XML 67 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:    
Net income (loss) $ (408) $ 13,328
Reconciliation of net income (loss) to cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 39,747 36,554
Provision (benefit) for deferred income taxes (4,768) (547)
Equity-based compensation expense 3,624 4,253
Provision for doubtful accounts 333 (304)
Gain on sale of assets (13) (3,263)
Excess decommissioning/abandoning costs 32,877 9,939
Other non-cash charges and credits (5,262) (3,035)
Changes in operating assets and liabilities, net of assets acquired:    
Accounts receivable 19,716 (38,703)
Inventories 9,248 320
Prepaid expenses and other current assets 14,690 5,402
Trade accounts payable and accrued expenses (8,952) 8,989
Decommissioning liabilities, net (70,788) (42,582)
Other 317 1,623
Net cash provided by (used in) operating activities 30,361 (8,026)
Investing activities:    
Purchases of property, plant, and equipment (51,535) (55,884)
Acquisition of businesses, net 0 (107,469)
Proceeds on sale of property, plant, and equipment 837 12,440
Other investing activities 258 3,538
Net cash provided by (used in) investing activities (50,440) (147,375)
Financing activities:    
Proceeds from long-term debt 65,445 1,947
Payments of long-term debt (85,928) (1,947)
Compressco Partners' distributions (2,393) (2,300)
Proceeds from exercise of stock options 757 612
Excess tax benefit from equity compensation 0 197
Other financing activities (307) 0
Net cash provided by (used in) financing activities (22,426) (1,491)
Effect of exchange rate changes on cash (1,031) 1,692
Increase (decrease) in cash and cash equivalents (43,536) (155,200)
Cash and cash equivalents at beginning of period 74,048 204,412
Cash and cash equivalents at end of period 30,512 49,212
Supplemental cash flow information:    
Interest paid 9,616 9,073
Income taxes paid $ 4,217 $ 4,190