Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.3.0.814
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Operating activities:          
Net income (loss) $ (477,568) $ 684 $ (993,112) $ 21,710  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation, depletion, amortization and accretion 97,329 128,671 326,138 380,213  
Ceiling test write-down of oil and natural gas properties 441,688 0 954,850 0 $ 0
Debt issuance costs write-off/amortization of debt items     2,862 537  
Share-based compensation 2,605 3,754 8,313 11,398  
Derivative (gain) loss (10,231) (13,781) (9,153) 6,790  
Cash receipts (payments) on derivative settlements     2,139 (18,543)  
Deferred income taxes     (166,258) 12,825  
Changes in operating assets and liabilities:          
Oil and natural gas receivables     23,287 (936)  
Joint interest and other receivables     1,210 1,890  
Income taxes     (289) 2,884  
Prepaid expenses and other assets     16,692 21,228  
Asset retirement obligation settlements     (25,515) (42,011)  
Accounts payable, accrued liabilities and other     (6,371) 21,793  
Net cash provided by operating activities     134,793 419,778  
Investing activities:          
Acquisition of property interest in oil and natural gas properties       (71,515)  
Investment in oil and natural gas properties and equipment     (192,811) (383,953)  
Changes in operating assets and liabilities associated with investing activities     (65,463) 5,167  
Purchases of furniture, fixtures and other     (1,185) (2,181)  
Net cash used in investing activities     (259,459) (452,482)  
Financing activities:          
Borrowings of long-term debt - revolving bank credit facility     263,000 378,000  
Repayments of long-term debt - revolving bank credit facility     (445,000) (321,000)  
Issuance of 9.00% Term Loan     297,000    
Debt issuance costs     (6,591)    
Dividends to shareholders       (22,695)  
Other     54 (181)  
Net cash provided by financing activities     108,463 34,124  
Increase (decrease) in cash and cash equivalents     (16,203) 1,420  
Cash and cash equivalents, beginning of period     23,666 15,800 15,800
Cash and cash equivalents, end of period $ 7,463 $ 17,220 $ 7,463 $ 17,220 $ 23,666