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
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (90,067) $ (126,969)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation, depletion and amortization 50,560 52,583
Write-down of oil and natural gas properties 95,788 87,301
Accretion expense 762 485
Amortization of non-cash debt related items 2,371 2,342
Deferred income tax (benefit) expense (62) 38,474
Net loss on derivatives, net of settlements 27,105 7,635
Non-cash expense related to equity share-based awards (253) (300)
Change in the fair value of liability share-based awards 6,045 4,759
Payments to settle asset retirement obligations (895) (3,047)
Changes in operating assets and liabilities:    
Accounts receivable (16,444) (7,278)
Other current assets (251) 31
Current liabilities 19,815 6,455
Acquisition deposit (32,700)  
Change in other long-term liabilities 86 100
Change in other assets, net (1,671) 421
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 49,889 55,529
Cash flows from investing activities:    
Capital expenditures (122,698) (175,699)
Acquisitions (302,057) (2,849)
Proceeds from sales of mineral interests and equipment 22,923 348
Net cash used in investing activities (401,832) (178,200)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 217,000 130,000
Payments on senior secured revolving credit facility (257,000) (66,000)
Issuance of common stock, net 722,715 65,546
Payment of preferred stock dividends (5,471) (5,921)
Payment of deferred financing costs (640)  
Net cash provided by financing activities 676,604 123,625
Net change in cash and cash equivalents 324,661 954
Balance, beginning of period 1,224 968
Balance, end of period $ 325,885 $ 1,922