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Consolidated statements of cash flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 79,485 $ 35,142
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion & amortization 180,631 139,439
Loss on impairment of other assets 0 1,090
Deferred income taxes 46,894 19,398
Gain on hedge reclassification adjustments 0 (28,544)
Non-hedge derivative (gains) losses (17,218) 26,484
Gain on sale of assets (1,007) (556)
Other 3,033 3,395
Change in assets and liabilities    
Accounts receivable (14,442) (20,858)
Inventories (7,287) (1,689)
Prepaid expenses and other assets 998 561
Accounts payable and accrued liabilities (906) 17,694
Revenue distribution payable 5,446 5,181
Stock-based compensation 3,504 1,747
Net cash provided by operating activities 279,131 198,484
Cash flows from investing activities    
Expenditures for property, plant, and equipment and oil and natural gas properties (499,255) (382,167)
Proceeds from asset dispositions 258,578 91,788
Settlement of non-hedge derivative instruments (25,038) 13,097
Other 0 (664)
Net cash used in investing activities (265,715) (277,946)
Cash flows from financing activities    
Proceeds from long-term debt 186,999 133,208
Repayment of long-term debt (227,572) (51,416)
Proceeds from Long-term Capital Lease Obligations 0 5,203
Principal payments under capital lease obligations (1,726) (38)
Net cash (used in) provided by financing activities (42,299) 86,957
Net (decrease) increase in cash and cash equivalents (28,883) 7,495
Cash and cash equivalents at beginning of period 48,595 29,819
Cash and cash equivalents at end of period $ 19,712 $ 37,314