v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 67,928 $ 300,360 $ 120,424
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 245,936 185,605 118,728
Amortization of non-cash debt related items 2,907 2,483 2,150
Income Tax Expense (Benefit) 35,301 8,110 1,273
(Gain) loss on derivative contracts 62,109 (48,544) 18,901
Cash paid for commodity derivative settlements, net (3,789) (27,272) (8,472)
(Gain) loss on sale of other property and equipment (90) (144) 62
Non-cash loss on early extinguishment of debt 4,881 0 0
Non-cash expense related to equity share-based awards 9,767 6,289 8,254
Change in the fair value of liability share-based awards 1,624 375 3,288
Payments to settle asset retirement obligations (4,148) (1,469) (2,047)
Payments for cash-settled restricted stock unit awards (1,425) (4,990) (13,173)
Changes in current assets and liabilities:      
Accounts receivable (35,071) (17,351) (44,495)
Other current assets (4,166) (7,601) 108
Current liabilities 86,438 74,311 30,947
Other 8,114 (2,508) (6,057)
Net cash provided by operating activities 476,316 467,654 229,891
Cash flows from investing activities:      
Capital expenditures (640,540) (611,173) (419,839)
Acquisitions (42,266) (718,793) (718,456)
Acquisition deposit 0 0 45,238
Proceeds from sales of assets 294,417 9,009 20,525
Additions to other assets 0 (3,100) 0
Net cash used in investing activities (388,389) (1,324,057) (1,072,532)
Cash flows from financing activities:      
Borrowings on senior secured revolving credit facility 2,455,900 500,000 25,000
Payments on senior secured revolving credit facility (895,500) (325,000) 0
Payment to terminate Prior Credit Facility (475,400) 0 0
Repayment of Carrizo’s senior secured revolving credit facility (853,549) 0 0
Redemption of preferred stock (73,017) 0 0
Premium on the issuance of 6.125% Senior Notes due 2024 0 0 8,250
Issuance of common stock 0 287,988 0
Payment of preferred stock dividends (3,997) (7,295) (7,295)
Payment of deferred financing costs (22,480) (9,430) (7,194)
Tax withholdings related to restricted stock units (2,195) (1,804) (1,118)
Net cash provided by (used in) financing activities (90,637) 844,459 217,643
Net change in cash and cash equivalents (2,710) (11,944) (624,998)
Balance, beginning of period 16,051 27,995 652,993
Balance, end of period 13,341 16,051 27,995
6.125% Senior Notes due 2024      
Cash flows from financing activities:      
Issuance of senior unsecured notes 0 0 200,000
6.375% Senior Notes due 2026      
Cash flows from financing activities:      
Issuance of senior unsecured notes 0 400,000 0
Carrizo      
Cash flows from financing activities:      
Redemption of preferred stock $ (220,399) $ 0 $ 0

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