XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues and other income      
Oil, natural gas, and related product sales $ 2,409,867 $ 2,269,151 $ 1,793,292
CO2 sales and transportation fees 26,453 22,711 19,204
Gain on sale of interests in Genesis 0 0 101,537
Interest income and other income 20,152 17,462 7,758
Total revenues and other income 2,456,472 2,309,324 1,921,791
Expenses      
Lease operating expenses 532,359 507,397 470,364
Marketing expenses 52,836 26,047 31,036
CO2 discovery and operating expenses 14,694 14,258 7,801
Taxes other than income 160,016 147,534 120,541
General and administrative expenses 144,019 125,525 134,121
Interest, net of amounts capitalized of $77,432, $61,586 and $66,815, respectively 153,581 164,360 176,113
Depletion, depreciation and amortization 507,538 409,196 434,307
Derivatives expense (income)     (23,833)
Loss on early extinguishment of debt 0 16,131 0
Transaction and other costs related to the Encore Merger 0 4,377 92,271
Impairment of assets 17,515 22,951 0
Other expenses 21,891 0 0
Total expenses 1,599,615 1,385,279 1,442,721
Income before income taxes 856,857 924,045 479,070
Income tax provision 331,497 350,712 193,543
Consolidated net income 525,360 573,333 285,527
Net income attributable to noncontrolling interest 0 0 (13,804)
Net income attributable to Denbury stockholders $ 525,360 $ 573,333 $ 271,723
Net income per common share - basic $ 1.36 $ 1.45 $ 0.73
Net income per common share - diluted $ 1.35 $ 1.43 $ 0.72
Weighted average common shares outstanding      
Basic 385,205 396,023 370,876
Diluted 388,938 400,958 376,255