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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 616.4 $ 376.1
Accounts receivable, net 115.5 278.2
Income tax receivable 170.1 87.3
Fair value of derivative contracts 134.4 146.8
Gas, oil and NGL inventories at lower of average cost or market 7.9 13.3
Prepaid expenses and other 20.9 30.1
Total Current Assets 1,065.2 931.8
Property, Plant and Equipment (successful efforts method for gas and oil properties)    
Proved properties 13,472.2 13,314.9
Unproved properties 678.6 691.0
Marketing and other 296.8 297.9
Material and supplies 31.1 38.5
Total Property, Plant and Equipment 14,478.7 14,342.3
Less Accumulated Depreciation, Depletion and Amortization    
Exploration and production 8,252.4 6,870.2
Marketing and other 90.6 87.5
Total Accumulated Depreciation, Depletion and Amortization 8,343.0 6,957.7
Net Property, Plant and Equipment 6,135.7 7,384.6
Fair value of derivative contracts 20.8 23.2
Other noncurrent assets 60.9 58.6
TOTAL ASSETS 7,282.6 8,398.2
Current Liabilities    
Checks outstanding in excess of cash balances 0.0 29.8
Accounts payable and accrued expenses 204.7 351.7
Production and property taxes 41.5 46.1
Interest payable 33.7 36.4
Fair value of derivative contracts 0.0 0.8
Current portion of long-term debt 176.7 176.8
Total Current Liabilities 456.6 641.6
Long-term debt 2,016.2 2,014.7
Deferred income taxes 1,033.3 1,479.8
Asset retirement obligations 207.4 204.9
Fair value of derivative contracts 3.4 4.0
Other long-term liabilities $ 108.0 $ 105.3
Commitments and contingencies (Note 10)
EQUITY    
Common stock – par value $0.01 per share; 500.0 million shares authorized; 217.6 million and 177.3 million shares issued, respectively $ 2.2 $ 1.8
Treasury stock – 0.8 million and 0.5 million shares, respectively (18.2) (14.6)
Additional paid-in capital 931.4 554.8
Retained earnings 2,554.5 3,418.3
Accumulated other comprehensive income (loss) (12.2) (12.4)
Total Common Shareholders' Equity 3,457.7 3,947.9
TOTAL LIABILITIES AND EQUITY $ 7,282.6 $ 8,398.2