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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (1,582,961) $ (409,592) $ (143,070)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Loss on extinguishment of debt 0 0 29,174
Depreciation, depletion and amortization 334,479 300,299 245,594
Impairments 1,397,424 791,809 132,224
Accretion of firm transportation obligation 942 1,301 1,674
Derivative contracts:      
Net (gains) losses (71,247) (162,212) 20,852
Cash settlements, net 138,169 (7,424) (1,042)
Deferred income tax benefit (4,712) (135,227) (77,696)
(Gain) loss on sales of assets, net (41,335) (120,769) 266
Non-cash exploration expense 5,759 10,346 17,451
Non-cash interest expense 4,749 4,197 3,844
Share-based compensation (equity-classified) 4,540 3,627 5,781
Other, net 13 94 297
Changes in operating assets and liabilities:      
Accounts receivable, net 137,854 (20,169) (105,023)
Accounts payable and accrued expenses (152,553) 27,362 129,670
Other assets and liabilities (1,818) (918) 1,516
Net cash provided by operating activities 169,303 282,724 261,512
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures – property and equipment (364,844) (774,139) (504,203)
Acquisition, net 0 0 (358,239)
Receipts (payments) to settle working capital adjustments assumed in acquisition, net 0 33,712 (22,455)
Proceeds from sales of assets, net 85,189 313,933 (54)
Net cash used in investing activities (279,655) (426,494) (884,951)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from revolving credit facility borrowings 233,000 412,000 297,000
Repayment of revolving credit facility borrowings (98,000) (583,000) (91,000)
Proceeds from the issuance of preferred stock, net 0 313,330 0
Payments to induce conversion of preferred stock 0 (4,256) 0
Proceeds from the issuance of senior notes 0 0 775,000
Retirement of senior notes 0 0 (319,090)
Debt issuance costs paid (744) (151) (25,634)
Dividends paid on preferred stock (18,201) (12,803) (6,862)
Other, net 0 1,428 (151)
Net cash provided by financing activities 116,055 126,548 629,263
Net increase (decrease) in cash and cash equivalents 5,703 (17,222) 5,824
Cash and cash equivalents - beginning of period 6,252 23,474 17,650
Cash and cash equivalents - end of period 11,955 6,252 23,474
Cash paid for:      
Cash paid for interest (net of amounts capitalized) 86,226 84,797 65,107
Cash paid for income taxes (net of refunds received) (714) 3,612 0
Changes in accrued liabilities related to capital expenditures (55,660) 24,715 6,356
Other assets acquired related to acquisition 0 0 99,213
Other liabilities assumed related to acquisition 0 0 96,271
Common stock transferred as consideration for acquisition $ 0 $ 0 $ 42,300