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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income (loss) $ 122,982 $ 299,764 $ 138,007
Adjustments to reconcile net income to net cash provided by operating activities      
Unrealized loss (gain) on derivatives 53,727 (65,085) (9,715)
Depletion, depreciation and amortization 350,540 265,142 177,502
Accretion of asset retirement obligations 1,822 1,530 1,290
Full-cost ceiling impairment 0 0 0
Stock-based compensation expense 18,505 17,200 16,654
Prepayment premium on extinguishment of debt 0 31,226 0
Deferred income tax provision (benefit) 35,532 (7,236) 0
Amortization of debt issuance cost 2,484 1,357 468
Net loss (gain) on asset sales and inventory impairment 967 196 (23)
Changes in operating assets and liabilities      
Accounts receivable (43,261) (4,934) (82,549)
Lease and well equipment inventory 4,777 (12,176) (3,623)
Prepaid expenses (4,844) (1,770) (2,960)
Other assets 678 3,418 (6,425)
Accounts payable, accrued liabilities and other current liabilities (19,004) 68,647 33,559
Royalties payable 20,417 3,418 37,370
Advances from joint interest owners 3,869 8,179 1,089
Other long-term liabilities 2,851 (353) (1,519)
Net cash provided by operating activities 552,042 608,523 299,125
Investing activities      
Oil and natural gas properties capital expenditures (730,161) (1,357,802) (699,445)
Midstream capital expenditures (192,035) (163,222) (115,128)
Expenditures for other property and equipment (3,701) (2,562) (5,688)
Proceeds from sale of assets 21,921 8,333 977
Net cash used in investing activities (903,976) (1,515,253) (819,284)
Financing activities      
Repayments of borrowings (35,000) (370,000) 0
Borrowings under Credit Agreement 250,000 410,000 0
Borrowings under San Mateo Credit Facility 68,000 220,000 0
Cost to enter into or amend credit facilities (1,443) (3,077) 0
Proceeds from issuance of senior unsecured notes 0 1,051,500 0
Cost to issue senior unsecured notes 0 (14,098) 0
Purchase of senior unsecured notes 0 (605,780) 0
Proceeds from issuance of common stock 0 226,612 208,720
Cost to issue equity 0 (204) (280)
Proceeds from stock options exercised 3,300 815 2,920
Contributions related to formation of San Mateo I 14,700 14,700 171,500
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 77,330 85,750 44,100
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (39,200) (121,520) (10,045)
Taxes paid related to net share settlement of stock-based compensation (3,691) (6,466) (5,763)
Purchase of non-controlling interest of less-than-wholly-owned subsidiary 0 0 (2,653)
Cash paid under financing lease obligations (918) 0 0
Net cash provided by financing activities 333,078 888,232 408,499
Decrease in cash and restricted cash (18,856) (18,498) (111,660)
Cash and restricted cash at beginning of year 83,984 102,482 214,142
Cash and restricted cash at end of year $ 65,128 $ 83,984 $ 102,482