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

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Statement of Cash Flows (Detail)

Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Operating activities:
Net income	$ 26,618	$ 3,218
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	108,872	88,491
Amortization of debt issuance costs	447	586
Share-based compensation	2,255	2,659
Derivative loss	3,368	39,634
Cash payments on derivative settlements	(4,271)	(5,800)
Deferred income taxes	12,507	2,550
Earnings of affiliates
Changes in operating assets and liabilities:
Oil and natural gas receivables	423	9,516
Joint interest and other receivables	25,875	(2,170)
Insurance receivables		715
Income taxes	2,372	(10,386)
Prepaid expenses and other assets	4,911	3,884
Asset retirement obligation settlements	(23,464)	(5,384)
Accounts payable, accrued liabilities and other	9,921	644
Net cash provided by operating activities	169,834	128,157
Investing activities:
Investment in oil and natural gas properties and equipment	(136,626)	(84,626)
Purchases of furniture, fixtures and other	(114)	(500)
Net cash used in investing activities	(136,740)	(85,126)
Financing activities:
Borrowings of long-term debt - revolving bank credit facility	112,000	84,000
Repayments of long-term debt - revolving bank credit facility	(139,000)	(117,000)
Dividends to shareholders	(6,020)	(5,948)
Other	(42)	(87)
Net cash used in financing activities	(33,062)	(39,035)
Increase in cash and cash equivalents	32	3,996
Cash and cash equivalents, beginning of period	12,245	4,512
Cash and cash equivalents, end of period	12,277	8,508
Parent Company
Operating activities:
Net income	26,618	3,218
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	86,416	67,623
Amortization of debt issuance costs	447	586
Share-based compensation	2,255	2,659
Derivative loss	3,368	39,634
Cash payments on derivative settlements	(4,271)	(5,800)
Deferred income taxes	11,774	2,963
Earnings of affiliates	(13,100)	(18,516)
Changes in operating assets and liabilities:
Oil and natural gas receivables	172	8,187
Joint interest and other receivables	25,875	(2,170)
Insurance receivables		715
Income taxes	(3,957)	(20,766)
Prepaid expenses and other assets	4,911	3,735
Asset retirement obligation settlements	(23,311)	(5,384)
Accounts payable, accrued liabilities and other	34,191	40,556
Net cash provided by operating activities	151,388	117,240
Investing activities:
Investment in oil and natural gas properties and equipment	(118,180)	(73,709)
Purchases of furniture, fixtures and other	(114)	(500)
Net cash used in investing activities	(118,294)	(74,209)
Financing activities:
Borrowings of long-term debt - revolving bank credit facility	112,000	84,000
Repayments of long-term debt - revolving bank credit facility	(139,000)	(117,000)
Dividends to shareholders	(6,020)	(5,948)
Other	(42)	(87)
Net cash used in financing activities	(33,062)	(39,035)
Increase in cash and cash equivalents	32	3,996
Cash and cash equivalents, beginning of period	12,245	4,512
Cash and cash equivalents, end of period	12,277	8,508
Guarantor Subsidiaries
Operating activities:
Net income	13,100	18,516
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	22,456	20,868
Amortization of debt issuance costs
Share-based compensation
Derivative loss
Cash payments on derivative settlements
Deferred income taxes	733	(413)
Earnings of affiliates
Changes in operating assets and liabilities:
Oil and natural gas receivables	251	1,329
Joint interest and other receivables
Insurance receivables
Income taxes	6,329	10,380
Prepaid expenses and other assets	(24,155)	(37,855)
Asset retirement obligation settlements	(153)
Accounts payable, accrued liabilities and other	(115)	(1,908)
Net cash provided by operating activities	18,446	10,917
Investing activities:
Investment in oil and natural gas properties and equipment	(18,446)	(10,917)
Purchases of furniture, fixtures and other
Net cash used in investing activities	(18,446)	(10,917)
Financing activities:
Borrowings of long-term debt - revolving bank credit facility
Repayments of long-term debt - revolving bank credit facility
Dividends to shareholders
Other
Net cash used in financing activities
Increase in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Eliminations
Operating activities:
Net income	(13,100)	(18,516)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion
Amortization of debt issuance costs
Share-based compensation
Derivative loss
Cash payments on derivative settlements
Deferred income taxes
Earnings of affiliates	13,100	18,516
Changes in operating assets and liabilities:
Oil and natural gas receivables
Joint interest and other receivables
Insurance receivables
Income taxes
Prepaid expenses and other assets	24,155	38,004
Asset retirement obligation settlements
Accounts payable, accrued liabilities and other	(24,155)	(38,004)
Net cash provided by operating activities
Investing activities:
Investment in oil and natural gas properties and equipment
Purchases of furniture, fixtures and other
Net cash used in investing activities
Financing activities:
Borrowings of long-term debt - revolving bank credit facility
Repayments of long-term debt - revolving bank credit facility
Dividends to shareholders
Other
Net cash used in financing activities
Increase in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period