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Consolidated and Combined Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME $ 21,639 $ 32,815 $ 115,612
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 30,940 13,915 6,955
Share-based compensation expense 10,049 0 0
Loss on extinguishment of debt 6,892 0 0
Amortization of debt issue costs 433 690 121
Deferred income taxes 665 237 295
Loss (gain) on derivative instruments, net 568 (424) 121
Net cash received (paid) for derivative settlements 470 (754) 0
(Gain) loss on sale and distribution of equity securities 0 (823) 4,222
Bad debt expense 669 382 0
(Gain) on sale of oil and gas properties 0 0 (94,551)
Changes in operating assets and liabilities:      
(Increase)/Decrease in accounts receivable (10,246) (8,022) (6,787)
(Increase)/Decrease in other current assets 1,787 (6,116) (44)
Increase/(Decrease) in accounts payable and accrued liabilities 5,112 (484) 3,956
Increase/(Decrease) in other long-term liabilities 47 28 0
Other operating 0 0 (499)
Net cash provided by (used in) operating activities 69,025 31,444 29,401
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to oil and gas properties (219,481) (195,603) (101,437)
Additions to other fixed assets (474) (723) (1,311)
Proceeds from sale of oil and gas properties, net 3,123 125 111,024
Proceeds from sale of equity securities 0 933 17,896
Net cash provided by (used in) investing activities (216,832) (195,268) 26,172
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments of short-term related party loan 0 (7,000) 0
Borrowing of short-term related party loan 0 7,000 0
Payments of short-term debt (4,596) 0 0
Payments of long-term debt (275,404) (70,000) (15,000)
Borrowing of long-term debt 105,000 218,000 27,000
Payment of debt extinguishment fees (2,091) 0 0
Proceeds from issuance of Class A common stock sold in initial public offering, net of offering costs 277,075 0 0
Proceeds from issuance of Class A common stock, net of offering costs 102,680 0 0
Capital contributions 0 46,011 37,000
Capital distributions (441) 0 (131,544)
Dividends paid (14,663) 0 0
Distributions to holders of temporary equity (19,731) 0 0
Loan closing costs (1,348) (4,614) (103)
Net cash provided by (used in) financing activities 166,481 189,397 (82,647)
Increase/Decrease in cash, cash equivalents and restricted cash 18,674 25,573 (27,074)
Cash, cash equivalents and restricted cash, beginning of period 32,459 6,886 33,960
Cash, cash equivalents and restricted cash end of period 51,133 32,459 6,886
Supplemental disclosure of non-cash activity:      
Equity securities received 0 0 45,633
Equity securities distributed 0 3,313 (20,092)
Accrued capital expenditures 63 1,426 73
Vesting of A-M units 0 0 600
Capitalized share-based compensation cost 3,818 0 0
Temporary equity cumulative adjustment to fair value 51,572 0 0
Supplemental cash flow information:      
Cash paid for interest 6,192 6,123 458
Cash paid for taxes $ 832 $ 604 $ 2