XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and equivalents $ 964,988 $ 872,797
Canadian government securities with maturities greater than 90 days at the date of acquisition   111,542
Accounts receivable, less allowance for doubtful accounts of $1,605 in 2017 and 2016 243,472 357,099
Inventories, at lower of cost or market 105,127 127,071
Prepaid expenses 35,087 63,604
Assets held for sale 22,929 27,070
Total current assets 1,371,603 1,559,183
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $12,280,741 in 2017 and $12,607,815 in 2016 8,220,031 8,316,188
Deferred income taxes 211,543 365,935
Deferred charges and other assets 57,765 54,554
Total assets 9,860,942 10,295,860
Current liabilities    
Current maturities of long-term debt 9,902 569,817
Accounts payable 595,916 784,975
Income taxes payable 44,604 13,920
Other taxes payable 23,574 28,167
Other accrued liabilities 156,681 102,777
Liabilities associated with assets held for sale 3,530 2,776
Total current liabilities 834,207 1,502,432
Long-term debt, including capital lease obligation 2,906,520 2,422,750
Deferred income taxes 159,098 69,081
Asset retirement obligations 709,299 681,528
Deferred credits and other liabilities 631,627 617,490
Liabilities associated with assets held for sale [1]   85,900
Stockholders' equity    
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,055,724 shares in 2017 and 2016 195,056 195,056
Capital in excess of par value 917,665 916,799
Retained earnings 5,245,242 5,729,596
Accumulated other comprehensive loss (462,243) (628,212)
Treasury stock (1,275,529) (1,296,560)
Total stockholders' equity 4,620,191 4,916,679
Total liabilities and stockholders' equity $ 9,860,942 $ 10,295,860
[1] Liabilities held for sale related to Seal properties in Canada which were sold in January 2017.