XML 61 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
NET INCOME $ 171.4 $ 132.0 $ 270.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,016.0 905.3 765.6
Deferred income taxes 66.1 32.1 156.8
Asset Impairment Charges 93.0 133.0 218.2
Equity-based compensation 27.1 25.6 22.0
Amortization of debt issuance costs and discounts 6.4 5.3 4.1
Net gain from asset sales (103.0) (1.2) (1.4)
Income from unconsolidated affiliates (5.8) (6.8) (5.5)
Distributions from unconsolidated affiliates and other 7.9 7.9 8.1
Non-cash loss on early extinguishment of debt 0 0 0.7
Unrealized loss (gain) on derivative contracts 88.7 (63.2) (117.7)
Changes in operating assets and liabilities         
Accounts receivable 3.2 9.6 (144.6)
Inventories 2.6 28.7 (22.0)
Prepaid expenses 14.0 (16.8) 1.6
Accounts payable and accrued expenses (179.7) 101.3 127.8
Federal income taxes (27.4) 3.5 17.0
Other 11.2 (0.3) (8.5)
Net Cash Provided by Operating Activities 1,191.7 1,296.0 1,292.6
INVESTING ACTIVITIES      
Property acquisitions (40.9) (1,406.1) (48.0)
Property, plant and equipment, including dry exploratory well expense (1,561.7) (1,393.6) (1,383.1)
Proceeds from disposition of assets 211.1 5.2 8.2
Acquisition deposit held in escrow (50.0) 0 0
Net Cash Used in Investing Activities (1,441.5) (2,794.5) (1,422.9)
FINANCING ACTIVITIES      
Checks outstanding in excess of cash balances 51.2 10.3 9.9
Long-term debt issued 0 1,450.0 0
Long-term debt issuance costs paid (3.2) (17.8) (10.6)
Long-term debt repaid 0 (6.7) (58.5)
Proceeds from credit facility 3,085.0 2,739.0 1,950.3
Repayments of credit facility (3,295.0) (2,655.5) (1,743.8)
Treasury stock repurchased (9.3) 0 0
Other capital contributions 7.0 (2.2) 0.7
Dividends paid (14.3) (14.2) (14.1)
Excess tax benefit on equity-based compensation 0 2.2 1.6
Distribution from Questar 0 0 0.2
Proceeds from Issuance Initial Public Offering 449.6 0 0
Distribution to noncontrolling interest (9.3) (6.6) (5.4)
Net Cash Provided by Financing Activities 261.7 1,498.5 130.3
Change in cash and cash equivalents 11.9 0 0
Beginning cash and cash equivalents 0 0 0
Ending cash and cash equivalents $ 11.9 $ 0 $ 0