Cash Flow

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 12, 2016
Dec. 31, 2018
Dec. 31, 2017
Cash and cash equivalents - beginning of period $ 31,414   $ 11,017  
Cash and cash equivalents - end of period   $ 31,414 17,864 $ 11,017
Successor [Member]        
Net increase (decrease) in cash and cash equivalents (24,653)   6,847 4,256
Cash and cash equivalents - beginning of period 31,414   11,017 6,761
Cash and cash equivalents - end of period 6,761 31,414 17,864 11,017
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) (5,296)   224,785 32,662
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Non-cash reorganization items 0   (3,322) 0
Depreciation, depletion and amortization 11,652   127,961 48,649
Accretion of firm transportation obligation 0   0 0
Derivative contracts:        
Net (gains) losses 16,622   (37,427) 17,819
Cash settlements, net 384   (48,291) (3,511)
Deferred income tax expense (benefit) 0   2,994 (4,943)
Loss (gain) on sales of assets, net 49   177 36
Non-cash exploration expense 0   0 0
Non-cash interest expense 226   3,416 2,122
Share-based compensation (equity-classified) 81   4,618 3,809
Other, net 21   44 61
Changes in operating assets and liabilities:        
Accounts receivable, net 10,791   (23,674) (43,318)
Accounts payable and accrued expenses (3,887)   21,109 28,542
Other assets and liabilities 131   (258) (218)
Net cash provided by operating activities 30,774   272,132 81,710
CASH FLOWS FROM INVESTING ACTIVITIES        
Acquisitions, net 0   (85,387) (200,849)
Capital expenditures (4,812)   (430,592) (115,687)
Proceeds from sales of assets, net 0   7,683 869
Other, net (104)   0 0
Net cash used in investing activities (4,916)   (508,296) (315,667)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from credit facility borrowings 0   244,000 59,000
Repayment of credit facility borrowings (50,350)   0 (7,000)
Proceeds from second line note 0   0 196,000
Debt issuance costs paid 0   (989) (9,787)
Proceeds received from rights offering, net 0   0 55
Other, net (161)   0 (55)
Net cash provided by (used in) financing activities (50,511)   243,011 238,213
Cash paid for:        
Cash paid for interest (net of amounts capitalized) 598   22,599 4,102
Cash paid for income taxes (net of refunds) (7)   0 0
Cash paid for reorganization items, net 525   540 954
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Common stock issued in exchange for liabilities 0   0 0
Changes in accrued liabilities related to capital expenditures (997)   (44) (19,910)
Derivatives settled to reduce outstanding debt 0   $ 0 $ 0
Predecessor [Member]        
Net increase (decrease) in cash and cash equivalents   19,459    
Cash and cash equivalents - beginning of period $ 31,414 11,955    
Cash and cash equivalents - end of period   31,414    
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss)   1,054,602    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Non-cash reorganization items   (1,178,302)    
Depreciation, depletion and amortization   33,582    
Accretion of firm transportation obligation   317    
Derivative contracts:        
Net (gains) losses   8,333    
Cash settlements, net   48,008    
Deferred income tax expense (benefit)   0    
Loss (gain) on sales of assets, net   (1,261)    
Non-cash exploration expense   6,038    
Non-cash interest expense   22,189    
Share-based compensation (equity-classified)   1,511    
Other, net   (13)    
Changes in operating assets and liabilities:        
Accounts receivable, net   12,273    
Accounts payable and accrued expenses   22,469    
Other assets and liabilities   501    
Net cash provided by operating activities   30,247    
CASH FLOWS FROM INVESTING ACTIVITIES        
Acquisitions, net   0    
Capital expenditures   (15,359)    
Proceeds from sales of assets, net   224    
Other, net   1,186    
Net cash used in investing activities   (13,949)    
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from credit facility borrowings   75,350    
Repayment of credit facility borrowings   (119,121)    
Proceeds from second line note   0    
Debt issuance costs paid   (3,011)    
Proceeds received from rights offering, net   49,943    
Other, net   0    
Net cash provided by (used in) financing activities   3,161    
Cash paid for:        
Cash paid for interest (net of amounts capitalized)   4,331    
Cash paid for income taxes (net of refunds)   (35)    
Cash paid for reorganization items, net   30,990    
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Common stock issued in exchange for liabilities   140,952    
Changes in accrued liabilities related to capital expenditures   (11,301)    
Derivatives settled to reduce outstanding debt   $ 51,979    

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