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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:        
Net loss $ (222,995) $ (89,252) $ (474,264) $ (501,147)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 204,714 180,856 371,674 414,345
Impairment 8,750 8,750 17,500 998,513
Stock-based compensation expense     9,693 11,273
Net derivative (gain) loss 370,348 167,200 715,037 (378,140)
Derivative settlement gain (loss)     (266,707) 215,965
Amortization of debt discount and deferred financing costs     9,445 8,578
(Gain) loss on extinguishment of debt 2,144 (227,281) 2,144 (239,476)
Deferred income taxes (162) (36,921) (214) (136,268)
Other, net     (13,377) (3,918)
Net change in working capital     31,092 (57,254)
Net cash provided by operating activities     402,023 332,471
Cash flows from investing activities:        
Capital expenditures     (370,177) (310,209)
Other, net     221 92
Net cash used in investing activities     (369,956) (310,117)
Cash flows from financing activities:        
Proceeds from revolving credit facility     944,000 841,000
Repayment of revolving credit facility     (984,500) (770,500)
Net proceeds from Senior Notes     393,583 0
Cash paid to repurchase Senior Notes     (385,296) (81,826)
Debt issuance costs related to 10.0% Senior Secured Notes due 2025     0 (10,491)
Net proceeds from sale of common stock     1,315 947
Dividends paid     (1,178) (1,130)
Other     (1) (354)
Net cash used in financing activities     (32,077) (22,354)
Net change in cash, cash equivalents, and restricted cash     (10) 0
Cash, cash equivalents, and restricted cash at beginning of period     10 10
Cash, cash equivalents, and restricted cash at end of period $ 0 $ 10 0 10
Supplemental Cash Flow Information - Operating activities:        
Cash paid for interest, net of capitalized interest     (74,864) (82,313)
Supplemental Cash Flow Information - Investing activities:        
Increase (decrease) in capital expenditure accruals and other     28,987 (28,896)
Supplemental Cash Flow Information - Investing activities:        
Non-cash investing and financing activities (1) [1]    
[1] (1)    Please refer to Note 5 - Long-Term Debt for discussion of the debt transactions executed during the six months ended June 30, 2021, and 2020.