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Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net earnings $ 133,040 $ 186,670
Depreciation, depletion and amortization 160,251 160,136
Gain on sale of assets (1,770) 0
Gain on purchase 0 (1,046)
Extinguishment of debt 6,842 3,377
Amortization of debt issuance costs and net discount 5,350 6,261
Impairment of oil and natural gas properties 67 0
Dry Hole and Impairment 2,515 316
Derivatives (34,760) (139,683)
Stock-based compensation expense 7,589 7,451
Deferred income taxes 77,511 105,096
Other, net (1,620) (275)
Allowance for bad debt 450 0
Change in book overdraft 7,573 5,359
Changes in operating assets and liabilities:    
Accounts receivable 504 (24,614)
Inventories, prepaid expenses, and other current assets (2,634) (2,263)
Accounts payable and revenue and royalties payable 15,097 48,438
Accrued interest and other accrued liabilities 15,611 16,667
Net cash provided by (used in) operating activities 391,616 371,890
Cash flows from investing activities:    
Exploration and development of oil and natural gas properties (524,036) (424,144)
Property acquisitions (75,706) (155,443)
Capitalized interest (13,977) (24,236)
Proceeds from sale of assets 17,294 0
Deposits on asset sales (3,300) 0
Net cash used in investing activities (599,725) (603,823)
Cash flows from financing activities:    
Proceeds from issuances on line of credit 0 368,100
Payments on borrowings under line of credit 0 (355,900)
Proceeds from issuance of 6.375% Senior notes due 2022 600,000 0
Repurchase of 8.25% Senior subordinated notes due 2016 (200,000) 0
Repurchase of 10.25% Senior notes due 2014 (149,999) (91,044)
Long-term borrowings under credit facility 1,215,500 529,400
Repayments of long-term borrowings under credit facility (1,237,000) (214,400)
Financing obligation (309) (281)
Debt issuance costs (11,424) (1,176)
Dividends paid (13,160) (12,480)
Stock options and restricted stock issued 3,551 7,333
Excess income tax benefit 756 2,197
Net cash provided by financing activities 207,915 231,749
Net decrease in cash and cash equivalents (194) (184)
Cash and cash equivalents at beginning of period 298 278
Cash and cash equivalents at end of period 104 94
Noncash investing activities:    
Accrued capital expenditures 61,044 19,162
Asset retirement obligation $ 16,854 $ 6,477