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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net (loss) income including noncontrolling interest $ (508,702) $ 72,769
Adjustments to reconcile net (loss) income to net cash provided by continuing operations activities:    
Loss (income) from discontinued operations 4,862 (49,846)
Depreciation, depletion and amortization 306,102 229,406
Previously suspended exploration costs 97 13,251
Amortization of undeveloped leases 7,478 8,045
Accretion of asset retirement obligations 9,966 9,340
Impairment of assets 967,530 0
Deferred income tax (benefit) charge (81,373) 15,589
Mark to market (gain) loss on contingent consideration (59,151) 13,530
Mark to market (gain) loss on crude contracts (358,302) 0
Long-term non-cash compensation 9,805 22,388
Net decrease (increase) in noncash operating working capital 107,827 (98,505)
Other operating activities, net (13,482) (18,770)
Net cash provided by continuing operations activities 392,657 217,197
Investing Activities    
Property additions and dry hole costs (354,834) (270,338)
Property additions for King's Quay FPS (21,296) 0
Net cash required by investing activities (376,130) (270,338)
Financing Activities    
Borrowings on revolving credit facility 170,000 0
Capital lease obligation payments (168) (160)
Debt issuance, net of cost (613) 0
Early retirement of debt (3,570) 0
Withholding tax on stock-based incentive awards (7,094) (6,991)
Distributions to noncontrolling interest (32,399) (18,437)
Cash dividends paid (38,392) (43,398)
Net cash provided (required) by financing activities 87,764 (68,986)
Cash Flows from Discontinued Operations    
Operating activities [1] (1,202) 123,469
Investing activities [1] 4,494 (26,438)
Financing activities [1] 0 (2,547)
Net cash provided by discontinued operations [1] 3,292 94,484
Cash transferred from discontinued operations to continuing operations 0 46,080
Effect of exchange rate changes on cash and cash equivalents (3,298) 2,405
Net increase (decrease) in cash and cash equivalents 100,993 (73,642)
Cash and cash equivalents at beginning of period 306,760 359,923
Cash and cash equivalents at end of period $ 407,753 $ 286,281
[1] Net cash provided by discontinued operations are not part of the cash flow reconciliation.