Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income (loss) $ 67,290 $ 24,050
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 129,687 88,370
Derivative contracts:    
Net losses 30,166 111,725
Cash settlements, net (4,330) (35,191)
Deferred income tax expense 2,972 153
Gain on sales of assets, net (118) (81)
Non-cash interest expense 2,544 2,509
Share-based compensation (equity-classified) 3,101 3,472
Other, net 39 38
Changes in operating assets and liabilities, net 12,862 (2,140)
Net Cash Provided by (Used in) Operating Activities 244,213 192,905
Cash flows from investing activities    
Acquisitions, net (5,956) (85,387)
Capital expenditures (291,733) (323,259)
Proceeds from sales of assets, net 215 7,989
Net cash used in investing activities (297,474) (400,657)
Cash flows from financing activities    
Proceeds from credit facility borrowings 62,400 205,500
Repayment of credit facility borrowings (13,000) 0
Debt issuance costs paid (2,616) (754)
Net cash provided by financing activities 46,784 204,746
Net decrease in cash and cash equivalents (6,477) (3,006)
Cash and cash equivalents – beginning of period 17,864 11,017
Cash and cash equivalents – end of period 11,387 8,011
Cash paid for:    
Interest, net of amounts capitalized 24,721 15,174
Reorganization items, net 79 514
Non-cash investing and financing activities:    
Changes in accounts receivable related to acquisitions (152) (26,631)
Changes in other assets related to acquisitions 0 (2,469)
Changes in accrued liabilities related to acquisitions (504) (15,099)
Changes in accrued liabilities related to capital expenditures 2,672 1,833
Changes in other liabilities for asset retirement obligations related to acquisitions $ 83 $ 382