Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net (loss) income $ (187,604,000) $ 296,559,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Accretion expense 3,173,000 3,056,000
Depletion, depreciation and amortization 406,654,000 352,848,000
Impairment of oil and natural gas properties 571,442,000 0
Stock-based compensation expense 4,969,000 5,792,000
Loss (income) from equity investments 164,532,000 (35,040,000)
Gain on debt extinguishment (23,600,000) 0
Change in fair value of derivative instruments (97,425,000) 106,373,000
Deferred income tax benefit (323,378,000) (69,000)
Amortization of loan costs 4,821,000 4,554,000
Gain on sale of equity investments and other assets (178,000) (124,768,000)
Distributions from equity method investments 2,457,000 1,978,000
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable—oil and natural gas sales 97,543,000 (10,618,000)
Increase in accounts receivable—joint interest and other (18,830,000) (2,277,000)
Increase in accounts receivable—related parties 0 (79,000)
Decrease (increase) in prepaid expenses and other current assets 4,359,000 (4,830,000)
(Increase) decrease in other assets (30,000) 1,228,000
Increase in accounts payable, accrued liabilities and other 8,567,000 36,809,000
Settlement of asset retirement obligation (117,000) (719,000)
Net cash provided by operating activities 617,355,000 630,797,000
Cash flows from investing activities:    
Additions to other property and equipment (4,694,000) (7,134,000)
Additions to oil and natural gas properties (646,535,000) (777,104,000)
Proceeds from sale of oil and natural gas properties 10,864,000 4,820,000
Proceeds from sale of other property and equipment 204,000 217,000
Proceeds from sale of equity method investments 0 226,487,000
Contributions to equity method investments (432,000) (2,318,000)
Distributions from equity method investments 1,945,000 446,000
Net cash used in investing activities (638,648,000) (554,586,000)
Cash flows from financing activities:    
Principal payments on borrowings (550,500,000) (165,428,000)
Borrowings on line of credit 640,000,000 225,000,000
Repurchase of senior notes (79,480,000) 0
Debt issuance costs and loan commitment fees (211,000) (772,000)
Payments for repurchase of stock (30,689,000) (109,997,000)
Net cash used in financing activities (20,880,000) (51,197,000)
Net (decrease) increase in cash, cash equivalents and restricted cash (42,173,000) 25,014,000
Cash, cash equivalents and restricted cash at beginning of period 52,297,000 99,557,000
Cash, cash equivalents and restricted cash at end of period 10,124,000 124,571,000
Supplemental disclosure of cash flow information:    
Interest payments 85,272,000 75,045,000
Income tax receipts (1,794,000) 0
Supplemental disclosure of non-cash transactions:    
Capitalized stock-based compensation 3,313,000 3,862,000
Asset retirement obligation capitalized 6,846,000 1,094,000
Asset retirement obligation removed due to divestiture (30,035,000) 0
Interest capitalized 2,782,000 3,956,000
Fair value of contingent consideration asset on date of divestiture (1,137,000) 0
Foreign currency translation gain (loss) on equity method investments $ 5,347,000 $ (5,815,000)