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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:      
Net income (loss) $ (135,624) $ (1,037,361) $ 136,276
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation, depletion, and amortization 208,353 352,742 402,888
Impairments (Note 2) 161,563 1,634,628 158,069
Amortization of debt issuance costs and debt discount 2,122 2,088 2,055
(Gain) loss on derivatives 22,813 (26,345) (30,147)
Cash (payments) receipts on derivatives settled 9,658 46,615 (6,038)
(Gain) loss on disposition of assets (3,127) 7,229 (8,953)
Deferred tax expense (benefit) (71,209) (606,332) 77,285
Employee stock compensation plans 13,812 21,468 24,320
Bad debt expense 785 1,191 3,562
ARO liability accretion 2,779 3,453 4,599
Other, net (6,037) (1,517) 1,068
Changes in operating assets and liabilities increasing (decreasing) cash:      
Accounts receivable (11,796) 105,426 (60,800)
Materials and supplies 225 1,507 2,602
Prepaid expenses and other 2,585 7,134 6,550
Accounts payable 27,400 (20,306) 4,715
Accrued liabilities (4,388) (22,920) (1,297)
Income taxes 20,903 (21,482) (6,994)
Contract advances (687) (274) (767)
Net cash provided by operating activities 240,130 446,944 708,993
INVESTING ACTIVITIES:      
Capital expeditures (186,149) (561,453) (981,374)
Producing property and other acquisitions (564) (179) (5,723)
Proceeds from disposition of property and equipment 74,823 11,854 66,197
Other 919 0 303
Net cash used in investing activities (110,971) (549,778) (920,597)
FINANCING ACTIVITIES:      
Borrowings under line of credit 251,398 618,500 725,800
Payments under line of credit (371,600) (503,500) (559,800)
Payments on capitalized leases (3,694) (3,549) (2,392)
Proceeds from exercise of stock options 0 0 1,083
Tax (expense) benefit from stock compensation (376) (3,207) 1,614
Increase (decrease) in book overdrafts (Note 2) (4,829) (5,624) 27,755
Net cash provided by (used in) financing activities (129,101) 102,620 194,060
Net increase (decrease) in cash and cash equivalents 58 (214) (17,544)
Cash and cash equivalents, beginning of year 835 1,049 18,593
Cash and cash equivalents, end of year 893 835 1,049
Supplemental disclosure of cash flow information:      
Interest paid (net of capitalization) 35,690 30,910 13,620
Income taxes 42 3,540 15,898
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment 21,190 105,157 (31,968)
Non-cash reductions to oil and natural gas properties related to asset retirement obligations 30,897 5,694 37,689
Non-cash additions to property, plant, and equipment acquired under capital leases $ 0 $ 0 $ (28,202)