XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (22,931) $ (56,577)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Deferred income taxes 359 4,446
Gain on sale of oil and gas properties   (740)
Exploratory lease impairments   7,753
Impairment of oil and gas properties   22,718
Depreciation, depletion and amortization 29,905 38,836
Gain on derivative financial instruments (7,860) (656)
Cash settlements of derivative financial instruments 505 998
Gain on extinguishment of debt   (33,380)
Amortization of debt discount, premium and issuance costs 5,435 1,281
Interest paid in-kind 9,240  
Stock-based compensation 1,265 1,330
(Increase) decrease in accounts receivable (2,048) 4,287
Decrease in other current assets 362 109
Decrease in accounts payable and accrued expenses (11,025) (21,444)
Net cash provided by (used for) operating activities 3,207 (31,039)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (38,401) (14,185)
Proceeds from sales of oil and gas properties   868
Net cash used for investing activities (38,401) (13,317)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common stock warrants exercised 1  
Debt and equity issuance costs   (15)
Tax withholdings related to equity awards (271) (312)
Net cash used for financing activities (270) (327)
Net decrease in cash and cash equivalents (35,464) (44,683)
Cash and cash equivalents, beginning of period 65,904 134,006
Cash and cash equivalents, end of period $ 30,440 $ 89,323