XML 21 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 37,138 $ 28,693
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 178,976 151,545
Amortization of debt issuance costs and debt discount (Note 6) 1,645 1,616
(Gain) loss on derivatives (Note 10) 25,608 (21,019)
Cash payments on derivatives settled, net (Note 10) (18,040) (729)
Deferred tax expense 12,380 22,084
Gain on disposition of assets (575) (1,153)
Stock compensation plans 17,397 12,478
Contract assets and liabilities, net (Note 2) (3,671) 0
Other, net 2,835 1,397
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable (15,558) (36,381)
Accounts payable (14,867) 4,873
Material and supplies 0 17
Income taxes 0 (15)
Accrued liabilities 16,242 20,280
Other, net (2,975) 1,106
Net cash provided by operating activities 236,535 184,792
INVESTING ACTIVITIES:    
Capital expenditures (304,054) (167,392)
Producing properties and other acquisitions (769) (55,429)
Proceeds from disposition of assets 25,316 20,137
Other 0 (1,500)
Net cash used in investing activities (279,507) (204,184)
FINANCING ACTIVITIES:    
Borrowings under credit agreement 71,200 251,401
Payments under credit agreement (249,200) (250,100)
Payments on capitalized leases (2,869) (2,967)
Proceeds from common stock issued, net of issue costs (Note 14) 0 18,623
Proceeds from investments of non-controlling interests 300,000 0
Transaction costs associated with non-controlling interests (2,303) 0
Book overdrafts 17,000 2,364
Net cash provided by financing activities 133,828 19,321
Net increase (decrease) in cash and cash equivalents 90,856 (71)
Cash and cash equivalents, beginning of period 701 893
Cash and cash equivalents, end of period 91,557 822
Cash paid during the year for:    
Interest paid (net of capitalized) 14,418 14,601
Income taxes 3,600 0
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment (28,770) (20,122)
Non-cash (addition) reduction to oil and natural gas properties related to asset retirement obligations $ 8,546 $ (3,203)