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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2018
Aug. 13, 2018
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) $ 64,122 $ (92,754) $ (52,417) $ 96,889
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Deferred and non-current income taxes 29,079 1,052 (9,409) 28,026
Exploration 0 0 27 0
Loss (gain) on sale of oil and gas properties (155) 35,438 (17) 25
Depreciation, depletion and amortization 53,944 68,032 417,112 276,526
Gain from derivative financial instruments (10,465) (881) (9,951) (51,735)
Cash settlements of derivative financial instruments (5,579) 2,842 134,496 52,684
Amortization of debt discount, premium and issuance costs 2,404 29,457 34,038 16,274
Interest paid in-kind 0 25,004 0 0
Stock-based compensation 994 3,912 6,464 4,020
Loss on extinguishment of debt 0 0 861 0
Decrease (increase) in accounts receivable (61,048) 2,834 34,555 3,220
Decrease (increase) in other current assets (12,527) 337 7,019 9,823
Increase in accounts payable and accrued expenses 41,533 10,462 12,923 15,485
Net cash provided by operating activities 102,302 85,735 575,701 451,237
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisition of Covey Park Energy LLC, net of cash acquired 0 0 0 (693,869)
Capital expenditures (169,786) (150,106) (509,690) (486,781)
Advance payments for drilling costs (5,644) (3,692) (1,795) 9,336
Proceeds from sales of oil and gas properties 13,796 103,593 287 475
Net cash used for investing activities (161,634) (50,205) (511,198) (1,170,839)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Borrowings 450,000 865,577 157,000 927,000
Issuances of senior notes 0 0 751,500 0
Payments to retire debt (1,291,352) (49,679) (907,000) (127,000)
Repayment of Covey Park Energy LLC preferred equity 0 0 0 (533,390)
Issuance of common stock 0 0 206,626 300,000
Issuance of Series B Convertible Preferred Stock 0 0 0 175,000
Redemption of Series A Preferred Convertible Stock 0 0 (210,000) 0
Preferred stock dividends paid 0 0 (25,580) (17,832)
Jones Contribution 40,736 0 0 0
Debt and stock issuance costs (6,351) (18,127) (24,617) (8,617)
Income tax withholdings related to equity awards (4,695) (369) (692) (220)
Net cash provided by (used for) financing activities (811,662) 797,402 (52,763) 714,941
Net increase (decrease) in cash and cash equivalents (870,994) 832,932 11,740 (4,661)
Cash and cash equivalents, beginning of the year 894,187 61,255 18,532 23,193
Cash and cash equivalents, end of the year $ 23,193 $ 894,187 $ 30,272 $ 18,532