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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2017
Successor        
OPERATING ACTIVITIES        
Net income (loss) $ 129,865 $ (50,063)   $ 238,173
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and depletion 19,650 15,821   34,232
Deferred income tax expense 0 0   0
Stock based compensation expense 922 125   922
Non-cash reorganization items 0 0   0
Amortization of debt issuance costs and debt discount, net 427 376   889
Accretion of asset retirement obligations 904 735   1,899
Changes in operating assets and liabilities:        
Trade accounts receivable 3,629 (28,041)   (26,655)
Other receivables 1,442 124   1,200
Inventories (4,339) 14,677   (32,931)
Prepaid expenses and other current assets (2,507) (9,675)   (4,674)
Accounts payable (2,459) (7,349)   7,778
Accrued expenses and other current liabilities 17,072 28,593   10,017
Other (3,202) 5,789   (3,893)
Net cash provided by (used in) operating activities 161,404 (28,888)   226,957
INVESTING ACTIVITIES        
Purchase of property, plant and equipment (16,885) (6,014)   (28,263)
Proceeds from sale of property, plant and equipment 0 34   0
Cash paid for acquisition, net of cash acquired 0 (24,107)   0
Proceeds from termination of life insurance policy 0 12,857   0
Purchases of short-term investments 0 (17,000)   0
Net cash used in investing activities (16,885) (34,230)   (28,263)
FINANCING ACTIVITIES        
Dividends paid (2,673) 0   (192,673)
Proceeds from Rights Offering 0 200,000   0
Proceeds from issuance of debt 0 0   0
Retirements of debt (766) (765)   (1,531)
Net cash transfers to Parent 0 0   0
Debt issuance costs paid 0 (4,515)   0
Net cash provided by (used in) financing activities (3,439) 194,720   (194,204)
Net increase (decrease) in cash and cash equivalents and restricted cash 141,080 131,602   4,490
Cash and cash equivalents and restricted cash at beginning of period 16,066 0   152,656
Cash and cash equivalents and restricted cash at end of period 157,146 131,602 $ 0 $ 157,146
Predecessor        
OPERATING ACTIVITIES        
Net income (loss)     (61,816)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and depletion     28,958  
Deferred income tax expense     18  
Stock based compensation expense     390  
Non-cash reorganization items $ (18,882)   (18,882)  
Amortization of debt issuance costs and debt discount, net     10,164  
Accretion of asset retirement obligations     1,169  
Changes in operating assets and liabilities:        
Trade accounts receivable     15,097  
Other receivables     1,070  
Inventories     677  
Prepaid expenses and other current assets     13,020  
Accounts payable     (15,338)  
Accrued expenses and other current liabilities     (16,083)  
Other     858  
Net cash provided by (used in) operating activities     (40,698)  
INVESTING ACTIVITIES        
Purchase of property, plant and equipment     (5,422)  
Proceeds from sale of property, plant and equipment     0  
Cash paid for acquisition, net of cash acquired     0  
Proceeds from termination of life insurance policy     0  
Purchases of short-term investments     0  
Net cash used in investing activities     (5,422)  
FINANCING ACTIVITIES        
Dividends paid     0  
Proceeds from Rights Offering     0  
Proceeds from issuance of debt     15,723  
Retirements of debt     (285)  
Net cash transfers to Parent     (13,290)  
Debt issuance costs paid     (8,388)  
Net cash provided by (used in) financing activities     (6,240)  
Net increase (decrease) in cash and cash equivalents and restricted cash     (52,360)  
Cash and cash equivalents and restricted cash at beginning of period   $ 32,102 84,462  
Cash and cash equivalents and restricted cash at end of period     $ 32,102