| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||
Net loss | |||||||||
- | - | - | -174,104 | 56,172 | 72,256 | - | - | - | -5,229 |
Net loss | |||||||||
-19,911 | -112,359 | -52,243 | - | - | - | 6,384 | 7,242 | 7,462 | - |
Adjustments to reconcile net loss to cash (used in) provided by operating activities: | |||||||||
Depletion, depreciation and amortization | |||||||||
61,432 | 70,521 | 79,044 | 109,319 | 106,802 | 76,956 | 60,381 | 32,475 | 22,224 | 24,660 |
Unrealized (gain) loss on commodity derivatives | |||||||||
- | - | - | - | 42,113 | -4,596 | 3,874 | - | - | - |
Impairment | |||||||||
- | - | - | - | - | - | - | - | 2,622 | 2,964 |
Gain on sale of oil and gas properties, net of foreign currency transaction loss | |||||||||
- | - | - | - | - | - | - | 248 | - | - |
Gain on sale of equity method investment | |||||||||
- | - | - | - | - | 90,743 | - | - | - | - |
Exploration expense | |||||||||
387 | 3,522 | 3,753 | 1,836 | 3,831 | 2,238 | - | - | - | - |
Unrealized loss (gain) on commodity derivatives | |||||||||
- | - | - | - | - | - | - | -347 | 788 | -9,899 |
Impairment of oil and gas properties | |||||||||
- | - | - | 220,197 | 0 | 0 | - | 18,476 | - | - |
Amortization of debt issuance costs | |||||||||
1,048 | 866 | 1,396 | 1,561 | 1,546 | 1,048 | - | - | - | - |
Gain on debt extinguishment | |||||||||
- | 5,053 | - | 10,563 | - | - | - | - | - | - |
Write-off of debt issuance costs | |||||||||
- | - | 563 | - | - | - | - | - | - | - |
Commodity derivative loss | |||||||||
-321 | -262 | -5,484 | 19,275 | - | - | - | - | - | - |
Settlements of commodity derivatives | |||||||||
7,050 | 4,359 | -6,132 | -52,489 | - | - | - | - | - | - |
Share-based compensation expense | |||||||||
3,047 | 4,656 | 6,279 | 7,954 | 8,247 | 5,901 | - | - | - | 1,826 |
Exploration expense | |||||||||
- | - | - | - | - | - | 4,550 | 9,546 | - | - |
Share-based compensation expense | |||||||||
- | - | - | - | - | - | 7,465 | - | - | - |
Exploration expense | |||||||||
- | - | - | - | - | - | - | - | 2,589 | 1,621 |
Share-based compensation expense | |||||||||
- | - | - | - | - | - | - | 4,683 | 2,628 | - |
Deferred income tax benefit | |||||||||
-4,281 | 76,487 | -24,418 | -93,140 | 33,717 | 42,078 | 3,338 | 3,488 | 4,100 | -785 |
Equity in losses of investee | |||||||||
- | - | - | - | -181 | 156 | -108 | - | - | - |
Other non-cash items | |||||||||
29 | -32 | -92 | -172 | -179 | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-3,001 | -400 | -2,250 | -7,878 | -3,262 | 10,239 | 2,550 | -6,168 | 6,581 | -12,352 |
Prepaid expenses and other current assets | |||||||||
1,256 | -83 | -534 | 325 | 179 | 45 | -296 | - | - | - |
Prepaid expenses and other current assets | |||||||||
- | - | - | - | - | - | - | -378 | -527 | -71 |
Accounts payable | |||||||||
- | - | - | - | - | - | - | -151 | 6,083 | -7,863 |
Oil, NGL and gas sales payable | |||||||||
- | - | - | - | - | - | 212 | -786 | 1,760 | 857 |
Accounts payable | |||||||||
-216 | 907 | 358 | 964 | -2,262 | 1,478 | 9,271 | - | - | - |
Oil, NGLs and gas sales payable | |||||||||
-399 | 919 | -55 | -4,291 | 2,435 | 1,141 | - | - | - | - |
Accrued liabilities | |||||||||
-1,408 | 634 | -2,904 | 2,388 | 144 | 4,186 | 5,004 | - | - | - |
Cash provided by operating activities | |||||||||
- | - | - | 102,716 | 171,604 | 110,695 | 90,585 | - | - | - |
Accrued liabilities | |||||||||
- | - | - | - | - | - | - | 14,152 | -249 | 1,102 |
Cash (used in) provided by operating activities | |||||||||
34,744 | 37,454 | 26,081 | - | - | - | - | 95,770 | 42,377 | 39,761 |
INVESTING ACTIVITIES: | |||||||||
Additions to oil and gas properties | |||||||||
46,736 | 47,051 | 19,788 | 151,178 | 390,506 | 296,409 | 296,927 | - | - | - |
Proceeds from sale of equity method investment, net of contributions | |||||||||
- | - | - | - | 181 | -100,791 | - | - | - | - |
Additions to oil and gas properties | |||||||||
- | - | - | - | - | - | - | 284,574 | 91,016 | 28,990 |
Contribution to equity method investment | |||||||||
- | - | - | - | - | - | 10,000 | - | - | - |
Proceeds from gain on sale of oil and gas properties, net | |||||||||
- | - | - | - | - | - | - | 360 | - | - |
Change in restricted cash | |||||||||
- | - | - | - | -7,350 | 7,350 | - | - | - | - |
Additions to furniture, fixtures and equipment | |||||||||
31 | 14 | 16 | 67 | 3,024 | 429 | 487 | 544 | 330 | - |
Change in working capital related to investing activities | |||||||||
-4,003 | 5,344 | 4,086 | 66,102 | -9,189 | -16,073 | - | - | - | - |
Cash used in investing activities | |||||||||
- | - | - | -217,347 | -377,172 | -187,324 | -307,414 | - | - | - |
Additions to furniture, fixtures and equipment, net | |||||||||
- | - | - | - | - | - | - | - | - | 563 |
Cash used in investing activities | |||||||||
-42,764 | -52,409 | -23,890 | - | - | - | - | -284,758 | -91,346 | -29,553 |
FINANCING ACTIVITIES: | |||||||||
Borrowings under credit facility | |||||||||
120,350 | 111,250 | 50,100 | 272,000 | 353,921 | 129,950 | 304,600 | 246,800 | 121,800 | 67,407 |
Repayment of amounts outstanding under credit facility | |||||||||
109,850 | 93,250 | 50,100 | 149,000 | 203,921 | 235,950 | 242,400 | 203,000 | 154,119 | 78,625 |
Proceeds from issuance of senior notes | |||||||||
- | - | - | - | - | 242,824 | - | - | - | - |
Extinguishment of senior notes | |||||||||
- | - | - | 8,722 | - | - | - | - | - | - |
Tax withholdings related to restricted stock | |||||||||
927 | 650 | 797 | 210 | 587 | 1,188 | - | - | - | - |
Equity issuance costs | |||||||||
- | 2,780 | - | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||
14 | 977 | 197 | - | 2,174 | - | - | - | - | - |
Proceeds from issuance of common stock, net offering costs | |||||||||
- | - | - | - | - | - | 154,417 | 122,150 | 101,764 | - |
Proceeds from issuance of common stock upon exercise of stock options | |||||||||
- | - | - | - | - | 58 | 798 | 1,009 | 751 | - |
Loan origination fees | |||||||||
- | - | - | - | - | 1,071 | 120 | 1,116 | 448 | 400 |
Change in working capital related to financing activities | |||||||||
1,538 | -1,362 | 1,776 | -731 | - | - | - | - | - | - |
Cash provided by financing activities | |||||||||
- | - | - | 114,799 | 147,239 | 134,623 | 217,295 | - | - | - |
Cash provided by financing activities | |||||||||
8,021 | 14,955 | -2,770 | - | - | - | - | 165,843 | 69,748 | -11,618 |
CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
1 | - | -579 | - | - | - | - | - | - | - |
CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | 168 | -58,329 | 57,994 | 466 | -23,145 | 20,779 | -1,410 |
EFFECT OF FOREIGN CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | - | - | - | - | -19 | 1 | 18 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||
Cash paid for income taxes | |||||||||
- | - | - | - | 404 | - | - | - | - | - |
Cash paid for interest | |||||||||
24,102 | 20,584 | 25,972 | 23,634 | 20,232 | 12,392 | 4,192 | 2,856 | 1,920 | 1,790 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTION: | |||||||||
Acquisition of oil and gas properties | |||||||||
- | - | - | - | 510 | 132 | - | 547 | 132 | - |
Asset retirement obligations capitalized | |||||||||
19 | 39 | 36 | 151 | 898 | 584 | 409 | - | - | - |