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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net (loss) income $ (207,213) $ 34,589
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss on derivatives 32,090 8,342
Depletion, depreciation and amortization 98,239 55,827
Accretion of asset retirement obligations 244 241
Full-cost ceiling impairment 296,153 0
Stock-based compensation expense 5,131 3,629
Deferred income tax (benefit) provision (115,740) 17,356
Net loss on asset sales and inventory impairment 97 0
Changes in operating assets and liabilities    
Accounts receivable (12,161) (13,338)
Lease and well equipment inventory (269) (36)
Prepaid expenses (1,143) (656)
Other assets 446 (468)
Accounts payable, accrued liabilities and other current liabilities 13,316 (517)
Royalties payable 4,253 5,890
Advances from joint interest owners 447 0
Income taxes payable (444) 2,814
Other long-term liabilities (56) (198)
Net cash provided by operating activities 113,390 113,475
Investing activities    
Oil and natural gas properties capital expenditures (237,027) (234,335)
Expenditures for other property and equipment (32,885) (1,884)
Business combination, net of cash acquired (23,671) 0
Restricted cash in less than wholly-owned subsidiaries (413) 0
Net cash used in investing activities (293,996) (236,219)
Financing activities    
Repayments of borrowings (476,982) (180,000)
Borrowings under Credit Agreement 125,000 130,000
Proceeds from issuance of senior unsecured notes 400,000 0
Cost to issue senior unsecured notes (8,789) 0
Proceeds from issuance of common stock 188,720 181,875
Cost to issue equity (1,172) (504)
Proceeds from stock options exercised 10 6
Capital commitment from non-controlling interest in subsidiary 600 0
Taxes paid related to net share settlement of stock-based compensation (1,565) (285)
Net cash provided by financing activities 225,822 131,092
Increase in cash 45,216 8,348
Cash at beginning of period 8,407 6,287
Cash at end of period $ 53,623 $ 14,635