XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities:      
Net Income (Loss) $ (130,995) $ 56,531 $ (40,995)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation, depletion and amortization 26,478 28,894 34,020
Depreciation depletion amortization from discontinued operations 0 0 4,681
Impairment of oil and gas properties 65,706 7,692 43,929
Deferred tax expense (benefit) 21,116 (3,367) 4,599
Unrealized (gains) losses on derivatives (8,378) (12,291) 55,598
Gain (Loss) on Sale of Property 0 (87,171) 0
Gain on sale 0 0 (47,308)
Amortization of non-cash compensation 3,697 3,692 3,163
Amortization of loan costs and discount 12,637 10,262 4,963
Non-cash interest expense 12,811 8,764 5,464
Other 1,517 (2,086) 3,245
Changes in operating assets and liabilities:      
(Increase) decrease in receivables (531) 6,732 3,978
(Increase) decrease in other current assets (13,328) (4,668) 7,489
Increase (decrease) in liabilities (30,073) 4,035 (27,115)
Net Cash Provided by (Used in) Operating Activities (39,343) 17,019 55,711
Cash Flows From Investing Activities:      
Capital expenditures (165,062) (92,007) (99,241)
Acquisitions (33,075) (43,726) (32,152)
Proceeds from sales, net of cash 0 108,316 144,653
(Increase) Decrease in restricted cash 31,726 (28,897) 17,860
Net Cash Provided by (Used in) Investing Activities (166,411) (56,314) 31,120
Cash Flows From Financing Activities:      
Repayments of borrowings (103,225) (75,342) (64,458)
Borrowings under debt agreements 210,000 185,000 1,400
Redemption of preferred stock 0 0 (25,000)
Proceeds from issuance of common stock 118,444 30,181 0
Dividends paid (1,816) (2,070) (9,625)
Financing costs paid (11,401) (26,590) 0
Other financing 521 96 (17)
Net Cash Provided by (Used in) Financing Activities 212,523 111,275 (97,700)
Net Increase (Decrease) in Cash and Cash Equivalents 6,769 71,980 (10,869)
Cash and Cash Equivalents, Beginning of Period 99,267 27,287 38,156
Cash and Cash Equivalents, End of Period 106,036 99,267 27,287
Cash and Cash Equivalents, End of Period:      
Total $ 106,036 $ 99,267 $ 27,287