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Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net earnings (loss) $ 33,898 $ (52,497)
Depreciation, depletion and amortization 48,422 52,610
Gain on sale of assets (1,763) 0
Gain on purchase 0 (1,046)
Amortization of debt issuance costs and net discount 2,037 2,099
Dry hole and impairment 28 0
Derivatives 42,837 124,459
Stock-based compensation expense 3,104 3,052
Deferred income taxes 16,567 (44,321)
Other, net 683 576
Allowance for bad debt 315 0
Change in book overdraft (509) 4,736
Changes in operating assets and liabilities:    
Accounts receivable (7,835) (16,330)
Inventories, prepaid expenses, and other current assets (2,686) 1,662
Accounts payable and revenue and royalties payable (674) 6,577
Accrued interest and other accrued liabilities 20,982 18,857
Net cash provided by operating activities 155,406 100,434
Cash flows from investing activities:    
Exploration and development of oil and natural gas properties (167,758) (130,672)
Property acquisitions (8,529) (2,413)
Capitalized interest (5,190) (10,392)
Proceeds from sale of assets 15,700 0
Deposits on asset sales (3,300) 0
Net cash used in investing activities (169,077) (143,477)
Cash flows from financing activities:    
Proceeds from issuances on line of credit 0 124,100
Payments on borrowings under line of credit 0 (115,900)
Proceeds from issuance of 6.375% Senior notes due 2022 600,000 0
Long-term borrowings under credit facility 102,700 63,500
Repayments of long-term borrowings under credit facility (634,200) (28,500)
Financing obligation (101) (92)
Debt issuance costs (10,569) (4)
Dividends paid (4,381) (4,060)
Stock options and restricted stock issued 3,498 1,573
Excess income tax benefit 422 2,228
Net cash provided by financing activities 57,369 42,845
Net increase (decrease) in cash and cash equivalents 43,698 (198)
Cash and cash equivalents at beginning of period 298 278
Cash and cash equivalents at end of period 43,996 80
Noncash investing activities:    
Accrued capital expenditures 41,339 28,623
Asset retirement obligation $ 4,994 $ 917