Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Condensed Consolidating Financial Information [Abstract]



	September 30, 2013
	Quicksilver Resources Inc.			Restricted Guarantor Subsidiaries			Restricted Non- Guarantor Subsidiaries			Restricted Subsidiary Eliminations			Quicksilver and Restricted Subsidiaries			Unrestricted Non- Guarantor Subsidiaries			Fortune Creek			Consolidated Eliminations			Quicksilver Resources Inc. Consolidated
	(In thousands)
ASSETS
Current assets	$	315,788		$	10,016		$	61,101		$	(35,986	)	$	350,919		$	2,443		$	1,428		$	(4,842	)	$	349,948
Property and equipment	457,139			15,757			304,754			—			777,650			—			85,282			—			862,932
Investment in subsidiaries (equity method)	(211,041		)	—			(33,931		)	211,041			(33,931		)	(33,931		)	—			67,862			—
Other assets	476,322			—			33,134			(390,723		)	118,733			—			—			—			118,733
Total assets	$	1,038,208		$	25,773		$	365,058		$	(215,668	)	$	1,213,371		$	(31,488	)	$	86,710		$	63,020		$	1,331,613

LIABILITIES AND EQUITY
Current liabilities	$	107,325		$	11,802		$	35,835		$	(35,986	)	$	118,976		$	2,423		$	(899	)	$	(4,842	)	$	115,658
Long-term liabilities	1,895,402			19,242			522,245			(390,723		)	2,046,166			—			1,575			132,732			2,180,473
Stockholders' equity	(964,519		)	(5,271		)	(193,022		)	211,041			(951,771		)	(33,911		)	86,034			(64,870		)	(964,518		)
Total liabilities and equity	$	1,038,208		$	25,773		$	365,058		$	(215,668	)	$	1,213,371		$	(31,488	)	$	86,710		$	63,020		$	1,331,613



	December 31, 2012
	Quicksilver Resources Inc.			Restricted Guarantor Subsidiaries			Restricted Non- Guarantor Subsidiaries			Restricted Subsidiary Eliminations			Quicksilver and Restricted Subsidiaries			Unrestricted Non- Guarantor Subsidiaries			Fortune Creek		Consolidated Eliminations			Quicksilver Resources Inc. Consolidated
	(In thousands)
ASSETS
Current assets	$	261,130		$	105,695		$	76,088		$	(222,586	)	$	220,327		$	13,250		$	391	$	(26,455	)	$	207,513
Property and equipment	621,073			20,007			296,462			—			937,542			—			91,516		—			1,029,058
Investment in subsidiaries (equity method)	(191,725		)	—			(42,883		)	191,725			(42,883		)	(42,905		)	—		85,788			—
Other assets	346,972			—			41,865			(243,620		)	145,217			—			—		—			145,217
Total assets	$	1,037,450		$	125,702		$	371,532		$	(274,481	)	$	1,260,203		$	(29,655	)	$	91,907	$	59,333		$	1,381,788

LIABILITIES AND EQUITY
Current liabilities	$	255,678		$	112,133		$	33,475		$	(222,586	)	$	178,700		$	13,230		$	2,316	$	(26,455	)	$	167,791
Long-term liabilities	1,914,568			19,242			524,107			(243,620		)	2,214,297			—			1,585		130,912			2,346,794
Stockholders' equity	(1,132,796		)	(5,673		)	(186,050		)	191,725			(1,132,794		)	(42,885		)	88,006		(45,124		)	(1,132,797		)
Total liabilities and equity	$	1,037,450		$	125,702		$	371,532		$	(274,481	)	$	1,260,203		$	(29,655	)	$	91,907	$	59,333		$	1,381,788

Condensed Consolidating Statements Of Income



	For the Nine Months Ended September 30, 2013
	Quicksilver Resources Inc.			Restricted Guarantor Subsidiaries		Restricted Non- Guarantor Subsidiaries			Restricted Subsidiary Eliminations		Quicksilver and Restricted Subsidiaries			Unrestricted Non- Guarantor Subsidiaries		Fortune Creek		Consolidated Eliminations			Quicksilver Resources Inc. Consolidated
	(In thousands)
Revenue	$	334,848		$	608	$	111,862		$	—	$	447,318		$	—	$	16,736	$	(16,736	)	$	447,318
Operating expenses	256,810			206		89,559			—		346,575			—		7,552		(16,736		)	337,391
Tokyo Gas Transaction gain	341,146			—		—			—		341,146			—		—		—			341,146
Equity in net earnings of subsidiaries	(9,227		)	—		(5,300		)	9,227		(5,300		)	9,190		—		(3,890		)	—
Operating income (loss)	409,957			402		17,003			9,227		436,589			9,190		9,184		(3,890		)	451,073
Fortune Creek accretion	—			—		—			—		—			—		—		(14,490		)	(14,490		)
Interest expense and other	(200,639		)	—		(24,490		)	—		(225,129		)	—		6		—			(225,123		)
Income tax (expense) benefit	(15,921		)	—		(2,142		)	—		(18,063		)	—		—		—			(18,063		)
Net income (loss)	$	193,397		$	402	$	(9,629	)	$	9,227	$	193,397		$	9,190	$	9,190	$	(18,380	)	$	193,397
Other comprehensive income (loss)	(29,014		)	—		(9,100		)	—		(38,114		)	—		—		—			(38,114		)
Equity in OCI of subsidiaries	(9,100		)	—		—			9,100		—			—		—		—			—
Comprehensive income (loss)	$	155,283		$	402	$	(18,729	)	$	18,327	$	155,283		$	9,190	$	9,190	$	(18,380	)	$	155,283



	For the Nine Months Ended September 30, 2012 (Restated)
	Quicksilver Resources Inc.			Restricted Guarantor Subsidiaries		Restricted Non- Guarantor Subsidiaries			Restricted Subsidiary Eliminations			Quicksilver and Restricted Subsidiaries			Unrestricted Non- Guarantor Subsidiaries		Fortune Creek		Consolidated Eliminations			Quicksilver Resources Inc. Consolidated
	(In thousands)
Revenue	$	429,774		$	3,390	$	54,202		$	(2,294	)	$	485,072		$	—	$	10,021	$	(10,021	)	$	485,072
Operating expenses	2,082,777			2,541		444,621			(2,294		)	2,527,645			—		6,093		(10,021		)	2,523,717
Crestwood earn-out	41,097			—		—			—			41,097			—		—		—			41,097
Equity in net earnings of subsidiaries	(305,205		)	—		(6,931		)	305,205			(6,931		)	3,959		—		2,972			—
Operating income (loss)	(1,917,111		)	849		(397,350		)	305,205			(2,008,407		)	3,959		3,928		2,972			(1,997,548		)
Fortune Creek accretion	—			—		—			—			—			—		—		(14,549		)	(14,549		)
Interest expense and other	(114,578		)	—		(8,060		)	—			(122,638		)	22		31		—			(122,585		)
Income tax (expense) benefit	227,582			—		99,356			—			326,938			—		—		3,637			330,575
Net income	$	(1,804,107	)	$	849	$	(306,054	)	$	305,205		$	(1,804,107	)	$	3,981	$	3,959	$	(7,940	)	$	(1,804,107	)
Other comprehensive income (loss)	(48,694		)	—		3,778			—			(44,916		)	—		—		—			(44,916		)
Equity in OCI of subsidiaries	3,778			—		—			(3,778		)	—			—		—		—			—
Comprehensive income (loss)	$	(1,849,023	)	$	849	$	(302,276	)	$	301,427		$	(1,849,023	)	$	3,981	$	3,959	$	(7,940	)	$	(1,849,023	)

Condensed Consolidating Statements Of Cash Flows



	For the Nine Months Ended September 30, 2013
	Quicksilver Resources Inc.			Restricted Guarantor Subsidiaries			Restricted Non-Guarantor Subsidiaries			Quicksilver and Restricted Subsidiaries			Unrestricted Non-Guarantor Subsidiaries		Fortune Creek			Quicksilver Resources Inc. Consolidated
	(In thousands)
Net cash flow provided by (used in) operating activities	$	(113,029	)	$	(19	)	$	25,517		$	(87,531	)	$	—	$	6,428		$	(81,103	)
Purchases of property, plant and equipment	(53,291		)	19			(24,752		)	(78,024		)	—		(525		)	(78,549		)
Proceeds from Tokyo Gas Transaction	463,418			—			—			463,418			—		—			463,418
Proceeds from Synergy Transaction	42,297			—			—			42,297			—		—			42,297
Proceeds from sale of properties and equipment	2,977			—			17			2,994			—		—			2,994
Purchases of marketable securities	(142,823		)	—			—			(142,823		)	—		—			(142,823		)
Maturities and sales of marketable securities	13,178			—			—			13,178			—		—			13,178
Net cash flow provided by (used in) investing activities	325,756			19			(24,735		)	301,040			—		(525		)	300,515
Issuance of debt	1,170,266			—			3,040			1,173,306			—		—			1,173,306
Repayments of debt	(1,157,969		)	—			(150,413		)	(1,308,382		)	—		—			(1,308,382		)
Debt issuance costs paid	(25,868		)	—			—			(25,868		)	—		—			(25,868		)
Intercompany note	(147,103		)	—			147,103			—			—		—			—
Distribution of Fortune Creek Partnership funds	—			—			—			—			—		(8,079		)	(8,079		)
Purchase of treasury stock	(1,472		)	—			—			(1,472		)	—		—			(1,472		)
Net cash flow used in financing activities	(162,146		)	—			(270		)	(162,416		)	—		(8,079		)	(170,495		)
Effect of exchange rates on cash	—			—			(512		)	(512		)	—		3,122			2,610
Net increase (decrease) in cash and equivalents	50,581			—			—			50,581			—		946			51,527
Cash and equivalents at beginning of period	4,618			—			—			4,618			—		333			4,951
Cash and equivalents at end of period	$	55,199		$	—		$	—		$	55,199		$	—	$	1,279		$	56,478



	For the Nine Months Ended September 30, 2012 (Restated)
	Quicksilver Resources Inc.			Restricted Guarantor Subsidiaries			Restricted Non-Guarantor Subsidiaries			Quicksilver and Restricted Subsidiaries			Unrestricted Non-Guarantor Subsidiaries		Fortune Creek			Quicksilver Resources Inc. Consolidated
	(In thousands)
Net cash flow provided by operating activities	$	74,952		$	655		$	48,301		$	123,908		$	—	$	17,468		$	141,376
Purchases of property, plant and equipment	(199,136		)	(655		)	(227,509		)	(427,300		)	—		(9,872		)	(437,172		)
Proceeds from Crestwood earn-out	41,097			—			—			41,097			—		—			41,097
Proceeds from sale of properties and equipment	3,489			—			354			3,843			—		—			3,843
Net cash flow used in investing activities	(154,550		)	(655		)	(227,155		)	(382,360		)	—		(9,872		)	(392,232		)
Issuance of debt	177,500			—			190,146			367,646			—		—			367,646
Repayments of debt	(98,018		)	—			(13,097		)	(111,115		)	—		—			(111,115		)
Debt issuance costs paid	(1,998		)	—			(1,050		)	(3,048		)	—		—			(3,048		)
Distribution of Fortune Creek Partnership funds	—			—			—			—			—		(6,520		)	(6,520		)
Proceeds from exercise of stock options	11			—			—			11			—		—			11
Excess tax deductions on stock compensation	1,089			—			—			1,089			—		—			1,089
Purchase of treasury stock	(2,810		)	—			—			(2,810		)	—		—			(2,810		)
Net cash flow provided by (used in) financing activities	75,774			—			175,999			251,773			—		(6,520		)	245,253
Effect of exchange rates on cash	—			—			2,855			2,855			—		(2,962		)	(107		)
Net increase (decrease) in cash and equivalents	(3,824		)	—			—			(3,824		)	—		(1,886		)	(5,710		)
Cash and equivalents at beginning of period	363			—			—			363			—		12,783			13,146
Cash and equivalents at end of period	$	(3,461	)	$	—		$	—		$	(3,461	)	$	—	$	10,897		$	7,436