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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net Income (Loss) $ (354,925) $ 502,614
Income from discontinued operations 0 (469,490)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 434,005 399,568
Asset impairment 466,390 181,500
Accretion of discount on asset retirement obligations 5,379 5,650
Deferred income taxes (217,943) 287,855
Change in derivative fair value 139,490 (53,928)
(Gain) loss on sale of assets (27,558) 105
Stock-based compensation expense 7,158 10,837
Exploration, including dry holes 6,967 8,382
Discontinued operations 0 112,180
Other, net 7,080 (1,972)
Net change in:    
Accounts receivable 81,285 (28,486)
Inventories (3,933) (3,243)
Accounts payable (30,871) 27,967
Accrued taxes/income tax receivable 25,339 (264,108)
Pension and other postretirement benefit contributions (10,932) (2,397)
Other current assets and liabilities (4,996) (3,746)
Net cash provided by operating activities 521,935 709,288
Investing Activities    
Additions to oil and natural gas properties (960,966) (906,166)
Acquisitions, net of cash acquired (62,805) (26,371)
Proceeds from the sale of assets 393,174 1,347,904
Purchase of short-term investments (919,000) (377,000)
Sale of short-term investments 919,000 359,000
Discontinued operations 0 (51,850)
Net cash provided by (used in) investing activities (630,597) 345,517
Financing Activities    
Payment of dividends on common stock (4,499) (32,840)
Issuance of common stock 399,593 23,053
Reduction of long-term debt 0 (600,000)
Payment of debt issuance costs 0 (7,912)
Net change in credit facility (288,500) (410,100)
Tax benefit on stock compensation 917 3,873
Discontinued operations 0 (35,113)
Net cash provided by (used in) financing activities 107,511 (1,059,039)
Net change in cash and cash equivalents (1,151) (4,234)
Cash and cash equivalents at beginning of period 1,852 5,555
Cash and cash equivalents at end of period $ 701 $ 1,321