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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 209,529  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 64,848  
(Gain) loss on sale of oil and natural gas properties (235,690)  
Share-based compensation, net 21,290  
Unrealized loss (gain) on derivative contracts (42,219)  
Amortization and write-off of deferred loan costs 896  
Amortization of discount and premium 1,887  
Loss (gain) on extinguishment of debt 56,898  
Accrued settlements on derivative contracts (3,520)  
Other income (expense) (1,004)  
Change in assets and liabilities:    
Accounts receivable 34,982  
Prepaids and other 91  
Accounts payable and accrued liabilities 14,655  
Net cash provided by (used in) operating activities 122,643  
Cash flows from investing activities:    
Oil and natural gas capital expenditures (121,210)  
Proceeds received from sales of oil and natural gas properties 477,306  
Acquisition of oil and natural gas properties (907,487)  
Acquisition of other operating property and equipment (25,538)  
Other operating property and equipment capital expenditures (13,735)  
Proceeds received from sale of other operating property and equipment 10,352  
Funds held in escrow and other 285  
Net cash provided by (used in) investing activities (580,027)  
Cash flows from financing activities:    
Proceeds from borrowings 1,235,000  
Repayments of borrowings (1,118,000)  
Premium paid to repurchase the 2020 Second Lien Notes (30,917)  
Debt issuance costs (16,823)  
Preferred stock issued 400,055  
Offering costs and other (11,934)  
Net cash provided by (used in) financing activities 457,381  
Net increase (decrease) in cash (3)  
Cash at beginning of period 24  
Cash at end of period 21  
Disclosure of non-cash investing and financing activities:    
Asset retirement obligations (5,972)  
Accretion of non-cash preferred dividend 48,007  
Accrued debt issuance costs (45)  
Accrued offering costs $ (3)  
Predecessor    
Cash flows from operating activities:    
Net income (loss)   $ (914,302)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion   94,937
Full cost ceiling impairment   754,769
Other operating property and equipment impairment   28,056
Share-based compensation, net   3,652
Unrealized loss (gain) on derivative contracts   224,281
Amortization and write-off of deferred loan costs   3,024
Amortization of discount and premium   1,269
Loss (gain) on extinguishment of debt   (81,434)
Accrued settlements on derivative contracts   (23,072)
Other income (expense)   3,973
Change in assets and liabilities:    
Accounts receivable   72,286
Prepaids and other   (4,535)
Accounts payable and accrued liabilities   (20,161)
Net cash provided by (used in) operating activities   142,743
Cash flows from investing activities:    
Oil and natural gas capital expenditures   (170,416)
Proceeds received from sales of oil and natural gas properties   (407)
Acquisition of oil and natural gas properties   158
Other operating property and equipment capital expenditures   (886)
Proceeds received from sale of other operating property and equipment   115
Funds held in escrow and other   59
Net cash provided by (used in) investing activities   (171,377)
Cash flows from financing activities:    
Proceeds from borrowings   425,000
Repayments of borrowings   (395,648)
Debt issuance costs   (1,186)
Offering costs and other   (385)
Net cash provided by (used in) financing activities   27,781
Net increase (decrease) in cash   (853)
Cash at beginning of period   8,026
Cash at end of period   7,173
Disclosure of non-cash investing and financing activities:    
Accrued capitalized interest   (2,387)
Asset retirement obligations   919
Preferred dividends on redeemable noncontrolling interest paid-in-kind   6,655
Accretion of redeemable noncontrolling interest   21,862
Accrued debt issuance costs   $ 904