Cash Flow

v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (310,557,000) $ 70,589,000 $ 224,785,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Non-cash reorganization items 0 0 (3,322,000)
Depreciation, depletion and amortization 140,673,000 174,569,000 127,961,000
Asset Impairment Charges 391,849,000 0 0
Derivative contracts:      
Net (gains) losses (88,422,000) 68,131,000 (37,427,000)
Cash Settlements Derivatives, Operating Activities (78,087,000) 4,136,000 48,291,000
Deferred income tax expense (benefit) (1,424,000) 3,373,000 2,994,000
Loss (gain) on sales of assets, net (18,000) (5,000) 177,000
Noncash Interest Expense 4,150,000 3,354,000 3,416,000
Share-based compensation 3,284,000 4,082,000 4,618,000
Other, net 31,000 52,000 44,000
Changes in operating assets and liabilities:      
Accounts receivable, net 28,078,000 (5,079,000) (23,674,000)
Accounts payable and accrued expenses (24,731,000) 4,690,000 21,109,000
Other assets and liabilities 778,000 574,000 (258,000)
Net cash provided by operating activities 221,778,000 320,194,000 272,132,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisitions, net 0 (6,516,000) (85,387,000)
Capital expenditures (168,565,000) (362,743,000) (430,592,000)
Proceeds from sales of assets, net 87,000 215,000 7,683,000
Net cash used in investing activities (168,478,000) (369,044,000) (508,296,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from credit facility borrowings 51,000,000 76,400,000 244,000,000
Repayment of credit facility borrowings (99,000,000) (35,000,000) 0
Debt issuance costs paid (78,000) (2,616,000) (989,000)
Net cash provided by (used in) financing activities (48,078,000) 38,784,000 243,011,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 5,222,000 (10,066,000) 6,847,000
Cash and cash equivalents - beginning of period 7,798,000 17,864,000 11,017,000
Cash and cash equivalents - end of period 13,020,000 7,798,000 17,864,000
Cash paid for:      
Interest, net of amounts capitalized 27,333,000 32,398,000 22,599,000
Income taxes, net of (refunds) (2,471,000) (2,471,000) 0
Reorganization items, net 0 79,000 540,000
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Increase (Decrease) in Accounts Receivable, Acquisitions 0 (152,000) (27,107,000)
Increase (Decrease) in Other Assets, Acquisitions 0 0 (743,000)
Increase (Decrease) in Accrued Liabilities, Acquisitions 0 (540,000) (11,182,000)
Capital Expenditures, Period Increase (Decrease) (18,671,000) (3,602,000) 44,000
Increase (Decrease) in ARO, Acquisitions $ 0 $ 83,000 $ 385,000

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