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 ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 90,090 $ 154,455
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion 1,004 282
Depletion, depreciation and amortization 111,018 65,991
Stock-based compensation expense 1,611 1,532
(Gain) loss from equity investments (13,495) 5,150
Change in fair value of derivative instruments 25,403 (106,796)
Deferred income tax benefit (69) 0
Amortization of loan commitment fees 1,488 1,088
Changes in operating assets and liabilities:    
Increase in accounts receivable (15,450) (21,393)
Increase in accounts receivable—related party   (23)
Increase in prepaid expenses and other current assets (2,652) (8,366)
Decrease (increase) in other assets 14 (4,013)
Increase in accounts payable, accrued liabilities and other 27,486 54,738
Settlement of asset retirement obligation (99)  
Net cash provided by operating activities 226,349 142,645
Cash flows from investing activities:    
Additions to other property and equipment (3,329) (5,444)
Acquisition of oil and natural gas properties 0 (1,338,964)
Additions to oil and natural gas properties (302,799) (181,834)
Proceeds from sale of oil and natural gas properties 0 3,605
Proceeds from sale of other property and equipment 76 0
Contributions to equity method investments (1,569) (10,673)
Distributions from equity method investments 750 631
Net cash used in investing activities (306,871) (1,532,679)
Cash flows from financing activities:    
Principal payments on borrowings (145)  
Borrowings on line of credit 200,000 40,000
Borrowings on term loan 0 2,698
Debt issuance costs and loan commitment fees (280) (5,733)
Payments on repurchase of stock (99,997) 0
Proceeds from issuance of common stock, net of offering costs   (5,321)
Net cash provided by financing activities 99,578 31,644
Net increase (decrease) in cash, cash equivalents and restricted cash 19,056 (1,358,390)
Cash, cash equivalents and restricted cash at beginning of period 99,557 1,460,875
Cash, cash equivalents and restricted cash at end of period 118,613 102,485
Supplemental disclosure of cash flow information    
Interest payments 7,944 347
Income tax payments 0 0
Supplemental disclosure of non-cash transactions    
Capitalized stock-based compensation 1,074 1,021
Asset retirement obligation capitalized 382 6,779
Interest capitalized 843 3,122
Foreign currency translation (loss) gain on equity method investments $ (5,503) $ 1,373