Registration of securities issued in business combination transactions

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:          
Net income (loss) $ (12,392) $ 572 $ 27,179 $ 37,098 $ (50,645)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization 34,337 29,512 134,053 113,017 112,136
Impairment of property, plant and equipment     0 0 170,000
Loss on extinguishment of debt 29,673 0 5,218 2,130 0
(Gain) loss on disposition of assets 129 (1,148) (3,994) (1,974) (3,659)
Deferred tax expense (benefit) (12,292) (1,607) 12,699 15,837 (48,375)
Provision for reduction in carrying value of certain assets     2,544 0 1,350
Expenses not requiring cash 6,844 7,179 17,764 22,600 12,833
Change in assets and liabilities:          
Change in accounts receivable (6,226) (18,557) (33,512) 15,241 (6,841)
Rig materials and supplies     1,754 344 (913)
Change in other assets (394) (8,018) (10,622) (5,491) 61,853
Other current assets     (11,715) (4,313) 63,816
Change in liabilities (8,205) 17,747 (286) (2,657) (24,908)
Change in accrued income taxes 150 1,560 10,454 (6,102) 2,141
Other assets     (661) (1,522) (1,050)
Net cash provided by operating activities 31,624 27,240 161,497 189,699 225,885
Cash flows from investing activities:          
Capital expenditures (37,445) (30,023) (155,645) (191,543) (190,399)
Proceeds from the sale of assets 1,626 1,550 8,218 3,937 5,535
Acquisition of ITS, net of cash acquired     (117,991) 0 0
Proceeds from insurance claims     0 0 250
Net cash used in investing activities (35,819) (28,473) (265,418) (187,606) (184,614)
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuance of debt 400,000 0 350,000 130,000 50,000
Proceeds from draw on revolver credit facility     0 7,000 0
Repayments of long term debt (416,199) 0 (125,000) 0 0
Repayments of senior notes     0 (125,000) 0
Repayments of term loan (2,500) (2,500) (50,000) (18,000) (21,000)
Repayments of revolver     0 0 (25,000)
Payments of debt issuance costs (7,273) (307) (11,172) (4,859) (504)
Payments of debt extinguishment costs (25,796) 0 0 (555) 0
Proceeds from stock options exercised     0 0 183
Excess tax benefit (expense) from stock based compensation 335 (159) 896 (662) 1,488
Net cash provided by (used in) financing activities (51,433) (2,966) 164,724 (12,076) 5,167
Net increase (decrease) in cash and cash equivalents (55,628) (4,199) 60,803 (9,983) 46,438
Cash and cash equivalents at beginning of year 148,689 87,886 87,886 97,869 51,431
Cash and cash equivalents at end of year 93,061 83,687 148,689 87,886 97,869
Supplemental cash flow information:          
Interest paid 20,443 425 42,236 37,405 32,785
Income taxes paid $ 4,131 $ 2,929 $ 17,036 $ 40,234 $ 21,742