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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities - cash provided by (used in):    
Net income for the period $ 45,502 $ 81,611
Adjustments to reconcile net income to cash provided by operating activities:    
Depletion, depreciation and amortization 151,954 111,516
Unrealized loss (gain) on commodity derivatives 72,557 (4,133)
Deferred gain on sale of liquids gathering system (7,915) (7,915)
Stock compensation 11,547 34,182
Non-cash reorganization items, net   (451,099)
Amortization of deferred financing costs 8,333 4,781
Other (1,046) (1,014)
Net changes in operating assets and liabilities:    
Accounts receivable 12,057 (91)
Other current assets 4,829 9,356
Other non-current assets 368 173
Accounts payable (14,396) 38,619
Accrued liabilities (6,439) 89,481
Production taxes payable 21,192 19,006
Interest payable 17,414 231,553
Other long-term obligations (8,118) (2,455)
Income taxes payable/receivable 6,844 (4,787)
Net cash provided by operating activities 314,683 148,784
Investing Activities - cash provided by (used in):    
Oil and gas property expenditures (339,918) (386,754)
Change in capital cost accrual and accounts payable (31,703) 20,437
Proceeds from sale of oil and gas properties 65,811  
Inventory (7,572) (5,477)
Proceeds from sale of capital assets 2,872  
Purchase of capital assets (4,612) (2,203)
Net cash used in investing activities (315,122) (373,997)
Financing activities - cash provided by (used in):    
Borrowings under Credit Agreement 632,000 479,000
Payments under Credit Agreement (632,000) (459,000)
Borrowings under Term Loan   975,000
Extinguishment of long-term debt - (chapter 11)   (2,459,000)
Proceeds from issuance of Senior Notes   1,200,000
Deferred financing costs (638) (72,913)
Shares issued, net of transaction costs   573,774
Repurchased shares/net share settlements (2,061) (9,581)
Net cash (used in) provided by financing activities (2,699) 227,280
(Decrease) increase in cash during the period (3,138) 2,067
Cash, cash equivalents, and restricted cash, beginning of period 18,269 405,049
Cash, cash equivalents and restricted cash, end of period $ 15,131 $ 407,116