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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 95,213 $ (44,733)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairment of proved and unproved oil and gas properties 4,581 72,191
Depreciation, depletion and amortization 47,568 36,915
Accretion of asset retirement obligations 169 434
Gain on sale of oil and gas properties, net (1,919) (9,105)
Settlement of asset retirement obligations (79) (9)
Total (gain) loss on derivative contracts, net (60,947) 7,986
Operating portion of net cash paid in settlement of derivative contracts (15,090) (708)
Stock-based compensation 7,071 6,601
Deferred income taxes 2,470 (16,388)
Write-off of deferred financing costs 0 526
Amortization of deferred financing costs 325 257
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (8,195) 444
(Increase) decrease in prepaid expenses and other current assets (376) (335)
Increase (decrease) in accounts payable and accrued expenses 1,132 (282)
Increase (decrease) in revenues and royalties payable 31,869 (2,888)
Increase (decrease) in advances (1,413) 45
Net cash provided by operating activities 102,379 50,951
Cash flows from investing activities:    
Acquisition of oil and gas properties (32,551) (55,609)
Additions to oil and gas properties (149,999) (65,262)
Additions to office and other equipment (170) (167)
Proceeds from sale of oil and gas properties 5,965 34,735
Net cash used in investing activities (176,755) (86,303)
Cash flows from financing activities:    
Proceeds from borrowings 156,830 85,000
Repayments of borrowings (103,002) (74,298)
Cash paid related to the exchange and cancelation of Common Stock (1,524) (675)
Deferred financing costs (507) (1,358)
Issuance of Class A Common Stock, net of offering costs of $2.2 million 0 39,438
Net cash provided by financing activities 51,797 48,107
Net increase (decrease) in cash and cash equivalents (22,579) 12,755
Cash at beginning of period 22,955 10,200
Cash at end of period 376 22,955
Cash paid for:    
Interest 2,290 2,495
Non-cash investing and financing activities:    
Accrued capital expenditures 22,801 19,883
Asset retirement obligations 252 (42)
Bold Contribution Agreement | Class B Common Stock    
Non-cash investing and financing activities:    
Common stock issued 0 489,842
Bold Contribution Agreement | Class A Common Stock    
Non-cash investing and financing activities:    
Common stock issued $ 0 $ 2,037