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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (51,725) $ (213,570)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Net loss on sales and exchange of oil and gas properties 907 111,830
Deferred income taxes 4,519 (114,785)
Leasehold impairments and other exploration costs 7,753 65,269
Impairment of oil and gas properties 24,460 2,387
Depreciation, depletion and amortization 74,865 182,462
Gain on derivative financial instruments (674) (627)
Settlements of derivative financial instruments 2,120  
Net gain on extinguishment of debt (89,576) (4,532)
Amortization of debt discount, premium and issuance costs 2,533 2,564
Stock-based compensation 2,493 3,982
Excess income taxes from stock-based compensation   1,903
Decrease in accounts receivable 331 17,125
Decrease (increase) in other current assets (346) 7,600
Decrease in accounts payable and accrued liabilities (8,864) (37,370)
Net cash provided by (used for) operating activities (31,204) 24,238
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (33,654) (197,263)
Proceeds from asset sales 2,067  
Net cash used for investing activities (31,587) (197,263)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings   740,000
Payments to retire debt (3,397) (420,288)
Debt and equity issuance costs (93) (16,115)
Tax withholdings related to restricted stock (313) (526)
Excess income taxes from stock-based compensation   (1,903)
Net cash provided by (used for) financing activities (3,803) 301,168
Net increase (decrease) in cash and cash equivalents (66,594) 128,143
Cash and cash equivalents, beginning of period 134,006 2,071
Cash and cash equivalents, end of period $ 67,412 $ 130,214