Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ (803,041,218) $ 60,162,624
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 113,629,323 123,959,402
Amortization of Debt Issuance Costs 2,674,927 2,053,879
Amortization of 8% Senior Notes Premium (376,315) (1,115,044)
Deferred Income Taxes (202,350,555) 36,400,000
Loss (Gain) on the Mark-to-Market of Derivative Instruments 59,115,913 (25,433,684)
Amortization of Deferred Rent (8,548) (10,990)
Share - Based Compensation Expense 2,911,715 2,022,243
Impairment of Oil and Natural Gas Properties 996,815,713 0
Other 975,556 0
Changes in Working Capital and Other Items:    
Trade Receivables (5,361,872) (1,758,497)
Prepaid Expenses and Other 24,395 (1,021,830)
Accounts Payable (4,450,439) 2,805,152
Accrued Interest 15,007,861 9,016,690
Accrued Expenses (688,101) 2,290,764
Asset Retirement Obligations (57,345) 0
Net Cash Provided By Operating Activities 174,821,010 209,370,709
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of Oil and Natural Gas Properties and Development Capital Expenditures, Net (233,364,628) (345,269,233)
Proceeds from Sale of Oil and Natural Gas Properties 160,944 0
Purchases of Other Property and Equipment (20,859) (80,279)
Net Cash Used For Investing Activities (233,224,543) (345,349,512)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 140,000,000 163,000,000
Repayments on Revolving Credit Facility (268,000,000) (10,000,000)
Debt Issuance Costs Paid (5,687,108) (434,936)
Issuance of Senior Unsecured Notes 190,000,000 0
Repurchase of Common Stock - Tax Obligations (204,613) (14,224,260)
Net Cash Provided by Financing Activities 56,108,279 138,340,804
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,295,254) 2,362,001
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 9,337,512 5,687,166
CASH AND CASH EQUIVALENTS - END OF PERIOD 7,042,258 8,049,167
Supplemental Disclosure of Cash Flow Information    
Cash Paid During the Period for Interest 25,412,729 23,201,544
Cash Paid During the Period for Income Taxes 3,303,945 0
Non-Cash Financing and Investing Activities:    
Oil and Natural Gas Properties Included in Accounts Payable 92,962,284 211,194,448
Capitalized Asset Retirement Obligations 364,913 739,591
Non-Cash Compensation Capitalized on Oil and Gas Properties $ 465,198 $ 521,640