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Consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (208,100) $ (470,809)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-settled equity-based compensation, net 3,798 4,070
Depletion, depreciation and amortization 78,085 127,876
Impairment expense 1,613 593,147
Mark-to-market on derivatives:    
(Gain) loss on derivatives, net 371,307 (207,299)
Settlements (paid) received for matured derivatives, net (98,781) 134,595
Premiums received (paid) for commodity derivatives 9,041 (51,070)
Amortization of debt issuance costs 2,099 2,274
Amortization of operating lease right-of-use assets 5,764 7,242
Loss on extinguishment of debt 0 13,320
Deferred income tax benefit (2,084) (4,756)
Other, net 2,497 3,341
Changes in operating assets and liabilities:    
Accounts receivable, net (26,633) 16,110
Other current assets (4,412) 2,584
Other noncurrent assets, net (12,649) (3,130)
Accounts payable and accrued liabilities 9,784 6,912
Undistributed revenue and royalties 21,557 (10,526)
Other current liabilities 29,952 12,378
Other noncurrent liabilities 4,859 (4,697)
Net cash provided by operating activities 187,697 171,562
Cash flows from investing activities:    
Acquisitions of oil and natural gas properties, net 0 (23,563)
Capital expenditures:    
Oil and natural gas properties (166,077) (241,939)
Midstream service assets (1,561) (1,761)
Other fixed assets (1,236) (2,069)
Proceeds from dispositions of capital assets, net of selling costs 307 728
Net cash used in investing activities (168,567) (268,604)
Cash flows from financing activities:    
Borrowings on Senior Secured Credit Facility 245,000 0
Payments on Senior Secured Credit Facility (120,000) (100,000)
Issuance of January 2025 Notes and January 2028 Notes 0 1,000,000
Extinguishment of debt 0 (808,855)
Proceeds from issuance of common stock, net of costs 72,492 0
Stock exchanged for tax withholding (1,741) (762)
Payments for debt issuance costs (1,452) (18,451)
Other liabilities 2,798 0
Net cash provided by financing activities 197,097 71,932
Net increase (decrease) in cash, cash equivalents and restricted cash 216,227 (25,110)
Cash, cash equivalents and restricted cash, beginning of period 48,757 40,857
Cash, cash equivalents and restricted cash, end of period [1] $ 264,984 $ 15,747
[1] See Note 1 for further discussion of the Company's cash, cash equivalents and restricted cash.