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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (213,414) $ (207,213)
Adjustments to reconcile net loss to net cash provided by operating activities    
Unrealized loss on derivatives 33,464 32,090
Depletion, depreciation and amortization 60,170 98,239
Accretion of asset retirement obligations 552 244
Full-cost ceiling impairment 158,633 296,153
Stock-based compensation expense 5,553 5,131
Deferred income tax benefit   (115,740)
Amortization of debt issuance cost 592 0
Net (gain) loss on asset sales and inventory impairment (2,067) 97
Changes in operating assets and liabilities    
Accounts receivable (2,751) (12,161)
Lease and well equipment inventory (514) (269)
Prepaid expenses 186 (1,143)
Other assets 520 446
Accounts payable, accrued liabilities and other current liabilities 2,451 13,316
Royalties payable 153 4,253
Advances from joint interest owners 5,083 447
Income taxes payable (2,848) (444)
Other long-term liabilities 3,837 (56)
Net cash provided by operating activities 49,600 113,390
Investing activities    
Oil and natural gas properties capital expenditures (162,381) (237,027)
Expenditures for other property and equipment (47,548) (32,885)
Business combination, net of cash acquired 0 (23,671)
Restricted cash 43,437 0
Restricted cash in less-than-wholly-owned subsidiaries 460 (413)
Net cash used in investing activities (166,032) (293,996)
Financing activities    
Repayments of borrowings 0 (476,982)
Borrowings under Credit Agreement 0 125,000
Proceeds from issuance of senior unsecured notes 0 400,000
Cost to issue senior unsecured notes 0 (8,789)
Proceeds from issuance of common stock 142,350 188,720
Cost to issue equity (768) (1,172)
Proceeds from stock options exercised 0 10
Capital contribution from non-controlling interest owners in less-than-wholly-owned subsidiaries 0 600
Taxes paid related to net share settlement of stock-based compensation (1,009) (1,565)
Net cash provided by financing activities 140,573 225,822
Increase in cash 24,141 45,216
Cash at beginning of period 16,732 8,407
Cash at end of period $ 40,873 $ 53,623