v3.20.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net Income (Loss) $ (530,914) $ (62,762)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 98,565 91,225
Amortization of Debt Issuance Costs 2,776 2,616
Loss on Extinguishment of Debt 5,310 425
Amortization of Bond Premium on Long-term Debt (570) (1,498)
Deferred Income Taxes 210 0
(Gain) Loss of Derivative Instruments (193,570) 120,311
Gain on Debt Exchange Derivative 0 (1,413)
Loss on Contingent Consideration 0 23,371
PIK Interest on Second Lien Notes 0 1,742
Stock-Based Compensation Expense 2,293 4,394
Impairment of Other Current Assets 0 2,694
Impairment Expense 762,716 0
Other (116) (31)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net 65,055 8,845
Prepaid and Other Expenses (238) 1,440
Accounts Payable (1,546) 5,940
Accrued Interest (3,733) 318
Accrued Liabilities (3,999) 682
Net Cash Provided by Operating Activities 202,239 198,300
Cash Flows from Investing Activities    
Drilling and Development Capital Expenditures (164,242) (140,092)
Acquisition of Oil and Natural Gas Properties (25,491) (19,438)
Acquisition Deposit (774) (31,000)
Purchases of Other Property and Equipment (7) (611)
Net Cash Used for Investing Activities (190,514) (191,141)
Cash Flows from Financing Activities    
Advances on Revolving Credit Facility 25,000 123,000
Repayments on Revolving Credit Facility (37,000) (90,000)
Repurchases of Second Lien Notes (13,514) (10,488)
Debt Issuance Costs Paid (37) (120)
Debt Exchange Derivative Settlements 0 (894)
Contingent Consideration Settlements 0 (12,528)
Repurchases of Common Stock 0 (15,108)
Restricted Stock Surrenders - Tax Obligations (404) (584)
Net Cash Used for Financing Activities (25,955) (6,723)
Net Increase (Decrease) in Cash and Cash Equivalents (14,229) 436
Cash and Cash Equivalents - Beginning of Period 16,068 2,358
Cash and Cash Equivalents - End of Period $ 1,838 $ 2,794

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