XML 35 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ (796,124) $ 111,834
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 320,572 324,671
Deferred income taxes (140,031) (10,769)
Reduction in value of assets including discontinued operations 807,637  
Stock based and performance share unit compensation expense 24,943 22,118
Amortization of debt acquisition costs and note discount 3,881 4,113
Other reconciling items, net (243) (20,047)
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable 349,926 (30,287)
Inventory and other current assets 5,273 17,041
Accounts payable (85,195) 6,367
Accrued expenses (69,908) (7,570)
Income taxes (33,280) 28,014
Other, net 46,065 (5,740)
Net Cash Provided by (Used in) Operating Activities, Total 433,516 439,745
Cash flows from investing activities:    
Payments for capital expenditures (240,305) (315,233)
Purchase of Leased Vessel 46,442  
Proceeds from Sale of Available-for-sale Securities, Equity   10,622
Other (2,909) 9,865
Net Cash Provided by (Used in) Investing Activities, Total (289,656) (294,746)
Cash flows from financing activities:    
Payment to Extinguish Capital Lease Obligation 20,933  
Proceeds from issuance of long-term debt 6,946  
Principal payments of long-term debt (10,483) (10,000)
Payments of Ordinary Dividends, Common Stock 24,021 25,216
Proceeds from exercise of stock options 8,800 10,328
Payments for purchase and retirement of Common Stock   (116,539)
Other (3,718) 739
Net Cash Provided by (Used in) Financing Activities, Total (43,409) (140,688)
Payments on revolving line of credit 7,475 7,562
Proceeds From Revolving Line Of Credit 7,475 7,562
Effect of exchange rate changes on cash 6,765 1,295
Net increase in cash and cash equivalents 107,216 5,606
Cash and cash equivalents at beginning of period 393,046 196,047
Cash and cash equivalents at end of period $ 500,262 $ 201,653