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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income (loss) $ (553,560) $ 122,982 $ 299,764
Adjustments to reconcile net (loss) income to net cash provided by operating activities      
Unrealized loss (gain) on derivatives 32,008 53,727 (65,085)
Depletion, depreciation and amortization 361,831 350,540 265,142
Accretion of asset retirement obligations 1,948 1,822 1,530
Full-cost ceiling impairment 684,743 0 0
Stock-based compensation expense 13,625 18,505 17,200
Prepayment premium on extinguishment of debt 0 0 31,226
Net deferred income tax (benefit) provision (45,599) 35,532 (7,236)
Amortization of debt issuance cost 2,832 2,484 1,357
Net loss on asset sales and inventory impairment 2,832 967 196
Changes in operating assets and liabilities      
Accounts receivable 53,001 (43,261) (4,934)
Lease and well equipment inventory (655) 4,777 (12,176)
Prepaid expenses (3,010) (4,844) (1,770)
Other assets 1,681 678 3,418
Accounts payable, accrued liabilities and other current liabilities (43,844) (19,004) 68,647
Royalties payable (19,144) 20,417 3,418
Advances from joint interest owners (10,646) 3,869 8,179
Other long-term liabilities (461) 2,851 (353)
Net cash provided by operating activities 477,582 552,042 608,523
Investing activities      
Drilling, completion and equipping capital expenditures (471,087) (679,395) (704,947)
Acquisition of oil and natural gas properties (72,809) (50,766) (652,855)
Midstream capital expenditures (234,359) (192,035) (163,222)
Expenditures for other property and equipment (2,200) (3,701) (2,562)
Proceeds from sale of assets 4,789 21,921 8,333
Net cash used in investing activities (775,666) (903,976) (1,515,253)
Financing activities      
Repayments of borrowings (35,000) (35,000) (370,000)
Borrowings under Credit Agreement 220,000 250,000 410,000
Borrowings under San Mateo Credit Facility 46,000 68,000 220,000
Cost to enter into or amend credit facilities (660) (1,443) (3,077)
Proceeds from issuance of senior unsecured notes 0 0 1,051,500
Cost to issue senior unsecured notes 0 0 (14,098)
Purchase of senior unsecured notes 0 0 (605,780)
Proceeds from issuance of common stock 0 0 226,612
Cost to issue equity 0 0 (204)
Proceeds from stock options exercised 45 3,300 815
Contributions related to formation of San Mateo I 14,700 14,700 14,700
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 119,700 77,330 85,750
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (45,570) (39,200) (121,520)
Taxes paid related to net share settlement of stock-based compensation (1,556) (3,691) (6,466)
Other 6,680 (918) 0
Net cash provided by financing activities 324,339 333,078 888,232
Increase (decrease) in cash and restricted cash 26,255 (18,856) (18,498)
Cash and restricted cash at beginning of period 65,128 83,984 102,482
Cash and restricted cash at end of period $ 91,383 $ 65,128 $ 83,984