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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income (loss) for the period $ 56,151 $ (3,207,220) $ 542,851
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depletion, depreciation and amortization 125,121 401,200 292,951
Ceiling test and other impairments 0 3,144,899 0
Deferred and current non-cash income taxes 1 (990) 995
Unrealized (gain) loss on commodity derivatives 0 104,190 (130,066)
Deferred gain on sale of liquids gathering system (10,553) (10,553) (10,553)
Gain on sale of property 0 0 (8,022)
Stock compensation 5,562 4,128 5,467
Non-cash reorganization items, net 42,523 0 0
Other 6,870 9,217 4,569
Net changes in operating assets and liabilities:      
Restricted cash (3,456) 2 2
Accounts receivable (19,635) 65,132 (43,116)
Other current assets (15,647) (20,106) (1,920)
Other non-current assets (539) 21,112 284
Accounts payable (63,924) 13,815 28,696
Accrued liabilities 133,144 1,655 (5,938)
Production taxes payable (7,944) (3,312) 15,115
Interest payable 57,117 (3,441) 14,233
Other long-term obligations 276 (5,770) 6,427
Current taxes payable/receivable 2,547 1,580 609
Net cash provided by operating activities 307,614 515,538 712,584
Investing Activities:      
Acquisition of oil and gas properties 0 3,964 (891,075)
Oil and gas property expenditures (269,314) (494,025) (599,913)
Gathering system expenditures 0 0 (6,842)
Proceeds from sale of property 0 0 27,944
Change in capital cost accrual (8,134) (25,380) (125,577)
Inventory (1,123) 3,235 175
Purchase of property, plant and equipment (329) (551) (5,455)
Net cash used in investing activities (278,900) (512,757) (1,600,743)
Financing activities:      
Borrowings on long-term debt 369,000 1,165,000 1,095,000
Payments on long-term debt 0 (1,153,000) (1,037,000)
Proceeds from issuance of Senior Notes 0 0 850,000
Deferred financing costs 0 6 (13,245)
Repurchased shares/net share settlements (379) (2,514) (9,111)
Payment of contingent consideration 0 (17,049) 0
Proceeds from exercise of options 0 0 770
Net cash provided by (used in) financing activities 368,621 (7,557) 886,414
Increase/(Decrease) in cash during the period 397,335 (4,776) (1,745)
Cash and cash equivalents, beginning of period 4,143 8,919 10,664
Cash and cash equivalents, end of period 401,478 4,143 8,919
Cash paid for:      
Interest 4,793 169,867 108,889
Income taxes 94 0 1,752
Non-cash investing activities — oil and gas properties $ 0 $ 0 $ 20,000