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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flow from operating activities:      
Net income (loss) $ 573,333,000 $ 285,527,000 $ (75,156,000)
Adjustments needed to reconcile to net cash flow provided by operations:      
Depletion, depreciation and amortization 409,196,000 434,307,000 238,323,000
Deferred income taxes 342,463,000 160,349,000 (51,644,000)
Gain on sale of interests in Genesis 0 (101,537,000) 0
Stock-based compensation 33,190,000 35,366,000 35,581,000
Non-cash fair value derivative adjustments (50,008,000) (55,445,000) 383,072,000
Loss on early extinguishment of debt 16,131,000 0 0
Founder's retirement compensation 0 0 6,350,000
Debt issuance costs and discount amortization 16,954,000 17,876,000 7,215,000
Impairment of assets 22,951,000 0 0
Other, net (4,302,000) (2,144,000) (3,704,000)
Changes in assets and liabilities, net of effects from acquisitions:      
Accrued production receivable (74,781,000) 2,426,000 (52,863,000)
Trade and other receivables (55,470,000) 24,977,000 12,681,000
Other current and long-term assets (15,817,000) (4,119,000) (559,000)
Accounts payable and accrued liabilities (35,462,000) 48,549,000 25,673,000
Oil and natural gas production payable 54,391,000 15,565,000 4,385,000
Other liabilities (27,955,000) (5,886,000) 1,245,000
Net cash provided by operating activities 1,204,814,000 855,811,000 530,599,000
Cash flow used for investing activities:      
Oil and natural gas capital expenditures (1,082,853,000) (671,574,000) (343,351,000)
Acquisitions of oil and natural gas properties (35,305,000) (25,672,000) (452,795,000)
Cash paid in Encore Merger and Riley Ridge acquisitions (199,263,000) (947,241,000) 0
CO2 capital expenditures (84,789,000) (93,556,000) (100,358,000)
Pipelines and plants capital expenditures (236,133,000) (207,536,000) (566,014,000)
Purchases of other assets (28,838,000) (28,684,000) (13,591,000)
Net proceeds from sale of interests in Genesis 0 162,619,000 0
Net proceeds from sales of oil and natural gas properties and equipment 69,370,000 1,458,029,000 516,814,000
Other (8,147,000) (1,165,000) (10,419,000)
Net cash used for investing activities (1,605,958,000) (354,780,000) (969,714,000)
Cash flow from financing activities:      
Bank repayments (330,000,000) (1,530,000,000) (856,000,000)
Bank borrowings 715,000,000 1,114,000,000 906,000,000
Repayment of senior subordinated notes (525,000,000) (609,424,000) 0
Premium paid on repayment of senior subordinated notes (13,137,000) (7,213,000) 0
Net proceeds from issuance of senior subordinated notes 400,000,000 1,000,000,000 389,827,000
Net proceeds from issuance of common stock 15,920,000 13,065,000 12,991,000
Costs of debt financing (13,123,000) (76,251,000) (10,080,000)
ENP distributions to noncontrolling interest 0 (36,738,000) 0
Stock repurchase program (195,227,000) 0 0
Other (16,465,000) (7,192,000) (101,000)
Net cash provided by (used for) financing activities 37,968,000 (139,753,000) 442,637,000
Net increase in cash and cash equivalents (363,176,000) 361,278,000 3,522,000
Cash and cash equivalents at beginning of year 381,869,000 20,591,000 17,069,000
Cash and cash equivalents at end of year $ 18,693,000 $ 381,869,000 $ 20,591,000