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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
May 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:        
Net income (loss)   $ 23,969    
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:        
Accretion expense on obligations   5,420    
Depreciation, depletion and amortization   16,012    
Share-based compensation cost   1,227    
Impairment of oil and natural gas properties   3,065    
(Gain) loss on sales of oil and natural gas properties   (697)    
Loss on equity securities   11,130    
(Gain) loss on derivatives, net   (16,962)    
Cash settlements of matured derivatives contracts   (5,824)    
Other   1,020    
Changes in operating assets and liabilities:        
Accounts receivable   7,823    
Other current assets   (53)    
Accounts payable and accrued liabilities $ (2,177) (513)    
Other, net   (60)    
Net cash flows provided by operating activities   45,557    
Cash flows from investing activities:        
Additions to oil and natural gas properties   (27,368)    
Reimbursements related to oil and natural gas properties   1,294    
Proceeds from sale of oil and natural gas properties   140,324    
Other   29    
Net cash flows provided by (used in) investing activities   114,279    
Cash flows from financing activities:        
Repayment of long-term debt borrowings   (182,000)    
Purchase of treasury stock   (247)    
Contributions from general partner 40      
Other   (8)    
Net cash flows provided by (used in) financing activities   (182,255)    
Increase (decrease) in cash, cash equivalents and restricted cash   (22,419)    
Cash, cash equivalents and restricted cash – beginning of period   28,732    
Cash, cash equivalents and restricted cash – end of period 28,732 6,313    
Predecessor        
Cash flows from operating activities:        
Net income (loss) (610,525)   $ (134,201) $ (242,895)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:        
Amortization of volumetric production payment liability       (4,108)
Accretion expense on obligations 3,176   7,653 8,225
Depreciation, depletion and amortization 46,196   96,901 119,171
Share-based compensation cost 3,784   4,266 6,611
Impairment of oil and natural gas properties 3   93,607 131,260
(Gain) loss on sales of oil and natural gas properties 5   (981) (69)
(Gain) loss on derivatives, net (444)   (22,854) 35,950
Cash settlements of matured derivatives contracts 3,099   (2,235) 54,884
Gain on early extinguishment of debt       (47,695)
Deferred taxes       (404)
Reorganization items, net 573,304      
Other 248   1,411 2,523
Changes in operating assets and liabilities:        
Accounts receivable (3,518)   (2,670) (11,403)
Other current assets 1,853   (1,585) (361)
Accounts payable and accrued liabilities 4,405   (6,783) (5,862)
Income taxes       (11,657)
Other, net 69   (829) (295)
Net cash flows provided by operating activities 21,655   31,700 33,875
Cash flows from investing activities:        
Acquisition of oil and natural gas properties     (61,400)  
Additions to oil and natural gas properties (29,727)   (27,268) (15,258)
Reimbursements related to oil and natural gas properties 652   2,517  
Proceeds from sale of oil and natural gas properties 3   3,654 54,509
Cash settlements from acquired derivative contracts       3,003
Other 26   60 56
Net cash flows provided by (used in) investing activities (29,046)   (82,437) 42,310
Cash flows from financing activities:        
Repayment of long-term debt borrowings     (28,000) (57,000)
Long-term debt borrowings 34,000   26,000 57,000
Redemption of 8% Senior Notes due 2019       (34,978)
Loan costs incurred (2,813)     (121)
Contributions from general partner 40      
Distributions       (3,868)
Net cash flows provided by (used in) financing activities 31,227   (2,000) (38,967)
Increase (decrease) in cash, cash equivalents and restricted cash 23,836   (52,737) 37,218
Cash, cash equivalents and restricted cash – beginning of period 4,896 $ 28,732 57,633 20,415
Cash, cash equivalents and restricted cash – end of period $ 28,732   $ 4,896 $ 57,633