XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
4 Months Ended 5 Months Ended 9 Months Ended
Apr. 22, 2016
Sep. 30, 2016
Sep. 30, 2015
Predecessor [Member]      
Cash Flows from Operating Activities:      
Net Income (Loss) $ 851,611   $ (1,124,532)
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation, depletion, and amortization 20,439   138,392
Write-down of oil and gas properties 77,732   1,084,595
Accretion of asset retirement obligation 1,610   4,156
Deferred income taxes 0   (80,133)
Stock-based compensation expenses 886   3,288
Loss on derivatives 0   (271)
Cash settlements on derivatives 0   2,299
Reorganization items (non-cash) (977,696)   0
Other Noncash Income (Expense) 229   1,599
(Increase) Decrease in accounts receivable and other current assets (5,474)   11,841
Increase (decrease) in accounts payable and accrued liabilities (10,495)   (4,768)
Increase (decrease) in income taxes payable 0   (450)
Increase (decrease) in accrued interest (308)   (7,606)
Net Cash Provided by Operating Activities (41,466)   28,410
Cash Flows from Investing Activities:      
Additions to property and equipment (24,530)   (126,752)
Proceeds from the sale of property and equipment (48,661)   (977)
Net Cash Used in Investing Activities 24,131   (125,775)
Cash Flows from Financing Activities:      
Net proceeds from New Credit Facility 328,000   258,200
Payments of bank borrowings (324,900)   (153,500)
Net proceeds from issuances of common stock 0   302
Purchase of treasury shares (4)   (150)
Payments of debt issuance costs (6,482)   (571)
Net Cash Used in Financing Activities (3,386)   104,281
Net Increase (Decrease) in Cash and Cash Equivalents (20,721)   6,916
Cash and Cash Equivalents at Beginning of Period 29,460 $ 8,739 406
Cash and Cash Equivalents at End of Period 8,739   7,322
Supplemental Disclosures of Cash Flows Information:      
Cash paid during period for interest, net of amounts capitalized 10,367   62,012
Cash paid during period for income taxes 0   450
Cash paid for reorganization items 15,643   0
Increase (decrease) in accrued payables for capital expenditures $ 1,843   $ (36,615)
Successor [Member]      
Cash Flows from Operating Activities:      
Net Income (Loss)   (149,207)  
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation, depletion, and amortization   26,621  
Write-down of oil and gas properties   133,496  
Accretion of asset retirement obligation   1,931  
Deferred income taxes   0  
Stock-based compensation expenses   3,132  
Loss on derivatives   7,308  
Cash settlements on derivatives   (1,100)  
Reorganization items (non-cash)   0  
Other Noncash Income (Expense)   1,721  
(Increase) Decrease in accounts receivable and other current assets   14,669  
Increase (decrease) in accounts payable and accrued liabilities   (10,202)  
Increase (decrease) in income taxes payable   0  
Increase (decrease) in accrued interest   1,041  
Net Cash Provided by Operating Activities   29,410  
Cash Flows from Investing Activities:      
Additions to property and equipment   (36,794)  
Proceeds from the sale of property and equipment   (594)  
Net Cash Used in Investing Activities   (36,200)  
Cash Flows from Financing Activities:      
Net proceeds from New Credit Facility   49,000  
Payments of bank borrowings   (48,000)  
Net proceeds from issuances of common stock   0  
Purchase of treasury shares   0  
Payments of debt issuance costs   (502)  
Net Cash Used in Financing Activities   498  
Net Increase (Decrease) in Cash and Cash Equivalents   (6,292)  
Cash and Cash Equivalents at End of Period   2,447  
Supplemental Disclosures of Cash Flows Information:      
Cash paid during period for interest, net of amounts capitalized   8,021  
Cash paid during period for income taxes   0  
Cash paid for reorganization items   12,017  
Increase (decrease) in accrued payables for capital expenditures   $ (17,554)