XML 24 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net Income (Loss) $ (1,653,971) $ (283,427) $ (2,442)
Adjustments to reconcile net income to net cash provided by operation activities -      
Write-down of oil and gas properties 1,562,086 445,396 46,948
Depreciation, depletion, and amortization 177,512 267,590 252,769
Accretion of asset retirement obligation 5,572 5,712 6,181
Deferred income taxes (80,133) (150,357) 2,647
Stock-based compensation expense 4,435 7,309 10,099
Reorganization items (non-cash) 6,565 0 0
Other (831) (8,910) (5,443)
Change in assets and liabilities-      
(Increase) decrease in accounts receivable 26,747 21,411 (1,894)
Increase (decrease) in accounts payable and accrued liabilities (15,003) 1,505 2,607
Increase (decrease) in income taxes payable (435) 314 (224)
Increase (decrease) in accrued interest 9,730 (172) 199
Net Cash Provided by Operating Activities 42,274 306,371 311,447
Cash Flows from Investing Activities:      
Additions to property and equipment (139,688) (386,336) (540,368)
Proceeds from the sale of property and equipment 1,164 145,035 6,991
Funds withdrawn from restricted cash account 0 25,994 0
Funds deposited into restricted cash account 0 (25,994) 0
Net Cash Used in Investing Activities (138,524) (241,301) (533,377)
Cash Flows from Financing Activities:      
Proceeds from bank borrowings 281,100 487,400 622,500
Payments of bank borrowings (153,500) (555,100) (396,900)
Net proceeds from issuances of common stock 302 824 950
Purchase of treasury shares (154) (1,065) (1,513)
Payments of debt issuance costs (2,444) 0 0
Net Cash Provided by (Used in) Financing Activities 125,304 (67,941) 225,037
Net Increase (decrease) in Cash and Cash Equivalents 29,054 (2,871) 3,107
Cash and Cash Equivalents at Beginning of Period 406 3,277 170
Cash and Cash Equivalents at End of Period 29,460 406 3,277
Supplemental Disclosures of Cash Flows Information:      
Cash paid during period for interest, net of amounts capitalized 63,132 70,933 67,070
Cash paid during period for income taxes $ 450 $ 150 $ 217