Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES:    
Net loss attributable to Magellan Petroleum Corporation $ (2,627) $ (4,835)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depletion, depreciation, amortization, and accretion 255 169
Increase in fair value of contingent consideration payable 36 77
Stock compensation expense 44 657
Severance benefit costs 475 0
Net changes in operating assets and liabilities:    
Accounts receivable 135 (165)
Inventories (89) 6
Prepayments and other current assets 83 100
Accounts payable and accrued liabilities (410) 1,113
Net cash used in operating activities of continuing operations (2,098) (2,878)
INVESTING ACTIVITIES:    
Additions to property and equipment (2,849) (3,089)
Net cash used in investing activities of continuing operations (2,849) (3,089)
FINANCING ACTIVITIES:    
Repurchase of common stock (104) 0
Proceeds from issuance of common stock 149 0
Payment of preferred stock dividend (429) 0
Short term debt issuances 0 500
Short term debt repayments 0 (108)
Net cash (used in) provided by financing activities of continuing operations (384) 392
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities of discontinued operations 0 43
Net cash used in investing activities of discontinued operations 0 (22)
Net cash provided by (used in) discontinued operations 0 21
Effect of exchange rate changes on cash and cash equivalents (318) 86
Net decrease in cash and cash equivalents (5,649) (5,468)
Cash and cash equivalents at beginning of period 16,422 32,469
CASH AND CASH EQUIVALENTS AT END OF PERIOD 10,773 27,001
Supplemental schedule of non-cash activities:    
Unrealized holding loss and foreign currency translation loss on securities available-for-sale (2,074) 23
Amounts in accounts payable and accrued liabilities related to property and equipment 1,098 4,590
Accrued preferred stock dividends 430 415
Amounts in accrued or other liabilities related to Sopak 1,597 1,493
Amounts in prepaid and other assets related to Sopak $ 1,597 $ 1,493