XML 21 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of Cash Flows [Abstract]    
Current period net income $ 130,561 $ 77,587
Adjustments to reconcile net income to net cash provided by operating activities    
Unrealized gain on derivatives (11,845) (33,821)
Depletion, depreciation and amortization 122,207 75,266
Accretion of asset retirement obligations 739 614
Stock-based compensation expense 8,945 11,192
Amortization of debt issuance cost 411 64
Net gain on asset sales and inventory impairment 0 (7)
Changes in operating assets and liabilities    
Accounts receivable (9,321) (25,642)
Lease and well equipment inventory (8,611) (140)
Prepaid expenses (2,167) (2,619)
Other assets (149) 165
Accounts payable, accrued liabilities and other current liabilities (883) 4,442
Royalties payable 8,393 11,435
Advances from joint interest owners 16,025 3,768
Other long-term liabilities (97) (1,062)
Net cash provided by operating activities 254,208 121,242
Investing activities    
Oil and natural gas properties capital expenditures (421,595) (328,929)
Expenditures for midstream and other property and equipment (79,560) (41,743)
Proceeds from sale of assets 7,593 977
Net cash used in investing activities (493,562) (369,695)
Financing activities    
Repayments of borrowings 45,000 0
Borrowings under Credit Agreement 45,000 0
Proceeds from issuance of common stock 226,612 0
Cost to issue equity 73 0
Proceeds from stock options exercised 464 2,201
Contributions related to formation of Joint Venture 14,700 171,500
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 53,900 14,700
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (10,535) (1,960)
Taxes paid related to net share settlement of stock-based compensation (4,683) (2,970)
Purchase of non-controlling interest of less-than-wholly-owned subsidiary 0 (2,653)
Net cash provided by financing activities 280,385 180,818
Increase (decrease) in cash and restricted cash 41,031 (67,635)
Cash and restricted cash at beginning of period 102,482 214,142
Cash and restricted cash at end of period $ 143,513 $ 146,507