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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net (loss) income $ (521,388) $ (713,685) $ 634,382
Adjustments to reconcile net (loss) income to net cash provided from operating activities:      
Loss from equity method investments, net of distributions 0 0 3,095
Deferred income tax (benefit) expense (280,848) (338,706) 396,502
Depletion, depreciation and amortization and impairment 567,142 1,171,329 579,056
Exploration dry hole and impairment costs 18 88 16,145
Abandonment and impairment of unproved properties 30,076 47,619 47,079
Derivative fair value loss (income) 261,391 (416,364) (383,520)
Cash settlements on derivative financial instruments that do not qualify for hedge accounting 347,336 532,122 (42,634)
Allowance for bad debt 800 2,300 250
Amortization of deferred financing costs, loss on extinguishment of debt and other 7,170 29,383 24,694
Deferred and stock-based compensation 74,685 (20,411) (4,295)
Loss (gain) on the sale of assets 7,074 406,856 (285,638)
Changes in working capital:      
Accounts receivable (20,586) 64,704 (5,329)
Inventory and other 6,220 (14,868) (4,521)
Accounts payable (27,259) (26,197) (1,023)
Accrued liabilities and other (64,763) (32,768) 110
Net cash provided from operating activities 387,068 691,402 974,353
Investing activities:      
Additions to natural gas and oil properties (466,252) (1,030,644) (1,200,419)
Additions to field service assets (3,052) (4,441) (11,863)
Acreage purchases (43,482) (74,880) (211,971)
MRD Merger, net of cash acquired 7,180 0 0
Other 0 (75) 1,103
Proceeds from disposal of assets 193,755 890,901 180,508
Purchases of marketable securities held by the deferred compensation plan (37,019) (28,876) (30,898)
Proceeds from the sales of marketable securities held by the deferred compensation plan 40,035 29,243 28,084
Net cash used in investing activities (308,835) (218,772) (1,245,456)
Financing activities:      
Borrowings on credit facilities 2,274,000 2,271,000 2,107,000
Repayments on credit facilities (1,487,000) (2,899,000) (1,884,000)
Issuance of senior notes 0 750,000 0
Repayment of senior or senior subordinated notes (273,012) (516,875) (312,000)
Dividends paid (16,682) (27,083) (26,610)
Debt issuance costs (6,342) (14,156) (8,866)
Issuance of common stock 0 0 396,562
Taxes paid for shares withheld (3,849) (7,702) (20,218)
Change in cash overdrafts 18,393 (37,089) 3,371
Proceeds from the sales of common stock held by the deferred compensation plan 13,102 8,298 15,964
Net cash (used in) provided from financing activities (78,390) (472,607) 271,203
(Decrease) increase in cash and cash equivalents (157) 23 100
Cash and cash equivalents at beginning of year 471 448 348
Cash and cash equivalents at end of year 314 471 448
MRD      
Financing activities:      
Repayments on credit facilities $ (597,000) $ 0 $ 0