XML 13 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 4) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating activities:            
Net earnings (loss) $ (458,552)     $ 87,718 $ (1,002,398) $ 123,362
Less: net earnings from discontinued operations 0     28,108 0 44,569
Net earnings (loss) from continuing operations (458,552)     59,610 (1,002,398) 78,793
Adjustments to reconcile net earnings (loss) from continuing operations to net cash provided (used) by operating activities of continuing operations:            
Depreciation, depletion, and amortization 73,845     54,323 213,802 155,227
Deferred income tax         208,990 46,724
Unrealized losses (gains) on derivative instruments, net         46,372 (40,538)
Ceiling test write-down of oil and natural gas properties 329,957 349,000 34,800 0 713,750 0
Impairment of properties 79,529     0 79,529 0
Other, net         23,579 28,379
Changes in operating assets and liabilities:            
Accounts receivable         9,070 29,686
Other current assets         4,426 8,262
Accounts payable and accrued liabilities         2,182 (5,096)
Accrued interest and other         (13,477) 3,977
Net cash provided by operating activities of continuing operations         285,825 305,414
Investing activities:            
Capital expenditures for property and equipment         (604,893) (661,264)
Proceeds from sales of assets         8,902 120,956
Net cash used by investing activities of continuing operations         (595,991) (540,308)
Financing activities:            
Proceeds from bank borrowings         651,000 12,000
Repayments of bank borrowings         (756,000) (12,000)
Issuance of senior notes, net of issuance costs         491,250 0
Change in bank overdrafts         (37,716) (20,660)
Net activity in investments from subsidiaries         0 0
Other, net         (2,211) (12,307)
Net cash provided (used) by financing activities of continuing operations         346,323 (32,967)
Cash flows of discontinued operations:            
Operating cash flows         0 101,292
Investing cash flows         0 (255,470)
Financing cash flows         0 478,324
Net cash provided by discontinued operations         0 324,146
Effect of exchange rate changes on cash         0 (3,476)
Net increase in cash and cash equivalents         36,157 52,809
Net increase in cash and cash equivalents of discontinued operations         0 (289)
Net increase in cash and cash equivalents of continuing operations         36,157 52,520
Cash and cash equivalents of continuing operations at beginning of period     3,012   3,012 217,569
Cash and cash equivalents of continuing operations at end of period 39,169     270,089 39,169 270,089
Parent Company Net of Eliminations
           
Operating activities:            
Net earnings (loss)         (921,087) 32,534
Less: net earnings from discontinued operations         0 0
Net earnings (loss) from continuing operations         (921,087) 32,534
Adjustments to reconcile net earnings (loss) from continuing operations to net cash provided (used) by operating activities of continuing operations:            
Depreciation, depletion, and amortization         157,381 115,738
Deferred income tax         199,415 18,540
Unrealized losses (gains) on derivative instruments, net         37,698 (45,114)
Ceiling test write-down of oil and natural gas properties         673,131 0
Impairment of properties         0 0
Other, net         25,311 30,018
Changes in operating assets and liabilities:            
Accounts receivable         4,657 12,168
Other current assets         4,463 6,756
Accounts payable and accrued liabilities         1,915 (7,118)
Accrued interest and other         (13,102) 3,420
Net cash provided by operating activities of continuing operations         169,782 166,942
Investing activities:            
Capital expenditures for property and equipment         (496,178) (501,683)
Proceeds from sales of assets         8,902 120,949
Net cash used by investing activities of continuing operations         (487,276) (380,734)
Financing activities:            
Proceeds from bank borrowings         651,000 12,000
Repayments of bank borrowings         (756,000) (12,000)
Issuance of senior notes, net of issuance costs         491,250 0
Change in bank overdrafts         (37,661) (20,979)
Net activity in investments from subsidiaries         8,480 299,883
Other, net         (2,211) (12,307)
Net cash provided (used) by financing activities of continuing operations         354,858 266,597
Cash flows of discontinued operations:            
Operating cash flows         0 0
Investing cash flows         0 0
Financing cash flows         0 0
Net cash provided by discontinued operations         0 0
Effect of exchange rate changes on cash         0 0
Net increase in cash and cash equivalents         37,364 52,805
Net increase in cash and cash equivalents of discontinued operations         0 0
Net increase in cash and cash equivalents of continuing operations         37,364 52,805
Cash and cash equivalents of continuing operations at beginning of period     1,734   1,734 216,580
Cash and cash equivalents of continuing operations at end of period 39,098     269,385 39,098 269,385
Guarantor Subsidiary
           
Operating activities:            
Net earnings (loss) 10,320     12,415 41,328 50,056
Less: net earnings from discontinued operations 0     0 0 0
Net earnings (loss) from continuing operations 10,320     12,415 41,328 50,056
Adjustments to reconcile net earnings (loss) from continuing operations to net cash provided (used) by operating activities of continuing operations:            
Depreciation, depletion, and amortization 17,433     13,251 55,116 38,193
Deferred income tax         19,075 30,497
Unrealized losses (gains) on derivative instruments, net         8,565 4,566
Ceiling test write-down of oil and natural gas properties 0     0 0 0
Impairment of properties 0     0 0 0
Other, net         294 243
Changes in operating assets and liabilities:            
Accounts receivable         7,164 16,341
Other current assets         (6) 443
Accounts payable and accrued liabilities         (1,330) 787
Accrued interest and other         143 (122)
Net cash provided by operating activities of continuing operations         130,349 141,004
Investing activities:            
Capital expenditures for property and equipment         (99,814) (89,477)
Proceeds from sales of assets         0 0
Net cash used by investing activities of continuing operations         (99,814) (89,477)
Financing activities:            
Proceeds from bank borrowings         0 0
Repayments of bank borrowings         0 0
Issuance of senior notes, net of issuance costs         0 0
Change in bank overdrafts         (213) 185
Net activity in investments from subsidiaries         (30,323) (51,715)
Other, net         0 0
Net cash provided (used) by financing activities of continuing operations         (30,536) (51,530)
Cash flows of discontinued operations:            
Operating cash flows         0 0
Investing cash flows         0 0
Financing cash flows         0 0
Net cash provided by discontinued operations         0 0
Effect of exchange rate changes on cash         0 0
Net increase in cash and cash equivalents         (1) (3)
Net increase in cash and cash equivalents of discontinued operations         0 0
Net increase in cash and cash equivalents of continuing operations         (1) (3)
Cash and cash equivalents of continuing operations at beginning of period     1   1 3
Cash and cash equivalents of continuing operations at end of period 0     0 0 0
Combined Non-Guarantor Subsidiaries
           
Operating activities:            
Net earnings (loss) (84,032)     26,678 (122,639) 40,772
Less: net earnings from discontinued operations 0     28,108 0 44,569
Net earnings (loss) from continuing operations (84,032)     (1,430) (122,639) (3,797)
Adjustments to reconcile net earnings (loss) from continuing operations to net cash provided (used) by operating activities of continuing operations:            
Depreciation, depletion, and amortization 434     397 1,305 1,296
Deferred income tax         (9,500) (2,313)
Unrealized losses (gains) on derivative instruments, net         109 10
Ceiling test write-down of oil and natural gas properties 5,802     0 40,619 0
Impairment of properties 79,529     0 79,529 0
Other, net         (2,026) (1,882)
Changes in operating assets and liabilities:            
Accounts receivable         (2,751) 1,177
Other current assets         (31) 1,063
Accounts payable and accrued liabilities         1,597 1,235
Accrued interest and other         (518) 679
Net cash provided by operating activities of continuing operations         (14,306) (2,532)
Investing activities:            
Capital expenditures for property and equipment         (8,901) (70,104)
Proceeds from sales of assets         0 7
Net cash used by investing activities of continuing operations         (8,901) (70,097)
Financing activities:            
Proceeds from bank borrowings         0 0
Repayments of bank borrowings         0 0
Issuance of senior notes, net of issuance costs         0 0
Change in bank overdrafts         158 134
Net activity in investments from subsidiaries         21,843 (248,168)
Other, net         0 0
Net cash provided (used) by financing activities of continuing operations         22,001 (248,034)
Cash flows of discontinued operations:            
Operating cash flows         0 101,292
Investing cash flows         0 (255,470)
Financing cash flows         0 478,324
Net cash provided by discontinued operations         0 324,146
Effect of exchange rate changes on cash         0 (3,476)
Net increase in cash and cash equivalents         (1,206) 7
Net increase in cash and cash equivalents of discontinued operations         0 (289)
Net increase in cash and cash equivalents of continuing operations         (1,206) (282)
Cash and cash equivalents of continuing operations at beginning of period     1,277   1,277 986
Cash and cash equivalents of continuing operations at end of period $ 71     $ 704 $ 71 $ 704