Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 120,424 $ (91,813) $ (240,139)
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, depletion and amortization 118,051 73,072 69,891
Write-down of oil and natural gas properties 0 95,788 208,435
Accretion expense 677 958 660
Amortization of non-cash debt related items 2,150 3,115 3,123
Deferred income tax (benefit) expense 1,273 (14) 38,474
Loss on derivatives, net of settlements 10,429 38,135 6,658
Loss on sale of other property and equipment 62 0 0
Non-cash loss on early extinguishment of debt 0 9,883 0
Non-cash expense related to equity share-based awards 8,254 2,765 2,688
Change in the fair value of liability share-based awards 3,288 6,953 6,612
Payments to settle asset retirement obligations (2,047) (1,471) (3,258)
Changes in current assets and liabilities:      
Accounts receivable (44,495) (30,055) (4,761)
Other current assets 108 (786) (20)
Current liabilities 30,947 25,288 8,001
Other long-term liabilities 121 96 80
Long-term prepaid (4,650) 0 0
Other assets, net (1,528) (840) 338
Payments for cash-settled restricted stock unit awards related to early retirements related to early retirements 0 0 (3,538)
Payments for cash-settled restricted stock unit awards (13,173) (10,300) (3,925)
Net cash provided by operating activities 229,891 120,774 89,319
Cash flows from investing activities:      
Capital expenditures (419,839) (190,032) (227,292)
Acquisitions (718,456) (654,679) (32,245)
Acquisition deposit 45,238 (46,138) 0
Proceeds from sales of mineral interest and equipment 20,525 24,562 377
Net cash used in investing activities (1,072,532) (866,287) (259,160)
Cash flows from financing activities:      
Borrowings on senior secured revolving credit facility 25,000 217,000 181,000
Payments on senior secured revolving credit facility 0 (257,000) (176,000)
Payments on term loans 0 (300,000) 0
Issuance of 6.125% senior unsecured notes due 2024 200,000 400,000 0
Premium on the issuance of 6.125% senior unsecured notes due 2024 8,250 0 0
Payment of deferred financing costs (7,194) (10,793) 0
Issuance of common stock 0 1,357,577 175,459
Payment of preferred stock dividends (7,295) (7,295) (7,895)
Tax withholdings related to restricted stock units (1,118) (2,207) (2,467)
Net cash provided by financing activities 217,643 1,397,282 170,097
Net change in cash and cash equivalents (624,998) 651,769 256
Balance, beginning of period 652,993 1,224 968
Balance, end of period $ 27,995 $ 652,993 $ 1,224