|
|
|
|
2000 THIRD QUARTER REPORT
Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
|
Period Ended
|
|
September 30,
|
|
|
|
2000 |
1999 |
| Cash Flows from Operating Activities: |
|
|
| Net income |
$ 39,635 |
$ 11,542 |
| Non-cash revenue and expense
items |
56,362 |
37,033 |
| Net change in operating assets
and liabilities |
(8,162) |
(11) |
|
------------- |
------------- |
| Net
Cash Provided by Operating Activities |
87,835 |
48,564 |
|
------------- |
------------- |
| Cash Flows from Investing Activities: |
| Additions to property and
equipment |
(102,121) |
(34,908) |
| Proceeds from the sale of property
and equipment |
3,378 |
3,915 |
| Net cash received
as operator of oil and gas properties |
19,485 |
4,177 |
| Net cash received (distributed) as
operator of partnerships and joint ventures |
(1,866) |
4,262 |
| Limited partnership formation
and marketing costs |
--- |
(856) |
| Other |
(12) |
(327) |
|
------------- |
------------- |
| Net
Cash Used in Investing Activities |
(81,136) |
(23,737) |
|
------------- |
------------- |
| Cash Flows from Financing Activities: |
| Proceeds from
senior subordinated notes |
--- |
124,054 |
| Net payments of bank borrowings |
--- |
(146,200) |
| Net proceeds from issuances of
common stock |
2,928 |
42,794 |
| Purchase of treasury stock |
--- |
(1,463) |
| Payments of debt
issuance costs |
--- |
(3,501) |
|
------------- |
------------- |
| Net
Cash Provided by (Used in) Financing Activities |
2,928 |
15,684 |
|
------------- |
------------- |
| Net Increase in Cash and Cash Equivalents |
$ 9,627 |
$ 40,511 |
| Cash and Cash Equivalents at Beginning of Period |
22,686 |
1,631 |
|
------------- |
------------- |
| Cash and Cash Equivalents at End of Period |
$ 36,313 |
$ 42,142 |
|
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