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 ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (739,339) $ (394,015)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Accretion of discount—Asset Retirement Obligation 777 594
Depletion, depreciation and amortization 183,414 251,393
Impairment of oil and gas properties 601,806 594,776
Stock-based compensation expense 5,730 6,334
Loss from equity investments 25,988 64,062
Loss (gain) on derivative instruments 184,013 (58,873)
Deferred income tax expense (benefit) 17,211 (219,338)
Amortization of loan commitment fees 2,912 2,287
Amortization of note discount and premium (1,716) (1,611)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (55,916) 37,587
Increase in accounts receivable—related party (80) (103)
Increase in prepaid expenses (6,835) (12,442)
Increase (decrease) in accounts payable, accrued liabilities and other 28,265 (34,440)
Settlement of asset retirement obligation (955) (1,120)
Net cash provided by operating activities 245,275 235,091
Cash flows from investing activities:    
Deductions to cash held in escrow 8 8
Additions to other property and equipment (20,131) (8,209)
Additions to oil and gas properties (441,128) (1,373,292)
Proceeds from sale of oil and gas properties 41,534 18,192
Contributions to equity method investments (18,510) (13,837)
Distributions from equity method investments 14,220 4,761
Insurance proceeds 3,750 0
Net cash used in investing activities (420,257) (1,372,377)
Cash flows from financing activities:    
Principal payments on borrowings (1,685) (350,130)
Borrowings on line of credit 0 250,000
Proceeds from bond issuance 0 350,000
Borrowings on term loan 16,499 0
Debt issuance costs and loan commitment fees (241) (8,381)
Proceeds from issuance of common stock, net of offering costs 411,711 981,568
Net cash provided by financing activities 426,284 1,223,057
Net increase in cash and cash equivalents 251,302 85,771
Cash and cash equivalents at beginning of period 112,974 142,340
Cash and cash equivalents at end of period 364,276 228,111
Supplemental disclosure of cash flow information:    
Interest payments 35,193 24,195
Income tax payments   29,753
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 3,820 4,222
Asset retirement obligation capitalized 6,726 5,736
Interest capitalized 8,920 12,041
Foreign currency translation gain (loss) on equity method investments $ 7,137 $ (23,275)