XML 43 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED COMBINED AND CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 17,554 $ 6,709
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization expense 9,508 6,211
Deferred income taxes 277 0
Stock based compensation 1,159 0
Amortization of deferred financing costs 101 225
Bad debt expense 4,179 2,027
Gain (loss) on derivatives, net 5,360 (1,440)
Current period cash settlements on derivatives, net (8,547) 10,256
Changes in assets and liabilities:    
Decrease in restricted cash 707 0
Decrease in accounts receivable 19,608 12,266
Decrease in accounts receivable—affiliates 698 6,754
Decrease in inventory 5,087 311
Increase in customer acquisition costs (11,809) (11,668)
Decrease (increase) in prepaid and other current assets 5,610 (5,250)
Increase in intangible assets - customer acquisitions (2,720) 0
Decrease in other assets 65 58
Decrease in accounts payable and accrued liabilities (12,087) (3,895)
Increase (decrease) in accounts payable—affiliates (228) 261
Increase (decrease) in other current liabilities (1,195) 2,833
Increase in other non-current liabilities 1,553 0
Net cash provided by operating activities 34,880 25,658
Cash flows from investing activities:    
Purchases of property and equipment (857) (1,404)
Net cash used in investing activities (857) (1,404)
Cash flows from financing activities:    
Borrowings on notes payable 6,000 48,550
Payments on notes payable (30,000) (35,000)
Member contributions (distributions), net 0 (43,506)
Contributions from NuDevco 129 0
Restricted stock vesting (270) 0
Payment of dividends to Class A common shareholders (2,210) 0
Payment of distributions to Class B unitholders (7,794) 0
Net cash used in financing activities (34,145) (29,956)
Decreases in cash and cash equivalents (122) (5,702)
Cash and cash equivalents—beginning of period 4,359 7,189
Cash and cash equivalents—end of period 4,237 1,487
Non cash items:    
Property and equipment purchase accrual 179 0
Interest 598 395
Income Taxes Paid $ 150 $ 150