W&T Offshore, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details)

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net income (loss)	$ (11,661)us-gaap_NetIncomeLoss	$ 51,322us-gaap_NetIncomeLoss	$ 71,984us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	511,102	451,529	356,232
Amortization of debt issuance costs and premium	701	1,645	2,575
Share-based compensation	14,744us-gaap_ShareBasedCompensation	11,525us-gaap_ShareBasedCompensation	12,398us-gaap_ShareBasedCompensation
Derivative gain (loss)	(3,965)	8,470	13,954
Cash payments on derivative settlements, net	(5,318)	(8,589)	(7,664)
Deferred income taxes	(4,760)us-gaap_DeferredIncomeTaxExpenseBenefit	30,920us-gaap_DeferredIncomeTaxExpenseBenefit	88,109us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in operating assets and liabilities:
Oil and natural gas receivables	29,510	980	818
Joint interest and other receivables	(4,255)	34,257	(28,823)
Income taxes	3,143	44,328	(58,011)
Prepaid expenses and other assets	15,012	(10,044)	7,440
Asset retirement obligation settlements	(74,313)	(81,543)	(112,827)
Accounts payable, accrued liabilities and other	41,483	26,558	38,952
Net cash provided by operating activities	511,423	561,358	385,137
Investing activities:
Acquisition of property interest in oil and natural gas properties	(72,234)	(82,424)	(205,550)
Investment in oil and natural gas properties and equipment	(554,378)	(551,954)	(479,313)
Proceeds from sales of assets and other, net		21,008	30,453
Purchases of furniture, fixtures and other	(3,340)	(1,435)	(3,031)
Net cash used in investing activities	(629,952)	(614,805)	(657,441)
Financing activities:
Issuance of 8.50% Senior Notes			318,000
Borrowings of long-term debt - revolving bank credit facility	556,000	563,000	732,000
Repayments of long-term debt - revolving bank credit facility	(399,000)	(443,000)	(679,000)
Debt issuance costs		(3,892)us-gaap_PaymentsOfDebtIssuanceCosts	(8,510)us-gaap_PaymentsOfDebtIssuanceCosts
Dividends to shareholders	(30,260)us-gaap_PaymentsOfDividends	(58,846)us-gaap_PaymentsOfDividends	(82,832)us-gaap_PaymentsOfDividends
Other	(345)	(260)	379
Net cash provided by financing activities	126,395	57,002	280,037
Increase in cash and cash equivalents	7,866	3,555	7,733
Cash and cash equivalents, beginning of period	15,800	12,245	4,512
Cash and cash equivalents, end of period	23,666	15,800	12,245
Parent Company
Operating activities:
Net income (loss)	(11,661)	51,322	71,984
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	287,617	250,818	202,018
Amortization of debt issuance costs and premium	701	1,645	2,575
Share-based compensation	14,744	11,525	12,398
Derivative gain (loss)	(3,965)	8,470	13,954
Cash payments on derivative settlements, net	(5,318)	(8,589)	(7,664)
Deferred income taxes	(32,456)	7,564	81,653
Earnings of affiliates	(240)	(24,400)	(49,799)
Changes in operating assets and liabilities:
Oil and natural gas receivables	19,553	6,182	(3,783)
Joint interest and other receivables	(4,255)	34,257	(28,823)
Income taxes	30,747	54,813	(76,411)
Prepaid expenses and other assets	25,555	(25,329)	9,017
Asset retirement obligation settlements	(57,253)	(65,438)	(105,773)
Accounts payable, accrued liabilities and other	12,816	59,961	159,774
Net cash provided by operating activities	276,585	362,801	281,120
Investing activities:
Acquisition of property interest in oil and natural gas properties	(17,407)		(151,429)
Investment in oil and natural gas properties and equipment	(312,044)	(349,804)	(375,296)
Investment in subsidiary	(62,323)	(86,017)	(54,121)
Proceeds from sales of assets and other, net		21,008	30,453
Purchases of furniture, fixtures and other	(3,340)	(1,435)	(3,031)
Net cash used in investing activities	(395,114)	(416,248)	(553,424)
Financing activities:
Issuance of 8.50% Senior Notes			318,000
Borrowings of long-term debt - revolving bank credit facility	556,000	563,000	732,000
Repayments of long-term debt - revolving bank credit facility	(399,000)	(443,000)	(679,000)
Debt issuance costs		(3,892)	(8,510)
Dividends to shareholders	(30,260)	(58,846)	(82,832)
Other	(345)	(260)	379
Net cash provided by financing activities	126,395	57,002	280,037
Increase in cash and cash equivalents	7,866	3,555	7,733
Cash and cash equivalents, beginning of period	15,800	12,245	4,512
Cash and cash equivalents, end of period	23,666	15,800	12,245
Guarantor Subsidiaries
Operating activities:
Net income (loss)	240	24,400	49,799
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	223,485	200,711	154,214
Deferred income taxes	27,696	23,356	6,456
Changes in operating assets and liabilities:
Oil and natural gas receivables	9,957	(5,202)	4,601
Income taxes	(27,604)	(10,485)	18,400
Prepaid expenses and other assets	12,882	(18,835)	(119,895)
Asset retirement obligation settlements	(17,060)	(16,105)	(7,054)
Accounts payable, accrued liabilities and other	5,242	717	(2,504)
Net cash provided by operating activities	234,838	198,557	104,017
Investing activities:
Acquisition of property interest in oil and natural gas properties	(54,827)	(82,424)	(54,121)
Investment in oil and natural gas properties and equipment	(242,334)	(202,150)	(104,017)
Net cash used in investing activities	(297,161)	(284,574)	(158,138)
Financing activities:
Investment from parent	62,323	86,017	54,121
Net cash provided by financing activities	62,323	86,017	54,121
Eliminations
Operating activities:
Net income (loss)	(240)	(24,400)	(49,799)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Earnings of affiliates	240	24,400	49,799
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(23,425)	34,120	118,318
Accounts payable, accrued liabilities and other	23,425	(34,120)	(118,318)
Investing activities:
Investment in subsidiary	62,323	86,017	54,121
Net cash used in investing activities	62,323	86,017	54,121
Financing activities:
Investment from parent	(62,323)	(86,017)	(54,121)
Net cash provided by financing activities	$ (62,323)	$ (86,017)	$ (54,121)