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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 210,418 $ 445,969 $ 123,920
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 794,740 584,857 352,247
Leasehold abandonments and impairments 99,225 160,834 32,872
Accretion of asset retirement obligations 1,465 1,422 971
(Gain) loss on sale of property (2,095) (6,454) 14,332
Loss on early extinguishment of debt 0 0 3,891
Amortization of bond premium (516) (516) (516)
Deferred income tax expense 61,437 105,475 5,752
Change in TRA liability 0 437 (35,847)
Stock-based compensation expense 20,682 19,877 19,619
Loss (gain) on derivatives 131,212 (50,342) 66,135
Net cash (paid) received for derivative settlements (10,022) 6,279 16,172
Net cash paid for option premiums (46,242) (47,644) (28,426)
Other 9,028 7,762 6,111
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (64,570) (12,956) (95,239)
Accounts receivable—related parties (89) 294 (98)
Other current assets 3,690 (689) 45,417
Other noncurrent assets 524 (100) (536)
Accounts payable and accrued expenses 49,466 (13,395) 122,992
Revenue and severance taxes payable 27,291 17,348 40,465
Increase (Decrease) in Other Noncurrent Liabilities 119 0 0
Net cash provided by operating activities 1,286,279 1,218,974 690,750
CASH FLOWS FROM INVESTING ACTIVITIES:      
Development of oil and natural gas properties (1,373,095) (1,787,673) (1,089,256)
Acquisitions of oil and natural gas properties (52,020) (136,972) (2,192,093)
Additions to other property and equipment (22,915) (93,457) (54,896)
Proceeds from sales of property, plant and equipment 41,326 233,647 30,537
Maturity of short-term investments 0 149,331 0
Purchases of short-term investments 0 0 (149,283)
Other 5,905 41,088 (1,869)
Net cash used in investing activities (1,400,799) (1,594,036) (3,456,860)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under long-term debt 617,000 0 1,152,780
Payments on long-term debt (617,000) (2,888) (74,769)
Finance Lease, Principal Payments (2,746) 0 0
Debt issuance costs 0 (47) (17,371)
Proceeds from issuance of common stock, net 0 0 2,123,344
Purchases of common stock (5,679) (11,014) (354)
Payments of Dividends (18,929) 0 0
Distributions to owner of consolidated subsidiary (603) (1,962) 0
Net cash (used in) provided by financing activities (27,957) (15,911) 3,183,630
Net (decrease) increase in cash and cash equivalents (142,477) (390,973) 417,520
Cash, cash equivalents, and restricted cash at beginning of year 163,216 554,189 136,669
Cash, cash equivalents, and restricted cash at end of year 20,739 163,216 554,189
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for interest (129,387) (127,668) (63,170)
Cash received (paid) for income taxes 302 0 (350)
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:      
Asset retirement obligations incurred, including changes in estimate (4,087) 2,111 15,428
(Reductions) additions to oil and natural gas properties - change in capital accruals (176) (25,455) 118,145
Net premiums paid on options that settled during the period (43,278) (71,566) (37,103)
Common stock issued for oil and natural gas properties 0 0 1,183,501
Gain (Loss) on Contract Termination (13,250) 0 0
Gain (Loss) on Sale of Properties $ 2,095 $ 6,454 $ (14,332)