XML 61 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (142,406)us-gaap_ProfitLoss [1] $ (539,215)us-gaap_ProfitLoss [1]
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation, depletion and amortization 130,707us-gaap_DepreciationDepletionAndAmortization 172,862us-gaap_DepreciationDepletionAndAmortization
Accretion of asset retirement obligations 5,746us-gaap_ResultsOfOperationsAccretionOfAssetRetirementObligations 9,779us-gaap_ResultsOfOperationsAccretionOfAssetRetirementObligations
Impairment 164,779us-gaap_UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense 0us-gaap_UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
Debt issuance costs amortization 2,361us-gaap_AmortizationOfFinancingCosts 3,008us-gaap_AmortizationOfFinancingCosts
Amortization of discount, net of premium, on long-term debt 129us-gaap_AmortizationOfDebtDiscountPremium 672us-gaap_AmortizationOfDebtDiscountPremium
Loss on extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 82,005us-gaap_GainsLossesOnExtinguishmentOfDebt
Deferred income tax provision 0us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount 4,359us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount
Loss on derivative contracts 42,491us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet 40,897us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Cash paid on settlement of derivative contracts (39,164)sd_PaymentsForProceedsFromDerivativeInstrumentsOperatingActivities (21,684)sd_PaymentsForProceedsFromDerivativeInstrumentsOperatingActivities
(Gain) loss on sale of assets (19)us-gaap_GainLossOnSaleOfPropertyPlantEquipment 398,174us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Stock-based compensation 6,786us-gaap_ShareBasedCompensation 19,850us-gaap_ShareBasedCompensation
Other 188us-gaap_OtherOperatingActivitiesCashFlowStatement (285)us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in operating assets and liabilities (81,147)us-gaap_IncreaseDecreaseInOperatingCapital (48,965)us-gaap_IncreaseDecreaseInOperatingCapital
Net cash provided by operating activities 90,451us-gaap_NetCashProvidedByUsedInOperatingActivities 121,457us-gaap_NetCashProvidedByUsedInOperatingActivities [2]
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (331,016)us-gaap_PaymentsToAcquireProductiveAssets (421,876)us-gaap_PaymentsToAcquireProductiveAssets
Acquisition of assets (2,352)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (5,048)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from sale of assets 707,366us-gaap_ProceedsFromSaleOfProductiveAssets 2,559,374us-gaap_ProceedsFromSaleOfProductiveAssets
Net cash provided by investing activities 373,998us-gaap_NetCashProvidedByUsedInInvestingActivities 2,132,450us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of borrowings 0us-gaap_RepaymentsOfLongTermDebt (1,115,500)us-gaap_RepaymentsOfLongTermDebt
Premium on debt redemption 0us-gaap_PaymentsOfDebtExtinguishmentCosts (61,997)us-gaap_PaymentsOfDebtExtinguishmentCosts
Debt issuance costs 0us-gaap_PaymentsOfDebtIssuanceCosts (91)us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from sale of royalty trust units 22,119us-gaap_ProceedsFromMinorityShareholders 0us-gaap_ProceedsFromMinorityShareholders
Noncontrolling interest distributions (53,118)us-gaap_PaymentsToMinorityShareholders (51,256)us-gaap_PaymentsToMinorityShareholders
Acquisition of ownership interest (2,730)sd_PaymentsForPurchaseOfNoncontrollingInterest 0sd_PaymentsForPurchaseOfNoncontrollingInterest
Stock-based compensation excess tax benefit 2us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Purchase of treasury stock (4,350)us-gaap_PaymentsForRepurchaseOfCommonStock (12,041)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends paid — preferred (17,263)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (17,263)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Cash (paid) received on settlement of financing derivative contracts (44,128)us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities 3,208us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
Net cash used in financing activities (99,468)us-gaap_NetCashProvidedByUsedInFinancingActivities (1,254,940)us-gaap_NetCashProvidedByUsedInFinancingActivities [2]
NET INCREASE IN CASH AND CASH EQUIVALENTS 364,981us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 998,967us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, beginning of year 814,663us-gaap_CashAndCashEquivalentsAtCarryingValue 309,766us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, end of period 1,179,644us-gaap_CashAndCashEquivalentsAtCarryingValue 1,308,733us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (92,896)us-gaap_InterestPaidNet (127,181)us-gaap_InterestPaidNet
Cash received for income taxes 0us-gaap_IncomeTaxesPaidNet 476us-gaap_IncomeTaxesPaidNet
Supplemental Disclosure of Noncash Investing and Financing Activities    
Deposit on pending sale 0us-gaap_IncreaseDecreaseInRestrictedCash (255,000)us-gaap_IncreaseDecreaseInRestrictedCash
Change in accrued capital expenditures 55,242sd_ChangeInAccruedCapitalExpenditures 33,164sd_ChangeInAccruedCapitalExpenditures
Asset retirement costs capitalized $ 818us-gaap_AssetRetirementObligationLiabilitiesIncurred $ 1,102us-gaap_AssetRetirementObligationLiabilitiesIncurred
[1] Guarantor and Consolidated direct operating expenses have been restated to reflect accrual of the CO2 delivery shortfall penalty. See Note 2.
[2] Net cash provided by financing activities has been revised to include intercompany (advances) borrowings, net previously included in net cash provided by operating activities. Amounts represent cash flows between the Parent and the Guarantors and Non-Guarantors resulting from the Parent’s centralized treasury activities. The impact of these revisions was not material to any previously issued financial statements.