CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net loss |
$ (1,233,474)
|
$ (3,537,090)
|
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities |
|
|
| Provision for doubtful accounts |
16,704
|
0
|
| Depreciation, depletion and amortization |
107,936
|
304,140
|
| Accretion of asset retirement obligations |
4,365
|
3,323
|
| Impairment |
718,194
|
3,647,845
|
| Reorganization items, net |
231,836
|
0
|
| Debt issuance costs amortization |
4,996
|
8,324
|
| Amortization of discount, net of premium, on debt |
2,734
|
1,053
|
| Gain on extinguishment of debt |
(41,179)
|
(358,633)
|
| Write off of debt issuance costs |
0
|
7,108
|
| Gain on debt derivatives |
(1,324)
|
(10,146)
|
| Cash paid for early conversion of convertible notes |
(33,452)
|
(2,708)
|
| Loss (gain) on derivative contracts |
4,823
|
(59,034)
|
| Cash received on settlement of derivative contracts |
72,608
|
278,581
|
| Loss on settlement of contract |
90,184
|
0
|
| Cash paid on settlement of contract |
(11,000)
|
0
|
| Loss (gain) on sale of assets |
(2,794)
|
2,097
|
| Stock-based compensation |
9,075
|
15,170
|
| Other |
(466)
|
1,772
|
| Changes in operating assets and liabilities |
(3,805)
|
59,084
|
| Net cash (used in) provided by operating activities |
(64,039)
|
360,886
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures for property, plant and equipment |
(186,452)
|
(761,905)
|
| Acquisition of assets |
(1,328)
|
(3,231)
|
| Proceeds from sale of assets |
20,090
|
35,387
|
| Net cash used in investing activities |
(167,690)
|
(729,749)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from borrowings |
489,198
|
2,190,000
|
| Repayments of borrowings |
(40,000)
|
(1,034,466)
|
| Debt issuance costs |
(333)
|
(48,021)
|
| Noncontrolling interest distributions |
0
|
(115,301)
|
| Purchase of treasury stock |
(44)
|
(3,198)
|
| Dividends paid — preferred |
0
|
(11,262)
|
| Net cash provided by financing activities |
448,821
|
977,752
|
| NET INCREASE IN CASH AND CASH EQUIVALENTS |
217,092
|
608,889
|
| CASH AND CASH EQUIVALENTS, beginning of year |
435,588
|
181,253
|
| CASH AND CASH EQUIVALENTS, end of period |
652,680
|
790,142
|
| Supplemental Disclosure of Cash Flow Information |
|
|
| Cash paid for reorganization items |
(11,836)
|
0
|
| Supplemental Disclosure of Noncash Investing and Financing Activities |
|
|
| Cumulative effect of adoption of ASU 2015-02 |
(247,566)
|
0
|
| Property, plant and equipment transferred in settlement of contract |
(215,635)
|
0
|
| Change in accrued capital expenditures |
25,045
|
160,853
|
| Equity issued for debt |
4,409
|
(35,147)
|
| Preferred stock dividends paid in common stock |
$ 0
|
$ (16,188)
|