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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 Lease, Payments $ 16,774 $ 0 $ 0
Operating Lease, Payments, Use 20,905 0 0
Cash flows from operating activities:      
Net income 16,414 212,736 83,555
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 444,243 326,462 161,628
Stock-based compensation expense 28,997 20,670 13,759
Impairment and abandonment expense 47,245 11,136 (29)
Exploratory dry hole costs 0 528 5,658
Deferred tax expense 5,797 59,440 29,930
Net (gain) loss on sale of long-lived assets 857 (475) (8,796)
Non-cash portion of derivative (gain) loss (4,094) 5,274 (5,805)
Amortization of debt issuance costs and discount 2,861 1,749 887
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (10,098) (33,001) (43,553)
(Increase) decrease in prepaid and other assets (1,882) (1,168) (4,088)
Increase (decrease) in accounts payable and other liabilities 33,833 66,660 26,772
Net cash provided by operating activities 564,173 670,011 259,918
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (103,709) (212,513) (435,547)
Drilling and development capital expenditures (855,153) (998,242) (574,334)
Purchases of other property and equipment (8,857) (6,058) (4,921)
Proceeds from sales of oil and natural gas properties 34,730 148,149 22,496
Net cash used in investing activities (932,989) (1,068,664) (992,306)
Cash flows from financing activities:      
Issuance of Class A common stock 0 0 340,750
Underwriting discount and offering costs 0 0 (7,291)
Proceeds from borrowings under revolving credit facility 595,000 475,000 275,000
Repayment of borrowings under revolving credit facility (720,000) (175,000) (275,000)
Proceeds from issuance of Senior Notes 496,175 0 400,000
Proceeds from exercise of stock options 0 982 877
Restricted stock used for tax withholdings (1,038) (1,665) (644)
Debt issuance costs (7,200) (5,157) (9,472)
Net cash provided by financing activities 362,937 294,160 724,220
Net increase (decrease) in cash, cash equivalents and restricted cash (5,879) (104,493) (8,168)
Cash, cash equivalents and restricted cash, beginning of period 21,422 125,915 134,083
Cash, cash equivalents and restricted cash, end of period 15,543 21,422 125,915
Supplemental cash flow information      
Cash paid for interest 48,905 18,284 4,280
Supplemental non-cash activity      
Accrued capital expenditures included in accounts payable and accrued expenses 97,090 119,492 126,480
Asset retirement obligations incurred, including revisions to estimates 2,262 1,451 4,044
Restricted Cash and Cash Equivalents [Abstract]      
Total cash, cash equivalents and restricted cash 15,543 21,422 134,083
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 34,833 $ 0 $ 0