Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 79,800,000 $ (2,028,550,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 244,005,000 384,594,000
Impairment of evaluated oil and gas properties 0 1,961,474,000
Amortization of non-cash debt related items, net 7,166,000 1,582,000
Deferred income tax expense 0 115,299,000
(Gain) loss on derivative contracts 512,155,000 (97,966,000)
Cash received (paid) for commodity derivative settlements, net (238,378,000) 101,754,000
Gain on extinguishment of debt (2,420,000) 0
Non-cash expense (benefit) related to share-based awards 11,984,000 (305,000)
Other, net 11,006,000 5,740,000
Changes in current assets and liabilities:    
Accounts receivable (83,227,000) 96,110,000
Other current assets (8,701,000) (6,556,000)
Accounts payable and accrued liabilities 74,443,000 (107,979,000)
Net cash provided by operating activities 607,833,000 425,197,000
Cash flows from investing activities:    
Capital expenditures (427,552,000) (555,222,000)
Acquisition of oil and gas properties (7,119,000) (12,524,000)
Deposit for acquisition of oil and gas properties (60,117,000) 0
Proceeds from sale of assets 35,415,000 149,818,000
Cash paid for settlements of contingent consideration arrangements, net 0 (40,000,000)
Other, net 4,206,000 8,261,000
Net cash used in investing activities (455,167,000) (449,667,000)
Cash flows from financing activities:    
Borrowings on Credit Facility 1,236,500,000 5,087,500,000
Payments on Credit Facility (1,498,500,000) (5,347,500,000)
Redemption of 6.25% Senior Notes (542,755,000) 0
Issuance of Senior Secured Notes 650,000,000 0
Proceeds from Issuance of Secured Debt 0 300,000,000
Discount on the issuance of 9.00% Second Lien Senior Secured Notes due 2025 0 (35,270,000)
Issuance of September 2020 Warrants 0 23,909,000
Payment of deferred financing costs (12,168,000) (6,312,000)
Tax withholdings related to restricted stock units (2,280,000) (495,000)
Other, net 0 (203,000)
Net cash provided by (used in) financing activities (169,203,000) 21,629,000
Net change in cash and cash equivalents (16,537,000) (2,841,000)
Balance, beginning of period 20,236,000 13,341,000
Balance, end of period $ 3,699,000 $ 10,500,000