Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 5 Months Ended 7 Months Ended 12 Months Ended
May 17, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:        
Net (loss) income $ 250,994 $ (112,829) $ (1,625,133) $ (2,002,358)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depletion, depreciation and amortization 62,764 160,913 239,744 550,108
Impairment of oil and natural gas properties 0 117,813 1,357,099 2,039,770
Impairment of other property and equipment 14,568 0 0 0
Loss from equity investments 342 0 11,055 210,289
Gain on sale of equity method investments 0 0 0 (220)
Distributions from equity method investments 0 0 0 2,457
Loss (Gain) on debt extinguishment 0 3,040 (49,579) (48,630)
Net loss (gain) on derivative instruments 137,239 556,819 (65,291) (208,360)
Net cash (payments) receipts on settled derivative instruments (3,361) (322,857) 159,394 123,130
Non-cash reorganization items, net (446,012) 0 21,956 0
Deferred income tax expense 0 0 7,290 (7,563)
Other, net 1,727 3,130 31,984 15,178
Total changes in operating assets and liabilities 153,894 (113,044) 6,785 50,192
Net cash provided by operating activities 172,155 292,985 95,304 723,993
Cash flows from investing activities:        
Additions to oil and natural gas properties (102,330) (207,113) (367,287) (720,057)
Proceeds from sale of oil and natural gas properties 15 4,339 50,971 48,527
Other, net 4,484 2,669 1,729 (3,241)
Net cash used in investing activities (97,831) (200,105) (314,587) (674,771)
Cash flows from financing activities:        
DIP Credit Facility Financing Fees (7,100) (8,783) 0 0
Repurchase of senior notes 0 0 (22,827) (138,786)
Payments on Repurchase of Stock 0 0 0 (30,000)
Proceeds from issuance of New Preferred Stock 50,000 0 (2,988) 0
Other, net (8) (1,503) (1,512) (1,673)
Net cash (used in) provided by in financing activities (104,768) (149,037) 303,084 (95,459)
Net (decrease) increase in cash, cash equivalents and restricted cash (30,444) (56,157) 83,801 (46,237)
Cash, cash equivalents and restricted cash at beginning of period 89,861 59,417 6,060 52,297
Cash, cash equivalents and restricted cash at end of period 59,417 3,260 89,861 6,060
Revolving credit facility        
Cash flows from financing activities:        
Repayments of lines of credit (318,961) 0 (383,290) (877,000)
Proceeds from lines of credit 26,050 0 713,701 952,000
Exit Facility        
Cash flows from financing activities:        
Repayments of lines of credit 0 (709,028) 0 0
Proceeds from lines of credit 302,751 406,277 0 0
DIP credit facility        
Cash flows from financing activities:        
Repayments of lines of credit (157,500) 0 (90,000) 0
Proceeds from lines of credit 0 0 90,000 0
New Credit Facility        
Cash flows from financing activities:        
Repayments of lines of credit 0 (477,000) 0 0
Proceeds from lines of credit $ 0 $ 641,000 $ 0 $ 0