Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (15,164) $ 6,603
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 36,557 22,976
Accretion expense 343 401
Amortization of non-cash debt related items 1,561 298
Amortization of deferred credit   (433)
Deferred income tax (benefit) expense (7,193) 5,469
Net loss on derivatives, net of settlements 21,129 4,677
Gain on sale of other property and equipment   (1,080)
Non-cash gain on early debt extinguishment   (3,205)
Non-cash expense related to equity share-based awards (668) (36)
Change in the fair value of liability share-based awards 4,695 8,070
Payments to settle asset retirement obligations (1,905) (1,469)
Changes in current assets and liabilities:    
Accounts receivable (6,946) (5,268)
Other current assets (85) 265
Current liabilities 5,549 2,014
Payments to settle vested liability share-based awards related to early retirements (3,538) (1,417)
Payments to settle vested liability share-based awards (3,925) (2,052)
Change in other long-term liabilities 100  
Change in other assets, net (528) (216)
Net cash provided by operating activities 29,982 35,597
Cash flows from investing activities:    
Capital expenditures (130,847) (127,219)
Proceeds from sale of mineral interest and equipment 326 2,267
Net cash used in investing activities (130,521) (124,952)
Cash flows from financing activities:    
Borrowings on credit facility 103,000 150,000
Payments on credit facility (63,000) (55,610)
Payment of deferred financing costs   (2,928)
Issuance of common stock 65,546  
Payment of preferred stock dividends (3,947) (3,947)
Net cash provided by financing activities 101,599 87,515
Net change in cash and cash equivalents 1,060 (1,840)
Balance, beginning of period 968 3,012
Balance, end of period $ 2,028 $ 1,172