XML 54 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:      
Net income $ 581,045 $ 434,186 $ 156,312
Adjustment for (income) loss from discontinued operations (7,436) 482 129,769
Income from continuing operations 573,609 434,668 286,081
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 387,549 315,468 262,658
Provision for bad debt 205 106 206
Stock-based compensation 18,078 12,101 15,855
Gain on sale of investment securities   (913)  
Income from asset sales (19,223) (13,903) (4,992)
Deferred income tax expense 196,931 187,651 105,691
Other     79
Change in assets and liabilities:      
Accounts receivable (160,154) (2,987) (223,916)
Inventories (22,170) (11,005) (3,858)
Prepaid expenses and other (27,758) 12,623 (12,800)
Accounts payable 54,906 17,362 16,760
Accrued liabilities 195 20,483 14,031
Deferred income taxes (180) 251 2,453
Other noncurrent liabilities (1,592) 6,129 8,402
Net cash provided by operating activities from continuing operations 1,000,396 978,034 466,650
Net cash used in operating activities from discontinued operations (64) (482) (4,362)
Net cash provided by operating activities 1,000,332 977,552 462,288
INVESTING ACTIVITIES:      
Capital expenditures (1,097,680) (694,264) (329,572)
Acquisition of TerraVici Drilling Solutions   (4,000)  
Proceeds from asset sales 39,894 26,795 7,867
Purchase of short-term investments     (16)
Proceeds from sale of investments   3,932 12,516
Net cash used in investing activities from continuing operations (1,057,786) (667,537) (309,205)
Net cash provided by (used in) investing activities from discontinued operations 7,500   (55)
Net cash used in investing activities (1,050,286) (667,537) (309,260)
FINANCING ACTIVITIES:      
Decrease in long-term debt (115,000)    
Proceeds from line of credit 20,000 10,000 895,000
Payments on line of credit (20,000) (20,000) (1,060,000)
Decrease in bank overdraft     (2,038)
Repurchase of common stock (77,610)    
Dividends paid (30,049) (26,741) (22,254)
Exercise of stock options 2,673 15,441 (202)
Tax withholdings related to net share settlements of restricted stock operations (1,514)    
Excess tax benefit from stock-based compensation 3,303 12,511 3,344
Net cash used in financing activities (218,197) (8,789) (186,150)
Net increase (decrease) in cash and cash equivalents (268,151) 301,226 (33,122)
Cash and cash equivalents, beginning of period 364,246 63,020 96,142
Cash and cash equivalents, end of period $ 96,095 $ 364,246 $ 63,020