XML 40 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 4,917 $ (103,540)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 23,012 23,715
Derivative (gains) losses (78,380) 51,016
Impairment of oil and gas assets 71,371 49,722
Impairment of other assets 153 0
(Gain) loss on sale of assets (102) 1
Other 2,338 542
Change in assets and liabilities    
Accounts receivable 4,835 7,910
Inventories 675 207
Prepaid expenses and other assets (1,011) 256
Accounts payable and accrued liabilities (14,870) (16,689)
Revenue distribution payable (619) (5,511)
Deferred compensation 564 925
Net cash provided by operating activities 12,883 8,554
Cash flows from investing activities    
Expenditures for property, plant, and equipment and oil and natural gas properties (49,053) (64,044)
Proceeds from asset dispositions 3,209 0
Proceeds from derivative instruments, net 9,174 515
Net cash used in investing activities (36,670) (63,529)
Cash flows from financing activities    
Proceeds from long-term debt 15,000 30,000
Repayment of long-term debt (313) (171)
Principal payments under financing lease obligations (105) (699)
Payment of debt issuance costs and other financing fees (93) (20)
Treasury stock purchased (6) (463)
Net cash provided by financing activities 14,483 28,647
Net decrease in cash and cash equivalents (9,304) (26,328)
Cash and cash equivalents, at beginning of period 22,595 37,446
Cash and cash equivalents, at end of period $ 13,291 $ 11,118