XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues and other income $ 343,365 $ 387,063 $ 648,817 $ 740,297
Expenses        
Taxes other than income 25,517 27,234 49,302 54,553
General and administrative expenses 17,506 19,412 36,431 39,644
Interest, net of amounts capitalized of $8,238, $8,851, $18,772 and $17,303, respectively 20,416 16,208 37,814 33,447
Depletion, depreciation, and amortization 58,264 52,944 115,561 105,395
Commodity derivatives expense (income) (24,760) 96,199 58,617 145,024
Gain on debt extinguishment (100,346) 0 (100,346) 0
Other expenses 2,386 4,178 6,524 7,564
Total expenses 131,296 347,410 473,181 647,046
Income before income taxes 212,069 39,653 175,636 93,251
Income tax provision 65,377 9,431 54,618 23,451
Net income $ 146,692 $ 30,222 $ 121,018 $ 69,800
Net income per common share        
Basic $ 0.32 $ 0.07 $ 0.27 $ 0.17
Diluted $ 0.32 $ 0.07 $ 0.26 $ 0.15
Weighted average common shares outstanding        
Basic 452,612 433,467 452,169 413,217
Diluted 467,427 457,165 461,460 454,466
Other income        
Revenues and other income $ 2,367 $ 4,437 $ 4,457 $ 9,041
Transportation and marketing        
Operating expenses 11,236 10,062 22,009 20,555
Oil, natural gas, and related product sales        
Revenues and other income 330,421 375,565 624,998 715,586
Operating expenses 117,932 120,384 243,355 238,740
CO2        
Revenues and other income 7,986 6,715 16,556 14,267
Operating expenses 581 500 1,137 962
Purchased oil sales        
Revenues and other income 2,591 346 2,806 1,403
Operating expenses $ 2,564 $ 289 $ 2,777 $ 1,162