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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (80,201) $ (758,566)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Loss on sales and exchange of oil and gas properties 14,103 111,778
Impairment of unproved oil and gas properties 84,144 70,309
Impairment of proved oil and gas properties 24,573 547,101
Depreciation, depletion and amortization 112,410 261,907
Gain on derivative financial instruments (674) (1,705)
Settlements of derivative financial instruments 2,120 391
Net gain on extinguishment of debt (190,116) (55,586)
Amortization of debt discount, premium and issuance costs 6,413 3,952
Interest paid in-kind 2,576  
Deferred income taxes 3,687 (146,118)
Stock-based compensation 3,571 6,061
Excess income taxes from stock-based compensation   1,943
Decrease in accounts receivable 101 25,277
Decrease in other current assets 18 7,292
Decrease in accounts payable and accrued liabilities (37,443) (50,560)
Net cash provided by (used for) operating activities (54,718) 23,476
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (41,142) (232,896)
Proceeds from asset sales 2,067 102,674
Net cash used for investing activities (39,075) (130,222)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings   790,000
Payments to retire debt (3,388) (502,815)
Debt and equity issuance costs (9,928) (16,201)
Tax withholdings related to restricted stock (313) (526)
Excess income taxes from stock-based compensation   (1,943)
Net cash provided by (used for) financing activities (13,629) 268,515
Net increase (decrease) in cash and cash equivalents (107,422) 161,769
Cash and cash equivalents, beginning of period 134,006 2,071
Cash and cash equivalents, end of period $ 26,584 $ 163,840