Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 88,387 $ 51,986
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of discount—Asset Retirement Obligation 349 353
Depletion, depreciation and amortization 51,123 45,047
Stock-based compensation expense 1,803 1,362
(Gain) loss from equity investments (111,113) 628
Interest income - note receivable    (1)
Unrealized gain on derivative instruments (5,354) (79)
Deferred income tax expense 53,709 0
Amortization of loan commitment fees 505 252
Amortization of note discount and premium 145 0
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (5,183) 4,750
Increase in accounts receivable—related party (1,975) (22,451)
Increase in prepaid expenses (1,133) (1,809)
Increase in accounts payable and accrued liabilities 3,089 20,461
Settlement of asset retirement obligation (807) (1,002)
Net cash provided by operating activities 73,545 99,497
Cash flows from investing activities:    
Deductions to cash held in escrow 8 8
Additions to other property and equipment (355) (503)
Additions to oil and gas properties (428,234) (150,653)
Proceeds from sale of other property and equipment 0 140
Advances on note receivable to related party    (1,594)
Proceeds from sale of investments 65,111 0
Contributions to equity method investments (21,960) (101,864)
Distributions from equity method investments 901 200
Net cash used in investing activities (384,529) (254,266)
Cash flows from financing activities:    
Principal payments on borrowings (73) (12,066)
Borrowings on line of credit    80,000
Debt issuance costs and loan commitment fees (686) (449)
Proceeds from issuance of common stock, net of offering costs 359,040   
Net cash provided by financing activities 358,281 67,485
Net increase (decrease) in cash and cash equivalents 47,297 (87,284)
Cash and cash equivalents at beginning of period 167,088 93,897
Cash and cash equivalents at end of period 214,385 6,613
Supplemental disclosure of cash flow information:    
Interest payments 12,594 237
Income tax payments 750 255
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 1,201 908
Asset retirement obligation capitalized 1,194 1,176
Interest capitalized 5,497 0
Foreign currency translation gain (loss) on investment in Grizzly Oil Sands ULC $ (9,680) $ (1,926)