XML 22 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net (loss) income $ 138,007 $ (97,057) $ (679,524)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Unrealized (gain) loss on derivatives (9,715) 41,238 39,265
Depletion, depreciation and amortization 177,502 122,048 178,847
Accretion of asset retirement obligations 1,290 1,182 734
Full-cost ceiling impairment 0 158,633 801,166
Stock-based compensation expense 16,654 12,362 9,450
Deferred income tax benefit 0 0 (150,327)
Amortization of debt issuance cost 468 1,148 852
Net gain on asset sales and inventory impairment (23) (107,277) (908)
Changes in operating assets and liabilities      
Accounts receivable (82,549) (14,259) 3,633
Lease and well equipment inventory (3,623) (700) (180)
Prepaid expenses (2,960) (124) (544)
Other assets (6,425) 490 (552)
Accounts payable, accrued liabilities and other current liabilities 33,559 6,611 1,375
Royalties payable 37,370 7,495 1,654
Advances from joint interest owners 1,089 1,000 700
Income taxes payable 0 (2,848) 2,405
Other long-term liabilities (1,519) 4,144 489
Net cash provided by operating activities 299,125 134,086 208,535
Investing activities      
Oil and natural gas properties capital expenditures (699,445) (379,067) (432,715)
Expenditures for other property and equipment (120,816) (74,845) (64,499)
Proceeds from sale of assets 977 5,173 139,836
Business combination, net of cash acquired 0 0 (24,028)
Restricted cash 0 43,098 (43,098)
Restricted cash in less-than-wholly-owned subsidiaries (4,719) 1 (650)
Net cash used in investing activities (824,003) (405,640) (425,154)
Financing activities      
Repayments of borrowings 0 (120,000) (476,982)
Borrowings under Credit Agreement 0 120,000 125,000
Proceeds from issuance of common stock 208,720 288,510 188,720
Proceeds from issuance of senior unsecured notes 0 184,625 400,000
Cost to issue equity (280) (847) (1,158)
Cost to issue senior unsecured notes 0 (2,734) (9,598)
Proceeds from stock options exercised 2,920 100 10
Capital commitments from non-controlling interest owners of less-than-wholly-owned subsidiaries 0 0 562
Contributions related to formation of Joint Venture 171,500 0 0
Capital contribution from non-controlling interest owners in less-than-wholly-owned subsidiaries 44,100 0 0
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries 10,045 0 0
Taxes paid related to net share settlement of stock-based compensation 5,763 1,948 1,610
Purchase of non-controlling interest of less-than-wholly-owned subsidiary (2,653) 0 0
Net cash provided by financing activities 408,499 467,706 224,944
(Decrease) increase in cash (116,379) 196,152 8,325
Cash at beginning of year 212,884 16,732 8,407
Cash at end of year $ 96,505 $ 212,884 $ 16,732