Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 163,094 $ (38,697)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 40,718 38,870
Derivative contracts:    
Net (gains) losses (151,119) 68,017
Cash settlements, net (269) 4,394
Deferred income tax expense 2,320 1,212
Gain on sales of assets, net (6) (25)
Non-cash interest expense 823 921
Share-based compensation 856 1,038
Other, net 8 13
Changes in operating assets and liabilities, net 16,048 (6,484)
Net Cash Provided by (Used in) Operating Activities 72,473 69,259
Cash flows from investing activities    
Capital expenditures (62,015) (86,486)
Proceeds from sales of assets, net 75 18
Net cash used in investing activities (61,940) (86,468)
Cash flows from financing activities    
Proceeds from credit facility borrowings 46,000 12,000
Repayment of credit facility borrowings (9,000) (8,000)
Net cash provided by financing activities 37,000 4,000
Net increase (decrease) in cash and cash equivalents 47,533 (13,209)
Cash and cash equivalents – beginning of period 7,798 17,864
Cash and cash equivalents – end of period 55,331 4,655
Cash paid for:    
Interest, net of amounts capitalized 7,442 8,413
Reorganization items, net 0 79
Non-cash investing and financing activities:    
Changes in accrued liabilities related to capital expenditures $ 18,660 $ 13,569

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