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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income (loss) $ (623,458) $ 121,018
Adjustments to reconcile net income (loss) to cash flows from operating activities    
Depletion, depreciation, and amortization 152,276 115,561
Write-down of oil and natural gas properties 734,981 0
Deferred income taxes (106,513) 52,545
Stock-based compensation 3,540 6,865
Commodity derivatives expense (income) (106,641) 58,617
Receipt on settlements of commodity derivatives 70,267 6,657
Gain on debt extinguishment (18,994) (100,346)
Debt issuance costs and discounts 9,921 2,901
Other, net (1,642) (57)
Changes in assets and liabilities, net of effects from acquisitions    
Accrued production receivable 62,063 (9,909)
Trade and other receivables (16,162) (271)
Other current and long-term assets (4,552) (3,389)
Accounts payable and accrued liabilities (60,295) (33,320)
Oil and natural gas production payable (22,217) 1,746
Other liabilities 237 (5,618)
Net cash provided by operating activities 72,811 213,000
Cash flows from investing activities    
Oil and natural gas capital expenditures (79,897) (148,254)
Pipelines and plants capital expenditures (10,962) (10,591)
Net proceeds from sales of oil and natural gas properties and equipment 40,971 431
Other (105) (725)
Net cash used in investing activities (49,993) (159,139)
Cash flows from financing activities    
Bank repayments (226,000) (281,000)
Bank borrowings 491,000 361,000
Interest payments treated as a reduction of debt (42,506) (42,558)
Cash paid in conjunction with debt repurchases (14,171) 0
Cash paid in conjunction with debt exchange 0 (120,007)
Costs of debt financing (299) (9,332)
Pipeline financing and capital lease debt repayments (7,015) (7,273)
Other (9,230) 12,899
Net cash provided by (used in) financing activities 191,779 (86,271)
Net increase (decrease) in cash, cash equivalents, and restricted cash 214,597 (32,410)
Cash, cash equivalents, and restricted cash at beginning of period 33,045 54,949
Cash, cash equivalents, and restricted cash at end of period $ 247,642 $ 22,539