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
Mar. 31, 2015
Mar. 31, 2014
Operating activities:    
Net income (loss) $ (255,095) $ 11,189
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 125,467 123,306
Ceiling test write-down of oil and natural gas properties 260,390 0
Amortization of debt issuance costs and premium 156 187
Share-based compensation 2,816 3,758
Derivative loss 0 7,492
Cash payments on derivative settlements   (4,670)
Deferred income taxes (103,574) 6,645
Changes in operating assets and liabilities:    
Oil and natural gas receivables 21,121 2,815
Joint interest and other receivables 14,533 2,286
Income taxes (325) (35)
Prepaid expenses and other assets 17,246 2,709
Asset retirement obligation settlements (19,554) (16,342)
Accounts payable, accrued liabilities and other (10,263) (3,285)
Net cash provided by operating activities 52,918 136,055
Investing activities:    
Investment in oil and natural gas properties and equipment (82,765) (95,067)
Changes in operating assets and liabilities associated with investing activities (52,176) (17,565)
Purchases of furniture, fixtures and other (226) (260)
Net cash used in investing activities (135,167) (112,892)
Financing activities:    
Borrowings of long-term debt - revolving bank credit facility 82,000 92,000
Repayments of long-term debt - revolving bank credit facility (15,000) (103,000)
Dividends to shareholders   (7,563)
Other (50) (65)
Net cash provided by (used in) financing activities 66,950 (18,628)
Increase (decrease) in cash and cash equivalents (15,299) 4,535
Cash and cash equivalents, beginning of period 23,666 15,800
Cash and cash equivalents, end of period $ 8,367 $ 20,335