v3.20.2
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (2,028,550,000) $ 91,471,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 384,594,000 182,738,000
Impairment of evaluated oil and gas properties 1,961,474,000 0
Amortization of non-cash debt related items 1,582,000 2,218,000
Deferred income tax expense 115,299,000 29,444,000
(Gain) loss on derivative contracts (97,966,000) 31,415,000
Cash (paid) received for commodity derivative settlements 101,754,000 (436,000)
Loss on sale of other property and equipment 0 36,000
Non-cash expense related to equity share-based awards 6,302,000 7,868,000
Change in the fair value of liability share-based awards (6,607,000) 106,000
Payments to settle asset retirement obligations 0 (1,425,000)
Payments for cash-settled restricted stock unit awards (770,000) (1,425,000)
Other, net 6,510,000 0
Changes in current assets and liabilities:    
Accounts receivable 96,110,000 17,600,000
Other current assets (6,556,000) (5,172,000)
Current liabilities (107,979,000) (13,038,000)
Other 0 (2,662,000)
Net cash provided by operating activities 425,197,000 338,738,000
Cash flows from investing activities:    
Capital expenditures (567,746,000) (503,425,000)
Acquisitions 0 (40,788,000)
Proceeds from sale of assets 149,818,000 279,952,000
Cash paid for settlements of contingent consideration arrangements, net (40,000,000) 0
Other, net 8,261,000 0
Net cash used in investing activities (449,667,000) (264,261,000)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 5,087,500,000 581,000,000
Payments on senior secured revolving credit facility (5,347,500,000) (581,000,000)
Issuance of 9.00% Second Lien Senior Secured Notes due 2025 300,000,000 0
Discount on the issuance of 9.00% Second Lien Senior Secured Notes due 2025 (35,270,000) 0
Issuance of warrants 23,909,000 0
Payment of preferred stock dividends 0 (3,997,000)
Payment of deferred financing costs (6,312,000) (31,000)
Tax withholdings related to restricted stock units (495,000) (2,174,000)
Redemption of preferred stock 0 (73,017,000)
Other, net (203,000) 0
Net cash provided by (used in) financing activities 21,629,000 (79,219,000)
Net change in cash and cash equivalents (2,841,000) (4,742,000)
Balance, beginning of period 13,341,000 16,051,000
Balance, end of period $ 10,500,000 $ 11,309,000

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