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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:        
Net income (loss) $ 564 $ 4,008 $ 14,227 $ (50,230)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Impairment expense 833 92 833 66,740
Depreciation, depletion and amortization 12,842 10,330 33,362 28,258
Accretion of asset retirement obligations 44 72 128 378
Settlement of asset retirement obligations     (79) 0
Gain on sale of oil and gas properties (4,096) (2,157) (4,608) (3,848)
Total loss (gain) on derivative contracts, net 17,481 3,663 33,606 (4,137)
Operating portion of net cash paid in settlement of derivative contracts     (13,643) 229
Stock-based compensation     5,535 4,645
Deferred income taxes     119 (10,046)
Write-off of deferred financing costs 0 0 0 526
Amortization of deferred financing costs 100 100 228 195
Changes in assets and liabilities:        
(Increase) decrease in accounts receivable     (1,476) 6,964
Increase in prepaid expenses and other current assets     (372) (455)
Increase (decrease) in accounts payable and accrued expenses     3,939 (11,522)
Increase (decrease) in revenues and royalties payable     26,572 (4,019)
Increase (decrease) in advances     (1,816) 506
Net cash provided by operating activities     96,555 24,184
Cash flows from investing activities:        
Bold Contribution Agreement, net of cash acquired     0 (55,609)
Additions to oil and gas properties     (120,124) (29,958)
Additions to office and other equipment     (121) (139)
Proceeds from sales of oil and gas properties     5,840 5,054
Net cash used in investing activities     (114,405) (80,652)
Cash flows from financing activities:        
Proceeds from borrowings     70,308 70,000
Repayments of borrowings     (60,308) (11,193)
Cash paid related to the exchange and cancellation of Class A Common Stock     (1,402) (324)
Deferred financing costs     (274) (1,168)
Net cash provided by financing activities     8,324 57,315
Net (decrease) increase in cash     (9,526) 847
Cash at beginning of period     22,955 10,200
Cash at end of period $ 13,429 $ 11,047 13,429 11,047
Cash paid for:        
Interest     1,480 1,555
Non-cash investing and financing activities:        
Accrued capital expenditures     11,314 19,519
Asset retirement obligations     (120) 83
Class A Common Stock        
Non-cash investing and financing activities:        
Common stock issued in Bold Contribution Agreement     0 2,037
Class B Common Stock        
Non-cash investing and financing activities:        
Common stock issued in Bold Contribution Agreement     $ 0 $ 489,842