XML 23 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (565,861) $ (1,256,245)
Adjustments to reconcile net loss to cash flows from operating activities    
Depletion, depreciation, and amortization 143,907 297,898
Write-down of oil and natural gas properties 735,400 1,852,000
Deferred income taxes (318,055) (700,508)
Stock-based compensation 4,122 14,967
Commodity derivatives expense (income) 121,035 (34,150)
Receipt on settlements of commodity derivatives 124,253 272,616
Gain on debt extinguishment (107,269) 0
Debt issuance costs and discounts 14,072 4,501
Other, net (1,743) (4,019)
Changes in assets and liabilities, net of effects from acquisitions    
Accrued production receivable (20,060) 17,683
Trade and other receivables 17,568 57,865
Other current and long-term assets (7,974) (7,770)
Accounts payable and accrued liabilities (71,830) (71,892)
Oil and natural gas production payable (3,624) (13,217)
Other liabilities (997) (3,008)
Net cash provided by operating activities 62,944 426,721
Cash flows from investing activities    
Oil and natural gas capital expenditures (126,302) (276,783)
CO2 capital expenditures (451) (15,608)
Pipelines and plants capital expenditures (1,965) (20,349)
Other 1,198 (23,772)
Net cash used in investing activities (127,520) (336,512)
Cash flows from financing activities    
Bank repayments (994,000) (1,007,000)
Bank borrowings 1,139,000 962,000
Repurchases of senior subordinated notes (55,521) 0
Pipeline financing and capital lease debt repayments (14,336) (17,122)
Cash dividends paid (413) (43,528)
Other (10,421) (3,299)
Net cash provided by (used in) financing activities 64,309 (108,949)
Net decrease in cash and cash equivalents (267) (18,740)
Cash and cash equivalents at beginning of period 2,812 23,153
Cash and cash equivalents at end of period $ 2,545 $ 4,413