W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation (Policies)
Notes Tables
Notes Details

Condensed Consolidated Statements of Cash Flows

v3.8.0.1

Condensed Consolidated Statements of Cash Flows $ in Thousands	9 Months Ended
	Sep. 30, 2017 USD ($)
Operating activities:
Net income (loss)	$ 56,317
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, depletion, amortization and accretion	116,843
Gain on exchange of debt	(7,811)
Debt issuance costs write-down/amortization of debt items	1,271
Share-based compensation	5,449
Derivative (gain) loss	(4,765)
Cash receipts on derivative settlements	3,924
Deferred income taxes	321
Changes in operating assets and liabilities:
Oil and natural gas receivables	3,906
Joint interest receivables	8
Insurance reimbursements	31,740
Income taxes	320
Prepaid expenses and other assets	2,194
Escrow deposit - Apache lawsuit	(49,500)
Asset retirement obligation settlements	(56,226)
Accounts payable, accrued liabilities and other	26,329
Net cash provided by (used in) operating activities	130,320
Investing activities:
Investment in oil and natural gas properties and equipment	(79,088)
Changes in operating assets and liabilities associated with investing activities	5,679
Purchases of furniture, fixtures and other	(905)
Net cash used in investing activities	(74,314)
Financing activities:
Debt exchange/issuance costs	(421)
Other	49
Net cash provided by (used in) financing activities	(20,078)
Increase (decrease) in cash and cash equivalents	35,928
Cash and cash equivalents, beginning of period	70,236
Cash and cash equivalents, end of period	106,164
11.00% 1.5 Lien Term Loan, Due November 2019
Financing activities:
Payment of interest	(6,170)
9.00%/10.75% Second Lien PIK Toggle Notes, Due May 2020
Financing activities:
Payment of interest	(7,335)
8.50%/10.00% Third Lien PIK Toggle Notes, Due June 2021
Financing activities:
Payment of interest	$ (6,201)

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