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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 74,434 $ (347,210)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net (gain) loss on divestiture activity (37,463) 69,021
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 137,812 214,207
Impairment of proved properties 0 269,785
Abandonment and impairment of unproved properties 0 2,311
Stock-based compensation expense 5,455 6,868
Net derivative gain (114,774) (14,228)
Derivative settlement gain 7 147,028
Amortization of discount and deferred financing costs 4,946 (920)
Non-cash (gain) loss on extinguishment of debt, net 22 (15,722)
Deferred income taxes 33,225 (195,039)
Plugging and abandonment (1,191) (604)
Other, net 4,567 (1,151)
Changes in current assets and liabilities:    
Accounts receivable 30,407 26,922
Prepaid expenses and other 178 4,984
Accounts payable and accrued expenses (5,497) (52,294)
Accrued derivative settlements 2,838 4,318
Net cash provided by operating activities 134,966 118,276
Cash flows from investing activities:    
Net proceeds from the sale of oil and gas properties 744,333 1,206
Capital expenditures (154,401) (176,370)
Acquisition of proved and unproved oil and gas properties (75,105) (15,044)
Other, net 2,486 885
Net cash provided by (used in) investing activities 517,313 (189,323)
Cash flows from financing activities:    
Proceeds from credit facility 397,500 317,000
Repayment of credit facility (397,500) (226,000)
Cash paid to repurchase Senior Notes 2,344 19,917
Other, net (160) (3)
Net cash provided by (used in) financing activities (2,504) 71,080
Net change in cash and cash equivalents 649,775 33
Cash and cash equivalents at beginning of period 9,372 18
Cash and cash equivalents at end of period 659,147 51
Supplemental schedule of additional cash flow information and non-cash activities:    
Cash paid for interest, net of capitalized interest (42,872) (24,453)
Net cash refunded for income taxes 15 4,689
Changes in capital expenditure accruals and other 27,214 20,643
Fair value of properties exchanged 24,544 733
Dividends declared, but not paid $ 5,563 $ 3,404