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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended
Mar. 31, 2017
Feb. 28, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net loss $ (259,613)    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 15,847    
Write-down of oil and gas properties 256,435    
Accretion expense 2,901    
Deferred income tax provision 0    
Gain on sale of oil and gas properties 0    
Settlement of asset retirement obligations (17,600)    
Non-cash stock compensation expense 17    
Non-cash derivative (income) expense (2,484)    
Non-cash interest expense 0    
Non-cash reorganization items 0    
Other non-cash expense 0    
Change in current income taxes 0    
Decrease in accounts receivable 6,728    
(Increase) decrease in other current assets 964    
Increase (decrease) in accounts payable 3,015    
Increase (decrease) in other current liabilities 1,672    
Investment in derivative contracts (2,140)    
Other 4,904    
Net cash provided by (used in) operating activities 10,646    
Cash flows from investing activities:      
Investment in oil and gas properties (5,584)    
Proceeds from sale of oil and gas properties, net of expenses 10,770    
Investment in fixed and other assets (2)    
Change in restricted funds 1,479    
Net cash provided by (used in) investing activities 6,663    
Cash flows from financing activities:      
Proceeds from bank borrowings 0    
Repayments of bank borrowings 0    
Repayments of building loan (36)    
Cash payment to noteholders 0    
Debt issuance costs 0    
Net payments for share-based compensation 0    
Net cash provided by (used in) financing activities (36)    
Effect of exchange rate changes on cash 0    
Net change in cash and cash equivalents 17,273    
Cash and cash equivalents, beginning of period 162,966    
Cash and cash equivalents, end of period 180,239 $ 162,966  
Predecessor      
Cash flows from operating activities:      
Net loss   630,317 $ (188,784)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization   37,429 61,558
Write-down of oil and gas properties   0 129,204
Accretion expense   5,447 9,983
Deferred income tax provision   0 2,877
Gain on sale of oil and gas properties   213,453 0
Settlement of asset retirement obligations   (3,641) (4,667)
Non-cash stock compensation expense   2,645 2,312
Non-cash derivative (income) expense   1,778 192
Non-cash interest expense   0 4,635
Non-cash reorganization items   (458,677) 0
Other non-cash expense   172 6,081
Change in current income taxes   3,570 (1,074)
Decrease in accounts receivable   6,354 5,845
(Increase) decrease in other current assets   (2,274) (185)
Increase (decrease) in accounts payable   (4,652) (2,138)
Increase (decrease) in other current liabilities   (9,653) 3,898
Investment in derivative contracts   (3,736) 0
Other   2,490 (298)
Net cash provided by (used in) operating activities   (5,884) 29,439
Cash flows from investing activities:      
Investment in oil and gas properties   (8,754) (129,859)
Proceeds from sale of oil and gas properties, net of expenses   505,383 0
Investment in fixed and other assets   (61) (496)
Change in restricted funds   (75,547) 1,045
Net cash provided by (used in) investing activities   421,021 (129,310)
Cash flows from financing activities:      
Proceeds from bank borrowings   0 477,000
Repayments of bank borrowings   (341,500) (20,000)
Repayments of building loan   (24) (95)
Cash payment to noteholders   (100,000) 0
Debt issuance costs   1,055 0
Net payments for share-based compensation   (173) (650)
Net cash provided by (used in) financing activities   (442,752) 456,255
Effect of exchange rate changes on cash   0 (9)
Net change in cash and cash equivalents   (27,615) 356,375
Cash and cash equivalents, beginning of period $ 162,966 190,581 10,759
Cash and cash equivalents, end of period   $ 162,966 $ 367,134