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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (37,643) $ (120,960)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Deferred tax expense (benefit) 86 (927)
Depreciation, depletion and amortization 10,138 20,654
Ceiling test writedown 18,857 108,911
Accretion of asset retirement obligation 608 859
Share-based compensation expense 442 1,478
Amortization costs and other 562 591
Payments to settle asset retirement obligations (464) (894)
Costs incurred to issue 2021 Notes 4,740 0
Changes in working capital accounts:    
Revenue receivable (842) 2,794
Joint interest billing receivable 10,709 14,439
Accounts payable and accrued liabilities (20,413) (24,561)
Advances from co-owners (12,021) 22,182
Other (949) (1,335)
Net cash provided by (used in) operating activities (26,190) 23,231
Cash flows used in investing activities:    
Investment in oil and gas properties (15,812) (36,033)
Investment in other property and equipment (23) (80)
Sale of oil and gas properties 7,000 0
Net cash used in investing activities (8,835) (36,113)
Cash flows provided by (used in) financing activities:    
Net proceeds for share based compensation 65 405
Deferred financing costs (38) (273)
Payment of preferred stock dividend (1,284) (1,284)
Redemption of 2017 Notes (53,626) 0
Costs incurred to issue 2021 Notes (4,740) 0
Proceeds from bank borrowings 0 15,000
Repayment of bank borrowings 0 (5,000)
Net cash provided by (used in) financing activities (59,623) 8,848
Net decrease in cash and cash equivalents (94,648) (4,034)
Cash and cash equivalents, beginning of period 148,013 18,243
Cash and cash equivalents, end of period 53,365 14,209
Cash paid during the period for:    
Interest 16,781 17,943
Income taxes $ 0 $ 20