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
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 128,914 $ 52,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of discount—Asset Retirement Obligation 529 529
Depletion, depreciation and amortization 81,814 70,424
Stock-based compensation expense 2,771 2,056
(Gain) loss from equity investments (162,265) 1,793
Interest income - note receivable (13) (2)
Unrealized loss on derivative instruments 1,311 100
Deferred income tax expense 77,107 15,514
Amortization of loan commitment fees 750 405
Amortization of note discount and premium 221 0
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (22,058) 3,199
Decrease (increase) in accounts receivable—related party 5,051 (6,184)
Increase in prepaid expenses (3,128) (1,461)
Increase in accounts payable and accrued liabilities 30,833 28,017
Settlement of asset retirement obligation (807) (1,002)
Net cash provided by operating activities 141,030 165,876
Cash flows from investing activities:    
Deductions to cash held in escrow 8 8
Additions to other property and equipment (1,502) (599)
Additions to oil and gas properties (608,270) (269,177)
Proceeds from sale of other property and equipment 0 140
Advances on note receivable to related party (875)   
Proceeds from sale of investments 74,544 0
Contributions to equity method investments (34,936) (118,975)
Distributions from equity method investments 203 710
Net cash used in investing activities (570,828) (387,893)
Cash flows from financing activities:    
Principal payments on borrowings (111) (12,103)
Borrowings on line of credit    153,000
Debt issuance costs and loan commitment fees (753) (497)
Proceeds from issuance of common stock, net of offering costs 359,040   
Net cash provided by financing activities 358,176 140,400
Net decrease in cash and cash equivalents (71,622) (81,617)
Cash and cash equivalents at beginning of period 167,088 93,897
Cash and cash equivalents at end of period 95,466 12,280
Supplemental disclosure of cash flow information:    
Interest payments 12,618 941
Income tax payments 2,751 255
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 1,848 1,371
Asset retirement obligation capitalized 1,771 1,711
Interest capitalized 9,013 0
Foreign currency translation (loss) gain on investment in Grizzly Oil Sands ULC $ (5,786) $ 3,394