000
Derivative related activity 628,000 (22,000)
Amortization of stock-based compensation 66,000 70,000
Other 51,000 13,000
Change in operating assets and liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable, net (64,000) 26,000
Income taxes receivable 17,000 23,000
Inventories (7,000) (29,000)
Prepaid expenses (4,000) (3,000)
Derivatives (24,000) 0
Other current assets 1,000 (6,000)
Accounts payable (8,000) (266,000)
Interest payable (26,000) (4,000)
Income taxes payable (2,000) 26,000
Other current liabilities (38,000) (28,000)
Net cash provided by operating activities 960,000 789,000
Cash flows from investing activities:    
Proceeds from disposition of assets, net of cash sold 503,000 556,000
Business acquisition (429,000) 0
Proceeds from Sale and Maturity of Held-to-maturity Securities 255,000 0
Purchase of investment securities (2,300,000) 0
Additions to oil and gas properties (1,387,000) (1,573,000)
Additions to other assets and other property and equipment, net (156,000) (191,000)
Net cash used in investing activities (3,514,000) (1,208,000)
Cash flows from financing activities:    
Principal payments on long-term debt (455,000) 0
Proceeds from issuance of common stock, net of issuance costs 2,534,000 0
Distributions to noncontrolling interests 0 (1,000)
Exercise of long-term incentive plan stock options and employee stock purchases 7,000 6,000
Purchases of treasury stock (24,000) (31,000)
Tax (provision) benefits related to stock-based compensation (1,000) 10,000
Payments of financing fees 0 (3,000)
Dividends paid (7,000) (6,000)
Net cash provided by (used in) financing activities 2,054,000 (25,000)
Net increase (decrease) in cash and cash equivalents (500,000) (444,000)
Cash and cash equivalents, beginning of period 1,391,000 1,025,000
Cash and cash equivalents, end of period $ 891,000 $ 581,000