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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 ACTIVITIES:      
Net income (loss) $ (553,828) $ (39,767) $ 117,848
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, and amortization 275,573 243,605 209,257
Impairments (Note 3) 625,716 147,884 0
Amortization of debt issuance costs and debt discount (Note 8) 2,241 2,198 2,159
(Gain) loss on derivatives (Note 14) (4,225) 3,184 (14,732)
Derivative Instruments Not Designated Amount Paid (Received) During Period 16,196 (22,803) 173
(Gain) loss on disposition of assets 3,502 (704) (327)
Deferred tax benefit (Note 10) (131,045) (10,865) (57,683)
Employee stock compensation plans 12,932 22,899 17,747
Bad debt expense 527 81 348
ARO liability accretion (Note 9) 2,343 2,393 2,886
Contract assets and liabilities, net (Note 4) 2,577 4,970 0
Other, net 1,766 2,032 (865)
Changes in operating assets and liabilities increasing (decreasing) cash:      
Accounts receivable 33,323 (7,967) (27,941)
Materials and supplies 24 32 2,835
Prepaid expenses and other 195 (4,950) 1,527
Accounts payable (15,558) 28,013 8,192
Accrued liabilities 3,142 (5,465) 6,996
Income taxes 298 (1,993) 38
Contract advances (1,149) (90) 1,630
Net cash provided by operating activities 269,396 352,747 270,088
INVESTING ACTIVITIES:      
Capital expeditures (406,665) (446,282) (255,553)
Producing property and other oil and natural gas acquisitions (3,653) (29,970) (58,026)
Payments to Acquire Other Property, Plant, and Equipment (16,109) 0 0
Proceeds from disposition of property and equipment 31,864 25,910 21,713
Other 0 0 (1,500)
Net cash used in investing activities (394,563) (450,342) (293,366)
FINANCING ACTIVITIES:      
Borrowings under line of credit 493,500 99,100 343,900
Payments under line of credit (368,800) (277,100) (326,700)
Payments on finance leases (4,001) (3,843) (3,694)
Proceeds from common stock issued, net of issue costs (Note 19) 0 0 18,623
Proceeds from investments of non-contolling interests 0 300,000 0
Payments Related to Tax Withholding for Share-based Compensation (4,158) (4,988) (4,132)
Transaction costs associated with sale of non-controlling interest 0 (2,503) 0
Payments to Noncontrolling Interests (918) 0 0
Bank overdrafts (Note 3) 3,663 (7,320) (4,911)
Net cash provided by financing activities 119,286 103,346 23,086
Net increase (decrease) in cash and cash equivalents (5,881) 5,751 (192)
Cash and cash equivalents, beginning of year 6,452 701 893
Cash and cash equivalents, end of year 571 6,452 701
Supplemental disclosure of cash flow information:      
Interest paid (net of capitalization) 33,694 34,535 33,931
Income taxes 273 3,600 0
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment 54,549 (18,119) (20,574)
Non-cash reductions to oil and natural gas properties related to asset retirement obligations $ (76) $ 7,629 $ 3,613