Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (582,043,000) $ (5,806,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Accretion of discount—Asset Retirement Obligation 508,000 382,000
Depletion, depreciation and amortization 121,129,000 161,064,000
Impairment of oil and gas properties 389,612,000 0
Stock-based compensation expense 3,936,000 4,041,000
Loss from equity investments 31,732,000 2,171,000
Loss on derivative instruments 206,370,000 3,309,000
Deferred income tax benefit (348,000) (2,735,000)
Amortization of loan commitment fees 1,921,000 1,416,000
Amortization of note discount and premium (1,135,000) (1,065,000)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (19,590,000) 17,237,000
Increase in accounts receivable—related party (7,000) (44,000)
Increase in prepaid expenses (3,877,000) (11,454,000)
Decrease in accounts payable and accrued liabilities (5,412,000) (28,522,000)
Settlement of asset retirement obligation (72,000) (1,120,000)
Net cash provided by operating activities 142,724,000 138,874,000
Cash flows from investing activities:    
Deductions to cash held in escrow 8,000 8,000
Additions to other property and equipment (13,410,000) (4,154,000)
Additions to oil and gas properties (257,222,000) (898,639,000)
Proceeds from sale of oil and gas properties 1,612,000 1,679,000
Funding of restricted cash 0 (75,005,000)
Contributions to equity method investments (16,690,000) (8,267,000)
Distributions from equity method investments 4,658,000 4,612,000
Net cash used in investing activities (281,044,000) (979,766,000)
Cash flows from financing activities:    
Principal payments on borrowings (1,685,000) (350,088,000)
Borrowings on line of credit 0 250,000,000
Proceeds from bond issuance 0 350,000,000
Borrowings on term loan 11,962,000 0
Debt issuance costs and loan commitment fees (205,000) (7,738,000)
Proceeds from issuance of common stock, net of offering costs 411,711,000 981,866,000
Net cash provided by financing activities 421,783,000 1,224,040,000
Net increase in cash and cash equivalents 283,463,000 383,148,000
Cash and cash equivalents at beginning of period 112,974,000 142,340,000
Cash and cash equivalents at end of period 396,437,000 525,488,000
Supplemental disclosure of cash flow information:    
Interest payments 35,026,000 24,176,000
Income tax payments   29,753,000
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 2,625,000 2,694,000
Asset retirement obligation capitalized 3,195,000 4,077,000
Interest capitalized 3,707,000 8,399,000
Foreign currency translation gain (loss) on equity method investments $ 8,374,000 $ (11,737,000)