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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities:    
Net income $ 26,562 $ 86,515
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of assets   (41,382)
Unrealized (gain) loss on hedging activities   1,151
Amortization of royalty interests in oil and natural gas properties 9,624 14,753
Depreciation of property and equipment 46  
Accretion of asset retirement obligation   7
Amortization of debt issuance costs 482 296
Stock-based compensation 1,830  
Deferred income taxes 2,302 1,061
Cash paid to settle derivatives   (1,151)
Changes in operating assets and liabilities    
Accounts receivable 3,242 1,067
Prepaid expenses 232 (616)
Other assets 10
Accounts payable and accrued expenses 1,454 (4,752)
Other liabilities 476 (147)
Net cash provided by operating activities 46,260 56,802
Cash flows from investing activities:    
Additions to oil and natural gas properties   (523)
Purchase of property and equipment (542)  
Cash acquired in the Transaction   2,920
Proceeds from the sale of assets   121,130
Acquisition of oil and natural gas properties (20,903)  
Net cash provided by (used in) investing activities (21,445) 123,527
Cash flows from financing activities:    
Distributions to partners   (143,788)
Distribution of subsidiaries   (7,124)
Proceeds from credit facility 30,000  
Repayments of long-term debt (13,000) (27,000)
Deferred financing fees   (8)
Dividends paid (24,089)  
Distributions to non-controlling interests (22,302)  
Distribution equivalent rights paid (114)  
Net cash used in financing activities (29,505) (177,920)
Net increase (decrease) in cash and cash equivalents (4,690) 2,409
Cash and cash equivalents, beginning of period 7,317 10,497
Cash and cash equivalents, end of period 2,627 12,906
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,356 1,245
Cash paid for income taxes $ 1,260 450
Non-cash investing and financing activities:    
Credit facility prior to the transaction   38,000
Deferred financing prior to the Transaction   3,214
Deferred tax asset related to the Transaction   60,603
Accounts payable related to property and equipment   $ 229