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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income (loss) $ 299,764 $ 138,007 $ (97,057)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Unrealized (gain) loss on derivatives (65,085) (9,715) 41,238
Depletion, depreciation and amortization 265,142 177,502 122,048
Accretion of asset retirement obligations 1,530 1,290 1,182
Full-cost ceiling impairment 0 0 158,633
Stock-based compensation expense 17,200 16,654 12,362
Prepayment premium on extinguishment of debt 31,226 0 0
Deferred income tax benefit (7,236) 0 0
Amortization of debt issuance cost 1,357 468 1,148
Net loss (gain) on asset sales and inventory impairment 196 (23) (107,277)
Changes in operating assets and liabilities      
Accounts receivable (4,934) (82,549) (14,259)
Lease and well equipment inventory (12,176) (3,623) (700)
Prepaid expenses (1,770) (2,960) (124)
Other assets 3,418 (6,425) 490
Accounts payable, accrued liabilities and other current liabilities 68,647 33,559 6,611
Royalties payable 3,418 37,370 7,495
Advances from joint interest owners 8,179 1,089 1,000
Income taxes payable 0 0 (2,848)
Other long-term liabilities (353) (1,519) 4,144
Net cash provided by operating activities 608,523 299,125 134,086
Investing activities      
Oil and natural gas properties capital expenditures (1,357,802) (699,445) (379,067)
Expenditures for other property and equipment (165,784) (120,816) (74,845)
Proceeds from sale of assets 8,333 977 5,173
Net cash used in investing activities (1,515,253) (819,284) (448,739)
Financing activities      
Repayments of borrowings (370,000) 0 (120,000)
Borrowings under Credit Agreement 410,000 0 120,000
Borrowings under San Mateo Credit Facility 220,000 0 0
Cost to enter into or amend credit facilities (3,077) 0 0
Proceeds from issuance of senior unsecured notes 1,051,500 0 184,625
Cost to issue senior unsecured notes (14,098) 0 (2,734)
Purchase of senior unsecured notes (605,780) 0 0
Proceeds from issuance of common stock 226,612 208,720 288,510
Cost to issue equity (204) (280) (847)
Proceeds from stock options exercised 815 2,920 100
Contributions related to formation of Joint Venture 14,700 171,500 0
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 85,750 44,100 0
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (121,520) (10,045) 0
Taxes paid related to net share settlement of stock-based compensation (6,466) (5,763) (1,948)
Purchase of non-controlling interest of less-than-wholly-owned subsidiary 0 (2,653) 0
Net cash provided by financing activities 888,232 408,499 467,706
(Decrease) increase in cash and restricted cash (18,498) (111,660) 153,053
Cash and restricted cash at beginning of year 102,482 214,142 61,089
Cash and restricted cash at end of year $ 83,984 $ 102,482 $ 214,142