XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income (loss) $ 62,884 $ (166,357)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 221,201 236,397
Asset impairment 1,489 220,025
Accretion of discount on asset retirement obligations 2,857 3,536
Deferred income taxes 36,801 (93,018)
Change in derivative fair value (110,735) 64,159
(Gain) loss on sale of assets 298 (161,110)
Stock-based compensation expense 6,388 7,975
Exploration, including dry holes 0 16
Other, net (3,012) 3,558
Net change in:    
Accounts receivable (31,037) 35,415
Inventories (4,041) (876)
Accounts payable (4,437) (14,181)
Accrued taxes/income tax receivable 32,334 19,259
Pension contributions (59) (14,546)
Other current assets and liabilities (13,578) (16,989)
Net cash provided by operating activities 197,353 123,263
Investing Activities    
Additions to oil and natural gas properties (466,508) (228,204)
Acquisitions (237,459) (27,765)
Proceeds (payments) on the sale of assets, net (301) 285,497
Net cash provided by (used in) investing activities (704,268) 29,528
Financing Activities    
Issuance of common stock, net 0 381,219
Taxes paid for shares withheld (3,180) (2,438)
Reduction of long-term debt (7,000) 0
Net change in credit facility 131,500 (222,500)
Tax benefit on stock compensation 0 (455)
Net cash provided by financing activities 121,320 155,826
Net change in cash and cash equivalents (385,595) 308,617
Cash and cash equivalents at beginning of period 386,093 1,272
Cash and cash equivalents at end of period $ 498 $ 309,889