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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 27,151 $ 166,195
Adjustments to reconcile net income to net cash provided from    
Deferred income tax expense 2,521 29,361
Depletion, depreciation and amortization and impairment of proved properties 88,383 179,986
Abandonment and impairment of unproved properties 3,029 5,413
Derivative fair value loss (income) 57,879 (233,175)
Cash settlements on derivative financial instruments (39,395) 99,929
Divestiture contract obligation accretion 12,995 0
Allowance for bad debt 0 400
Amortization of deferred financing costs and other 2,081 1,657
Deferred and stock-based compensation 30,054 476
Loss (gain) on the sale of assets 1,860 (122,099)
Loss (gain) on early extinguishment of debt 35 (12,923)
Changes in working capital:    
Accounts receivable (33,146) 84,345
Other current assets 122 (4,432)
Accounts payable 34,418 18,660
Accrued liabilities and other (78,735) (89,287)
Net cash provided from operating activities 109,252 124,506
Investing activities:    
Additions to natural gas properties (99,233) (129,962)
Additions to field service assets (487) (896)
Acreage purchases (11,849) (10,811)
Proceeds from disposal of assets 8 1,059
Purchases of marketable securities held by the deferred compensation plan (3,172) (7,648)
Proceeds from the sales of marketable securities held by the deferred compensation plan 2,333 8,393
Net cash used in investing activities (112,400) (139,865)
Financing activities:    
Borrowings on credit facilities 478,000 543,000
Repayments on credit facilities (1,056,000) (463,000)
Issuance of senior notes 600,000 550,000
Repayment of senior or senior subordinated notes 0 (580,099)
Treasury stock purchases 0 (22,548)
Debt issuance costs (8,559) (8,538)
Taxes paid for shares withheld (9,097) (1,554)
Change in cash overdrafts (1,646) (1,933)
Proceeds from the sales of common stock held by the deferred compensation plan 441 13
Net cash provided from financing activities 3,139 15,341
Decrease in cash and cash equivalents (9) (18)
Cash and cash equivalents at beginning of period 458 546
Cash and cash equivalents at end of period $ 449 $ 528