| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
-165,697 | -118,701 | -230,814 | - | - | - | - | - | - | - |
Net income (loss) | |||||||||
- | - | - | -94,284 | 24,461 | 27,179 | 37,098 | -50,645 | -14,708 | 9,267 |
Adjustments to reconcile net income (loss): | |||||||||
Depreciation, Depletion and Amortization | |||||||||
107,545 | 122,373 | 139,795 | 156,194 | 145,121 | 134,053 | 113,017 | 112,136 | 115,030 | 113,975 |
Accretion on contingent consideration | |||||||||
- | 0 | 419 | 826 | 0 | 0 | - | - | - | - |
(Gain) loss on debt modification | |||||||||
- | 0 | -1,088 | - | - | - | - | - | - | - |
(Gain) loss on disposition of assets, net | |||||||||
-1,724 | -2,851 | -1,613 | - | - | - | - | - | - | - |
Reorganization items | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |
(Gain) loss on debt modification | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
(Gain) loss on disposition of assets | |||||||||
- | - | - | 1,643 | 1,054 | 3,994 | 1,974 | 3,659 | 4,620 | 5,906 |
Deferred tax expense (benefit) | |||||||||
-429 | -224 | 69,062 | 2,709 | 1,509 | 12,699 | 15,837 | -48,375 | -1,308 | -14,864 |
Asset Impairment Charges | |||||||||
50,698 | 0 | 0 | - | - | - | - | - | - | - |
Reorganization items | |||||||||
7,538 | - | - | - | - | - | - | - | - | - |
Impairment of property, plant and equipment | |||||||||
- | - | - | - | - | - | - | 170,000 | - | - |
(Gain) loss on debt modification | |||||||||
- | - | - | - | -30,152 | -5,218 | -2,130 | 0 | -7,209 | - |
Other Asset Impairment Charges | |||||||||
- | 1,938 | 0 | 12,490 | 0 | 2,544 | 0 | 1,350 | 1,952 | 4,646 |
Excess tax benefit (expense) from stock-based compensation | |||||||||
- | - | - | 1,045 | - | - | - | - | - | - |
Expenses not requiring cash | |||||||||
5,151 | 4,251 | 2,518 | 6,136 | 19,331 | 17,764 | 22,600 | 12,833 | 14,829 | 11,626 |
Change in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
15,235 | 9,628 | -60,391 | -103,995 | 12,238 | 33,512 | -15,241 | 6,841 | -20,752 | -1,656 |
Other assets | |||||||||
- | - | - | - | - | - | - | - | -3,231 | -7,108 |
Rig materials and supplies | |||||||||
-249 | -4,710 | 1,752 | -2,722 | 2,878 | -1,754 | -344 | 913 | 856 | - |
Rig materials and supplies | |||||||||
- | - | - | - | - | - | - | - | - | 3,464 |
Other current assets | |||||||||
10,860 | 1,319 | -2,140 | -12,548 | -26,032 | 11,715 | 4,313 | -63,816 | 2,969 | 29,903 |
Other non-current assets | |||||||||
-13,019 | -8,658 | -3,897 | 3,156 | 47,543 | 661 | 1,522 | 1,050 | - | - |
Accounts payable and accrued liabilities | |||||||||
-9,489 | -8,714 | -19,494 | -27,425 | 27,231 | -286 | -2,657 | -24,908 | -10,868 | 29,735 |
Accrued income taxes | |||||||||
-1,264 | 538 | -6,422 | -7,957 | -7,657 | 10,454 | -6,102 | 2,141 | -4,124 | -13,004 |
Net cash provided by (used in) operating activities | |||||||||
-17,050 | 6,733 | 22,441 | 162,110 | 202,467 | 161,497 | 189,699 | 225,885 | 123,550 | 110,872 |
Cash flows from investing activities: | |||||||||
Payments to Acquire Property, Plant, and Equipment | |||||||||
70,567 | 54,533 | 28,954 | 88,197 | 179,513 | 155,645 | 191,543 | 190,399 | 219,184 | 160,054 |
Proceeds from the sale of assets | |||||||||
1,353 | 403 | 2,441 | 830 | 5,938 | 8,218 | 3,937 | 5,535 | 6,475 | 9,336 |
Proceeds from insurance settlements | |||||||||
- | - | - | 2,500 | 0 | 0 | - | 250 | - | - |
Acquisitions, net of cash acquired | |||||||||
- | - | - | 13,806 | 0 | 117,991 | 0 | 0 | - | - |
Divestitures, net of cash paid | |||||||||
- | - | - | -2,570 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
-69,214 | -54,130 | -26,513 | -101,243 | -173,575 | -265,418 | -187,606 | -184,614 | -212,709 | -150,718 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of debt | |||||||||
- | - | - | - | 400,000 | 350,000 | 130,000 | 50,000 | 300,000 | - |
Proceeds from draw on revolver credit facility | |||||||||
- | - | - | - | - | - | 7,000 | 0 | 25,000 | - |
Payment of term loan | |||||||||
0 | - | - | 30,000 | 435,000 | 175,000 | 0 | 0 | - | - |
Proceeds from draw on revolver credit facility | |||||||||
- | - | - | - | - | - | - | - | - | 4,000 |
Repayments of senior notes | |||||||||
- | - | - | - | - | - | 125,000 | 0 | 225,000 | - |
Repayments of term loan | |||||||||
- | - | - | - | 435,000 | 175,000 | 18,000 | 21,000 | 12,000 | 6,000 |
Repayments of revolver | |||||||||
- | - | - | - | - | - | - | 25,000 | 42,000 | 20,000 |
Payments of debt issuance costs | |||||||||
1,443 | 0 | 0 | 1,996 | 7,630 | 11,172 | 4,859 | 504 | 7,976 | - |
Proceeds from rights offering | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Payment of amounts borrowed under debtor in possession facility | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Predecessor preferred stock dividend | |||||||||
3,625 | 2,145 | 0 | 0 | - | - | - | - | - | - |
Shares surrendered in lieu of tax | |||||||||
251 | 936 | 1,156 | 1,033 | - | - | - | - | - | - |
Proceeds from borrowing under debtor in possession facility | |||||||||
10,000 | 0 | 0 | - | - | - | - | - | - | - |
Payment of debtor in possession facility costs | |||||||||
975 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from the issuance of common stock | |||||||||
- | 25,200 | 0 | 0 | - | - | - | - | - | - |
Proceeds from the issuance of convertible preferred stock | |||||||||
- | 50,000 | 0 | 0 | - | - | - | - | - | - |
Payment of equity issuance costs | |||||||||
- | 2,864 | 0 | 0 | - | - | - | - | - | - |
Payments of debt extinguishment costs | |||||||||
- | - | - | - | 26,214 | 0 | 555 | 0 | 7,466 | - |
Payment of contingent consideration | |||||||||
- | 0 | -6,000 | -2,000 | 0 | 0 | - | - | - | - |
Payment for noncontrolling interest | |||||||||
- | 0 | 3,375 | 0 | 0 | - | - | - | - | - |
Proceeds from stock options exercised | |||||||||
- | - | - | - | - | - | - | 183 | 26 | 199 |
Excess tax (expense) from stock based compensation | |||||||||
- | - | - | - | -281 | 896 | -662 | 1,488 | 1,203 | -1,848 |
Net cash provided by (used in) financing activities | |||||||||
3,706 | 69,255 | -10,531 | -35,029 | -69,125 | 164,724 | -12,076 | 5,167 | 31,787 | -23,649 |
Net increase (decrease) in cash and cash equivalents and restricted cash | |||||||||
-82,558 | 21,858 | -14,603 | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | - | 25,838 | -40,233 | 60,803 | -9,983 | 46,438 | -57,372 | -63,495 |
Interest paid | |||||||||
- | 41,175 | 41,175 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 41,393 | 41,820 | 42,236 | 37,405 | 32,785 | 30,377 | 28,721 |
Income taxes paid | |||||||||
- | 8,422 | 14,341 | 26,208 | 26,694 | 17,036 | 40,234 | 21,742 | 41,024 | 17,462 |
Restructuring costs paid | |||||||||
- | 0 | 0 | - | - | - | - | - | - | - |