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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 105,720 $ (51,194)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 135,100 161,887
Deferred income tax expense (benefit) 53,289 (28,973)
(Gain) loss on sale of assets 223 (1,354)
Exploratory dry hole cost 2,842 0
Gain on derivative instruments (33,384) (18,994)
Net cash paid in settlement of derivative instruments (1,524) 0
(Earnings) loss on equity method investments 1,283 (2,009)
Amortization of debt issuance costs 1,189 1,191
Stock-based compensation and other 8,283 10,606
Changes in assets and liabilities:    
Accounts receivable, net (1,738) 19,358
Income taxes 10,534 233
Inventories 1,209 1,101
Other current assets 1,170 1,300
Accounts payable and accrued liabilities 151 (9,610)
Interest payable (15,388) (16,660)
Other assets and liabilities 419 230
Net cash provided by operating activities 269,378 67,112
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (208,384) (92,237)
Proceeds from sale of assets 374 49,828
Investment in equity method investments (7,742) (11,652)
Net cash used in investing activities (215,752) (54,061)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 0 90,000
Repayments of debt 0 (503,000)
Sale of common stock, net 0 995,278
Dividends paid (9,306) (8,282)
Tax withholdings on stock award vestings (5,414) (5,022)
Capitalized debt issuance costs 0 (3,223)
Other 37 0
Net cash provided by (used in) financing activities (14,683) 565,751
Net increase in cash and cash equivalents 38,943 578,802
Cash and cash equivalents, beginning of period 498,542 514
Cash and cash equivalents, end of period 537,485 579,316
Supplemental non-cash investing transactions:    
Change in accrued capital costs $ 6,695 $ (549)