Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (126,969) $ 18,804
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation, depletion and amortization 52,583 39,493
Write-down of oil and natural gas properties 87,301  
Accretion expense 485 603
Amortization of non-cash debt related items 2,342 494
Amortization of deferred credit   (433)
Deferred income tax expense 38,474 12,630
Net loss (gain) on derivatives, net of settlements 7,635 (5,728)
Gain on sale of other property and equipment   (1,080)
Non-cash gain on early debt extinguishment   (3,205)
Non-cash (benefit) expense related to equity share-based awards (300) 432
Change in the fair value of liability share-based awards 4,759 6,571
Payments to settle asset retirement obligations (3,047) (3,283)
Changes in current assets and liabilities:    
Accounts receivable (7,278) (8,016)
Other current assets 31 802
Current liabilities 6,455 3,449
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 421 (367)
Net cash provided by operating activities 55,529 57,697
Cash flows from investing activities:    
Capital expenditures (178,548) (188,793)
Deposit on acquisition   (10,629)
Proceeds from sales of mineral interests and equipment 348 1,991
Net cash used in investing activities (178,200) (197,431)
Cash flows from financing activities:    
Borrowings on credit facility 130,000 200,000
Payments on credit facility (66,000) (169,610)
Payment of deferred financing costs   (3,068)
Issuance of common stock 65,546 122,514
Payment of preferred stock dividends (5,921) (5,921)
Net cash provided by financing activities 123,625 143,915
Net change in cash and cash equivalents 954 4,181
Balance, beginning of period 968 3,012
Balance, end of period $ 1,922 $ 7,193