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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES        
NET INCOME (LOSS) $ 13,695 $ 17,357 $ (1,910,995) $ 71,373
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation, depletion and amortization 44,731 143,894 238,273 385,942
Amortization of intangible assets 3,626 3,626 10,879 10,879
Exploration expense, non-cash     561,629 536
Impairment of oil and natural gas properties 0 0 1,381,258 0
Asset retirement obligation accretion 1,501 1,394 4,403 4,095
Amortization of deferred financing costs     2,710 2,644
Loss on derivatives, net 2,208 0 2,208 0
Deferred tax expense (benefit) 0 3,414 (77,834) 11,765
Stock based compensation     8,871 8,376
Other     (2,059) (512)
Changes in operating assets and liabilities:        
Accounts receivable     44,532 (6,937)
Accounts payable     (15,953) 16,034
Accrued liabilities     (15,468) (22,379)
Drilling advances     (174) 10,205
Other assets and liabilities, net     (1,281) (3,410)
Net cash provided by operating activities     230,999 488,611
CASH FLOWS FROM INVESTING ACTIVITIES        
Acquisition of EnerVest properties     0 4,250
Acquisitions, other     (73,702) (93,221)
Additions to oil and natural gas properties     (157,325) (351,467)
Changes in working capital associated with additions to oil and natural gas properties     (18,972) (13,392)
Other investing     (842) (247)
Net cash used in investing activities     (250,841) (454,077)
CASH FLOW FROM FINANCING ACTIVITIES        
Contributions from noncontrolling interest owners     0 7,301
Distributions to noncontrolling interest owners     (594) (716)
Class A Common Stock repurchases     (12,962) (9,722)
Other financing activities     (702) (2,666)
Net cash used in financing activities     (14,258) (5,803)
NET CHANGE IN CASH AND CASH EQUIVALENTS     (34,100) 28,731
Cash and cash equivalents – Beginning of period     182,633 135,758
Cash and cash equivalents – End of period 148,533 164,489 148,533 164,489
Supplemental non-cash operating activity:        
Cash paid (received) for income taxes     (724) 390
Cash paid for interest     25,445 25,687
Supplemental non-cash investing and financing activity:        
Accruals or liabilities for capital expenditures     21,750 37,241
Equity issuances in connection with acquisitions     0 33,693
Non-cash deemed dividend related to warrant exchange $ 0 $ 2,763 0 2,763
Supplemental non-cash lease operating activity:        
Right-of-use assets obtained in exchange for operating lease obligations     $ 5,500 $ 6,720