XML 51 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income (loss) $ (111,394) $ 8,102
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 253,056 215,623
Impairments 1,084 123,992
Accretion of firm transportation obligation 705 991
Derivative contracts:    
Net gains (52,073) (8,130)
Cash settlements, net 104,590 (17,836)
Deferred income tax expense (benefit) 266 (339)
Gain on sales of assets, net (50,803) (120,295)
Non-cash exploration expense 4,903 8,387
Non-cash interest expense 3,504 3,114
Share-based compensation (equity-classified) 3,369 2,638
Other, net (17) 325
Changes in operating assets and liabilities, net 5,051 (16,122)
Net cash provided by operating activities 162,241 200,450
Cash flows from investing activities    
Receipts to settle working capital adjustments assumed in acquisition, net 0 33,712
Capital expenditures – property and equipment (324,876) (545,031)
Proceeds from sales of assets, net 73,670 311,913
Net cash used in investing activities (251,206) (199,406)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net 0 313,330
Payments made to induce conversion of preferred stock 0 (4,256)
Proceeds from revolving credit facility borrowings 203,000 377,000
Repayment of revolving credit facility borrowings (98,000) (583,000)
Debt issuance costs paid (744) (151)
Dividends paid on preferred stock (18,201) (5,165)
Other, net 0 1,414
Net cash provided by financing activities 86,055 99,172
Net (decrease) increase in cash and cash equivalents (2,910) 100,216
Cash and cash equivalents – beginning of period 6,252 23,474
Cash and cash equivalents – end of period 3,342 123,690
Cash paid for:    
Interest 47,489 47,778
Income taxes 7 100
Non-cash Investing activities:    
Changes in accrued liabilities related to capital expenditures $ (41,800) $ 12,805