Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 55,761 $ 47,129
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 36,066 24,932
Accretion expense 218 184
Amortization of non-cash debt related items 453 665
Deferred income tax expense 495 466
Net gain on derivatives, net of settlements (3,978) (17,794)
Non-cash expense related to equity share-based awards 1,131 930
Change in the fair value of liability share-based awards 1,012 (291)
Payments to settle asset retirement obligations (366) (765)
Changes in current assets and liabilities:    
Accounts receivable (8,067) (4,066)
Other current assets 61 576
Current liabilities 12,938 9,903
Other long-term liabilities 87 0
Other assets, net (507) (523)
Payments to settle vested liability share-based awards (3,089) (8,662)
Net cash provided by operating activities 92,215 52,684
Cash flows from investing activities:    
Capital expenditures (111,330) (66,154)
Acquisitions (38,923) (648,485)
Acquisition deposit 900 46,138
Net cash used in investing activities (149,353) (668,501)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 80,000 0
Payments on senior secured revolving credit facility (30,000) 0
Payment of preferred stock dividends (1,824) (1,824)
Tax withholdings related to restricted stock units (560) (79)
Net cash provided by (used in) financing activities 47,616 (1,903)
Net change in cash and cash equivalents (9,522) (617,720)
Balance, beginning of period 27,995 652,993
Balance, end of period $ 18,473 $ 35,273