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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net (loss) income $ (679,524) $ 110,754 $ 45,094
Adjustments to reconcile net (loss) income to net cash provided by operating activities      
Unrealized loss (gain) on derivatives 39,265 (58,302) 7,232
Depletion, depreciation and amortization 178,847 134,737 98,395
Accretion of asset retirement obligations 734 504 348
Full-cost ceiling impairment 801,166 0 21,229
Stock-based compensation expense 9,450 5,524 3,897
Deferred income tax (benefit) provision (150,327) 64,242 9,293
Amortization of debt issuance costs and discounts 852 0 0
Net (gain) loss on asset sales and inventory impairment (908) 0 192
Changes in operating assets and liabilities      
Accounts receivable 3,633 (13,318) (2,160)
Lease and well equipment inventory (180) (211) 243
Prepaid expenses (544) (783) (668)
Other assets (552) 1,212 (548)
Accounts payable, accrued liabilities and other current liabilities 1,375 607 (3,638)
Royalties payable 1,654 6,663 1,257
Advances from joint interest owners 700 0 (1,515)
Income taxes payable 2,405 39 404
Other long-term liabilities 489 (187) 415
Net cash provided by operating activities 208,535 251,481 179,470
Investing activities      
Proceeds from sale of assets 139,836 79 0
Oil and natural gas properties capital expenditures (432,715) (560,849) (363,192)
Expenditures for other property and equipment (64,499) (9,152) (3,977)
Business combination, net of cash acquired (24,028) 0 0
Maturities of certificates of deposit, net of purchases 0 0 230
Restricted cash (43,098) 0 0
Restricted cash in less-than-wholly-owned subsidiaries (650) (609) 0
Net cash used in investing activities (425,154) (570,531) (366,939)
Financing activities      
Repayments of borrowings (476,982) (180,000) (130,000)
Borrowings under Credit Agreement 125,000 320,000 180,000
Proceeds from issuance of common stock 188,720 181,875 149,069
Swing sale profit contribution 400,000 0 0
Cost to issue equity (1,158) (590) (7,390)
Cost to issue senior unsecured notes (9,598) 0 0
Proceeds from stock options exercised 10 43 0
Capital contribution from non-controlling interest owners in less-than-wholly-owned subsidiaries 562 150 0
Taxes paid related to net share settlement of stock-based compensation (1,610) (308) (18)
Net cash provided by financing activities 224,944 321,170 191,661
Increase in cash 8,325 2,120 4,192
Cash at beginning of year 8,407 6,287 2,095
Cash at end of year $ 16,732 $ 8,407 $ 6,287