v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 74,086 $ 248,827 $ 79,682
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 148,498 149,854 155,682
Gain on debt transactions (47,109) (7,811)
Amortization of debt items and other items 5,514 2,850 1,715
Share-based compensation 3,690 3,540 7,191
Derivative loss (gain) 59,887 (53,798) (4,199)
Derivatives cash receipts (payments), net 13,941 (28,164) 4,199
Deferred income taxes (64,102) 500 217
Changes in operating assets and liabilities:      
Oil and natural gas receivables (9,563) (2,361) (2,370)
Joint interest receivables (4,766) 5,120 2,131
Insurance reimbursements 31,740
Income taxes 52,214 11,028 (1,063)
Prepaid expenses and other assets (9,346) 3,383 3,238
Escrow deposit - Apache lawsuit (49,500)
Asset retirement obligation settlements (11,443) (28,617) (72,409)
Cash advances from JV partners (15,347) 16,629 (437)
Accounts payable, accrued liabilities and other (11,036) 40,081 11,402
Net cash provided by operating activities 232,227 321,763 159,408
Investing activities:      
Investment in oil and natural gas properties and equipment (125,706) (106,191) (106,174)
Acquisition of property interests (188,019) (16,782)
Proceeds from sales of assets, net 56,588
Purchases of furniture, fixtures and other (89) (933)
Net cash used in investing activities (313,814) (66,385) (107,107)
Financing activities:      
Borrowings on credit facility 150,000 61,000
Repayments on credit facility (66,000) (40,000)
Issuance of Senior Second Lien Notes 625,000
Extinguishment of debt – principal (903,194)
Extinguishment of debt – premiums (21,850)
Payment of interest on 1.5 Lien Term Loan (6,623) (8,227)
Debt transactions costs (939) (17,457) (421)
Other (2,334) (3,622) (1,295)
Net cash provided by (used in) financing activities 80,727 (321,143) (23,479)
(Decrease) increase in cash and cash equivalents (860) (65,765) 28,822
Cash and cash equivalents, beginning of period 33,293 99,058 70,236
Cash and cash equivalents, end of period 32,433 33,293 99,058
Second Lien PIK Toggle Notes [Member]      
Financing activities:      
Payment of interest on PIK Toggle Notes (9,725) (7,335)
Third Lien PIK Toggle Notes [Member]      
Financing activities:      
Payment of interest on PIK Toggle Notes $ (4,672) $ (6,201)

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