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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 34,589 $ 9,615
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss (gain) on derivatives 8,342 (2,701)
Depletion, depreciation and amortization 55,827 48,466
Accretion of asset retirement obligations 241 161
Full-cost ceiling impairment 0 21,229
Stock-based compensation expense 3,629 1,524
Deferred income tax provision 17,356 0
Net loss on asset sales and inventory impairment 0 192
Changes in operating assets and liabilities    
Accounts receivable (13,338) 1,763
Lease and well equipment inventory (36) 280
Prepaid expenses (656) (215)
Other assets (468) (117)
Accounts payable, accrued liabilities and other current liabilities (517) 4,615
Royalties payable 5,890 (206)
Advances from joint interest owners 0 (1,515)
Income taxes payable 2,814 78
Other long-term liabilities (198) 743
Net cash provided by operating activities 113,475 83,912
Investing activities    
Oil and natural gas properties capital expenditures (234,335) (173,989)
Expenditures for other property and equipment (1,884) (2,081)
Purchases of certificates of deposit 0 (61)
Maturities of certificates of deposit 0 230
Net cash used in investing activities (236,219) (175,901)
Financing activities    
Repayments of Lines of Credit (180,000) 0
Borrowings under Credit Agreement 130,000 95,000
Proceeds from Issuance of Common Stock 181,875 0
Payments of Stock Issuance Costs (504) 0
Proceeds from stock options exercised 6 0
Payments Related to Tax Withholding for Share-based Compensation (285) (1)
Net cash provided by financing activities 131,092 94,999
Increase (decrease) in cash 8,348 3,010
Cash at beginning of period 6,287 2,095
Cash at end of period $ 14,635 $ 5,105