XML 21 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 4 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Apr. 22, 2016
Predecessor [Member]      
Cash Flows from Operating Activities:      
Net Income (Loss)   $ (108,303) $ 851,611
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation, depletion, and amortization   17,245  
Write-down of oil and gas properties   77,732  
Accretion of asset retirement obligation   1,291  
Stock-based compensation expenses   770  
Loss (gain) on derivatives   0  
Cash settlements on derivatives   0  
Settlements of asset retirement obligations   (278)  
Debt issuance cost write-down   0  
Reorganization items (non-cash)   5,422  
Other Noncash Income (Expense)   2,551  
(Increase) decrease in accounts receivable and other current assets   3,167  
Increase (decrease) in accounts payable and accrued liabilities   5,185  
Increase (decrease) in accrued interest   (15)  
Net Cash Provided by (Used in) Operating Activities   4,767  
Cash Flows from Investing Activities:      
Additions to property and equipment   (36,317)  
Proceeds from the sale of property and equipment   (4,876)  
Net Cash Provided by (Used in) Investing Activities   (31,441)  
Cash Flows from Financing Activities:      
Proceeds from bank borrowings   15,000  
Payments of bank borrowings   0  
Net proceeds from issuances of common stock   0  
Purchase of treasury shares   (4)  
Net Cash Provided by (Used in) Financing Activities   14,996  
Net increase (decrease) in Cash and Cash Equivalents   (11,678)  
Cash and Cash Equivalents at Beginning of Period   29,460 $ 29,460
Cash and Cash Equivalents at End of Period   17,782  
Supplemental Disclosures of Cash Flows Information:      
Cash paid during period for interest, net of amounts capitalized   4,793  
Cash paid for reorganization items   5,007  
Changes in capital accounts payable and capital accruals   $ (8,349)  
Successor [Member]      
Cash Flows from Operating Activities:      
Net Income (Loss) $ 17,710    
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation, depletion, and amortization 9,715    
Write-down of oil and gas properties 0    
Accretion of asset retirement obligation 564    
Stock-based compensation expenses 1,503    
Loss (gain) on derivatives (10,937)    
Cash settlements on derivatives (811)    
Settlements of asset retirement obligations (411)    
Debt issuance cost write-down 450    
Reorganization items (non-cash) 0    
Other Noncash Income (Expense) (315)    
(Increase) decrease in accounts receivable and other current assets (1,942)    
Increase (decrease) in accounts payable and accrued liabilities (3,436)    
Increase (decrease) in accrued interest (354)    
Net Cash Provided by (Used in) Operating Activities 11,736    
Cash Flows from Investing Activities:      
Additions to property and equipment (25,417)    
Proceeds from the sale of property and equipment (432)    
Net Cash Provided by (Used in) Investing Activities (24,985)    
Cash Flows from Financing Activities:      
Proceeds from bank borrowings 43,000    
Payments of bank borrowings (69,000)    
Net proceeds from issuances of common stock 39,381    
Purchase of treasury shares (267)    
Net Cash Provided by (Used in) Financing Activities 13,114    
Net increase (decrease) in Cash and Cash Equivalents (135)    
Cash and Cash Equivalents at Beginning of Period 303    
Cash and Cash Equivalents at End of Period 168    
Supplemental Disclosures of Cash Flows Information:      
Cash paid during period for interest, net of amounts capitalized 2,959    
Cash paid for reorganization items 0    
Changes in capital accounts payable and capital accruals $ 7,365