v3.20.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net Income (Loss) $ (763,918) $ 31,619
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 129,350 146,791
Amortization of Debt Issuance Costs 3,999 3,948
Write-off of Debt Issuance Costs 1,543 0
Loss on Extinguishment of Debt 3,718 425
Amortization of Bond Premium on Long-term Debt (802) (2,165)
Deferred Income Taxes 210 0
(Gain) Loss of Derivative Instruments (123,595) 62,806
Gain on Debt Exchange Derivative 0 (1,390)
Loss on Contingent Consideration 0 28,633
PIK Interest on Second Lien Notes 0 1,742
Stock-Based Compensation Expense 3,182 4,280
Impairment of Other Current Assets 0 7,969
Impairment Expense 962,205 0
Other (172) (41)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net 48,491 (6,589)
Prepaid and Other Expenses 268 1,674
Accounts Payable (1,127) 1,058
Accrued Interest (3,199) 2,813
Accrued Liabilities (1,501) 6,916
Payment of Contingent Consideration 0 (21,164)
Net Cash Provided by Operating Activities 258,652 269,323
Cash Flows from Investing Activities    
Drilling and Development Capital Expenditures (218,193) (206,306)
Acquisition of Oil and Natural Gas Properties (31,075) (210,642)
Acquisition Deposit (225) 0
Purchases of Other Property and Equipment (59) (1,001)
Net Cash Used for Investing Activities (249,552) (417,948)
Cash Flows from Financing Activities    
Advances on Revolving Credit Facility 56,000 313,000
Repayments on Revolving Credit Facility (65,000) (126,000)
Repurchases of Second Lien Notes (13,514) (10,488)
Debt Issuance Costs Paid (447) (328)
Debt Exchange Derivative Settlements 0 (1,044)
Contingent Consideration Settlements 0 (11,278)
Repurchases of Common Stock 0 (15,108)
Restricted Stock Surrenders - Tax Obligations (404) (584)
Net Cash (Used for) Provided by Financing Activities (23,365) 148,169
Net Decrease in Cash and Cash Equivalents (14,265) (456)
Cash and Cash Equivalents - Beginning of Period 16,068 2,358
Cash and Cash Equivalents - End of Period $ 1,803 $ 1,901

Source