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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:              
Net income (loss) $ 50,388 $ (177,568) $ 17,197 $ 317,401 $ (127,180) $ 334,598  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Net gain on divestiture activity (262)   (39,501)   (323) (424,870)  
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 206,330   151,765   384,076 282,238  
Abandonment and impairment of unproved properties 12,417   11,935   18,755 17,560  
Stock-based compensation expense         11,992 10,676  
Net derivative loss (79,655)   63,749   97,426 71,278  
Derivative settlement loss         (879) (61,193)  
Amortization of debt discount and deferred financing costs         7,633 7,750  
Deferred income taxes 13,766   (861)   (33,237) 97,505  
Other, net         (1,287) (2,302)  
Net change working capital         21,454 (21,722)  
Net cash provided by operating activities         378,430 311,518  
Cash flows from investing activities:              
Net proceeds from the sale of oil and gas properties         12,520 [1] 742,215  
Capital expenditures         (576,127) (723,319)  
Acquisition of proved and unproved oil and gas properties         319 (24,615)  
Net cash used in investing activities         (563,288) (5,719)  
Cash flows from financing activities:              
Proceeds from credit facility         696,500 0  
Repayment of credit facility         (578,500) 0  
Net proceeds from sale of common stock         1,959 1,881  
Dividends paid         (5,612) (5,584)  
Other, net         (1,044) (133)  
Net cash provided by (used in) financing activities         113,303 (3,836)  
Net change in cash, cash equivalents, and restricted cash         (71,555) 301,963  
Cash, cash equivalents, and restricted cash at beginning of period   $ 77,965   $ 313,943 77,965 313,943 $ 313,943
Cash, cash equivalents, and restricted cash at end of period 6,410   615,906   6,410 615,906 77,965
Supplemental Cash Flow Information - Operating activities:              
Cash paid for interest, net of capitalized interest         (67,646) (77,803)  
Supplemental Cash Flow Information - Investing activities:              
Changes in capital expenditure accruals and other         (10,097) 62,167  
Supplemental Cash Flow Information - Non-Cash Investing activities:              
Carrying value of properties exchanged         66,588 0  
Reconciliation of cash, cash equivalents, and restricted cash:              
Cash and cash equivalents 12   615,906   12 615,906 $ 77,965
Restricted cash $ 6,398 [1]   $ 0   $ 6,398 [1] $ 0  
[1]
(1) 
As of June 30, 2019, a portion of net proceeds from the sale of oil and gas properties was restricted for future property acquisitions. Restricted cash is included in the other noncurrent assets line item on the accompanying unaudited condensed consolidated balance sheets (“accompanying balance sheets”).