Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (517,538,000) $ 62,242,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depletion, depreciation and amortization 78,028,000 118,433,000
Impairment of oil and natural gas properties 553,345,000 0
Loss (income) from equity method investments, net 10,789,000 (4,132,000)
Gain on debt extinguishment (15,322,000) 0
Net (gain) loss on derivative instruments (98,266,000) 20,045,000
Cash receipts (payments) on settled derivative instruments 70,733,000 (24,836,000)
Deferred income tax expense 7,290,000 0
Other, net 3,223,000 5,508,000
Changes in operating assets and liabilities:    
Decrease in accounts receivable—oil and natural gas sales 47,111,000 65,204,000
Decrease (increase) in accounts receivable—joint interest and other 6,001,000 (2,083,000)
(Decrease) increase in accounts payable and accrued liabilities (7,637,000) 1,366,000
Other, net (6,919,000) (1,982,000)
Net cash provided by operating activities 130,838,000 239,765,000
Cash flows from investing activities:    
Additions to oil and natural gas properties (113,744,000) (241,391,000)
Proceeds from sale of oil and natural gas properties 44,383,000 52,000
Additions to other property and equipment (539,000) (3,848,000)
Proceeds from sale of other property and equipment 91,000 56,000
Contributions to equity method investments 0 (432,000)
Net cash used in investing activities (69,809,000) (245,563,000)
Cash flows from financing activities:    
Principal payments on borrowings (180,106,000) (150,151,000)
Borrowings on line of credit 125,000,000 150,000,000
Repurchases of senior notes (10,204,000) 0
Payments for repurchases of stock under approved stock repurchase program 0 (28,212,000)
Other, net (146,000) (140,000)
Net cash used in financing activities (65,456,000) (28,503,000)
Net decrease in cash, cash equivalents and restricted cash (4,427,000) (34,301,000)
Cash, cash equivalents and restricted cash at beginning of period 6,060,000 52,297,000
Cash, cash equivalents and restricted cash at end of period 1,633,000 17,996,000
Supplemental disclosure of cash flow information:    
Interest payments 14,034,000 15,266,000
Income tax receipts 0 (1,794,000)
Supplemental disclosure of non-cash transactions:    
Capitalized stock-based compensation 934,000 1,114,000
Asset retirement obligation capitalized 381,000 1,952,000
Asset retirement obligation removed due to divestiture (2,033,000) 0
Interest capitalized 187,000 766,000
Fair value of contingent consideration asset on date of divestiture 23,090,000 0
Foreign currency translation (loss) gain on equity method investments $ (15,030,000) $ 3,801,000