XML 68 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 58,810 $ 26,611 $ (8,468)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 113,581 104,624 104,561
Accretion of liability for asset retirement obligations 15,565 15,942 12,845
Unrealized loss (gain) on derivative contracts 9,491 (11,475) (3,500)
Non-cash compensation 4,717 2,509 1,255
In-kind interest on PIK Notes     (3,395)
Deferred income taxes 29,900 14,822 (4,409)
Exploration expenditures 4,227 11,239 5,103
Impairments 8,883 32,466 26,142
Amortization of deferred financing costs and discount on debt 2,556 1,657 1,130
Loss on early extinguisment of debt   2,377  
Other 2,448 6,984 (90)
Changes in operating assets and liabilities:      
Trade accounts receivable (33,547) (10,037) 6,515
Other receivables   2,088 3,376
Prepaid expenses 1,047 (7,623) (363)
Other assets 145 (1,215) 618
Accounts payable and accrued expenses 31,477 12,650 2,361
Asset retirement obligations (35,429) (32,364) (16,130)
Other liabilities   (3) (171)
Net cash provided by operating activities 213,871 171,252 127,380
Cash flows used in investing activities:      
Decrease in restricted cash   2,466 13,658
Property acquisitions (578,372) (235,486) (623)
Exploration and development expenditures (184,850) (76,003) (58,183)
Other property and equipment additions (1,743) (1,568) (755)
Net cash used in investing activities (764,965) (310,591) (45,903)
Cash flows provided by (used in) financing activities:      
Proceeds from indebtedness 509,313 203,794 20,394
Repayments of indebtedness (20,000)   (94,882)
Deferred financing costs (8,469) (6,646) (181)
Purchase of shares into treasury (8,798) (11,353)  
Exercise of stock options 441 119  
Net cash provided by (used in) financing activities 472,487 185,914 (74,669)
Net increase (decrease) in cash and cash equivalents (78,607) 46,575 6,808
Cash and cash equivalents at beginning of period 80,128 33,553 26,745
Cash and cash equivalents at end of period 1,521 80,128 33,553
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Debt incurred to pay deferred financing costs and surety bond premium     737
Interest $ 21,129 $ 9,395 $ 8,307