XML 19 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (201,366) $ (449,228)
Adjustments to reconcile net loss to net cash provided by operating activities    
Unrealized loss on derivatives 30,261 25,356
Depletion, depreciation and amortization 90,185 143,477
Accretion of asset retirement obligations 828 427
Full-cost ceiling impairment 158,633 581,874
Stock-based compensation expense 9,138 6,886
Deferred income tax benefit   (148,750)
Amortization of debt issuance cost 899 551
Net (gain) loss on asset sales and inventory impairment (3,140) 97
Changes in operating assets and liabilities    
Accounts receivable (7,782) 1,997
Lease and well equipment inventory (669) (225)
Prepaid expenses (74) (329)
Other assets 480 665
Accounts payable, accrued liabilities and other current liabilities 9,710 16,863
Royalties payable 5,225 6,898
Advances from joint interest owners 3,147 306
Income taxes payable (2,848) (444)
Other long-term liabilities 3,835 (497)
Net cash provided by operating activities 96,462 185,924
Investing activities    
Oil and natural gas properties capital expenditures (288,175) (334,951)
Expenditures for other property and equipment (57,148) (46,738)
Proceeds from Sale of Oil and Gas Property and Equipment 5,173 0
Business combination, net of cash acquired 0 (24,028)
Restricted cash 43,098 0
Restricted cash in less-than-wholly-owned subsidiaries (544) 158
Net cash used in investing activities (297,596) (405,559)
Financing activities    
Repayments of borrowings 0 (476,982)
Borrowings under Credit Agreement 65,000 125,000
Proceeds from issuance of senior unsecured notes 0 400,000
Cost to issue senior unsecured notes 0 (9,479)
Proceeds from issuance of common stock 142,350 188,720
Cost to issue equity (830) (1,151)
Proceeds from stock options exercised 0 10
Capital commitments from non-controlling interest owners in less-than-wholly-owned subsidiaries 0 562
Taxes paid related to net share settlement of stock-based compensation (1,552) (1,565)
Net cash provided by financing activities 204,968 225,115
Increase in cash 3,834 5,480
Cash at beginning of period 16,732 8,407
Cash at end of period $ 20,566 $ 13,887