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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income attributable to QEP $ 118.5 $ 211.4
Net income attributable to noncontrolling interest 17.6 5.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 755.8 757.1
Deferred income taxes 91.5 39.3
Impairment 3.6 4.0
Equity-based compensation 20.7 20.0
Amortization of debt issuance costs and discounts 5.1 4.7
Net loss (gain) from asset sales 210.3 (113.0)
Income from unconsolidated affiliates (4.6) (3.7)
Distributions from unconsolidated affiliates and other 5.1 5.9
Unrealized (gain) loss on derivative contracts (65.9) 55.5
Changes in operating assets and liabilities 62.0 (8.1)
Net Cash Provided by Operating Activities 1,219.7 978.9
INVESTING ACTIVITIES    
Property acquisitions (949.7) (39.3)
Property, plant and equipment, including dry exploratory well expense (1,270.4) (1,089.6)
Proceeds from disposition of assets 706.2 208.3
Acquisition deposit held in escrow 50.0 0
Other investing activities 3.2 0
Net Cash Used in Investing Activities (1,460.7) (920.6)
FINANCING ACTIVITIES    
Checks outstanding in excess of cash balances (81.1) (38.1)
Long-term debt issued 300.0 0
Long-term debt issuance costs paid (1.1) (3.0)
Proceeds from credit facility 4,509.0 2,132.5
Repayments of credit facility (4,461.5) (2,457.5)
Treasury stock repurchases (6.6) (8.7)
Net proceeds from the issuance of QEP Midstream common units 0 449.6
Other capital contributions 5.1 3.6
Dividends paid (10.8) (10.8)
Excess tax (provisions) benefit on equity-based compensation (0.6) 1.3
Distribution to noncontrolling interest (23.3) (4.2)
Net Cash Provided by Financing Activities 229.1 64.7
Change in cash and cash equivalents (11.9) 123.0
Beginning cash and cash equivalents 11.9 0
Ending cash and cash equivalents 0 123.0
Supplemental Disclosures:    
Cash paid for interest, net of capitalized interest 128.9 120.1
Cash paid for income taxes (1.1) 49.4
Non-cash investing activities    
Change in capital expenditure accrual balance $ 66.5 $ 53.7