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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 64,208 $ 29,720
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized (gain) loss on derivatives (7,950) 6,626
Depletion, depreciation and amortization 90,970 74,593
Accretion of asset retirement obligations 371 248
Full-cost ceiling impairment 0 21,229
Stock-based compensation expense 4,665 2,763
Deferred income tax provision 34,017 1,661
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0 192
Changes in operating assets and liabilities    
Accounts receivable (12,605) (886)
Lease and Well Equipment Inventory (193) 198
Prepaid expenses (74) (2,148)
Other assets (810) (728)
Accounts payable, accrued liabilities and other current liabilities (820) (10,702)
Royalties payable 6,175 3,812
Advances from joint interest owners 0 (1,505)
Income taxes payable 2,565 980
Other long-term liabilities (160) 1,139
Net cash provided by operating activities 180,359 127,192
Investing activities    
Oil and natural gas properties capital expenditures (407,023) (257,216)
Expenditures for other property and equipment (2,906) (3,058)
Purchases of certificates of deposit 0 (61)
Maturities of certificates of deposit 0 251
Net cash used in investing activities (409,929) (260,084)
Financing activities    
Repayments of Lines of Credit (180,000) (130,000)
Borrowings under Credit Agreement 230,000 125,000
Proceeds from Issuance of Common Stock 181,875 149,069
Payments of Stock Issuance Costs (590) (6,933)
Proceeds from stock options exercised 6 0
Payments Related to Tax Withholding for Share-based Compensation (285) (9)
Net cash provided by financing activities 231,006 137,127
Increase (decrease) in cash 1,436 4,235
Cash at beginning of period 6,287 2,095
Cash at end of period $ 7,723 $ 6,330