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Condensed Statements Of Consolidated Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 29,860$ 32,271
Adjustments to reconcile net income to net cash provided by operating activities  
Depreciation, depletion and amortization17,79612,860
Unrealized foreign exchange gain(99)(493)
Dry hole costs (credits)(36)130
Stock based compensation1,9021,571
Bad debt provision4,061 
Other4 
Change in operating assets and liabilities:  
Trade receivables2,924(12,943)
Accounts with partners3,22115,116
Other receivables6,275(6,474)
Crude oil inventory(3,342)(301)
Materials and supplies221(256)
Prepayments and other(3,741)(693)
Accounts payable, accrued liabilities and other liabilities(4,704)(6,358)
Other long term assets 502
Net cash provided by operating activities54,34234,932
CASH FLOWS FROM INVESTING ACTIVITIES  
Funds in escrow, net3,92028
Property and equipment expenditures(22,963)(19,941)
Net cash used in investing activities(19,043)(19,913)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from the issuance of common stock1,237123
Redemption of rights plan 6
Distribution to noncontrolling interest(5,195)(4,495)
Net cash used in financing activities(3,958)(4,366)
NET CHANGE IN CASH AND CASH EQUIVALENTS31,34110,653
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD81,23480,570
CASH AND CASH EQUIVALENTS AT END OF PERIOD112,57591,223
Supplemental disclosure of cash flow information  
Income taxes paid62,39925,938
Supplemental disclosure of non cash transactions  
Property and equipment additions incurred during the period but not paid at period end5,9457,671
Receivable from employee for stock option exercise $ 44