Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 1 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2021
May 17, 2021
Jun. 30, 2020
Cash flows from operating activities:      
Net income (loss) $ (209,586,000) $ 250,996,000 $ (1,078,606,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation and amortization 32,362,000 62,764,000 142,818,000
Impairment of oil and natural gas properties 117,813,000 0 1,086,225,000
Impairment of other property and equipment 0 14,568,000 0
Loss from equity investments 0 342,000 10,834,000
Gain on debt extinguishment 0 0 (49,579,000)
Net loss (gain) on derivative instruments 139,658,000 137,239,000 (125,237,000)
Net cash receipts on settled derivative instruments (6,689,000) (3,361,000) 195,232,000
Non-cash reorganization items, net 0 (446,012,000) 0
Deferred income tax expense 0 0 7,290,000
Other, net (397,000) 1,725,000 9,844,000
Changes in operating assets and liabilities, net (34,796,000) 153,894,000 48,401,000
Net cash provided by operating activities 38,365,000 172,155,000 247,222,000
Cash flows from investing activities:      
Additions to oil and natural gas properties (40,424,000) (102,330,000) (274,851,000)
Proceeds from sale of oil and natural gas properties 225,000 15,000 45,185,000
Other, net (77,000) 4,484,000 (424,000)
Net cash used in investing activities (40,276,000) (97,831,000) (230,090,000)
Cash flows from financing activities:      
Debt issuance costs and loan commitment fees (1,206,000) (7,100,000) 0
Repurchase of senior notes 0 0 (22,827,000)
Proceeds from issuance of New Preferred Stock 0 50,000,000 0
Other, net (25,000) (8,000) (548,000)
Net cash used in financing activities (18,982,000) (104,768,000) (20,375,000)
Net decrease in cash, cash equivalents and restricted cash (20,893,000) (30,444,000) (3,243,000)
Cash, cash equivalents and restricted cash at beginning of period 59,417,000 89,861,000 6,060,000
Cash, cash equivalents and restricted cash at end of period 38,524,000 59,417,000 2,817,000
Exit Facility      
Cash flows from financing activities:      
Payments on credit facility (131,000,000) 0 0
Borrowings on credit facility 113,249,000 302,751,000 0
DIP Credit Facility      
Cash flows from financing activities:      
Payments on credit facility 0 (157,500,000) 0
Revolving Credit Facility      
Cash flows from financing activities:      
Payments on credit facility 0 (318,961,000) (323,000,000)
Borrowings on credit facility $ 0 $ 26,050,000 $ 326,000,000