Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 66,865 $ 204,090
Adjustment to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 321,915 159,447
Impairment of unproved properties 7,895 9,564
Derivative fair value gains 63,720 (285,510)
Cash receipts for settled derivatives 57,333 109,311
Deferred income taxes 75,919 120,695
Stock compensation 85,896  
Loss on early extinguishment of debt 20,386  
Gain on sale of discontinued operations (3,564) (5,000)
Deferred income taxes - discontinued operations 1,354 1,900
Other 4,874 3,911
Changes in assets and liabilities:    
Accounts receivable (36,145) (11,727)
Accrued revenue (47,189) (39,453)
Other current assets 975 1,702
Accounts payable 530 (4,602)
Accrued liabilities 105,278 44,720
Revenue distributions payable 72,857 22,889
Other (153)  
Net cash provided by operating activities 798,746 331,937
Cash flows used in investing activities:    
Additions to unproved properties (518,247) (342,832)
Drilling and completion costs (1,723,657) (1,165,248)
Additions to fresh water distribution systems (156,467) (101,838)
Additions to gathering systems and facilities (406,666) (240,119)
Additions to other property and equipment (12,539) (3,225)
Increase in other assets (6,896) (11,622)
Net cash used in investing activities (2,824,472) (1,864,884)
Cash flows from financing activities:    
Issuance of senior notes 1,102,500 231,750
Repayment of senior notes (260,000)  
Borrowings on bank credit facility, net 1,217,000 1,295,500
Make-whole premium on debt extinguished (17,383)  
Payments of deferred financing costs (27,570) (8,334)
Other   6,626
Net cash provided by financing activities 2,014,547 1,525,542
Net decrease in cash and cash equivalents (11,179) (7,405)
Cash and cash equivalents, beginning of period 17,487 18,989
Cash and cash equivalents, end of period 6,308 11,584
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 67,299 70,221
Supplemental disclosure of noncash investing activities:    
Increase in accounts payable for additions to properties, gathering systems, and facilities $ 227,368 $ 134,525