XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net income $ 7,865 $ 15,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 57,066 46,932
Amortization of debt issuance costs and debt discount (Note 6) 546 536
(Gain) loss on derivatives 6,762 (14,731)
Cash payments on derivatives settled, net (2,073) (1,159)
Deferred tax expense 3,607 13,936
Gain on disposition of assets (161) (824)
Stock compensation plans 6,609 3,704
Contract assets and liabilities, net (Note 2) (1,192) 0
Other, net 937 626
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable 8,005 (1,900)
Accounts payable (10,716) (7,735)
Material and supplies 50 73
Accrued liabilities 6,757 9,832
Other, net (494) 433
Net cash provided by operating activities 83,568 65,652
INVESTING ACTIVITIES:    
Capital expenditures (90,249) (37,636)
Producing properties and other acquisitions 0 (7,508)
Proceeds from disposition of assets 22,084 16,116
Net cash used in investing activities (68,165) (29,028)
FINANCING ACTIVITIES:    
Borrowings under credit agreement 67,400 49,700
Payments under credit agreement (97,700) (60,500)
Payments on capitalized leases (946) (946)
Book overdrafts 15,894 (17,301)
Net cash used in financing activities (15,352) (29,047)
Net increase in cash and cash equivalents 51 7,577
Cash and cash equivalents, beginning of period 701 893
Cash and cash equivalents, end of period 752 8,470
Cash paid during the year for:    
Interest paid (net of capitalized) (1,731) (2,389)
Income taxes 0 0
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment (13,238) (11,401)
Non-cash (addition) reduction to oil and natural gas properties related to asset retirement obligations $ 6,340 $ 912