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Condensed Consolidated and Combined Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 829 $ 17,548
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 11,876 5,758
Share-based compensation expense 6,495 0
Loss on extinguishment of debt 6,933 0
Amortization of debt issue costs 291 74
Deferred income taxes 66 31
Loss on derivative instruments, net 612 914
Net cash received (paid) for derivative settlements 238  
Net cash received (paid) for derivative settlements   (365)
Gain on sale of equity securities 0 (823)
Bad debt expense 293 0
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 185 (6,146)
Decrease (increase) in other current assets 1,268 (496)
Increase in other deferred charges 0 (427)
Increase (decrease) in accounts payable and accrued liabilities 481 (1,169)
Net cash provided by operating activities 29,567 14,899
Cash flows from investing activities    
Acquisitions of oil and gas properties (81,053) (105,041)
Additions to other fixed assets (113) (334)
Proceeds from sale of oil and gas properties, net 2,001 125
Changes in restricted cash held in escrow for acquisitions 33 (3,953)
Net cash (used in) provided by investing activities (79,132) (109,203)
Cash flows from financing activities    
Repayments of short-term debt (4,596) 0
Repayments of long-term debt (195,404) 0
Borrowings of long-term debt 25,000 43,000
Payment of debt extinguishment fees (2,090) 0
Proceeds from issuance of Class A common stock sold in initial public offering, net of offering costs 278,541 0
Capital contributions 0 46,011
Loan closing costs (1,144) (3)
Net cash provided by (used in) financing activities 100,307 89,008
Increase (decrease) in cash and cash equivalents 50,742 (5,296)
Cash and cash equivalents, beginning of period 31,985 6,886
Cash and cash equivalents, end of period 82,727 1,590
Supplemental disclosure of non-cash activity:    
Equity securities distributed 0 4,246
Accrued capital expenditures 1,679 43
Capitalized share-based compensation expense 1,010 0
Increase (decrease) in temporary equity for adjustment to fair value, with offsetting decrease (increase) in additional paid-in capital   0
Supplemental cash flow information:    
Cash interest payments 5,490 1,081
Cash paid for taxes $ 283 $ 84