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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income (loss) including noncontrolling interest $ 1,253,302,000 $ 419,486,000 [1],[2] $ (311,789,000) [1],[2]
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities:      
(Income) loss from discontinued operations (1,064,487,000) (250,348,000) [1],[2] (241,226,000) [1],[2]
Depreciation, depletion and amortization 1,147,842,000 775,614,000 [1],[2] 751,878,000 [1],[2]
Previously suspended exploration costs (credits) 12,840,000 20,508,000 [2] (4,861,000) [2]
Amortization of undeveloped leases 27,973,000 40,177,000 [2] 61,775,000 [2]
Accretion of asset retirement obligations 40,506,000 27,119,000 [1],[2] 25,282,000 [1],[2]
Impairment of assets 0 20,000,000 [1],[2] 0 [1],[2]
Deferred income tax charge (benefit) 28,530,000 (177,627,000) [2] 270,072,000 [2]
Pretax (gain) loss from sale of assets (227,000) (54,000) [2] (127,434,000) [2]
Mark to market loss (gain) on contingent consideration 8,672,000 (4,810,000) [2] 0 [2]
Mark to market loss (gain) on crude contracts 33,364,000 (33,954,000) [2] (13,748,000) [2]
Long-term non-cash compensation 76,958,000 72,151,000 [2] 44,119,000 [2]
Net (increase) decrease in noncash operating working capital (16,887,000) (16,103,000) [2] 78,846,000 [2]
Other operating activities, net (59,281,000) (142,764,000) [2] 80,437,000 [2]
Net cash provided by continuing operations activities 1,489,105,000 749,395,000 [2] 613,351,000 [2]
Investing Activities      
Acquisition of oil and natural gas properties (1,212,315,000) (794,623,000) [2] 0 [2]
Property additions and dry hole costs (1,344,271,000) (1,011,292,000) [2] (910,030,000) [2]
Proceeds from sales of property, plant and equipment 20,382,000 1,175,000 [2] 69,506,000 [2]
Purchase of investment securities 0 0 [2] (212,661,000) [2]
Proceeds from maturity of investment securities 0 0 [2] 320,828,000 [2]
Net cash required by investing activities (2,536,204,000) (1,804,740,000) [2] (732,357,000) [2]
Financing Activities      
Borrowings on revolving credit facility and term loan 1,725,000,000 325,000,000 [2] 0 [2]
Repayment of revolving credit facility and term loan (2,050,000,000) 0 [2] 0 [2]
Debt issuance, net of cost 542,394,000 0 [2] 541,597,000 [2]
Early retirement of debt (521,332,000) 0 [2] (550,000,000) [2]
Loss on early extinguishment of debt (26,626,000) 0 [2] 0 [2]
Repurchase of common stock (499,924,000) 0 [2] 0 [2]
Capital lease obligation payments (688,000) (318,000) [2] 0 [2]
Withholding tax on stock-based incentive awards (6,991,000) (8,076,000) [2] (7,116,000) [2]
Distributions to noncontrolling interest (128,158,000) 0 [2] 0 [2]
Cash dividends paid (163,669,000) (173,044,000) [2] (172,565,000) [2]
Net cash (required) provided by financing activities (1,129,994,000) 143,562,000 [2] (188,084,000) [2]
Cash Flows from Discontinued Operations      
Operating activities [3] 73,783,000 406,857,000 [2] 527,228,000 [2]
Investing activities [3] 2,022,034,000 (91,398,000) [2] (99,637,000) [2]
Financing activities [3] (4,914,000) (9,432,000) [2] (17,133,000) [2]
Net cash provided by discontinued operations [3] 2,090,903,000 306,027,000 [2] 410,458,000 [2]
Cash transferred from discontinued operations to continuing operations 2,120,397,000 612,543,000 [2] 325,446,000 [2]
Effect of exchange rate changes on cash and cash equivalents 3,533,000 28,730,000 [2] 1,327,000 [2]
Net increase (decrease) in cash and cash equivalents (53,163,000) (270,510,000) [2] 19,683,000 [2]
Cash and cash equivalents at beginning of period [2] 359,923,000 630,433,000 610,750,000
Cash and cash equivalents at end of period $ 306,760,000 $ 359,923,000 [2] $ 630,433,000 [2]
[1]
1 Reclassified to conform with current presentation (see Notes C and E). 2017 revenue is presented net of $58.9 million of transportation, gathering and processing costs as historically shown prior to the adoption of ASC 606 on January 1, 2018. See Notes to Consolidated Financial Statements, page 58.
[2] Reclassified to conform with current presentation (see Note E)
[3] Net cash provided by discontinued operations are not part of the cash flow reconciliation.