| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||
Net income | ||||||||||||
-1,716,297 | -1,746,481 | 333,146 | -521,388 | -713,685 | 634,382 | 115,722 | 13,002 | 58,026 | -239,256 | -53,870 | 351,040 | 217,268 |
Adjustments to reconcile net income to net cash provided from operating activities: | ||||||||||||
Gain from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | 15,320 | -327,954 | -92,850 | 21,947 | 63,593 |
Loss from equity method investments, net of distributions | ||||||||||||
- | - | - | - | - | -3,095 | 2,973 | -5,670 | -16,871 | 7,366 | -6,693 | -218 | -974 |
Deferred income tax expense | ||||||||||||
-506,438 | -30,489 | -251,043 | -280,848 | -338,706 | 396,502 | 34,000 | 13,832 | 34,920 | 51,746 | 46,429 | 176,912 | 95,987 |
Depletion, depreciation and amortization and impairment of proved properties | ||||||||||||
1,644,477 | 658,081 | 688,671 | 567,142 | 1,171,329 | 579,056 | 500,150 | 480,782 | 379,902 | 281,743 | 268,078 | 210,963 | 220,578 |
Impairment of goodwill | ||||||||||||
0 | 1,641,197 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Exploration dry hole and impairment costs | ||||||||||||
-11 | 4 | 9,172 | - | - | - | - | - | - | - | - | - | - |
Exploration dry hole costs | ||||||||||||
- | - | - | 18 | 88 | 16,145 | 5,699 | 841 | 3,888 | 3,700 | 2,159 | 10,934 | 17,586 |
Mark-to-market on natural gas, NGLs and oil derivatives not designated as hedges | ||||||||||||
- | - | - | - | - | - | - | - | - | -2,086 | -115,909 | 85,594 | 80,495 |
Abandonment and impairment of unproved properties | ||||||||||||
1,235,342 | 514,994 | 269,700 | 30,076 | 47,619 | 47,079 | 51,918 | 125,278 | 79,703 | 49,738 | 36,935 | 15,292 | 11,236 |
Derivative fair value (income) loss | ||||||||||||
226,681 | -51,192 | 213,350 | -261,391 | 416,364 | 383,520 | -61,825 | 41,437 | 40,087 | 2,387 | -1,696 | 1,695 | 820 |
Cash settlements on derivative financial instruments | ||||||||||||
-188,384 | 131,522 | -13,117 | -347,336 | -532,122 | 42,634 | 31,256 | -38,700 | -22,142 | - | - | - | - |
Allowance for bad debt | ||||||||||||
4,300 | -1,000 | 1,600 | 800 | 2,300 | 250 | 250 | 750 | 946 | 3,608 | 1,351 | 450 | 0 |
Amortization of deferred financing costs and other | ||||||||||||
6,455 | 2,515 | 5,445 | 7,170 | 29,383 | 24,694 | 23,866 | 23,165 | 25,458 | 10,072 | 8,755 | 2,900 | 2,277 |
Deferred and stock-based compensation | ||||||||||||
24,891 | 29,757 | 30,706 | 74,685 | -20,411 | -4,295 | 119,398 | 60,136 | 86,979 | 34,964 | 73,402 | 6,621 | 61,258 |
(Gain) loss on the sale of assets | ||||||||||||
-30,256 | -10,666 | 23,700 | -7,074 | -406,856 | 285,638 | 92,291 | 49,132 | 2,259 | 76,642 | 10,413 | 19,507 | 2,212 |
Gain on early extinguishment of debt | ||||||||||||
5,415 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Changes in working capital: | ||||||||||||
Accounts receivable | ||||||||||||
-214,196 | 142,381 | 102,866 | 20,586 | -64,704 | 5,329 | 21,212 | 38,017 | 37,789 | 6,512 | -13,396 | -2,776 | -50,570 |
Inventory and other | ||||||||||||
-4,520 | -138 | 2,979 | -6,220 | 14,868 | 4,521 | -3,785 | 7,376 | -865 | 333 | 1,463 | 9,246 | -1,040 |
Accounts payable | ||||||||||||
-60,374 | -4,274 | 45,912 | -27,259 | -26,197 | -1,023 | -13,555 | 13,654 | 738 | 2,867 | -44,765 | 10,663 | 28,640 |
Accrued liabilities and other | ||||||||||||
-155,803 | 138,293 | 12,764 | -64,763 | -32,768 | 110 | -11,788 | 7,251 | -4,783 | -2,096 | -2,935 | 4,716 | 9,922 |
Net cash provided from operating activities | ||||||||||||
- | - | - | - | 691,402 | 974,353 | 743,538 | 647,099 | 610,200 | 433,886 | 554,207 | 655,496 | 632,102 |
Net cash provided from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | 21,437 | 79,436 | 37,468 | 169,271 | 10,189 |
Net cash provided from operating activities | ||||||||||||
681,843 | 990,690 | 816,254 | 387,068 | - | - | - | - | 631,637 | 513,322 | 591,675 | 824,767 | 642,291 |
Investing activities: | ||||||||||||
Additions to natural gas and oil properties | ||||||||||||
687,277 | 960,916 | 1,148,613 | 466,252 | 1,030,644 | 1,200,419 | 1,159,252 | 1,498,628 | 1,199,545 | 732,860 | 356,329 | 557,972 | 782,398 |
Additions to field service assets | ||||||||||||
1,162 | 1,477 | 5,710 | 3,052 | 4,441 | 11,863 | 5,925 | 4,762 | 11,607 | 14,944 | 33,098 | 36,076 | 26,044 |
Acreage purchases | ||||||||||||
59,986 | 60,603 | 58,213 | 43,482 | 74,880 | 211,971 | 132,145 | 191,065 | 226,500 | 296,503 | 139,288 | 485,265 | - |
MRD Merger, net of cash acquired | ||||||||||||
- | - | - | -7,180 | 0 | 0 | - | - | - | - | - | - | 336,453 |
Other | ||||||||||||
- | - | - | - | 75 | -1,103 | -3,799 | - | - | 45 | -7,076 | - | - |
Proceeds from disposal of assets | ||||||||||||
784,937 | 324,549 | 72,468 | 193,755 | 890,901 | 180,508 | 315,522 | 168,219 | 53,926 | 327,765 | 234,076 | 68,231 | 234,332 |
Purchases of marketable securities held by the deferred compensation plan | ||||||||||||
19,039 | 46,177 | 88,167 | 37,019 | 28,876 | 30,898 | 36,136 | 60,406 | 25,388 | 17,670 | 7,470 | 11,208 | 48,018 |
Investment in equity method investments and other assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 44,162 | 94,630 |
Proceeds from the sales of marketable securities held by the deferred compensation plan | ||||||||||||
22,005 | 49,190 | 89,178 | 40,035 | 29,243 | 28,084 | 30,701 | 58,084 | 20,410 | 19,572 | 6,079 | 8,146 | 40,014 |
Net cash used in investing activities | ||||||||||||
- | - | - | - | -218,772 | -1,245,456 | -983,436 | -1,528,558 | -1,388,704 | -714,685 | -288,954 | -1,058,306 | - |
Net cash provided from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | 840,723 | -84,173 | -184,853 | -673,471 | -7,375 |
Net cash used in investing activities | ||||||||||||
39,478 | -695,434 | -1,139,057 | -308,835 | - | - | - | - | -547,981 | -798,858 | -473,807 | -1,731,777 | -1,020,572 |
Financing activities: | ||||||||||||
Borrowings on credit facilities | ||||||||||||
2,311,000 | 2,070,000 | 2,041,000 | 2,274,000 | 2,271,000 | 2,107,000 | 1,684,000 | 1,773,000 | 887,826 | 1,055,000 | 707,000 | 1,476,000 | 864,500 |
Repayments on credit facilities | ||||||||||||
2,777,000 | 2,338,000 | 1,712,000 | 1,487,000 | 2,899,000 | 1,884,000 | 1,923,000 | 1,221,000 | 974,826 | 1,105,000 | 1,076,000 | 1,086,500 | 1,013,000 |
Issuance of senior notes | ||||||||||||
- | - | - | - | 750,000 | 0 | 750,000 | 600,000 | 500,000 | 500,000 | 285,201 | 250,000 | 250,000 |
Repayment of senior or senior subordinated notes | ||||||||||||
195,432 | 0 | 500 | 273,012 | 516,875 | 312,000 | 259,063 | 259,375 | 413,697 | 202,458 | - | - | - |
Dividends paid | ||||||||||||
20,070 | 19,940 | 19,839 | 16,682 | 27,083 | 26,610 | 26,129 | 25,981 | 25,756 | 25,574 | 25,169 | 24,625 | 19,082 |
Treasury stock purchases | ||||||||||||
6,908 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Debt issuance costs | ||||||||||||
4,446 | 8,220 | 403 | 6,342 | 14,156 | 8,866 | 12,448 | 12,605 | 22,003 | 9,600 | 6,399 | 8,710 | 3,686 |
Issuance of common stock | ||||||||||||
- | - | - | - | - | 396,562 | 343 | 2,073 | 619 | 5,903 | 12,737 | 291,183 | 296,229 |
Taxes paid for shares withheld | ||||||||||||
3,384 | 3,183 | 6,983 | 3,849 | 7,702 | 20,218 | - | - | - | - | - | - | - |
Change in cash overdrafts | ||||||||||||
-25,747 | -5,563 | 17,180 | 18,393 | -37,089 | 3,371 | 5,610 | -1,126 | -51,474 | 64,100 | -22,370 | 4,420 | 3,877 |
Proceeds from the sales of common stock held by the deferred compensation plan | ||||||||||||
667 | 9,700 | 4,500 | 13,102 | 8,298 | 15,964 | 20,681 | 26,633 | 12,899 | 5,246 | 7,201 | 5,303 | -5,426 |
Purchases of common stock held by the deferred compensation plan and other treasury stock purchases | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -55 | -3,326 | 6,505 |
Net cash provided from (used in) financing activities | ||||||||||||
-721,320 | -295,159 | 322,937 | -78,390 | -472,607 | 271,203 | 239,994 | 881,619 | -86,412 | 287,617 | -117,854 | 903,745 | 379,917 |
Decrease in cash and cash equivalents | ||||||||||||
1 | 97 | 134 | -157 | 23 | 100 | 96 | 160 | -2,756 | 2,081 | 14 | -3,265 | 1,636 |
MRD | ||||||||||||
Repayments on credit facilities | ||||||||||||
- | - | - | 597,000 | - | - | - | - | - | - | - | - | - |