XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH PROVIDED BY OPERATIONS:    
Net earnings $ 11,961 $ 9,172
Adjustments to reconcile net earnings to net cash from operating activities -    
Depreciation Depletion and Amortization 9,189 7,320
Property sale (gains) losses (2,982) (3,368)
Dry hole costs incurred 41 511
Impairment of oil and gas properties 629 562
Provision for doubtful accounts (49) 287
Deferred income taxes 425 4,761
Net change in fair value contracts 993 (508)
Decrease (increase) in accounts receivable 44,124 (22,866)
Decrease (increase) in inventories 1,642 (5,802)
Decrease (increase) in income tax receivable 417 1,909
Decrease (increase) in prepayments 1,568 (376)
Increase (decrease) in accounts payable (52,968) 36,681
Increase (decrease) in accrued liabilities 6,362 2,379
Other changes, net 196 (91)
Net cash provided by operating activities 21,548 30,571
INVESTING ACTIVITIES:    
Property and Equipment Additions (31,610) (30,262)
Insurance and state collateral (deposits) refunds 257 0
Proceeds from property sales 1,406 7,296
Proceeds from discontinued operations 3,546 0
Investment in marketable securities 0 (11,098)
Redemption of marketable securities 0 2,400
Net cash (used in) investing activities (26,401) (31,664)
Increase (decrease) in cash and cash equivalents (4,853) (1,093)
Cash and cash equivalents at beginning of period 37,066 29,032
Cash and cash equivalents at end of period $ 32,213 $ 27,939