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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 50,245 $ 7,130
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion and amortization 75,386 70,854
Deferred income taxes 28,302 5,851
(Gain) loss from oil hedging activities (24,309) 13,561
Non-hedge derivative (gains) losses (62,065) 13,630
Loss on extinguishment of debt 21,696 20,576
(Gain) loss on sale of assets 48 (49)
Other 1,461 1,611
Change in assets and liabilities    
Accounts receivable (9,023) (6,073)
Inventories (6,144) (24)
Prepaid expenses and other assets 2,676 2,255
Accounts payable and accrued liabilities 675 16,365
Revenue distribution payable (3,728) 4,846
Stock-based compensation 1,076 1,597
Net cash provided by operating activities 76,296 152,130
Cash flows from investing activities    
Purchase of property and equipment and oil and natural gas properties (237,144) (180,875)
Proceeds from dispositions of property and equipment and oil and natural gas properties 39,696 412
Settlement of non-hedge derivative instruments 13,604 (19,906)
Other 22 0
Net cash used in investing activities (183,822) (200,369)
Cash flows from financing activities    
Proceeds from long-term debt 72,822 1,415
Repayment of long-term debt and capital lease obligations (36,746) (2,393)
Proceeds from Senior Notes 400,000 400,000
Repayment of Senior Notes (325,000) (325,000)
Payment of debt issuance costs and other financing fees (8,867) (11,577)
Payment of debt extinguishment costs (15,809) (15,085)
Net cash provided by financing activities 86,400 47,360
Net decrease in cash and cash equivalents (21,126) (879)
Cash and cash equivalents at beginning of period 34,589 55,111
Cash and cash equivalents at end of period $ 13,463 $ 54,232