XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net Operating Revenues    
Crude Oil and Condensate $ 2,397,102 $ 1,781,833
Natural Gas Liquids 246,235 169,529
Natural Gas 556,693 410,879
(Losses) Gains on Mark-to-Market Commodity Derivative Contracts (155,736) (104,956)
Gathering, Processing and Marketing 1,015,411 922,957
Gains on Asset Dispositions, Net 11,498 164,233
Other, Net 12,468 12,039
Total 4,083,671 3,356,514
Operating Expenses    
Lease and Well 320,834 249,000
Transportation Costs 243,237 184,257
Gathering and Processing Costs 33,924 24,504
Exploration Costs 48,058 44,216
Dry Hole Costs 8,348 3,962
Impairments 113,361 53,548
Marketing Costs 1,006,304 904,649
Depreciation, Depletion and Amortization 946,491 846,388
General and Administrative 82,862 77,985
Taxes Other Than Income 195,973 134,931
Total 2,999,392 2,523,440
Operating Income 1,084,279 833,074
Other Income, Net (3,338) (10,134)
Income Before Interest Expense and Income Taxes 1,080,941 822,940
Interest Expense    
Interest Expense, Net 50,152 61,921
Income Before Income Taxes 1,030,789 761,019
Income Tax Provision 369,861 266,294
Net Income 660,928 494,725
Net Income Per Share    
Basic $ 1.22 $ 0.92
Diluted $ 1.21 $ 0.91
Dividends Declared per Common Share $ 0.125 $ 0.09375
Average Number of Common Shares    
Basic 542,278 538,717
Diluted 548,071 544,526
Comprehensive Income    
Net Income 660,928 494,725
Other Comprehensive Income (Loss)    
Foreign Currency Translation Adjustments (12,930) (14,264)
Foreign Currency Swap Transaction 50 1,701
Income Tax Related to Foreign Currency Swap Transaction (670) 0
Interest Rate Swap Transaction 777 737
Income Tax Related to Interest Rate Swap Transaction (281) (265)
Other 23 28
Other Comprehensive Income (Loss) (13,031) (12,063)
Comprehensive Income $ 647,897 $ 482,662