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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income (loss) $ (1,245.0) $ (149.4) $ 784.4
Net income attributable to noncontrolling interest 0.0 0.0 21.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 871.1 881.1 1,040.6
Deferred income taxes (651.3) 25.3 (84.1)
Impairment 1,194.3 55.6 1,143.2
Bargain purchase gain from acquisition (22.6) 0.0 0.0
Share-based compensation 35.6 34.7 27.9
Pension curtailment loss 0.0 11.2 0.0
Amortization of debt issuance costs and discounts 6.4 6.2 6.7
Net gain from asset sales (5.0) (4.6) (1,644.8)
Income from unconsolidated affiliates 0.0 0.0 (5.2)
Distributions from unconsolidated affiliates and other 0.0 0.0 9.4
Non-cash loss on early extinguishment of debt 0.0 0.0 4.4
Unrealized (gains) losses on marketable securities (1.4) 0.2 0.0
Unrealized gains (losses) on derivative contracts 367.0 183.7 (374.4)
Accounts receivable 96.5 165.5 (160.5)
Inventories 8.7 15.5 (20.2)
Prepaid expenses 18.5 16.7 (7.3)
Accounts payable and accrued expenses (51.5) (71.3) 320.1
Federal income taxes 68.7 (619.4) 494.1
Other (26.3) (69.7) (13.4)
Net Cash Provided by (Used in) Operating Activities 663.7 481.3 1,542.5
INVESTING ACTIVITIES      
Property acquisitions (639.0) (98.3) (960.5)
Property, plant and equipment, including dry exploratory well expense (569.1) (1,141.1) (1,765.9)
Proceeds from disposition of assets 29.0 21.8 3,296.6
Acquisition deposit held in escrow 0.0 0.0 50.0
Other investing activities 0.0 0.0 (42.0)
Net Cash Provided by (Used in) Investing Activities (1,179.1) (1,217.6) 578.2
FINANCING ACTIVITIES      
Checks outstanding in excess of cash balances (17.5) (24.9) (54.4)
Long-term debt issued 0.0 0.0 300.0
Long-term debt issuance costs paid 0.0 (2.6) (9.3)
Long-term debt repaid (176.8) 0.0 (600.0)
Proceeds from credit facility 0.0 0.0 5,455.0
Repayments of credit facility 0.0 0.0 (5,935.0)
Common stock repurchased and retired 0.0 0.0 (99.7)
Treasury stock repurchases (4.1) (2.7) (6.2)
Other capital contributions 0.0 (0.2) 6.0
Dividends paid 0.0 (14.1) (14.6)
Proceeds from issuance of common stock, net 781.4 0.0 0.0
Excess tax (provision) benefit on share-based compensation 0.1 (3.2) (0.5)
Distribution to noncontrolling interest 0.0 0.0 (31.9)
Net Cash Provided by (Used in) Financing Activities 583.1 (47.7) (990.6)
Change in cash and cash equivalents 67.7 (784.0) 1,130.1
Beginning cash and cash equivalents 376.1 1,160.1 30.0
Ending cash and cash equivalents $ 443.8 $ 376.1 $ 1,160.1