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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended 95 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash flows provided from operating activities      
Net income (loss) $ (366,905) $ (216,468) $ (1,294,740)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 1,345 782 6,097
Dry hole expense and impairment of unproved properties 212,199 131,720 450,931
Gain on sale of assets (2,993)   (2,993)
Equity based compensation 18,795 16,650 79,501
Amortization of premium (accretion of discount) on investments 17,043 13,269 51,584
Amortization of debt discount 34,751   36,500
Other     558
Changes in operating assets and liabilities:      
Joint interest and other receivables (48,218) (32,171) (113,413)
Inventory (17,939) (3,627) (83,225)
Prepaid expense and other current assets (2,482) 6,919 (26,423)
Deferred charges (13,264) 2,769 (13,264)
Trade and other accounts payable (57,459) (53,892) 10,418
Accrued liabilities and other (14,856) (7,344) 22,018
Net cash provided by (used in) operating activities (239,983) (141,393) (876,451)
Cash flows from investing activities      
Capital expenditures for oil and gas properties (80,439) (130,719) (927,387)
Capital expenditures for other property and equipment (7,689) (3,376) (17,733)
Exploratory wells drilling in process (356,764) (228,299) (956,846)
Proceeds from sale of oil and gas properties 3,006   342,007
Change in restricted funds 90,372 51,076 (221,710)
Proceeds from maturity of investment securities 1,003,020 768,230 3,602,074
Purchase of investment securities (1,615,834) (970,709) (5,245,771)
Net cash provided by (used in) investing activities (964,328) (513,797) (3,425,366)
Cash flows from financing activities      
Capital contributions prior to IPO-Class A limited partners     1,256,180
Proceeds from initial public offering, net of costs     950,702
Proceeds from public offerings, net of costs   489,309 967,513
Proceeds from debt offering, net of costs (1,190)   1,347,760
Proceeds from stock option exercises 198 275 536
Payments for common stock withheld for taxes on equity based compensation   (170) (362)
Net cash provided by (used in) financing activities (992) 489,414 4,522,329
Net increase (decrease) in cash and cash equivalents (1,205,303) (165,776) 220,512
Cash and cash equivalents, beginning of period 1,425,815 292,546  
Cash and cash equivalents, end of period 220,512 126,770 220,512
Cash paid for interest 16,502   16,502
Non-Cash Disclosures      
Changes in accrued capital expenditures (92,534) 270,031 135,389
Transfer of investment securities to and from restricted funds $ 26 $ 178,830 $ 178,804