XML 84 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating revenue:      
Oil production $ 715,104 $ 761,304 $ 663,958
Gas production 190,580 134,739 170,611
Natural gas liquids production 60,687 48,498 29,996
Other operational income 7,808 3,520 3,938
Derivative income, net   3,428 1,418
Total operating revenue 974,179 951,489 869,921
Operating expenses:      
Lease operating expenses 201,153 215,003 175,881
Transportation, processing and gathering expenses 42,172 21,782 8,958
Production taxes 15,029 10,015 9,380
Depreciation, depletion and amortization 350,574 344,365 280,020
Accretion expense 33,575 33,331 30,764
Salaries, general and administrative expenses 59,524 54,648 40,169
Franchise tax settlement 12,590      
Incentive compensation expense 15,340 8,113 11,600
Other operational expenses 151 267 2,149
Derivative expense, net 2,090      
Total operating expenses 732,198 687,524 558,921
Income from operations 241,981 263,965 311,000
Other (income) expenses:      
Interest expense 32,837 30,375 9,289
Interest income (1,695) (600) (420)
Other income (2,799) (1,805) (1,942)
Loss on early extinguishment of debt 27,279 1,972 607
Total other (income) expenses 55,622 29,942 7,534
Income before income taxes 186,359 234,023 303,466
Provision (benefit) for income taxes:      
Current (10,904) 15,022 (20,386)
Deferred 79,629 69,575 129,520
Total income taxes 68,725 84,597 109,134
Net income $ 117,634 $ 149,426 $ 194,332
Basic earnings per share $ 2.36 $ 3.03 $ 3.97
Diluted earnings per share $ 2.36 $ 3.03 $ 3.97
Average shares outstanding 48,693 48,319 47,988
Average shares outstanding assuming dilution 48,735 48,361 48,030