v3.20.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ (76,318) $ 143,689 $ (9,194)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization and Accretion 210,201 119,780 59,500
Amortization of Debt Issuance Costs 5,307 5,147 4,122
Write-off of Debt Issuance Costs 0 0 95
(Gain) Loss on Extinguishment of Debt 23,187 173,430 993
Amortization of Bond (Premium) Discount on Long-term Debt (2,705) (563) 496
Deferred Income Taxes 210 365 (785)
Unrealized (Gain) Loss on Derivative Instruments 173,214 (207,892) 18,443
Legal Settlement 0 0 2,820
Loss on Debt Exchange Derivative (1,390) 598 0
Loss on Contingent Consideration 29,512 28,968 0
PIK Interest on Second Lien Notes 1,742 2,599 0
Share-Based Compensation Expense 7,955 3,995 3,287
Impairment of Other Current Assets 6,398 0 0
Other (41) (120) 32
Changes in Working Capital and Other Items:      
Accounts Receivable, Net (11,542) (49,122) (9,717)
Prepaid and Other Expenses 3,997 19,397 (750)
Accounts Payable (16,928) (2,704) 3,229
Accrued Liabilities 27,166 (3,517) 254
Accrued Interest (3,084) 10,212 142
Payment of Contingent Consideration (37,131) 0 0
Net Cash Provided By Operating Activities 339,750 244,262 72,967
CASH FLOWS FROM INVESTING ACTIVITIES      
Drilling and Development Capital Expenditures (338,788) (216,692) (104,998)
Acquisition of Oil and Natural Gas Properties (229,182) (257,807) (14,410)
Proceeds from Sale of Oil and Natural Gas Properties 0 22 171
Proceeds from Sale of Other Property and Equipment 0 46 0
Purchases of Other Property and Equipment (1,158) (88) (3)
Net Cash Used For Investing Activities (569,128) (474,519) (119,240)
CASH FLOWS FROM FINANCING ACTIVITIES      
Advances on Revolving Credit Facility 953,000 190,000 36,000
Repayments on Revolving Credit Facility (513,000) (50,000) (180,000)
Borrowings on Term Loan Credit Agreement 0 60,000 300,000
Repayments on Term Loan Credit Agreement 0 (420,105) 0
Issuance of Second Lien Notes 0 364,369 0
Repayments of Second Lien Notes (227,470) 0 0
Repayments of Senior Unsecured Notes 0 (104,215) 0
Debt Issuance Costs Paid (12,219) (26,648) (13,362)
Debt Derivative Exchange Settlements (1,044) (1,769) 0
Contingent Consideration Settlements (11,278) 0 0
Issuance of Common Stock 0 141,674 0
Repurchases of Common Stock (15,108) (22,195) 0
Issuance of Preferred Stock 70,868 0 0
Restricted Stock Surrenders - Tax Obligations (660) (680) (668)
Net Cash Provided By Financing Activities 243,088 130,431 141,970
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13,710 (99,825) 95,697
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 2,358 102,183 6,486
CASH AND CASH EQUIVALENTS – END OF PERIOD $ 16,068 $ 2,358 $ 102,183

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