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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:        
Net income (loss) $ (135,923) $ (89,112) $ 198,675 $ (134,585)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Net (gain) loss on divestiture activity (786) 1,895 (425,656) 131,565
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 201,105 134,599 483,343 425,643
Abandonment and impairment of unproved properties 9,055 0 26,615 157
Stock-based compensation expense     17,680 16,160
Net derivative (gain) loss 178,026 80,599 249,304 (89,364)
Derivative settlement gain (loss)     (101,911) 29,402
Amortization of debt discount and deferred financing costs     11,542 12,478
Loss on extinguishment of debt 26,722 0 26,722 35
Deferred income taxes (36,833) (36,668) 60,672 (67,458)
Other, net     (2,084) 6,424
Net change working capital     (3,725) 40,153
Net cash provided by operating activities     541,177 370,610
Cash flows from investing activities:        
Net proceeds from the sale of oil and gas properties     743,199 778,365
Capital expenditures     (1,032,588) (624,969)
Acquisition of proved and unproved oil and gas properties     (24,571) (87,389)
Net cash provided by (used in) investing activities     (313,960) 66,007
Cash flows from financing activities:        
Proceeds from credit facility     0 406,000
Repayment of credit facility     0 (406,000)
Debt issuance costs related to credit facility     (4,771) 0
Net proceeds from Senior Notes     492,079 0
Cash paid to repurchase Senior Notes, including premium     (844,984) (2,357)
Net proceeds from sale of common stock     1,881 1,738
Dividends paid     (5,584) (5,563)
Other, net     (2,975) (1,392)
Net cash used in financing activities     (364,354) (7,574)
Net change in cash, cash equivalents, and restricted cash [1]     (137,137) 429,043
Cash, cash equivalents, and restricted cash at beginning of period [1]     313,943 12,372
Cash, cash equivalents, and restricted cash at end of period [1] 176,806 441,415 176,806 441,415
Operating activities:        
Cash paid for interest, net of capitalized interest     (124,435) (124,443)
Net cash paid for income taxes     (9,085) (2,800)
Investing activities:        
Changes in capital expenditure accruals and other     19,811 2,788
Supplemental non-cash investing activities:        
Carrying value of properties exchanged     95,121  
Supplemental non-cash financing activities:        
Non-cash loss on extinguishment of debt     6,334 22
Dividends declared, but not paid $ 5,607 $ 5,581 $ 5,607 $ 5,581
[1] (1) Refer to Note 1 - Summary of Significant Accounting Policies for a reconciliation of cash, cash equivalents, and restricted cash reported to the amounts reported within the accompanying unaudited condensed consolidated balance sheets (“accompanying balance sheets”).