XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 694,042 $ 435,588
Accounts receivable, net 72,774 127,387
Derivative contracts 61,403 84,349
Prepaid expenses 10,427 6,833
Other current assets 15,239 19,931
Total current assets 853,885 674,088
Oil and natural gas properties, using full cost method of accounting    
Proved 11,961,413 12,529,681
Unproved 350,646 363,149
Less: accumulated depreciation, depletion and impairment (11,035,575) (11,149,888)
Net oil and natural gas properties capitalized costs 1,276,484 1,742,942
Other property, plant and equipment, net 426,537 491,760
Other assets 17,153 13,237
Total assets 2,574,059 2,922,027
Current liabilities    
Current maturities of long-term debt 3,981,371 0
Accounts payable and accrued expenses 263,665 428,417
Derivative contracts 355 573
Asset retirement obligations 8,440 8,399
Total current liabilities 4,253,831 437,389
Long-term debt 0 3,562,378
Asset retirement obligations 62,279 95,179
Other long-term obligations 11,147 14,814
Total liabilities $ 4,327,257 $ 4,109,760
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value, 50,000 shares authorized    
Common stock, $0.001 par value; 1,800,000 shares authorized; 721,256 issued and 719,288 outstanding at March 31, 2016 and 635,584 issued and 633,471 outstanding at December 31, 2015 $ 718 $ 630
Additional paid-in capital 5,312,363 5,301,136
Additional paid-in capital—stockholder receivable (1,250) (1,250)
Treasury stock, at cost (5,291) (5,742)
Accumulated deficit (7,059,723) (6,992,697)
Total SandRidge Energy, Inc. stockholders’ deficit (1,753,177) (1,697,917)
Noncontrolling interest (21) 510,184
Total stockholders’ deficit (1,753,198) (1,187,733)
Total liabilities and stockholders’ deficit 2,574,059 2,922,027
8.5% Convertible perpetual preferred stock; 2,650 shares issued and outstanding at March 31, 2016 and December 31, 2015; aggregate liquidation preference of $265,000    
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock 3 3
7.0% Convertible perpetual preferred stock; 2,597 shares issued and outstanding at March 31, 2016; aggregate liquidation preference of $259,700; 2,770 shares issued and outstanding at December 31, 2015; aggregate liquidation preference of $277,000    
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock $ 3 $ 3