XML 86 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ (187,001) $ 508,407 $ (160,843)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net (gain) loss on divestiture activity (862) (426,917) 131,028
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 823,798 665,313 557,036
Impairment of oil and gas properties 33,842 49,889 16,078
Stock-based compensation expense 24,318 23,908 22,700
Net derivative (gain) loss 97,539 (161,832) 26,414
Derivative settlement gain (loss) 39,222 (135,803) 21,234
Amortization of debt discount and deferred financing costs 15,474 15,258 16,276
Loss on extinguishment of debt 0 26,740 35
Deferred income taxes (41,835) 141,708 (192,066)
Other, net 2,220 287 7,885
Changes in current assets and liabilities:      
Accounts receivable (39,556) (20,775) 20,410
Prepaid expenses and other 6,130 (729) (1,953)
Accounts payable and accrued expenses 50,278 35,175 51,156
Net cash provided by operating activities 823,567 720,629 515,390
Cash flows from investing activities:      
Net proceeds from the sale of oil and gas properties 13,059 748,509 776,719
Capital expenditures (1,023,769) (1,303,188) (888,353)
Acquisition of proved and unproved oil and gas properties (2,581) (33,255) (89,896)
Net cash used in investing activities (1,013,291) (587,934) (201,530)
Cash flows from financing activities:      
Proceeds from credit facility 1,589,000 0 406,000
Repayment of credit facility (1,466,500) 0 (406,000)
Net proceeds from Senior Notes 0 492,079 0
Cash paid to repurchase Senior Notes, including premium 0 (845,002) (2,357)
Net proceeds from sale of common stock 3,209 3,187 2,623
Dividends paid (11,254) (11,191) (11,144)
Other, net (2,686) (7,746) (1,411)
Net cash provided by (used in) financing activities 111,769 (368,673) (12,289)
Net change in cash, cash equivalents, and restricted cash (77,955) (235,978) 301,571
Cash, cash equivalents, and restricted cash at beginning of period 77,965 313,943 12,372
Cash, cash equivalents, and restricted cash at end of period 10 77,965 313,943
Supplemental Cash Flow Information - Operating Activities [Abstract]      
Cash paid for interest, net of capitalized interest (141,902) (150,727) (164,097)
Net cash (paid) refunded for income taxes 6,109 (2,995) (5,986)
Supplemental Cash Flow Information - Investing Activities [Abstract]      
Changes in capital expenditure accruals and other (24,289) (2,774) 7,309
Supplemental Cash Flow Information - Non-Cash Investing Activities [Abstract]      
Carrying value of properties exchanged 73,442 95,121 293,963
Supplemental Cash Flow Information - Non-Cash Financing Activities [Abstract]      
Non-cash loss on extinguishment of debt, net $ 0 $ 6,334 $ 22