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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (199,065,000) $ 50,523,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 108,746,000 75,904,000
Amortization of debt issuance costs 3,990,000 3,786,000
Impairment of oil and gas properties 289,085,000 0
Stock-based compensation expense 11,397,000 6,277,000
Deferred income taxes (702,000) 19,294,000
Increase in allowance for doubtful accounts 1,112,000 427,000
Other operating expenses 2,145,000 4,744,000
Derivative activities:    
Total (gains) losses (160,222,000) 2,796,000
Cash settlements on derivatives 106,975,000 26,731,000
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 21,985,000 (6,690,000)
Increase in other assets (919,000) (2,073,000)
Decrease in accounts payable and accrued expenses (29,882,000) (12,344,000)
Decrease in other liabilities (10,226,000) (5,108,000)
Net cash provided by operating activities 144,419,000 164,267,000
Capital expenditures:    
Development of oil and natural gas properties (58,370,000) (157,281,000)
Purchases of other property and equipment (3,951,000) (12,394,000)
Changes in capital investment accruals (10,347,000) (4,613,000)
Acquisition of properties and equipment and other (2,104,000) (2,819,000)
Proceeds from sale of property and equipment and other 250,000 969,000
Net cash used in investing activities (74,522,000) (176,138,000)
Cash flows from financing activities:    
Proceeds from sale of property and equipment and other 228,900,000 252,182,000
Repayments on RBL credit facility (230,750,000) (242,182,000)
Dividends paid on common stock (19,447,000) (29,431,000)
Purchase of treasury stock 0 (36,139,000)
Shares withheld for payment of taxes on equity awards and other (980,000) (1,239,000)
Net cash used in financing activities (22,277,000) (56,809,000)
Net increase (decrease) in cash and cash equivalents 47,620,000 (68,680,000)
Cash and cash equivalents:    
Beginning 0 68,680,000
Ending $ 47,620,000 $ 0