XML 63 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,740,605) $ (159,658)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation, depletion and amortization 226,260 243,385
Accretion of asset retirement obligations 2,191 6,811
Impairment 2,573,257 167,912
Debt issuance costs amortization 4,636 4,703
Amortization of discount, net of premium, on long-term debt 285 258
Gain on extinguishment of debt (17,934) 0
Write off of debt issuance costs 7,108 0
(Gain) loss on derivative contracts (16,823) 127,783
Cash received (paid) on settlement of derivative contracts 211,323 (52,261)
(Gain) loss on sale of assets (4,674) 17
Stock-based compensation 11,533 11,625
Other 680 (49)
Changes in operating assets and liabilities 61,757 (119,734)
Net cash provided by operating activities 318,994 230,792
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (636,822) (656,699)
Acquisition of assets (3,475) (16,553)
Proceeds from sale of assets 11,462 707,799
Net cash (used in) provided by investing activities (628,835) 34,547
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings 2,190,000 0
Repayments of borrowings (940,000) 0
Debt issuance costs (39,129) 0
Proceeds from sale of royalty trust units 0 22,119
Noncontrolling interest distributions (84,690) (103,142)
Acquisition of ownership interest 0 (2,730)
Stock-based compensation excess tax benefit 0 2
Purchase of treasury stock (2,714) (5,602)
Dividends paid — preferred (11,262) (27,763)
Cash paid on settlement of financing derivative contracts 0 (44,128)
Net cash provided by (used in) financing activities 1,112,205 (161,244)
NET INCREASE IN CASH AND CASH EQUIVALENTS 802,364 104,095
CASH AND CASH EQUIVALENTS, beginning of year 181,253 814,663
CASH AND CASH EQUIVALENTS, end of period 983,617 918,758
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (177,245) (120,339)
Cash paid for income taxes (95) (1,932)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Change in accrued capital expenditures 149,066 3,989
Equity issued for debt exchange (31,396) 0
Preferred stock dividends paid in common stock $ (6,693) $ 0