Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (41,109) $ (10,197)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation, depletion and amortization 16,129 18,546
Write-down of oil and natural gas properties 34,776  
Accretion expense 180 209
Amortization of non-cash debt related items 781 781
Deferred income tax benefit   (5,077)
Net loss on derivatives, net of settlements 8,648 7,914
Non-cash expense related to equity share-based awards 392 86
Change in the fair value of liability share-based awards 709 3,088
Payments to settle asset retirement obligations (161) 258
Changes in operating assets and liabilities:    
Accounts receivable 5,941 (2,125)
Other current assets 580 452
Current liabilities (717) (355)
Change in other long-term liabilities 11  
Change in other assets, net (233) (319)
Payments to settle vested liability share-based awards related to early retirements   (3,538)
Payments to settle vested liability share-based awards (9,807) (3,599)
Net cash provided by operating activities 16,120 6,124
Cash flows from investing activities:    
Capital expenditures (50,775) (70,780)
Acquisitions (10,183)  
Proceeds from sales of mineral interests and equipment   272
Net cash used in investing activities (60,958) (70,508)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 45,000 60,000
Payments on senior secured revolving credit facility (85,000) (58,000)
Payment of deferred financing costs   (12)
Issuance of common stock, net 94,949 65,546
Payment of preferred stock dividends (1,824) (1,974)
Net cash provided by financing activities 53,125 65,560
Net change in cash and cash equivalents 8,287 1,176
Balance, beginning of period 1,224 968
Balance, end of period $ 9,511 $ 2,144