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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:      
Net income (loss) $ (39,767) $ 117,848 $ (135,624)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation, depletion, and amortization 243,605 209,257 208,353
Impairments (Note 2) 147,884 0 161,563
Amortization of debt issuance costs and debt discount 2,198 2,159 2,122
(Gain) loss on derivatives 3,184 (14,732) 22,813
Cash receipts (payments) on derivatives settled (22,803) 173 9,658
Gain on disposition of assets (704) (327) (3,127)
Deferred tax benefit (10,865) (57,683) (71,209)
Employee stock compensation plans 22,899 17,747 13,812
Bad debt expense 81 348 785
ARO liability accretion 2,393 2,886 2,779
Contract assets and liabilities, net (Note 3) (4,970) 0 0
Other, net 2,032 (865) (6,037)
Changes in operating assets and liabilities increasing (decreasing) cash:      
Accounts receivable (12,955) (32,073) (11,796)
Materials and supplies 32 2,835 225
Prepaid expenses and other (4,950) 1,527 2,585
Accounts payable 26,272 8,192 27,400
Accrued liabilities (3,724) 6,996 (4,388)
Income taxes (1,993) 38 20,903
Contract advances (90) 1,630 (687)
Net cash provided by operating activities 347,759 265,956 240,130
INVESTING ACTIVITIES:      
Capital expeditures (446,282) (255,553) (186,149)
Producing property and other acquisitions (29,970) (58,026) (564)
Proceeds from disposition of property and equipment 25,910 21,713 74,823
Other 0 (1,500) 919
Net cash used in investing activities (450,342) (293,366) (110,971)
FINANCING ACTIVITIES:      
Borrowings under line of credit 99,100 343,900 251,398
Payments under line of credit (277,100) (326,700) (371,600)
Payments on capitalized leases (3,843) (3,694) (3,694)
Proceeds from common stock issued, net of issue costs (Note 17) 0 18,623 0
Tax expense from stock compensation 0 0 (376)
Proceeds from investments of non-contolling interests 300,000 0 0
Transaction costs associated with sale of non-controlling interest (2,503) 0 0
Decrease in book overdrafts (Note 2) (7,320) (4,911) (4,829)
Net cash provided by (used in) financing activities 108,334 27,218 (129,101)
Net increase (decrease) in cash and cash equivalents 5,751 (192) 58
Cash and cash equivalents, beginning of year 701 893 835
Cash and cash equivalents, end of year 6,452 701 893
Supplemental disclosure of cash flow information:      
Interest paid (net of capitalization) 34,535 33,931 35,690
Income taxes 3,600 0 42
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment (18,119) (20,574) 21,190
Non-cash reductions to oil and natural gas properties related to asset retirement obligations $ 7,629 $ 3,613 $ 30,897