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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 324,595 $ 548,974 $ (260,739)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred income tax expense 5,056 0 0
Depletion, depreciation and amortization 212,677 158,389 148,339
Impairment expense 0 0 162,027
Gain on sale of investment in equity method investee (see Note 4.c) 0 (405,906) 0
Loss on early redemption of debt 0 23,761 0
Non-cash stock-based compensation, net 36,396 35,734 29,229
Mark-to-market on derivatives:      
(Gain) loss on derivatives, net (42,984) (350) 87,425
Settlements received for matured derivatives, net 6,090 37,583 195,281
Settlements received for early terminations of derivatives, net 0 4,234 80,000
Change in net present value of derivative deferred premiums 694 394 232
Premiums paid for derivatives (20,335) (25,853) (89,669)
Amortization of debt issuance costs 3,331 4,086 4,279
Write-off of debt issuance costs 0 0 842
Income from equity method investee (see Note 4.c) 0 (8,485) (9,403)
Cash settlement of performance unit awards 0 0 (6,394)
Other, net 11,857 6,067 4,596
Decrease (increase) in accounts receivable 4,669 (12,124) 832
Increase in other current assets (1,865) (3,461) (1,373)
Decrease (increase) in other noncurrent assets 124 (4,774) 360
Increase in accounts payable and accrued liabilities 11,163 9,137 5,432
Increase (decrease) in undistributed revenues and royalties 10,989 11,014 (7,735)
(Decrease) increase in other current liabilities (23,799) (2,327) 13,153
(Decrease) increase in other noncurrent liabilities (854) 8,821 (419)
Net cash provided by operating activities 537,804 384,914 356,295
Cash flows from investing activities:      
Deposit received for potential sale of oil and natural gas properties 0 0 3,000
Deposit utilized for sale of oil and natural gas properties 0 (3,000) 0
Acquisitions of oil and natural gas properties (17,538) 0 (124,660)
Capital expenditures:      
Oil and natural gas properties (673,584) (538,122) (360,679)
Midstream service assets (6,784) (20,887) (5,240)
Other fixed assets (7,308) (4,905) (7,611)
Investment in equity method investee (see Note 4.c) 0 (31,808) (69,609)
Proceeds from disposition of equity method investee, net of selling costs (see Note 4.c) 1,655 829,615 0
Proceeds from dispositions of capital assets, net of selling costs 12,603 64,157 397
Net cash (used in) provided by investing activities (690,956) 295,050 (564,402)
Cash flows from financing activities:      
Borrowings on Senior Secured Credit Facility 210,000 190,000 239,682
Payments on Senior Secured Credit Facility (20,000) (260,000) (304,682)
Early redemption of debt 0 (518,480) 0
Proceeds from issuance of common stock, net of offering costs 0 0 276,052
Share repurchases (97,055) 0 0
Vested stock exchanged for tax withholding (4,418) (7,662) (1,635)
Proceeds from exercise of stock options 86 397 208
Payments for debt issuance costs (2,469) (4,732) 0
Net cash provided by (used in) financing activities 86,144 (600,477) 209,625
Net (decrease) increase in cash and cash equivalents (67,008) 79,487 1,518
Cash and cash equivalents, beginning of period 112,159 32,672 31,154
Cash and cash equivalents, end of period $ 45,151 $ 112,159 $ 32,672