v3.22.2
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net Income (Loss) $ 44,704 $ (180,920)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 107,980 62,128
Amortization of Debt Issuance Costs 2,169 1,873
(Gain) Loss on Extinguishment of Debt (236) 13,087
Amortization of Bond Premium on Long-term Debt (1,066) (130)
Deferred Income Taxes 143 0
Unrealized (Gain) Loss of Derivative Instruments 328,296 301,333
Loss on Contingent Consideration 0 375
Loss on Disposal of Fixed Assets 185 0
Stock-Based Compensation Expense 2,867 1,549
Other 2,165 2,675
Changes in Working Capital and Other Items:    
Accounts Receivable, Net (164,822) (59,960)
Prepaid and Other Expenses (1,692) (1,286)
Accounts Payable 41,294 13,537
Accrued Interest 502 8,338
Accrued Liabilities and Expenses 1,784 6,353
Net Cash Provided by Operating Activities 364,273 168,952
Cash Flows from Investing Activities    
Capital Expenditures on Oil and Natural Gas Properties (524,223) (204,090)
Acquisition Deposit (17,000) (9,400)
Purchases of Other Property and Equipment (4,554) (51)
Net Cash Used for Investing Activities (545,777) (213,541)
Cash Flows from Financing Activities    
Advances on Revolving Credit Facility 561,000 299,000
Repayments on Revolving Credit Facility (249,000) (568,000)
Repurchase of Unsecured Notes (13,375) (130,000)
Repurchases of Second Lien Notes due 2023 0 (295,918)
Debt Issuance Costs Paid (6,051) (12,436)
Issuance of Common Stock 0 228,199
Issuance of Unsecured Notes due 2028 0 550,000
Repurchases of Common Stock (12,809) 0
Repurchases of Preferred Stock (81,236) 0
Restricted Stock Surrenders - Tax Obligations (2,206) (839)
Preferred Dividends Paid (5,911) (22,002)
Common Dividends Paid (16,956) 0
Net Cash Provided by Financing Activities 173,456 48,004
Net Increase (Decrease) in Cash and Cash Equivalents (8,048) 3,415
Cash and Cash Equivalents - Beginning of Period 9,519 1,428
Cash and Cash Equivalents - End of Period $ 1,471 $ 4,843

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