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
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 106,236 $ 80,519
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 75,453 51,697
Accretion expense 424 392
Amortization of non-cash debt related items 1,041 1,254
Deferred income tax expense 976 789
Net (gain) loss on derivatives, net of settlements 4,594 (28,555)
Gain (Loss) on Disposition of Property Plant Equipment 22 62
Non-cash expense related to equity share-based awards 2,758 5,795
Change in the fair value of liability share-based awards 549 1,691
Payments to settle asset retirement obligations (573) (1,581)
Changes in current assets and liabilities:    
Accounts receivable 2,380 (7,810)
Other current assets (5,550) (298)
Current liabilities 17,061 5,680
Other long-term liabilities 287 120
Other assets, net (689) (770)
Payments to settle vested liability share-based awards (4,990) (13,173)
Net cash provided by operating activities 199,979 95,812
Cash flows from investing activities:    
Capital expenditures (298,370) (146,090)
Acquisitions (45,392) (706,489)
Acquisition deposit (27,600) 46,138
Proceeds from sale of assets 3,077 0
Net cash used in investing activities (368,285) (806,441)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 165,000 0
Payments on senior secured revolving credit facility (190,000) 0
Issuance of common stock 288,357 0
Premium on the issuance of 6.125% senior unsecured notes due 2024 0 8,250
Payment of preferred stock dividends (3,647) (3,647)
Payment of deferred financing costs (8,664) (6,765)
Tax withholdings related to restricted stock units (1,589) (1,053)
Net cash provided by financing activities 649,457 196,785
Net change in cash and cash equivalents 481,151 (513,844)
Balance, beginning of period 27,995 652,993
Balance, end of period 509,146 139,149
6.125% senior unsecured notes due 2024    
Cash flows from financing activities:    
Issuance of senior unsecured notes 0 200,000
6.375% senior unsecured notes due 2026    
Cash flows from financing activities:    
Issuance of senior unsecured notes $ 400,000 $ 0