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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net (loss) earnings $ (228,063) $ 82,524 $ 54,030
Depreciation, depletion and amortization 215,822 182,657 145,788
Gain on purchase (1,046) 0 0
Extinguishment of debt 4,072 573 10,823
Amortization of debt issuance costs and net discount 8,243 8,481 6,827
Impairment of oil and natural gas properties 625,564 0 10,654
Dry hole and impairment 4,616 1,478 4,205
Derivatives (29,094) 42,609 247
Stock-based compensation expense 9,636 9,386 8,626
Deferred income taxes (149,279) 54,698 19,998
Loss on sale of asset 0 0 79
Other, net 3,223 (12) (4,016)
Cash paid for abandonment (1,803) (1,832) (1,030)
Bad debt recovery 0 (38,508) 0
Change in book overdraft (156) 528 (16,018)
Changes in operating assets and liabilities:      
Accounts receivable (23,526) 20,055 (11,816)
Inventories, prepaid expenses, and other current assets (2,768) (7,553) 1,761
Accounts payable and revenue and royalties payable 25,019 5,273 (49,119)
Accrued interest and other accrued liabilities (4,561) 6,880 31,537
Net cash provided by operating activities 455,899 367,237 212,576
Cash flows from investing activities:      
Exploration and development of oil and natural gas properties (527,112) (310,139) (134,946)
Property acquisitions (158,090) (334,409) (13,497)
Capitalized interest (29,117) (28,321) (30,107)
Proceeds from sale of assets 0 0 139,796
Deposits on asset sales 3,300 0 0
Net cash used in investing activities (711,019) (672,869) (38,754)
Cash flows from financing activities:      
Proceeds from issuances on line of credit 406,600 316,000 387,700
Payments on line of credit (411,900) (310,700) (413,000)
Proceeds from issuance of 10.25% senior notes due 2014 0 0 434,962
Proceeds from issuance of 6.75% senior notes due 2020 0 300,000 0
Repurchase of 10.25% Senior notes due 2014 (94,744) 0 0
Proceeds from long-term borrowings under credit facility 719,700 363,000 655,300
Repayments of long-term borrowings under credit facility (358,200) (565,000) (1,215,100)
Financing obligation (380) (346) 18,214
Debt issuance costs (2,250) (15,173) (23,955)
Dividends paid (16,846) (16,181) (13,664)
Proceeds from issuance of stock 0 224,313 0
Proceeds from stock option exercises 10,113 4,402 890
Excess income tax benefit (expense) 3,047 284 (98)
Net cash provided by (used in) financing activities 255,140 300,599 (168,751)
Net increase (decrease) in cash and cash equivalents 20 (5,033) 5,071
Cash and cash equivalents at beginning of year 278 5,311 240
Cash and cash equivalents at end of year 298 278 5,311
Supplemental disclosures of cash flow information:      
Interest paid, net of capitalized interest 59,853 40,773 36,854
Incomes taxes paid (refunded) 7,914 (285) 8,769
Noncash investing activities:      
Accrued capital expenditures 61,098 51,095 5,059
Asset retirement obligations $ 7,448 $ 3,721 $ 1,407