Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (1,459,569) $ (187,604)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation and amortization 194,369 406,654
Impairment of oil and natural gas properties 1,357,099 571,442
Loss from equity investments 10,987 164,532
Gain on debt extinguishment (49,579) (23,600)
Net gain on derivative instruments (71,414) (178,169)
Net cash receipts on settled derivative instruments 225,364 80,744
Deferred income tax expense (benefit) 7,290 (323,378)
Other, net 12,753 15,242
Changes in operating assets and liabilities:    
Decrease in accounts receivable—oil and natural gas sales 28,767 97,543
Decrease (increase) in accounts receivable—joint interest and other 32,827 (18,830)
(Increase) decrease in prepaid expenses and other current assets (45,620) 4,359
(Decrease) increase in accounts payable and accrued liabilities (40,552) 8,567
Other, net (2,721) (147)
Net cash provided by operating activities 200,001 617,355
Cash flows from investing activities:    
Additions to oil and natural gas properties (337,979) (646,535)
Proceeds from sale of oil and natural gas properties 46,932 10,864
Additions to other property and equipment (591) (4,694)
Proceeds from sale of other property and equipment 942 204
Contributions to equity method investments 0 (432)
Distributions from equity method investments 0 1,945
Net cash used in investing activities (290,696) (638,648)
Cash flows from financing activities:    
Principal payments on borrowings (372,484) (550,500)
Borrowings on line of credit 531,857 640,000
Repurchases of senior notes (22,827) (79,480)
Payments for repurchases of stock under approved stock repurchase program 0 (30,000)
Other, net (868) (900)
Net cash provided by (used in) financing activities 135,678 (20,880)
Net increase (decrease) in cash, cash equivalents and restricted cash 44,983 (42,173)
Cash, cash equivalents and restricted cash at beginning of period 6,060 52,297
Cash, cash equivalents and restricted cash at end of period 51,043 10,124
Supplemental disclosure of cash flow information:    
Interest payments 73,979 85,272
Income tax receipts 0 (1,794)
Supplemental disclosure of non-cash transactions:    
Capitalized stock-based compensation 2,189 3,313
Asset retirement obligation capitalized 2,343 6,846
Asset retirement obligation removed due to divestiture (2,033) (30,035)
Interest capitalized 907 2,782
Fair value of contingent consideration asset on date of divestiture 23,090 1,137
Foreign currency translation (loss) gain on equity method investments $ (4,497) $ 5,347