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Condensed Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings $ 52,669 $ 106,692
Depreciation, depletion and amortization 105,068 81,197
Gain on purchase (1,046)  
Amortization of debt issuance costs and net discount 4,205 4,218
Dry hole and impairment 298 1,428
Derivatives 19,496 (46,110)
Stock-based compensation expense 5,439 5,008
Deferred income taxes 19,572 61,142
Other, net 674  
Cash paid for abandonment (864) (1,535)
Allowance for bad debt   (38,508)
Change in book overdraft 4,022 2,007
Changes in operating assets and liabilities:    
Accounts receivable (18,543) (27,950)
Inventories, prepaid expenses, and other current assets (1,813) (5,226)
Accounts payable and revenue and royalties payable 24,044 (2,687)
Accrued interest and other accrued liabilities (6,699) (4,807)
Net cash provided by operating activities 206,522 134,869
Cash flows from investing activities:    
Exploration and development of oil and gas properties (271,433) (135,038)
Property acquisitions (145,461) (150,674)
Capitalized interest (18,664) (13,054)
Net cash used in investing activities (435,558) (298,766)
Cash flows from financing activities:    
Proceeds from issuances on line of credit 243,300 159,200
Repayments of borrowings under line of credit (235,900) (155,900)
Long-term borrowings under credit facility 357,500 165,000
Repayments of long-term borrowings under credit facility (132,500) (227,000)
Financing obligation (185) (169)
Debt issuance costs (677)  
Dividends paid (8,124) (8,083)
Proceeds from issuance of common stock, net   224,313
Proceeds from stock option exercises 3,415 1,156
Excess income tax benefit and other 2,177 308
Net cash provided by financing activities 229,006 158,825
Net decrease in cash and cash equivalents (30) (5,072)
Cash and cash equivalents at beginning of period 278 5,311
Cash and cash equivalents at end of period 248 239
Noncash investing activities:    
(Decrease) increase in accrued capital expenditures (32,781) 13,486
Increase in asset retirement obligation $ 1,642 $ 1,860