XML 65 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income (loss) $ (98,258) $ 72,763
Adjustments to reconcile net income (loss) to net cash provided by operating activities from continuing operations:    
Income from discontinued operations before income taxes   (36,832)
Gain on sale of dicontinued operations before income taxes   (84,740)
Non-cash portion of loss on extinguishment 21,822  
Depreciation, depletion and amortization 67,879 62,134
Impairments 71,071 1,124
Derivative contracts:    
Net gains (8,329) (29,297)
Cash settlements 11,775 17,484
Deferred income tax benefit (54,247) (7,733)
Loss (gain) on the sale of property and equipment, net (452) 129
Dry hole and unproved leasehold expense 41,081 9,518
Non-cash interest expense 4,750 6,220
Share-based compensation 3,809 4,689
Other, net 265 (462)
Changes in operating assets and liabilities, net 2,593 30,672
Net cash provided by operating activities from continuing operations 63,759 45,669
Cash flows from investing activities    
Capital expenditures - property and equipment (211,081) (168,081)
Proceeds from the sale of PVG units, net   139,120
Proceeds from the sale of property and equipment, net 696 23,277
Other, net 100 1,192
Net cash used in investing activities for continuing operations (210,285) (4,492)
Cash flows from financing activities    
Dividends paid (5,156) (5,131)
Proceeds from the issuance of Senior Notes due 2019 300,000  
Repurchase of Convertible Notes (232,963)  
Debt issuance costs paid (6,559)  
Proceeds from the sale of PVG units, net   199,125
Distributions received from discontinued operations   11,218
Other, net 974 1,844
Net cash provided by financing activities from continuing operations 56,296 207,056
Cash flows from discontinued operations    
Net cash provided by operating activities   77,759
Net cash used in investing activities   (18,112)
Net cash used in financing activities   (59,647)
Net cash provided by discontinued operations    
Net increase (decrease) in cash and cash equivalents (90,230) 248,233
Cash and cash equivalents - beginning of period 120,911 79,017
Cash and cash equivalents - end of period 30,681 327,250
Cash paid for:    
Interest (net of amounts capitalized) 19,705 20,975
Income taxes (net of refunds received) $ (96) $ 3,150