XML 66 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 500.4us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,160.1us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 319.4us-gaap_AccountsReceivableNetCurrent 441.9us-gaap_AccountsReceivableNetCurrent
Fair value of derivative contracts 311.7us-gaap_DerivativeInstrumentsAndHedges 339.0us-gaap_DerivativeInstrumentsAndHedges
Gas, oil and NGL inventories at lower of average cost or market 7.6us-gaap_EnergyRelatedInventory 13.7us-gaap_EnergyRelatedInventory
Prepaid expenses and other 37.8us-gaap_PrepaidExpenseAndOtherAssetsCurrent 46.8us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total Current Assets 1,176.9us-gaap_AssetsCurrent 2,001.5us-gaap_AssetsCurrent
Property, Plant and Equipment (successful efforts method for gas and oil properties)    
Proved properties 12,558.9us-gaap_ProvedOilAndGasPropertySuccessfulEffortMethod 12,278.7us-gaap_ProvedOilAndGasPropertySuccessfulEffortMethod
Unproved properties 821.9us-gaap_UnprovedOilAndGasPropertySuccessfulEffortMethod 825.2us-gaap_UnprovedOilAndGasPropertySuccessfulEffortMethod
Marketing and resources 296.3us-gaap_PropertyPlantAndEquipmentOther 293.8us-gaap_PropertyPlantAndEquipmentOther
Material and supplies 50.4us-gaap_InventoryDrillingNoncurrent 54.3us-gaap_InventoryDrillingNoncurrent
Total Property, Plant and Equipment 13,727.5us-gaap_PropertyPlantAndEquipmentGross 13,452.0us-gaap_PropertyPlantAndEquipmentGross
Less Accumulated Depreciation, Depletion and Amortization    
Exploration and production 6,357.7us-gaap_OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization 6,153.0us-gaap_OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
Marketing and other 72.8us-gaap_PropertyPlantAndEquipmentOtherAccumulatedDepreciation 67.8us-gaap_PropertyPlantAndEquipmentOtherAccumulatedDepreciation
Total Accumulated Depreciation, Depletion and Amortization 6,430.5us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 6,220.8us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net Property, Plant and Equipment 7,297.0us-gaap_PropertyPlantAndEquipmentNet 7,231.2us-gaap_PropertyPlantAndEquipmentNet
Fair value of derivative contracts 13.7us-gaap_DerivativeInstrumentsAndHedgesNoncurrent 9.9us-gaap_DerivativeInstrumentsAndHedgesNoncurrent
Other noncurrent assets 36.8us-gaap_OtherAssetsNoncurrent 44.2us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 8,524.4us-gaap_Assets 9,286.8us-gaap_Assets
Current Liabilities    
Checks outstanding in excess of cash balances 15.8us-gaap_BankOverdrafts 54.7us-gaap_BankOverdrafts
Accounts payable and accrued expenses 453.5us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 575.4us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Income taxes payable 0us-gaap_AccruedIncomeTaxesCurrent 532.1us-gaap_AccruedIncomeTaxesCurrent
Production and property taxes 45.9us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent 61.7us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent
Interest payable 33.7us-gaap_InterestPayableCurrent 36.4us-gaap_InterestPayableCurrent
Deferred income taxes 94.0us-gaap_DeferredTaxLiabilitiesCurrent 84.5us-gaap_DeferredTaxLiabilitiesCurrent
Total Current Liabilities 642.9us-gaap_LiabilitiesCurrent 1,344.8us-gaap_LiabilitiesCurrent
Long-term debt 2,218.3us-gaap_LongTermDebtNoncurrent 2,218.1us-gaap_LongTermDebtNoncurrent
Deferred income taxes 1,348.9us-gaap_DeferredTaxLiabilitiesNoncurrent 1,362.7us-gaap_DeferredTaxLiabilitiesNoncurrent
Asset retirement obligations 196.3us-gaap_AssetRetirementObligationsNoncurrent 193.8us-gaap_AssetRetirementObligationsNoncurrent
Other long-term liabilities 98.1us-gaap_OtherLiabilitiesNoncurrent 92.1us-gaap_OtherLiabilitiesNoncurrent
Commitments and contingencies (Note 11)      
EQUITY    
Common stock - par value $0.01 per share; 500.0 million shares authorized; 177.0 million and 176.2 million shares issued, respectively 1.8us-gaap_CommonStockValue 1.8us-gaap_CommonStockValue
Treasury stock - 0.3 million and 0.8 million shares, respectively (11.0)us-gaap_TreasuryStockValue (25.4)us-gaap_TreasuryStockValue
Additional paid-in capital 530.1us-gaap_AdditionalPaidInCapitalCommonStock 535.3us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 3,522.6us-gaap_RetainedEarningsAccumulatedDeficit 3,587.9us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (23.6)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (24.3)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Common Shareholders' Equity 4,019.9us-gaap_StockholdersEquity 4,075.3us-gaap_StockholdersEquity
TOTAL LIABILITIES AND EQUITY $ 8,524.4us-gaap_LiabilitiesAndStockholdersEquity $ 9,286.8us-gaap_LiabilitiesAndStockholdersEquity