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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net (loss) income $ (449,228) $ 64,208
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss (gain) on derivatives 25,356 (7,950)
Depletion, depreciation and amortization 143,477 90,970
Accretion of asset retirement obligations 427 371
Full-cost ceiling impairment 581,874 0
Stock-based compensation expense 6,886 4,665
Deferred income tax (benefit) provision (148,750) 34,017
Amortization of Financing Costs and Discounts 551 0
Net loss on asset sales and inventory impairment 97 0
Changes in operating assets and liabilities    
Accounts receivable 1,997 (12,605)
Lease and well equipment inventory (225) (193)
Prepaid expenses (329) (74)
Other assets 665 (810)
Accounts payable, accrued liabilities and other current liabilities 16,863 (820)
Royalties payable 6,898 6,175
Advances from joint interest owners 306 0
Income taxes payable (444) 2,565
Other long-term liabilities (497) (160)
Net cash provided by operating activities 185,924 180,359
Investing activities    
Oil and natural gas properties capital expenditures (334,951) (407,023)
Expenditures for other property and equipment (46,738) (2,906)
Business combination, net of cash acquired (24,028) 0
Increase (Decrease) in Restricted Cash 158 0
Net cash used in investing activities (405,559) (409,929)
Financing activities    
Repayments of borrowings (476,982) (180,000)
Borrowings under Credit Agreement 125,000 230,000
Proceeds from issuance of senior unsecured notes 400,000 0
Cost to issue senior unsecured notes (9,479) 0
Proceeds from issuance of common stock 188,720 181,875
Cost to issue equity (1,151) (590)
Proceeds from stock options exercised 10 6
Capital contribution from non-controlling interest owners in less-than-wholly-owned subsidiary 600 0
Payments to Noncontrolling Interests (38) 0
Taxes paid related to net share settlement of stock-based compensation (1,565) (285)
Net cash provided by financing activities 225,115 231,006
Increase in cash 5,480 1,436
Cash at beginning of period 8,407 $ 6,287
Cash at end of period $ 13,887