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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (480,294) $ 30,387
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 164,373 175,481
Write-down of oil and gas properties 715,706  
Accretion expense 12,817 15,288
Deferred income tax (benefit) provision (264,954) 18,094
Settlement of asset retirement obligations (35,923) (24,915)
Non-cash stock compensation expense 6,028 5,358
Non-cash derivative expense 7,931 2,697
Non-cash interest expense 8,737 8,229
Change in current income taxes 7,206 (6)
(Increase) decrease in accounts receivable 23,047 (25,524)
Increase in other current assets (1,959) (82)
Increase (decrease) in accounts payable (7,826) 1,843
Increase (decrease) in other current liabilities (8,720) 50,785
Other (504) (675)
Net cash (used in) provided by operating activities 145,665 256,960
Cash flows from investing activities:    
Investment in oil and gas properties (264,355) (517,904)
Proceeds from sale of oil and gas properties, net of expenses 10,100 51,955
Investment in fixed and other assets (727) (3,896)
Change in restricted funds 179,475 (356)
Net cash used in investing activities (75,507) (470,201)
Cash flows from financing activities:    
Proceeds from bank borrowings 5,000  
Repayment of bank borrowings (5,000)  
Net proceeds from issuance of common stock   226,036
Deferred financing costs   (3,167)
Net payments for share-based compensation (3,069) (6,948)
Net cash provided by (used in) financing activities (3,069) 215,921
Effect of exchange rate changes on cash 78 (18)
Net change in cash and cash equivalents 67,167 2,662
Cash and cash equivalents, beginning of period 74,488 331,224
Cash and cash equivalents, end of period $ 141,655 $ 333,886