Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 300,360,000 $ 120,424,000 $ (91,813,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 184,731,000 118,051,000 73,072,000
Write-down of oil and natural gas properties 0 0 95,788,000
Accretion expense 874,000 677,000 958,000
Amortization of non-cash debt related items 2,483,000 2,150,000 3,115,000
Deferred income tax (benefit) expense 8,110,000 1,273,000 (14,000)
(Gain) loss on derivatives, net of settlements (75,816,000) 10,429,000 38,135,000
(Gain) loss on sale of other property and equipment (144,000) 62,000 0
Non-cash loss on early extinguishment of debt 0 0 9,883,000
Non-cash expense related to equity share-based awards 6,289,000 8,254,000 2,765,000
Change in the fair value of liability share-based awards 375,000 3,288,000 6,953,000
Payments to settle asset retirement obligations (1,469,000) (2,047,000) (1,471,000)
Payments for cash-settled restricted stock unit awards (4,990,000) (13,173,000) (10,300,000)
Changes in current assets and liabilities:      
Accounts receivable (17,351,000) (44,495,000) (30,055,000)
Other current assets (7,601,000) 108,000 (786,000)
Current liabilities 74,311,000 30,947,000 25,288,000
Other long-term liabilities (278,000) 121,000 96,000
Other assets, net (2,230,000) (1,528,000) (840,000)
Other 0 (4,650,000) 0
Net cash provided by operating activities 467,654,000 229,891,000 120,774,000
Cash flows from investing activities:      
Capital expenditures (611,173,000) (419,839,000) (190,032,000)
Acquisitions (718,793,000) (718,456,000) (654,679,000)
Acquisition deposit 0 45,238,000 (46,138,000)
Proceeds from sales of assets 9,009,000 20,525,000 24,562,000
Additions to other assets (3,100,000) 0 0
Net cash used in investing activities (1,324,057,000) (1,072,532,000) (866,287,000)
Cash flows from financing activities:      
Borrowings on senior secured revolving credit facility 500,000,000 25,000,000 217,000,000
Payments on senior secured revolving credit facility (325,000,000) 0 (257,000,000)
Payments on term loans 0 0 (300,000,000)
Premium on the issuance of 6.125% senior unsecured notes due 2024 0 8,250,000 0
Payment of deferred financing costs (9,430,000) (7,194,000) (10,793,000)
Issuance of common stock 287,988,000 0 1,357,577,000
Payment of preferred stock dividends (7,295,000) (7,295,000) (7,295,000)
Tax withholdings related to restricted stock units (1,804,000) (1,118,000) (2,207,000)
Net cash provided by financing activities 844,459,000 217,643,000 1,397,282,000
Net change in cash and cash equivalents (11,944,000) (624,998,000) 651,769,000
Balance, beginning of period 27,995,000 652,993,000 1,224,000
Balance, end of period 16,051,000 27,995,000 652,993,000
6.125% senior unsecured notes due 2024      
Cash flows from financing activities:      
Issuance of senior unsecured notes 0 200,000,000 400,000,000
6.375% senior unsecured notes due 2026      
Cash flows from financing activities:      
Issuance of senior unsecured notes $ 400,000,000 $ 0 $ 0