Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 80,519 $ (111,206)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 51,697 32,827
Write-down of oil and natural gas properties 0 95,788
Accretion expense 392 575
Amortization of non-cash debt related items 1,254 1,561
Deferred income tax expense 789 0
Net (gain) loss on derivatives, net of settlements (28,555) 28,149
Loss on sale of other property and equipment 62 0
Non-cash expense related to equity share-based awards 5,795 1,177
Change in the fair value of liability share-based awards 1,691 2,674
Payments to settle asset retirement obligations (1,581) (319)
Changes in current assets and liabilities:    
Accounts receivable (7,810) (4,836)
Other current assets (298) (305)
Current liabilities 5,680 4,113
Change in other long-term liabilities 120 86
Change in other assets, net (770) (450)
Payments to settle vested liability share-based awards (13,173) (10,300)
Net cash provided by operating activities 95,812 39,534
Cash flows from investing activities:    
Capital expenditures (146,090) (75,280)
Acquisitions (706,489) (284,024)
Acquisition deposit 46,138 0
Proceeds from sales of mineral interests and equipment 0 23,631
Net cash used in investing activities (806,441) (335,673)
Cash flows from financing activities:    
Borrowings on senior secured revolving credit facility 0 143,000
Payments on senior secured revolving credit facility 0 (143,000)
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 0 300,807
Payment of preferred stock dividends (3,647) (3,647)
Payment of deferred financing costs (6,765) 0
Tax withholdings related to restricted stock units (1,053) (2,038)
Net cash provided by financing activities 196,785 295,122
Net change in cash and cash equivalents (513,844) (1,017)
Balance, beginning of period 652,993 1,224
Balance, end of period $ 139,149 $ 207