Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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 (loss) income $ (1,625,133,000) $ (2,002,358,000) $ 430,560,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depletion, depreciation and amortization 239,744,000 550,108,000 486,664,000
Impairment of oil and natural gas properties 1,357,099,000 2,039,770,000 0
Loss (income) from equity method investments 11,055,000 210,289,000 (49,625,000)
Gain on debt extinguishment (49,579,000) (48,630,000) 0
Net loss (gain) on derivative instruments (65,291,000) (208,360,000) 123,479,000
Net cash receipts on settled derivative instruments 159,394,000 123,130,000 (58,428,000)
Non-cash reorganization items, net 21,956,000 0 0
Deferred income tax expense (benefit) 7,290,000 (7,563,000) 1,208,000
Gain on sale of equity method investments and other assets 0 (220,000) (124,768,000)
Distributions from equity method investments 0 2,457,000 3,206,000
Other, net 31,984,000 15,178,000 17,039,000
Changes in operating assets and liabilities, net 6,785,000 50,192,000 (43,064,000)
Net cash provided by operating activities 95,304,000 723,993,000 786,271,000
Cash flows from investing activities:      
Additions to oil and natural gas properties (367,287,000) (720,057,000) (899,083,000)
Proceeds from sale of oil and gas properties 50,971,000 48,527,000 5,114,000
Proceeds from sale of equity method investments 0 0 226,487,000
Other, net 1,729,000 (3,241,000) (9,392,000)
Net cash used in investing activities (314,587,000) (674,771,000) (676,874,000)
Cash flows from financing activities:      
Principal payments on pre-petition revolving credit facility (383,290,000) (877,000,000) (220,000,000)
Borrowings on pre-petition revolving credit facility 713,701,000 952,000,000 265,000,000
Principal payments on DIP credit facility (90,000,000) 0 0
Borrowings on DIP credit facility 90,000,000 0 0
Repurchase of senior notes (22,827,000) (138,786,000) 0
DIP credit facility financing fees (2,988,000) 0 0
Payments on repurchase of stock under approved stock repurchase programs 0 (30,000,000) (200,251,000)
Other, net (1,512,000) (1,673,000) (1,406,000)
Net cash provided (used in) by financing activities 303,084,000 (95,459,000) (156,657,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 83,801,000 (46,237,000) (47,260,000)
Cash, cash equivalents and restricted cash at beginning of period 6,060,000 52,297,000 99,557,000
Cash, cash equivalents and restricted cash at end of period $ 89,861,000 $ 6,060,000 $ 52,297,000