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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ (22,576) $ (596,544)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 213,259 283,722
Stock-based compensation expense - equity awards 32,299 16,164
Stock-based compensation expense - liability awards 19,950 0
Impairment and abandonment expense 26,111 650,629
Deferred tax expense (benefit) 0 (85,124)
Net (gain) loss on sale of long-lived assets 254 (388)
Non-cash portion of derivative (gain) loss 61,490 (1,103)
Amortization of debt issuance costs and debt discount 3,935 4,112
(Gain) loss on extinguishment of debt 22,156 (143,443)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (42,998) 48,139
(Increase) decrease in prepaid and other assets 1,803 (2,825)
Increase (decrease) in accounts payable and other liabilities 17,449 (43,107)
Net cash provided by operating activities 333,132 130,232
Cash flows from investing activities:    
Acquisition of oil and natural gas properties (4,285) (7,689)
Drilling and development capital expenditures (215,358) (300,660)
Purchases of other property and equipment (686) (1,035)
Proceeds from sales of oil and natural gas properties 4,011 1,375
Net cash used in investing activities (216,318) (308,009)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 450,000 490,000
Repayment of borrowings under revolving credit facility (575,000) (310,000)
Proceeds from issuance of convertible senior notes 170,000 0
Debt issuance costs (6,421) (6,650)
Premiums paid on capped call transactions (14,688) 0
Repayments of Senior Debt (127,073) 0
Proceeds from Stock Options Exercised 15 0
Restricted stock used for tax withholdings (14,459) (598)
Net cash (used in) provided by financing activities (117,626) 172,752
Net increase (decrease) in cash, cash equivalents and restricted cash (812) (5,025)
Cash, cash equivalents and restricted cash, beginning of period 8,339 15,543
Cash, cash equivalents and restricted cash, end of period 7,527 10,518
Supplemental cash flow information    
Cash paid for interest 40,548 48,331
Supplemental non-cash activity    
Accrued capital expenditures included in accounts payable and accrued expenses 44,591 13,593
Asset retirement obligations incurred, including revisions to estimates 110 579
Senior Secured Notes issued in the debt exchange, net of debt discount 0 106,030
Restricted Cash and Cash Equivalents [Abstract]    
Cash and cash equivalents 4,985 5,177
Restricted cash(1) [1] 2,542 5,341
Total cash, cash equivalents and restricted cash 7,527 10,518
Senior Notes Due 2026 | Senior Notes    
Supplemental non-cash activity    
Notes Reduction 0 108,632
Senior Notes Due 2027 | Senior Notes    
Supplemental non-cash activity    
Notes Reduction $ 0 $ 140,840
[1] Included in Prepaid and other current assets and Other noncurrent assets line items in the consolidated balance sheets.