Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 97,600 $ (90,067)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 80,829 50,560
Write-down of oil and natural gas properties 0 95,788
Accretion expense 523 762
Amortization of non-cash debt related items 1,695 2,371
Deferred income tax (benefit) expense 1,026 (62)
Net (gain) loss on derivatives, net of settlements (15,608) 27,105
Loss on sale of other property and equipment 62 0
Non-cash expense related to equity share-based awards 7,014 1,954
Change in the fair value of liability share-based awards 2,423 6,045
Payments to settle asset retirement obligations (1,831) (895)
Changes in current assets and liabilities:    
Accounts receivable (12,148) (16,444)
Other current assets (336) (251)
Current liabilities 7,534 19,815
Change in other long-term liabilities 121 86
Change in long-term prepaid (4,650) 0
Change in other assets, net (1,376) (1,671)
Payments to settle vested liability share-based awards (13,173) (10,300)
Net cash provided by operating activities 149,705 84,796
Cash flows from investing activities:    
Capital expenditures (267,218) (122,698)
Acquisitions (714,504) (302,057)
Acquisition deposit 46,138 (32,700)
Proceeds from sales of mineral interests and equipment 0 22,923
Net cash used in investing activities (935,584) (434,532)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 0 217,000
Payments on senior secured revolving credit facility 0 (257,000)
Issuance of 6.125% senior unsecured notes due 2024 200,000 0
Premium on the issuance of 6.125% senior unsecured notes due 2024 8,250 0
Issuance of common stock 0 722,715
Payment of preferred stock dividends (5,471) (5,471)
Payment of deferred financing costs (7,166) (640)
Tax withholdings related to restricted stock units (1,118) (2,207)
Net cash provided by financing activities 194,495 674,397
Net change in cash and cash equivalents (591,384) 324,661
Balance, beginning of period 652,993 1,224
Balance, end of period $ 61,609 $ 325,885