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Quarterly Financial Data
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

Note 26 – Quarterly Financial Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

2014 (1) (2) (3) (4)

Revenues

$

94,163 

 

$

44,857 

 

$

86,445 

 

$

90,567 

Operating expenses

 

76,987 

 

 

44,338 

 

 

338,512 

 

 

542,897 

Operating profit (loss)

 

17,176 

 

 

519 

 

 

(252,067)

 

 

(452,330)

Net loss to common stockholders

 

(45,326)

 

 

(37,129)

 

 

(294,652)

 

 

(464,477)

Net income (loss)  per common share -

 

 

 

 

 

 

 

 

 

 

 

basic and diluted

 

(0.91)

 

 

(0.72)

 

 

(5.64)

 

 

(9.34)

 

 

 

 

 

 

 

 

 

 

 

 

 

2013 (5)

Revenues

$

57,672 

 

$

126,165 

 

$

36,901 

 

$

116,926 

Operating expenses

 

49,453 

 

 

94,908 

 

 

44,899 

 

 

87,922 

Operating profit (loss)

 

8,219 

 

 

31,257 

 

 

(7,998)

 

 

29,004 

Net loss to common stockholders

 

(14,502)

 

 

(14,341)

 

 

(40,341)

 

 

(28,118)

Net loss  per common share - basic and diluted

 

(0.31)

 

 

(0.30)

 

 

(0.86)

 

 

(0.60)

(1)

Includes litigation settlement expense of $19.0 million for the first quarter of 2014.

(2)

Includes loss on early extinguishment of financing agreements of $3.5 million and $30.7 million for the first and third quarters of 2014, respectively.

(3)

Includes goodwill impairment loss of $259.2 million for the third quarter of 2014.

(4)

Includes reorganization items of $43.2 million for the fourth quarter of 2014.

(5)

Includes impairments of oil and gas properties of $3.5 million and $6.0 million for the first and third quarters of 2013, respectively, and $476.7 million for the fourth quarter of 2014.