Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net loss $ (94,759) $ (47,997)
Adjustment to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 91,508 40,628
Impairment of unproved properties 1,397 1,556
Derivative fair value losses 248,929 71,941
Cash receipts (payments) for settled derivatives (1,071) 48,131
Deferred income tax benefit (40,662) (30,400)
Stock compensation 29,137  
Other 3,182 1,387
Changes in assets and liabilities:    
Accounts receivable 3,360 (10,545)
Accrued revenue (48,850) (5,948)
Other current assets (96) 11,711
Accounts payable (5,718) (1,584)
Accrued liabilities 47,976 24,290
Revenue distributions payable 39,974 7,037
Net cash provided by operating activities 274,307 110,207
Cash flows used in investing activities:    
Additions to unproved properties (60,149) (148,972)
Drilling and completion costs (496,221) (334,965)
Additions to fresh water distribution systems (60,030) (9,020)
Additions to gathering and compression systems (107,523) (55,975)
Additions to other property and equipment (7,783) (721)
Change in other assets (3,807) 1,768
Net cash used in investing activities (735,513) (547,885)
Cash flows from financing activities:    
Issuance of senior notes   231,750
Borrowings on bank credit facility, net 457,000 187,000
Payments of deferred financing costs (701) (3,014)
Other   7,759
Net cash provided by financing activities 456,299 423,495
Net decrease in cash and cash equivalents (4,907) (14,183)
Cash and cash equivalents, beginning of period 17,487 18,989
Cash and cash equivalents, end of period 12,580 4,806
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 13,087 16,160
Supplemental disclosure of noncash investing activities:    
Changes in accounts payable for additions to property and equipment $ 64,016 $ 88,843