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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net (loss) income $ (90,910) $ 203,910
Adjustments to reconcile net (loss) income to net cash provided from operating activities:    
Loss from equity method investments, net of distributions 0 3,096
Deferred income tax (benefit) expense (39,609) 136,928
Depletion, depreciation and amortization and impairment 299,185 287,034
Exploration dry hole costs 106 1
Abandonment and impairment of unproved properties 23,821 19,327
Derivative fair value (income) loss (88,048) 170,959
Cash settlements on derivative financial instruments that do not qualify for hedge accounting 222,716 (130,762)
Allowance for bad debt 250 250
Amortization of deferred financing costs, loss on extinguishment of debt and other 3,090 29,812
Deferred and stock-based compensation 19,792 47,912
Gain on the sale of assets (2,734) (281,711)
Changes in working capital:    
Accounts receivable 73,695 1,275
Inventory and other (3,749) (6,872)
Accounts payable 3,492 20,115
Accrued liabilities and other (50,955) (59,751)
Net cash provided from operating activities 370,142 441,523
Investing activities:    
Additions to natural gas and oil properties (671,166) (546,354)
Additions to field service assets (1,574) (5,119)
Acreage purchases (51,450) (110,471)
Equity method investments and other (75) 1,103
Proceeds from disposal of assets 14,301 146,140
Purchases of marketable securities held by the deferred compensation plan (19,897) (11,251)
Proceeds from the sales of marketable securities held by the deferred compensation plan 24,992 13,343
Net cash used in investing activities (704,869) (512,609)
Financing activities:    
Borrowing on credit facilities 1,009,000 1,175,000
Repayment on credit facilities (1,368,000) (1,195,000)
Issuance of senior notes 750,000 0
Repayment of subordinated notes 0 (312,000)
Debt issuance costs (13,929) 0
Dividends paid (13,534) (13,114)
Issuance of common stock, net of offering expenses 0 396,662
Change in cash overdrafts (35,921) 4,679
Proceeds from the sales of common stock held by the deferred compensation plan 7,184 14,803
Net cash provided from financing activities 334,800 71,030
Increase (decrease) in cash and cash equivalents 73 (56)
Cash and cash equivalents at beginning of period 448 348
Cash and cash equivalents at end of period $ 521 $ 292