XML 22 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income (loss) $ (10,299) $ 16,015
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 128,418 115,439
Amortization of debt issuance costs and debt discount (Note 6) 1,115 1,095
(Gain) loss on derivatives (Note 10) (995) 21,223
Cash proceeds (payments) on derivatives settled, net (Note 10) 5,314 (8,928)
Deferred tax (benefit) expense (2,318) 5,636
(Gain) loss on disposition of assets 1,193 (322)
Stock compensation plans 11,187 12,073
Contracts assets and liabilities, net (Note 2) (1,283) (2,371)
Other, net 1,117 1,998
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable 26,939 (1,865)
Accounts payable (30,374) (403)
Material and supplies (43) 4
Accrued liabilities (1,245) 1,572
Other, net (1,225) (1,526)
Net cash provided by operating activities 127,501 159,640
INVESTING ACTIVITIES:    
Capital expenditures (246,638) (189,916)
Producing properties and other acquisitions (3,313) (962)
Proceeds from disposition of assets 7,340 23,528
Net cash used in investing activities (242,611) (167,350)
FINANCING ACTIVITIES:    
Borrowings under credit agreement 271,200 71,200
Payments under credit agreement (160,200) (249,200)
Payments on finance leases (1,980) (1,901)
Proceeds from investments of non-controlling interests 0 300,000
Employee taxes paid by withholding shares (4,073) (4,947)
Transaction costs associated with non-controlling interests 0 (2,254)
Distributions to non-controlling interest (918) 0
Book overdrafts 5,298 (1,581)
Net cash provided by financing activities 109,327 111,317
Net increase (decrease) in cash and cash equivalents (5,783) 103,607
Cash and cash equivalents, beginning of period 6,452 701
Cash and cash equivalents, end of period 669 104,308
Cash paid during the year for:    
Interest paid (net of capitalized) 15,748 18,246
Income taxes 0 0
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment (6,260) (3,747)
Non-cash (addition) reduction to oil and natural gas properties related to asset retirement obligations $ (2,057) $ 7,854