v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (1,348,166,000) $ 35,637,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 270,393,000 125,503,000
Impairment of evaluated oil and gas properties 1,276,518,000 0
Amortization of non-cash debt related items 1,145,000 1,479,000
Deferred income tax expense 115,299,000 11,542,000
(Gain) loss on derivative contracts (125,004,000) 53,224,000
Cash (paid) received for commodity derivative settlements 101,301,000 (1,447,000)
Loss on sale of other property and equipment 0 49,000
Non-cash expense related to equity share-based awards 4,817,000 6,299,000
Change in the fair value of liability share-based awards (5,028,000) 1,031,000
Payments to settle asset retirement obligations 0 (771,000)
Payments for cash-settled restricted stock unit awards (755,000) (1,425,000)
Other, net 4,411,000 0
Changes in current assets and liabilities:    
Accounts receivable 113,040,000 38,681,000
Other current assets (4,348,000) (6,101,000)
Current liabilities (114,127,000) (36,254,000)
Other 0 (2,401,000)
Net cash provided by operating activities 289,496,000 225,046,000
Cash flows from investing activities:    
Capital expenditures (430,569,000) (359,430,000)
Acquisitions 0 (39,370,000)
Proceeds from sale of assets 10,079,000 274,296,000
Cash paid for settlements of contingent consideration arrangements, net (40,000,000) 0
Other, net 6,834,000 0
Net cash used in investing activities (453,656,000) (124,504,000)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 4,775,500,000 360,000,000
Payments on senior secured revolving credit facility (4,610,500,000) (455,000,000)
Payment of preferred stock dividends 0 (3,647,000)
Payment of deferred financing costs (6,011,000) (31,000)
Tax withholdings related to restricted stock units (388,000) (1,858,000)
Other, net (282,000) (5,000)
Net cash provided by (used in) financing activities 158,319,000 (100,541,000)
Net change in cash and cash equivalents (5,841,000) 1,000
Balance, beginning of period 13,341,000 16,051,000
Balance, end of period $ 7,500,000 $ 16,052,000

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