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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (127,504) $ (245,928) $ (68,280)
Adjustments to net income (loss) to reconcile to net cash provided by operating activities:      
Net change in fair value of unsettled commodity derivatives 17,260 333,770 35,791
Depreciation, depletion and amortization 469,084 416,874 303,258
Provision for uncollectible notes receivable (40,203) 44,038 0
Impairment of properties and equipment 285,887 9,973 161,620
Impairment of goodwill 75,121 0 0
Exploratory dry hole costs 41,297 0 0
Loss on extinguishment of debt 24,747 0 0
Accretion of asset retirement obligations 6,306 7,080 6,293
Non-cash stock-based compensation 19,353 19,502 20,068
Gain on sale of properties and equipment (766) (43) (385)
Amortization of debt discount and issuance costs 12,907 16,167 7,040
Deferred income taxes (203,685) (137,249) (41,415)
Other 2,265 2,603 (3,216)
Total adjustments to net loss to reconcile to net cash from operating activities: 709,573 712,715 489,054
Changes in current assets and liabilities:      
Accounts receivable (60,546) (32,627) 24,815
Other assets (5,886) 2,303 (2,264)
Production tax liability 31,316 9,223 (1,629)
Accounts payable and accrued expenses 31,378 (162) (30,310)
Funds held for distribution 24,472 36,510 2,699
Asset retirement obligations (10,176) (4,109) (4,458)
Other liabilities (4,064) 8,338 1,446
Total changes in assets and liabilities 6,494 19,476 (9,701)
Net cash from operating activities 588,563 486,263 411,073
Cash flows from investing activities:      
Capital expenditures for development of crude oil and natural gas properties (737,208) (436,884) (599,546)
Capital expenditures for other properties and equipment (5,094) (3,464) (5,122)
Acquisition of crude oil and natural gas properties, including settlement adjustments and deposit for pending acquisition (15,628) (1,073,723) 0
Proceeds from sale of properties and equipment 9,991 4,945 405
Sale of promissory note 40,203 0 0
Restricted cash (9,250) 0 0
Sale of short-term investments 49,890 0 0
Purchase of short-term investments (49,890) 0 0
Net cash from investing activities (716,986) (1,509,126) (604,263)
Cash flows from financing activities:      
Proceeds from issuance of equity, net of issuance costs 0 855,074 202,851
Proceeds from issuance of senior notes 592,366 392,172 0
Proceeds from issuance of convertible senior notes 0 193,935 0
Proceeds from revolving credit facility 0 85,000 397,000
Repayment of revolving credit facility 0 (122,000) (416,000)
Redemption of senior notes (519,375) 0 0
Redemption of convertible notes 0 (115,000) 0
Payment of debt issuance costs (50) (15,556) (974)
Purchase of treasury shares (6,672) (6,935) (6,055)
Other (1,271) (577) 1,152
Net cash from financing activities 64,998 1,266,113 177,974
Net change in cash and cash equivalents (63,425) 243,250 (15,216)
Cash and cash equivalents, end of year 180,675 244,100 850
Cash and cash equivalents, beginning of year 244,100 850 16,066
Cash payments (receipts) for:      
Interest, net of capitalized interest 69,880 43,406 45,642
Income taxes (13,925) 167 10,049
Non-cash investing activities:      
Issuance of common stock for acquisition of crude oil and natural gas properties 0 690,702 0
Change in accounts payable related to capital expenditures 50,761 (40,448) (45,230)
Change in asset retirement obligation, with a corresponding change to crude oil and natural gas properties, net of disposal 839 4,894 14,030
Purchase of properties and equipment under capital leases $ 3,497 $ 1,404 $ 1,601