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Consolidated Statements 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) $ 42,048 $ 33,713 $ (144,318)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation, depletion and amortization 146,083 109,503 104,193
Depreciation, depletion, & amortization of discontinued operations 0 0 541
Loss on impairment of oil and natural gas properties 0 0 240,790
Loss on impairment of other assets 0 4,150 0
Litigation settlement 0 0 2,928
Deferred income taxes 35,745 23,724 (85,913)
Unrealized (gain) loss on ineffective portion of hedges and reclassification adjustments 27,452 23,889 (21,752)
Non-hedge derivative gains (34,408) (38,595) (11,169)
Loss on extinguishment of debt 20,592 2,241 0
Net gain on sale of assets (1,284) (184) (10,463)
Other 3,057 2,211 2,141
Change in assets and liabilities      
Accounts receivable (4,762) (6,463) 17,648
Inventories 328 (785) 6,048
Prepaid expenses and other assets 1,583 5,141 12,084
Accounts payable and accrued liabilities 16,519 9,452 (13,265)
Revenue distribution payable 3,577 (1,450) (1,154)
Stock-based compensation 3,086 1,155 336
Net cash provided by operating activities 259,616 167,702 98,675
Cash flows from investing activities      
Purchase of property and equipment and oil and natural gas properties (339,863) (310,125) (178,154)
Proceeds from asset dispositions 38,356 445 25,861
Return of prepaid production tax asset 0 0 13,544
Settlement of non-hedge derivative instruments (23,491) 45,490 160,275
Other 0 18 378
Net cash provided by (used in) investing activities (324,998) (264,172) 21,904
Cash flows from financing activities      
Proceeds from long-term debt 21,724 209,533 158
Repayment of long-term debt (24,785) (717,561) (94,795)
Proceeds from Senior Notes 400,000 293,016 0
Repayment of Senior Notes (325,000) 0 0
Proceeds from equity issuance 0 313,231 0
Principal payments under capital lease obligations (120) (249) (258)
Payment of debt issuance costs and other financing fees (11,858) (19,806) (4,379)
Payment of debt extinguishment costs (15,101) 0 0
Net cash provided by (used in) financing activities 44,860 78,164 (99,274)
Net increase (decrease) in cash and cash equivalents (20,522) (18,306) 21,305
Cash and cash equivalents at beginning of period 55,111 73,417 52,112
Cash and cash equivalents at end of period $ 34,589 $ 55,111 $ 73,417