XML 26 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net loss $ (92,178) $ (49,444)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:    
Depreciation and depletion 76,424 81,190
Deferred income tax benefit (33,369) (61,941)
Amortization of debt issuance costs 18,491 9,982
Other 6,847 14,922
Decrease (increase) in current assets:    
Receivables 26,827 (58,494)
Inventories 3,943 5,428
Prepaid expenses and other current assets 9,735 6,502
Increase (decrease) in current liabilities:    
Accounts payable (25,253) 22,534
Accrued interest 27,034 14,054
Accrued expenses and other current liabilities 16,889 (4,131)
Cash flows provided by (used in) operating activities 35,390 (19,398)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (12,281) (34,027)
Other (151) 1,021
Cash flows used in investing activities (12,432) (33,006)
FINANCING ACTIVITIES    
Proceeds from issuance of debt 553,000 450,000
Borrowings under revolving credit agreement 137,921 320,778
Repayments on revolving credit agreement (137,921) (320,778)
Retirements of debt (409,924) (254,687)
Dividends paid (626) (7,816)
Debt issuance costs (20,343) (15,163)
Other (166) (328)
Cash flows provided by financing activities 121,941 172,006
Effect of foreign exchange rates on cash (1,002) (412)
Net increase in cash and cash equivalents 143,897 119,190
Cash and cash equivalents at beginning of period 260,818 116,601
Cash and cash equivalents at end of period $ 404,715 $ 235,791