XML 51 R6.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 174,351 $ 131,422
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 84,933 88,135
Accretion of asset retirement obligations 829 820
Amortization of deferred charges 779 653
(Gain) loss on commodity derivative instruments (12,294) 68,194
Net cash (paid) received on settlement of commodity derivative instruments 18,320 (20,461)
Equity-based compensation 16,906 24,947
Exploratory dry hole expense 3 6,784
Deferred rent   802
(Gain) loss on sale of assets, net 0 (2)
Changes in operating assets and liabilities:    
Accounts receivable 28,454 (29,989)
Prepaid expenses and other current assets (471) 7
Accounts payable, accrued liabilities, and other (5,172) 18,515
Settlement of asset retirement obligations (328) (108)
NET CASH PROVIDED BY OPERATING ACTIVITIES 306,310 289,719
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of oil and natural gas properties (42,969) (106,390)
Additions to oil and natural gas properties (63,606) (119,676)
Additions to oil and natural gas properties leasehold costs (933) (4,639)
Purchases of other property and equipment (2,452) (15)
Proceeds from the sale of oil and natural gas properties 550 8,390
Proceeds from farmouts of oil and natural gas properties 60,577 78,605
NET CASH USED IN INVESTING ACTIVITIES (48,833) (143,725)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common units, net of offering costs (43) 38,369
Distributions to noncontrolling interests 0 (161)
Distribution equivalents paid (2,982) 0
Redemptions of Series A redeemable preferred units 0 (2,115)
Borrowings under credit facility 252,500 264,500
Repayments under credit facility (249,500) (250,500)
Debt issuance costs and other 0 (754)
NET CASH USED IN FINANCING ACTIVITIES (260,925) (147,195)
NET CHANGE IN CASH AND CASH EQUIVALENTS (3,448) (1,201)
CASH AND CASH EQUIVALENTS – beginning of the period 5,414 5,642
CASH AND CASH EQUIVALENTS – end of the period 1,966 4,441
SUPPLEMENTAL DISCLOSURE    
Interest paid 15,854 14,607
Common and Subordinated Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders (228,234) (174,348)
Repurchases of common and subordinated units (16,916) (9,071)
Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders 0 (690)
Series B cumulative convertible preferred units on an as-converted basis | Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders $ (15,750) $ (12,425)