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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income (loss) $ (69,642) $ 74,016
Adjustments to reconcile net income (loss) to cash flows from operating activities    
Depletion, depreciation, and amortization 39,450 96,862
Write-down of oil and natural gas properties 14,377 72,541
Deferred income taxes (51) (4,209)
Stock-based compensation 17,680 2,453
Commodity derivatives expense (income) 115,743 (146,771)
Receipt (payment) on settlements of commodity derivatives (38,453) 24,638
Gain on debt extinguishment 0 (18,994)
Debt issuance costs and discounts 685 4,926
Other, net 727 (673)
Changes in assets and liabilities, net of effects from acquisitions    
Accrued production receivable (36,750) 66,937
Trade and other receivables 865 (22,914)
Other current and long-term assets (2,542) 2,539
Accounts payable and accrued liabilities (1,402) (72,607)
Oil and natural gas production payable 12,795 (15,948)
Other liabilities (826) (954)
Net cash provided by operating activities 52,656 61,842
Cash flows from investing activities    
Oil and natural gas capital expenditures (19,627) (46,016)
Acquisitions of oil and natural gas properties (10,665) (42)
Pipelines and plants capital expenditures (458) (6,294)
Net proceeds from sales of oil and natural gas properties and equipment 3 40,543
Other (2,916) (4,479)
Net cash used in investing activities (33,663) (16,288)
Cash flows from financing activities    
Bank repayments (202,000) (161,000)
Bank borrowings 207,000 161,000
Interest payments treated as a reduction of debt 0 (18,211)
Cash paid in conjunction with debt repurchases 0 (14,171)
Pipeline financing debt repayments (16,509) (3,690)
Other (3,013) (2,953)
Net cash used in financing activities (14,522) (39,025)
Net increase in cash, cash equivalents, and restricted cash 4,471 6,529
Cash, cash equivalents, and restricted cash at beginning of period 42,248 33,045
Cash, cash equivalents, and restricted cash at end of period $ 46,719 $ 39,574