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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities  
Net income$ 61,015$ 78,463
Adjustments to reconcile net cash provided from operating activities:  
(Gain) loss from discontinued operations(15,484)19,542
Loss from equity method investments, net of distributions24,8991,830
Deferred income tax expense35,34561,569
Depletion, depreciation, amortization and proved property impairment282,810208,855
Exploration dry hole costs2,5151,661
Mark-to-market gain on gas and oil derivatives not designated as hedges(67,093)(23,885)
Abandonment and impairment of unproved properties52,06430,713
Unrealized derivative gain(2,531)(2,400)
Allowance for bad debts446 
Deferred and stock-based compensation66,75910,313
Amortization of deferred financing costs, loss on extinguishment of debt and other23,7538,892
Loss (gain) on sale of assets1,280(78,156)
Changes in working capital:  
Accounts receivable(29,579)(1,735)
Inventory and other875(2,407)
Accounts payable(19,705)12,365
Accrued liabilities and other(24,285)4,142
Net cash provided from continuing operations393,084329,762
Net cash provided from discontinued operations20,71069,106
Net cash provided from operating activities413,794398,868
Investing activities  
Additions to oil and gas properties(855,354)(540,532)
Additions to field service assets(5,914)(12,284)
Acreage and proved property purchases(151,118)(249,731)
Other assets (45)
Proceeds from disposal of assets66,213327,454
Purchase of marketable securities held by the deferred compensation plan(15,626)(16,399)
Proceeds from the sales of marketable securities held by the deferred compensation plan8,45114,943
Net cash used in investing activities from continuing operations(953,348)(476,594)
Investing activities of discontinued operations844,894(49,221)
Net cash used in investing activities(108,454)(525,815)
Financing activities  
Borrowing on credit facilities490,826784,000
Repayment on credit facilities(764,826)(943,000)
Dividends paid(19,305)(19,170)
Issuance of common stock5855,904
Issuance of subordinated notes500,000500,000
Repayment of subordinated notes(413,698)(202,458)
Debt issuance costs(22,003)(9,435)
Change in cash overdrafts(39,761)7,609
Proceeds from the sales of common stock held by the deferred compensation plan11,8784,808
Net cash (used in) provided from financing activities(256,304)128,258
Increase in cash and equivalents49,0361,311
Cash and cash equivalents at beginning of period2,848767
Cash and cash equivalents at end of period$ 51,884$ 2,078