Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income (loss) $ 12,928 $ 7,774
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 83,168 53,354
Derivative contracts:    
Net losses 54,414 71,036
Cash settlements, net (3,907) (19,977)
Deferred income tax expense 2,030 163
Gain on sales of assets, net (41) (79)
Non-cash interest expense 1,748 1,644
Share-based compensation (equity-classified) 2,055 2,451
Other, net 26 26
Changes in operating assets and liabilities, net 1,941 4,026
Net cash provided by operating activities 154,362 120,418
Cash flows from investing activities    
Acquisitions, net 0 (86,835)
Capital expenditures (175,941) (201,350)
Proceeds from sales of assets, net 29 2,525
Net cash used in investing activities (175,912) (285,660)
Cash flows from financing activities    
Proceeds from credit facility borrowings 32,000 166,500
Repayment of credit facility borrowings (13,000) 0
Debt issuance costs paid (2,518) (754)
Net cash provided by financing activities 16,482 165,746
Net increase (decrease) in cash and cash equivalents (5,068) 504
Cash and cash equivalents – beginning of period 17,864 11,017
Cash and cash equivalents – end of period 12,796 11,521
Cash paid for:    
Interest, net of amounts capitalized 16,784 8,953
Reorganization items, net 79 442
Non-cash investing and financing activities:    
Changes in accounts receivable related to acquisitions 0 (26,631)
Changes in other assets related to acquisitions 0 (2,469)
Changes in accrued liabilities related to acquisitions 0 (15,099)
Changes in accrued liabilities related to capital expenditures 17,397 12,231
Changes in other liabilities for asset retirement obligations related to acquisitions $ 0 $ 382