Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 278,626,000 $ (739,339,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Accretion of discount—Asset Retirement Obligation 1,148,000 777,000
Depletion, depreciation and amortization 254,887,000 183,414,000
Impairment of oil and natural gas properties 0 601,806,000
Stock-based compensation expense 4,793,000 5,730,000
Loss from equity investments 21,495,000 25,988,000
Change in fair value of derivative instruments (129,692,000) 184,013,000
Deferred income tax expense (benefit) 0 17,211,000
Amortization of loan commitment fees 3,548,000 2,912,000
Amortization of note discount and premium 0 (1,716,000)
Changes in operating assets and liabilities    
Increase in accounts receivable (43,345,000) (55,916,000)
Increase in accounts receivable—related party (346,000) (80,000)
Increase in prepaid expenses (2,531,000) (6,835,000)
Increase in other assets (5,665,000) 0
Increase in accounts payable, accrued liabilities and other 111,335,000 28,265,000
Settlement of asset retirement obligation (2,520,000) (955,000)
Net cash provided by operating activities 491,733,000 245,275,000
Cash flows from investing activities    
Deductions to cash held in escrow 0 8,000
Additions to other property and equipment (16,288,000) (20,131,000)
Acquisition of oil and natural gas properties (1,339,456,000) 0
Additions to oil and natural gas properties (789,743,000) (441,128,000)
Proceeds from sale of oil and natural gas properties 4,079,000 41,534,000
Proceeds from sale of other property and equipment 658,000 0
Funding of restricted cash 185,000,000 0
Contributions to equity method investments (44,844,000) (18,510,000)
Distributions from equity method investments 4,114,000 14,220,000
Insurance proceeds 0 3,750,000
Net cash used in investing activities (1,996,480,000) (420,257,000)
Cash flows from financing activities    
Principal payments on borrowings (183,000) (1,685,000)
Borrowings on line of credit 365,000,000 0
Borrowings on term loan 2,951,000 16,499,000
Debt issuance costs and loan commitment fees (8,261,000) (241,000)
Proceeds from issuance of common stock, net of offering costs (5,364,000) 411,711,000
Net cash provided by financing activities 354,143,000 426,284,000
Net (decrease) increase in cash and cash equivalents (1,150,604,000) 251,302,000
Cash and cash equivalents at beginning of period 1,275,875,000 112,974,000
Cash and cash equivalents at end of period 125,271,000 364,276,000
Supplemental disclosure of cash flow information    
Interest payments 50,826,000 35,193,000
Income tax payments 0 0
Supplemental disclosure of non-cash transactions    
Capitalized stock based compensation 3,195,000 3,820,000
Asset retirement obligation capitalized   6,726,000
Interest capitalized 8,753,000 8,920,000
Foreign currency translation gain on equity method investments $ 12,719,000 $ 7,137,000