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
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ (137,044) $ 83,196
Adjustment to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 196,971 93,484
Impairment of unproved properties 3,353 6,359
Derivative fair value (gains) losses 372,695 (123,542)
Cash receipts (payments) for settled derivatives (118) 62,277
Deferred income tax expense (benefit) (57,762) 53,325
Stock compensation 61,611  
Gain on sale of discontinued operations (3,564)  
Loss on early extinguishment of debt 20,386  
Other 969 2,575
Changes in assets and liabilities:    
Accounts receivable (15,922) (7,935)
Accrued revenue (42,728) (19,763)
Other current assets (942) 10,808
Accounts payable 3,477 (1,436)
Accrued liabilities 42,475 20,137
Revenue distributions payable 57,503 8,495
Other (3,331) 4,417
Net cash provided by operating activities 498,029 192,397
Cash flows used in investing activities:    
Additions to unproved properties (239,152) (271,003)
Drilling and completion costs (1,103,017) (720,910)
Additions to fresh water distribution systems (99,927) (36,967)
Additions to gathering systems and facilities (261,667) (151,737)
Additions to other property and equipment (11,041) (1,766)
Change in other assets (39,067) 3,975
Net cash used in investing activities (1,753,871) (1,178,408)
Cash flows from financing activities:    
Issuance of senior notes 600,000 231,750
Repayment of senior notes (260,000)  
Borrowings on bank credit facility, net 952,000 743,000
Payments of deferred financing costs and redemption premiums on early extinguishment of debt (34,372) (5,663)
Other   8,802
Net cash provided by financing activities 1,257,628 977,889
Net (decrease) increase in cash and cash equivalents 1,786 (8,122)
Cash and cash equivalents, beginning of period 17,487 18,989
Cash and cash equivalents, end of period 19,273 10,867
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 60,031 62,246
Supplemental disclosure of noncash investing activities:    
Changes in accounts payable for additions to property and equipment $ 126,657 $ 54,051