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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net loss$ (19,730)$ (13,055)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Noncontrolling Interest17291
Depletion, depreciation, and accretion28,8297,138
Amortization of deferred financing costs included in interest expense3,045861
Gain on sale of assets(640)(47)
Cash paid for plugging wells(8) 
Share-based compensation19,9225,151
Unrealized (gain) loss on derivative contracts(17,221)1,181
Asset impairment 20
Deferred taxes(470) 
Changes in operating assets and liabilities:  
Accounts receivable and accrued revenue(10,426)1,158
Inventory(3,006)70
Prepaid expenses and other current assets(675)(502)
Accounts payable7,968(1,577)
Revenue payable1,943138
Accrued Liabilities5543,018
Net cash provided by operating activities10,2573,645
Cash flows from investing activities  
Capital expenditures and advances(201,618)(26,690)
Cash paid in acquisitions, net of cash received of $2.5 million(78,523)(59,500)
Change in restricted cash and deposits(2,837)(980)
Proceeds from sales of assets9,45950
Net cash used in investing activities(273,519)(87,120)
Cash flows from financing activities  
Net proceeds from sale of common stock and warrants13,89224,423
Net proceeds from sale of preferred shares94,04222,879
Proceeds from exercise of warrants and options7,12613,799
Purchase of company shares and loan to KSOP (541)
Options surrendered for cash (116)
Preferred stock dividend paid(10,017)(1,335)
Cash paid upon conversion of Series B Preferred Stock (11,250)
Proceeds from borrowings on debt408,58772,580
Principal repayment of debt(234,047)(35,779)
Payment of deferred financing costs(8,528)(2,630)
Change in other long-term liabilities59 
Net cash provided by financing activities271,11482,030
Effect of exchange rate changes on cash(231) 
Net increase (decrease) in cash and cash equivalents7,621(1,445)
Cash and cash equivalents, beginning of period5542,282
Cash and cash equivalents, end of period8,175837
Supplemental disclosure of cash flow information  
Cash paid for interest3,8671,966
Non-cash transactions  
Series B Preferred stock issued for acquisition of Triad 14,982
Debt assumed in acquisitions71,8953,411
Common stock issued for payment of services779165
Common stock issued in conversion of Series C stock 3,732
Accrued capital expenditures12,41210,253
Common stock issued for acquisitions345,537 
Exchangeable common stock issued for acquisition of NuLoch Resources31,642 
Warrants issued for payment of common stock dividends6,695 
Warrants issued for payment of dividends on MHR Exchangeco Corporation exchangeable shares$ 197