XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net (loss) $ (4,807) $ (772) $ (8,178)
Loss (income) from discontinued operations 2,629 1,314 (526)
(Loss) income from continuing operations (2,178) 542 (8,704)
Adjustments to reconcile net (loss) income to net cash provided by operations      
Depreciation, depletion & amortization 14,593 11,184 4,135
Change in fair value of commodity price risk management activities, net (1,126) 1,725 0
Accretion of discount on treasury investment 0 (78) (183)
Impairment of oil and gas properties 0 0 1,468
Gain on sale of marketable securities (529) (438) 0
Equity (gain)/loss from Standard Steam 211 (1,014) 1,374
Net change in deferred income taxes (3,990) (1,533) (2,207)
(Gain) on sale of assets (137) (115) 43
Noncash compensation 1,604 1,710 1,935
Noncash services 6 66 65
Net changes in assets and liabilities      
Accounts receivable (1,493) (174) (2,858)
Income tax receivable (9) 249 5,543
Other current assets 148 (386) (192)
Accounts payable (3,368) (498) 71
Accrued compensation expense (1,194) 6 1,000
Other liabilities 29 149 (510)
Net cash provided by operating activities 2,567 11,395 980
Cash flows from investing activities:      
Net redemption of treasury investments 17,843 4,293 29,277
Cash distributions from (investment in) Standard Steam 0 1,138 (877)
Acquisition & development of real estate 0 0 (3)
Acquisition & development of oil & gas properties (50,265) (45,933) (17,498)
Acquisition & development of mining properties (221) (123) (1)
Mining property option payment 354 1,000 2,000
Acquisition of property and equipment (42) (624) (277)
Proceeds from sale of oil and gas properties 13,574 0 0
Proceeds from sale of marketable securities 846 602 0
Proceeds from sale of property and equipment 147 142 11
Net change in restricted investments (11) (330) 4,651
Net cash (used in) provided by investing activities: (17,775) (39,835) 17,283
Cash flows financing activities:      
Issuance of common stock (146) 294 24,516
Tax benefit from the exercise of stock options 0 0 38
Proceeds from new debt 33,069 0 0
Repayments of debt (11,365) (200) (17,888)
Stock buyback program 0 0 (1,399)
Net cash provided by financing activities 21,558 94 5,267
Net cash provided by operating activities of discontinued operations 767 779 1,572
Net cash used in investing activities of discontinued operations (55) (24) (133)
Net increased (decrease) in cash and cash equivalents 7,062 (27,591) 24,969
Cash and cash equivalents at beginning of period 5,812 33,403 8,434
Cash and cash equivalents at end of period 12,874 5,812 33,403
Supplemental disclosures:      
Income tax received 0 (353) (5,753)
Interest paid 290 22 39
Non-cash investing and financing activities:      
Unrealized gain 78 642 386
Acquisition and development of oil and gas properties through accounts payable 2,092 8,983 5,522
Acquisition and development of oil and gas through asset retirement obligations $ 186 $ 75 $ 58