XML 31 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 12 Months Ended
Feb. 08, 2018
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2018
Jun. 30, 2019
Dec. 31, 2018
Net income (loss)   $ 11,599 $ (22,666) $ (56,420) $ (5,836)  
Cash flows from operating activities:            
Net loss   2,245 (6,600) (19,930) (6,162)  
Adjustments to reconcile net loss to cash from operating activities:            
Depreciation, depletion and amortization       49,613 75,908  
Non-cash lease expense       0 1,675  
Provision for uncollectible receivables       0 1,177  
Impairment of assets       0 6,500  
Amortization of deferred financing costs       152 368  
Amortization of debt premium       (2,051) (2,462)  
Equity-based compensation expense   840 4,263 7,729 3,519  
Non-cash exploration expense       7,288 388  
(Gain) loss on derivatives   (12,412) 29,219 51,230 11,365  
Cash settlements of derivatives       18,334 (909)  
Premium paid on derivatives       0 (1,000)  
Interest converted into debt       0 0  
Interest added to notes receivable from affiliate       (417) 0  
Deferred tax provision (benefit)       (7,665) 0  
Loss on sale of fixed assets       63 114  
Equity in earnings of unconsolidated subsidiaries   (643) 0 0 (742)  
Impact on cash from changes in:            
Accounts receivable       (9,143) 13,744  
Other receivables       996 2,696  
Related party receivables       (6,260) 179  
Prepaid expenses and other assets       8,116 (4,426)  
Advances from related party       (10,371) (154)  
Settlement of asset retirement obligations       (806) (5,835)  
Accounts payable, accrued liabilities and other liabilities       (78,542) (12,123)  
Operating lease obligations       0 (1,376)  
Cash from operating activities       (64,822) 84,588  
Cash flows from investing activities:            
Capital expenditures       (340,631) (247,942)  
Acquisitions, net of cash acquired       (791,819) 0  
Proceeds withdrawn from trust account       1,042,742 0  
Investment in equity affiliate and other, net       (6,945) 0  
Cash from investing activities       (96,653) (247,942)  
Cash flows from financing activities:            
Proceeds from long-term debt borrowings       80,000 227,500  
Repayments of long-term debt       (193,565) 0  
Deferred financing costs paid       (3,670) 0  
Capital distributions       0 0  
Proceeds from issuance of Class A shares       400,000 0  
Repayment of sponsor note       (2,000) 0  
Repayment of deferred underwriting compensation       (36,225) 0  
Redemption of Class A common shares       (33) 0  
Cash from financing activities       244,507 227,500  
Net increase in cash, cash equivalents and restricted cash       83,032 64,146  
Cash, cash equivalents and restricted cash, beginning of period       388 27,855  
Cash, cash equivalents and restricted cash, end of period $ 388 $ 92,001 $ 83,420 83,420 $ 92,001 $ 27,855
Predecessor            
Net income (loss) (14,862)          
Cash flows from operating activities:            
Net loss (14,862)          
Adjustments to reconcile net loss to cash from operating activities:            
Depreciation, depletion and amortization 12,554          
Non-cash lease expense 0          
Provision for uncollectible receivables 0          
Impairment of assets 5,560          
Amortization of deferred financing costs 171          
Amortization of debt premium 0          
Equity-based compensation expense 0          
Non-cash exploration expense 4,575          
(Gain) loss on derivatives (6,663)          
Cash settlements of derivatives 2,296          
Premium paid on derivatives 0          
Interest converted into debt 103          
Interest added to notes receivable from affiliate (85)          
Deferred tax provision (benefit) 0          
Loss on sale of fixed assets 1,923          
Equity in earnings of unconsolidated subsidiaries 0          
Impact on cash from changes in:            
Accounts receivable (21,184)          
Other receivables (662)          
Related party receivables (117)          
Prepaid expenses and other assets (591)          
Advances from related party 24,116          
Settlement of asset retirement obligations (63)          
Accounts payable, accrued liabilities and other liabilities 23,857          
Operating lease obligations 0          
Cash from operating activities 26,336          
Cash flows from investing activities:            
Capital expenditures (36,695)          
Acquisitions, net of cash acquired (1,218)          
Proceeds withdrawn from trust account 0          
Investment in equity affiliate and other, net 0          
Cash from investing activities (37,913)          
Cash flows from financing activities:            
Proceeds from long-term debt borrowings 60,000          
Repayments of long-term debt (43,000)          
Deferred financing costs paid 0          
Capital distributions (68)          
Proceeds from issuance of Class A shares 0          
Repayment of sponsor note 0          
Repayment of deferred underwriting compensation 0          
Redemption of Class A common shares 0          
Cash from financing activities 16,932          
Net increase in cash, cash equivalents and restricted cash           5,355
Cash, cash equivalents and restricted cash, beginning of period 4,990     $ 10,345   $ 4,990
Cash, cash equivalents and restricted cash, end of period $ 10,345