Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (111,206) $ (15,164)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation, depletion and amortization 32,827 36,557
Write-down of oil and natural gas properties 95,788  
Accretion expense 575 343
Amortization of non-cash debt related items 1,561 1,561
Deferred income tax benefit   (7,193)
Net loss on derivatives, net of settlements 28,149 21,129
Non-cash expense related to equity share-based awards (861) (668)
Change in the fair value of liability share-based awards 2,674 4,695
Payments to settle asset retirement obligations (319) (1,905)
Changes in operating assets and liabilities:    
Accounts receivable (4,836) (6,946)
Other current assets (305) (85)
Current liabilities 4,113 5,549
Change in other long-term liabilities 86 100
Change in other assets, net (450) (528)
Payments to settle vested liability share-based awards related to early retirements   (3,538)
Payments to settle vested liability share-based awards (10,300) (3,925)
Net cash provided by operating activities 37,496 29,982
Cash flows from investing activities:    
Capital expenditures (75,280) (129,050)
Acquisitions (284,024) (1,797)
Proceeds from sales of mineral interests and equipment 23,631 326
Net cash used in investing activities (335,673) (130,521)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 143,000 103,000
Payments on senior secured revolving credit facility (143,000) (63,000)
Issuance of common stock, net 300,807 65,546
Payment of preferred stock dividends (3,647) (3,947)
Net cash provided by financing activities 297,160 101,599
Net change in cash and cash equivalents (1,017) 1,060
Balance, beginning of period 1,224 968
Balance, end of period $ 207 $ 2,028