v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 216,565 $ (19,543)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 131,463 60,913
Amortization of non-cash debt related items 407 738
Deferred income tax (benefit) expense 64,048 (5,149)
(Gain) loss on derivative contracts (251,969) 67,260
Cash (paid) received for commodity derivative settlements 2,613 (290)
Loss on sale of other property and equipment 0 28
Non-cash expense related to equity share-based awards 3,776 4,545
Change in the fair value of liability share-based awards (6,748) 1,881
Payments to settle asset retirement obligations 0 (664)
Payments for cash-settled restricted stock unit awards (754) (1,296)
Other, net 890 0
Changes in current assets and liabilities:    
Accounts receivable 115,873 (5,390)
Other current assets (781) (2,294)
Current liabilities (83,688) (26,003)
Other 0 (177)
Net cash provided by operating activities 191,695 74,559
Cash flows from investing activities:    
Capital expenditures (224,448) (193,211)
Acquisitions 0 (27,947)
Proceeds from sale of assets 10,240 13,879
Cash paid for settlements of contingent consideration arrangements, net (40,000) 0
Other, net (158) 0
Net cash used in investing activities (254,366) (207,279)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 4,291,000 220,000
Payments on senior secured revolving credit facility (4,226,000) (90,000)
Payment of preferred stock dividends 0 (1,824)
Payment of deferred financing costs (275) 0
Tax withholdings related to restricted stock units (313) (1,025)
Other, net (282) 0
Net cash provided by financing activities 64,130 127,151
Net change in cash and cash equivalents 1,459 (5,569)
Balance, beginning of period 13,341 16,051
Balance, end of period $ 14,800 $ 10,482

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