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Consolidated statements of cash flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net (loss) income $ (4,028) $ 37,710
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, depletion & amortization 119,104 91,857
Deferred income taxes (2,705) 22,007
Gain on hedge reclassification adjustments 0 (19,512)
Non-hedge derivative losses (gains) 87,195 (17,346)
Gain on sale of assets (811) (224)
Other 1,670 2,432
Change in assets and liabilities    
Accounts receivable (13,319) (15,245)
Inventories (4,908) (1,568)
Prepaid expenses and other assets 1,463 1,435
Accounts payable and accrued liabilities (14,560) (5,912)
Revenue distribution payable 11,233 4,023
Stock-based compensation 2,183 342
Net cash provided by operating activities 182,517 99,999
Cash flows from investing activities    
Expenditures for property, plant, and equipment and oil and natural gas properties (322,310) (248,206)
Proceeds from asset dispositions 173,175 68,133
Settlement of non-hedge derivative instruments (21,982) 15,918
Other 0 (664)
Net cash used in investing activities (171,117) (164,819)
Cash flows from financing activities    
Proceeds from long-term debt 111,282 100,650
Repayment of long-term debt (134,681) (33,623)
Principal payments under capital lease obligations (1,146) 0
Net cash (used in) provided by financing activities (24,545) 67,027
Net (decrease) increase in cash and cash equivalents (13,145) 2,207
Cash and cash equivalents at beginning of period 48,595 29,819
Cash and cash equivalents at end of period $ 35,450 $ 32,026