XML 14 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (115,300) $ (34,098)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 35,329 24,585
Amortization of debt issuance costs 1,338 1,255
Impairment of oil and gas properties 289,085 0
Stock-based compensation expense 2,922 1,474
Deferred income taxes 26,347 (13,098)
Increase in allowance for doubtful accounts 1,200 427
Other operating expenses 1,575 1,245
Derivative activities:    
Total (gains) losses (199,194) 63,124
Cash settlements on derivatives 19,625 14,904
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 22,074 (6,084)
Increase in other assets (331) (717)
Decrease in accounts payable and accrued expenses (29,179) (29,854)
Decrease in other liabilities (11,008) (2,066)
Net cash provided by operating activities 44,483 21,097
Capital expenditures:    
Development of oil and natural gas properties (45,542) (47,679)
Purchases of other property and equipment (1,227) (1,419)
Changes in capital investment accruals 3,533 (3,693)
Other 198 0
Net cash used in investing activities (43,038) (52,791)
Cash flows from financing activities:    
Borrowings under RBL credit facility 124,100 15,350
Repayments on RBL credit facility (115,000) (15,350)
Dividends paid on common stock (9,750) (9,813)
Purchase of treasury stock 0 (25,241)
Shares withheld for payment of taxes on equity awards and other (794) (270)
Net cash used in financing activities (1,444) (35,324)
Net increase (decrease) in cash and cash equivalents 1 (67,018)
Cash and cash equivalents:    
Beginning 0 68,680
Ending $ 1 $ 1,662