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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 10 Months Ended
Feb. 28, 2017
Mar. 31, 2017
Feb. 28, 2017
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Cash flows from operating activities:            
Net income (loss)   $ (259,613)   $ 18,308   $ (247,639)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
Depreciation, depletion and amortization   15,847   21,333    
Write-down of oil and gas properties   256,435   0    
Accretion expense   2,901   4,287    
Gain on sale of oil and gas properties   0   0    
Settlement of asset retirement obligations   (17,600)   (20,734)    
Non-cash stock compensation expense   17   348    
Non-cash derivative (income) expense   (2,484)   6,119    
Non-cash interest expense   0   1    
Non-cash reorganization items   0   0    
Other non-cash expense   0   22    
Change in current income taxes   0   20,049    
Decrease in accounts receivable   6,728   2,144    
(Increase) decrease in other current assets   964   237    
Increase (decrease) in accounts payable   3,015   (13,701)    
Increase (decrease) in other current liabilities   1,672   (5,534)    
Investment in derivative contracts   (2,140)   0    
Other   4,904   (393)    
Net cash provided by (used in) operating activities   10,646   32,486    
Cash flows from investing activities:            
Investment in oil and gas properties   (5,584)   (37,081)    
Proceeds from sale of oil and gas properties, net of expenses $ 512,472 10,770   320    
Investment in fixed and other assets   (2)   0    
Net cash provided by (used in) investing activities   5,184   (36,761)    
Cash flows from financing activities:            
Repayments of bank borrowings (341,500) 0   0    
Repayments of building loan   (36)   (105)    
Cash payment to noteholders   0   0    
Debt issuance costs   0   0    
Net payments for share-based compensation   0   (15)    
Net cash used in financing activities   (36)   (120)    
Net change in cash, cash equivalents and restricted cash   15,794   (4,395)    
Cash, cash equivalents and restricted cash, beginning of period   238,513   282,237   238,513
Cash, cash equivalents and restricted cash, end of period 238,513 254,307 $ 238,513 $ 277,842 $ 254,307 282,237
Predecessor            
Cash flows from operating activities:            
Net income (loss)     630,317      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
Depreciation, depletion and amortization     37,429      
Write-down of oil and gas properties     0      
Accretion expense     5,447      
Gain on sale of oil and gas properties     (213,453)      
Settlement of asset retirement obligations     (3,641)      
Non-cash stock compensation expense     2,645      
Non-cash derivative (income) expense     1,778      
Non-cash interest expense     0      
Non-cash reorganization items     (458,677)      
Other non-cash expense     172      
Change in current income taxes     3,570      
Decrease in accounts receivable     6,354      
(Increase) decrease in other current assets     (2,274)      
Increase (decrease) in accounts payable     (4,652)      
Increase (decrease) in other current liabilities     (9,653)      
Investment in derivative contracts     (3,736)      
Other     2,490      
Net cash provided by (used in) operating activities     (5,884)      
Cash flows from investing activities:            
Investment in oil and gas properties     (8,754)      
Proceeds from sale of oil and gas properties, net of expenses     505,383      
Investment in fixed and other assets     (61)      
Net cash provided by (used in) investing activities     496,568      
Cash flows from financing activities:            
Repayments of bank borrowings     (341,500)      
Repayments of building loan     (24)      
Cash payment to noteholders     (100,000)      
Debt issuance costs     (1,055)      
Net payments for share-based compensation     (173)      
Net cash used in financing activities     (442,752)      
Net change in cash, cash equivalents and restricted cash     47,932      
Cash, cash equivalents and restricted cash, beginning of period   $ 238,513 190,581   $ 190,581 $ 238,513
Cash, cash equivalents and restricted cash, end of period $ 238,513   $ 238,513