Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net Cash Provided by (Used in) Operating Activities $ 128,895 $ 154,362
Net income (loss) 68,379 12,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 77,853 83,168
Asset Impairment Charges 35,509 0
Derivative contracts:    
Net (gains) losses (116,770) 54,414
Cash settlements and premiums received (paid), net (58,877) 3,907
Deferred income tax expense 1,534 2,030
Gain (Loss) on Disposition of Other Assets (14) (41)
Noncash Interest Expense 2,537 1,748
Share-based compensation 1,807 2,055
Other, net 14 26
Changes in operating assets and liabilities, net (831) 1,941
Cash flows from investing activities    
Capital expenditures (112,827) (175,941)
Proceeds from sales of assets, net 83 29
Net cash used in investing activities (112,744) (175,912)
Cash flows from financing activities    
Proceeds from credit facility borrowings 46,000 32,000
Repayment of credit facility borrowings (49,000) (13,000)
Debt issuance costs paid (72) (2,518)
Proceeds from (Payments for) Other Financing Activities 1,068 0
Net cash provided by (used in) financing activities (2,004) 16,482
Net increase (decrease) in cash and cash equivalents 14,147 (5,068)
Cash and cash equivalents – beginning of period 7,798 17,864
Cash and cash equivalents – end of period 21,945 12,796
Cash paid for:    
Interest, net of amounts capitalized 14,316 16,784
Income Taxes Paid, Net (2,471) 0
Reorganization items, net 0 79
Non-cash investing and financing activities:    
Changes in accrued liabilities related to capital expenditures $ (20,294) $ 17,397