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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (1,090,915) $ (189,543) $ 117,634
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 281,688 340,006 350,574
Write-down of oil and gas properties 1,362,447 351,192 0
Accretion expense 25,988 28,411 33,575
Deferred income tax (benefit) provision (272,311) (102,177) 79,629
Settlement of asset retirement obligations (72,382) (56,409) (83,854)
Non-cash stock compensation expense 12,324 11,325 10,347
Excess tax benefits (1,586) 0 (156)
Non-cash derivative (income) expense 16,440 (18,028) 2,239
Loss on early extinguishment of debt 0 0 27,279
Non-cash interest expense 17,788 16,661 16,219
Change in current income taxes (37,377) 158 2,767
(Increase) decrease in accounts receivable 43,724 51,611 (4,683)
(Increase) decrease in other current assets 1,767 (6,244) 1,752
Decrease in inventory 1,304 0 583
Increase (decrease) in accounts payable (14,582) (3,419) 402
Increase (decrease) in other current liabilities (25,936) (19,152) 42,451
Other (907) (3,251) (2,553)
Net cash provided by operating activities 247,474 401,141 594,205
Cash flows from investing activities:      
Investment in oil and gas properties (522,047) (927,247) (663,299)
Proceeds from sale of oil and gas properties, net of expenses 22,839 242,914 48,821
Investment in fixed and other assets (1,549) (10,182) (6,816)
Change in restricted funds 179,467 (178,072) (1,742)
Net cash used in investing activities (321,290) (872,587) (623,036)
Cash flows from financing activities:      
Proceeds from bank borrowings 5,000 0 0
Repayments of bank borrowings (5,000) 0 0
Proceeds from building loan 11,770 0 0
Proceeds from issuance of senior notes 0 0 489,250
Net proceeds from issuance of common stock 0 225,999 0
Deferred financing costs (68) (3,371) (9,065)
Redemption of senior notes 0 0 (396,014)
Excess tax benefits 1,586 0 156
Net payments for share-based compensation (3,127) (7,182) (3,733)
Net cash provided by financing activities 10,161 215,446 80,594
Effect of exchange rate changes on cash (74) (736) (65)
Net change in cash and cash equivalents (63,729) (256,736) 51,698
Cash and cash equivalents, beginning of year 74,488 331,224 279,526
Cash and cash equivalents, end of year 10,759 74,488 331,224
Supplemental cash flow information:      
Cash paid for interest, net of amount capitalized (34,394) (14,076) (29,883)
Cash (paid) refunded for income taxes $ 7,212 $ (1) $ 13,670