XML 35 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Audited) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Gain (Loss) on Extinguishment of Debt, before Write off of Debt Issuance Cost $ 24,747,000 $ 0 $ 0
Cash flows from operating activities:      
Net loss (127,504,000) (245,928,000) (68,280,000)
Adjustments to net income (loss) to reconcile to net cash provided by operating activities:      
Net change in fair value of unsettled commodity derivatives 17,260,000 333,770,000 35,791,000
Depreciation, depletion and amortization 469,084,000 416,874,000 303,258,000
Provision for uncollectible notes receivable (40,203,000) 44,038,000 0
Impairment of properties and equipment 285,887,000 9,973,000 161,620,000
Impairment of goodwill 75,121,000 0 0
Capitalized Exploratory Well Cost, Charged to Expense 41,297,000 0 0
Accretion of asset retirement obligations 6,306,000 7,080,000 6,293,000
Stock-based compensation 19,353,000 19,502,000 20,068,000
Gain on sale of properties and equipment (766,000) (43,000) (385,000)
Amortization of debt discount and issuance costs 12,907,000 16,167,000 7,040,000
Deferred income taxes (203,685,000) (137,249,000) (41,415,000)
Other (2,265,000) (2,603,000) 3,216,000
Total adjustments to net loss to reconcile to net cash from operating activities: 709,573,000 712,715,000 489,054,000
Changes in current assets and liabilities:      
Accounts receivable (60,546,000) (32,627,000) 24,815,000
Other assets (5,886,000) 2,303,000 (2,264,000)
Production tax liability 31,316,000 9,223,000 (1,629,000)
Accounts payable and accrued expenses 31,378,000 (162,000) (30,310,000)
Funds held for distribution 24,472,000 36,510,000 2,699,000
Asset retirement obligations (10,176,000) (4,109,000) (4,458,000)
Other liabilities (4,064,000) 8,338,000 1,446,000
Total changes in assets and liabilities 6,494,000 19,476,000 (9,701,000)
Net cash from operating activities 588,563,000 486,263,000 411,073,000
Cash flows from investing activities:      
Capital expenditures for development of crude oil and natural gas properties (737,208,000) (436,884,000) (599,546,000)
Capital expenditures for other properties and equipment (5,094,000) (3,464,000) (5,122,000)
Acquisition of crude oil and natural gas properties, including settlement adjustments and deposit for pending acquisition (15,628,000) (1,073,723,000) 0
Proceeds from sale of properties and equipment 9,991,000 4,945,000 405,000
Sale of promissory note 40,203,000 0 0
Increase (Decrease) in Restricted Cash (9,250,000) 0 0
Sale of short-term investments 49,890,000 0 0
Purchase of short-term investments (49,890,000) 0 0
Net cash from investing activities (716,986,000) (1,509,126,000) (604,263,000)
Cash flows from financing activities:      
Proceeds from issuance of equity, net of issuance costs 0 855,074,000 202,851,000
Proceeds from issuance of senior notes 592,366,000 392,172,000 0
Proceeds from issuance of convertible senior notes 0 193,935,000 0
Proceeds from revolving credit facility 0 85,000,000 397,000,000
Repayment of revolving credit facility 0 (122,000,000) (416,000,000)
Redemption of senior notes (519,375,000) 0 0
Redemption of convertible notes 0 (115,000,000) 0
Payment of debt issuance costs (50,000) (15,556,000) (974,000)
Purchase of treasury shares (6,672,000) (6,935,000) (6,055,000)
Other (1,271,000) (577,000) 1,152,000
Net cash from financing activities 64,998,000 1,266,113,000 177,974,000
Net change in cash and cash equivalents (63,425,000) 243,250,000 (15,216,000)
Cash and cash equivalents, beginning of year 244,100,000 850,000 16,066,000
Cash and cash equivalents, end of year $ 180,675,000 $ 244,100,000 $ 850,000