XML 20 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net loss $ (107,667) $ (50,198)
Adjustments to reconcile net loss to net cash provided by operating activities    
Unrealized loss on derivatives 6,839 8,557
Depletion, depreciation and amortization 28,923 46,470
Accretion of asset retirement obligations 264 112
Full-cost ceiling impairment 80,462 67,127
Stock-based compensation expense 2,243 2,337
Deferred income tax (benefit) provision 0 (26,390)
Amortization of debt issuance cost 300 0
Net (gain) loss on asset sales and inventory impairment (1,065) 97
Changes in operating assets and liabilities    
Accounts receivable 7,307 2,140
Lease and well equipment inventory 150 (112)
Prepaid expenses (47) (364)
Other assets 97 193
Accounts payable, accrued liabilities and other current liabilities 2,591 45,703
Royalties payable (3,975) (2,907)
Advances from joint interest owners 2,524 1,378
Income taxes payable (2,463) (444)
Other long-term liabilities 1,875 (353)
Net cash provided by operating activities 18,358 93,346
Investing activities    
Oil and natural gas properties capital expenditures (74,370) (127,440)
Expenditures for other property and equipment (27,409) (14,241)
Business combination, net of cash acquired 0 (24,028)
Restricted cash 43,337 0
Restricted cash in less-than-wholly-owned subsidiaries 510 (383)
Net cash used in investing activities (57,932) (166,092)
Financing activities    
Borrowings under Credit Agreement 0 70,000
Proceeds from issuance of common stock 142,350 0
Cost to issue equity (614) 0
Capital contribution from non-controlling interest owners in less-than-wholly-owned subsidiaries 0 450
Taxes paid related to net share settlement of stock-based compensation (565) (50)
Net cash provided by financing activities 141,171 70,400
Increase (decrease) in cash 101,597 (2,346)
Cash at beginning of period 16,732 8,407
Cash at end of period $ 118,329 $ 6,061