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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (590,586) $ (1,090,915) $ (189,543)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation, depletion and amortization 220,079 281,688 340,006
Write-down of oil and gas properties 357,431 1,362,447 351,192
Accretion expense 40,229 25,988 28,411
Deferred income tax provision (benefit) 13,080 (272,311) (102,177)
Settlement of asset retirement obligations (20,514) (72,382) (56,409)
Non-cash stock compensation expense 8,443 12,324 11,325
Excess tax benefits 0 (1,586) 0
Non-cash derivative expense (income) 1,471 16,440 (18,028)
Non-cash interest expense 18,404 17,788 16,661
Non-cash reorganization items 8,332 0 0
Other non-cash expense 6,248 0 0
Change in current income taxes 20,088 (37,377) 158
(Increase) decrease in accounts receivable (1,412) 43,724 51,611
(Increase) decrease in other current assets (3,493) 1,767 (6,244)
Decrease in inventory 0 1,304 0
Increase (decrease) in accounts payable 1,026 (14,582) (3,419)
Increase (decrease) in other current liabilities 9,897 (25,936) (19,152)
Other (10,135) (907) (3,251)
Net cash provided by operating activities 78,588 247,474 401,141
Cash flows from investing activities:      
Investment in oil and gas properties (237,952) (522,047) (927,247)
Proceeds from sale of oil and gas properties, net of expenses 0 22,839 242,914
Investment in fixed and other assets (1,266) (1,549) (10,182)
Change in restricted funds 1,046 179,467 (178,072)
Net cash used in investing activities (238,172) (321,290) (872,587)
Cash flows from financing activities:      
Proceeds from bank borrowings 477,000 5,000 0
Repayments of bank borrowings (135,500) (5,000) 0
Proceeds from building loan 0 11,770 0
Repayments of building loan (423) 0 0
Net proceeds from issuance of common stock 0 0 225,999
Deferred financing costs (900) (68) (3,371)
Excess tax benefits 0 1,586 0
Net payments for share-based compensation (762) (3,127) (7,182)
Net cash provided by financing activities 339,415 10,161 215,446
Effect of exchange rate changes on cash (9) (74) (736)
Net change in cash and cash equivalents 179,822 (63,729) (256,736)
Cash and cash equivalents, beginning of year 10,759 74,488 331,224
Cash and cash equivalents, end of year 190,581 10,759 74,488
Supplemental cash flow information:      
Cash paid for interest, net of amount capitalized (32,130) (34,394) (14,076)
Cash (paid) refunded for income taxes $ 25,762 $ 7,212 $ (1)