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
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 109,983 $ 56,317
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 114,807 116,843
Gain on exchange of debt   (7,811)
Amortization of debt items and other items 1,796 1,271
Share-based compensation 3,808 5,449
Derivative (gain) loss 5,931 (4,765)
Cash receipts (payments) on derivative settlements, net (3,091) 3,924
Deferred income taxes 363 321
Changes in operating assets and liabilities:    
Oil and natural gas receivables (4,039) 3,906
Joint interest receivables 3,261 8
Insurance reimbursements   31,740
Income taxes (139) 320
Prepaid expenses and other assets (8,467) 2,194
Escrow deposit - Apache lawsuit   (49,500)
Asset retirement obligation settlements (22,764) (56,226)
Cash advances from JV partners 27,014 (786)
Accounts payable, accrued liabilities and other 66,389 27,115
Net cash provided by operating activities 294,852 130,320
Investing activities:    
Investment in oil and natural gas properties and equipment (59,161) (79,088)
Changes in operating assets and liabilities associated with investing activities (20,261) 5,679
Acquisition of property interest (16,782)
Proceeds from sale of assets 50,474
Purchases of furniture, fixtures and other   (905)
Net cash used in investing activities (45,730) (74,314)
Financing activities:    
Other (26) (372)
Net cash used in financing activities (9,117) (20,078)
Increase in cash and cash equivalents 240,005 35,928
Cash and cash equivalents, beginning of period 99,058 70,236
Cash and cash equivalents, end of period 339,063 106,164
11.00% 1.5 Lien Term Loan, Due November 2019    
Financing activities:    
Payment of interest (6,171) (6,170)
9.00%/10.75% Second Lien PIK Toggle Notes, Due May 2020    
Financing activities:    
Payment of interest $ (2,920) (7,335)
8.50%/10.00% Third Lien PIK Toggle Notes, Due June 2021    
Financing activities:    
Payment of interest   $ (6,201)