Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities:    
Net income $ 63,208 $ 55,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 312,911 251,894
Amortization of debt issuance costs and premium 1,366 2,046
Share-based compensation 8,457 9,137
Derivative loss 6,186 14,421
Cash payments on derivative settlements (6,855) (6,960)
Deferred income taxes 31,581 44,465
Changes in operating assets and liabilities:    
Oil and natural gas receivables 12,511 30,320
Joint interest and other receivables 24,947 3,935
Insurance receivables 5,117 500
Income taxes 53,433 (24,327)
Prepaid expenses and other assets (10,815) 670
Asset retirement obligation settlements (59,188) (63,150)
Accounts payable, accrued liabilities and other 32,974 33,223
Net cash provided by operating activities 475,833 351,489
Investing activities:    
Investment in oil and natural gas properties and equipment (423,092) (312,372)
Proceeds from sales of assets and other, net 21,011 30,453
Change in restricted cash (16,459) (24,026)
Deposit for acquisition   (22,800)
Purchases of furniture, fixtures and other (1,327) (2,125)
Net cash used in investing activities (419,867) (330,870)
Financing activities:    
Borrowings of long-term debt – revolving bank credit facility 335,000 316,000
Repayments of long-term debt – revolving bank credit facility (368,000) (314,000)
Debt issuance costs (164) (2,081)
Dividends to shareholders (19,570) (17,848)
Other (250) (209)
Net cash used in financing activities (52,984) (18,138)
Increase in cash and cash equivalents 2,982 2,481
Cash and cash equivalents, beginning of period 12,245 4,512
Cash and cash equivalents, end of period $ 15,227 $ 6,993