Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (92,102,000) $ (1,348,166,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 154,115,000 270,393,000
Impairment of evaluated oil and gas properties 0 1,276,518,000
Amortization of non-cash debt related items, net 4,508,000 1,145,000
Deferred income tax expense 0 115,299,000
(Gain) loss on derivative contracts 404,986,000 (125,004,000)
Cash received (paid) for commodity derivative settlements, net (127,571,000) 101,301,000
Non-cash expense (benefit) related to share-based awards 12,887,000 (211,000)
Other, net 4,511,000 3,656,000
Changes in current assets and liabilities:    
Accounts receivable (67,357,000) 113,040,000
Other current assets (7,423,000) (4,348,000)
Accounts payable and accrued liabilities 26,714,000 (114,127,000)
Net cash provided by operating activities 313,268,000 289,496,000
Cash flows from investing activities:    
Capital expenditures (251,003,000) (418,688,000)
Acquisition of oil and gas properties (2,215,000) (11,881,000)
Proceeds from sale of assets 31,611,000 10,079,000
Cash paid for settlements of contingent consideration arrangements, net 0 (40,000,000)
Other, net 4,220,000 6,834,000
Net cash used in investing activities (217,387,000) (453,656,000)
Cash flows from financing activities:    
Borrowings on Credit Facility 736,500,000 4,775,500,000
Payments on Credit Facility (846,500,000) (4,610,500,000)
Payment of deferred financing and debt exchange costs 0 (6,011,000)
Tax withholdings related to restricted stock units (2,280,000) (388,000)
Other, net (37,000) (282,000)
Net cash provided by (used in) financing activities (112,317,000) 158,319,000
Net change in cash and cash equivalents (16,436,000) (5,841,000)
Balance, beginning of period 20,236,000 13,341,000
Balance, end of period $ 3,800,000 $ 7,500,000