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 ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 260,391 $ (582,043)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Accretion of discount—Asset Retirement Obligation 692 508
Depletion, depreciation and amortization 148,237 121,129
Impairment of oil and natural gas properties 0 389,612
Stock-based compensation expense 3,140 3,936
Loss from equity investments 18,662 31,732
Change in fair value of derivative instruments (166,667) 206,370
Deferred income tax expense (benefit) 0 (348)
Amortization of loan commitment fees 2,288 1,921
Amortization of note discount and premium 0 (1,135)
Changes in operating assets and liabilities:    
Increase in accounts receivable (27,393) (19,590)
Increase in accounts receivable—related party (169) (7)
Increase in prepaid expenses (1,144) (3,877)
Increase in other assets (4,425) 0
Increase (decrease) in accounts payable, accrued liabilities and other 53,385 (5,412)
Settlement of asset retirement obligation (344) (72)
Net cash provided by operating activities 286,653 142,724
Cash flows from investing activities:    
Deductions to cash held in escrow 0 8
Additions to other property and equipment (10,645) (13,410)
Acquisition of oil and natural gas properties (1,339,222) 0
Additions to oil and natural gas properties (460,765) (257,222)
Proceeds from sale of oil and natural gas properties 3,730 1,612
Funding of restricted cash 185,000 0
Contributions to equity method investments (24,151) (16,690)
Distributions from equity method investments 1,429 4,658
Net cash used in investing activities (1,644,624) (281,044)
Cash flows from financing activities:    
Principal payments on borrowings (47) (1,685)
Borrowings on line of credit 210,000 0
Borrowings on term loan 2,951 11,962
Debt issuance costs and loan commitment fees (7,889) (205)
Proceeds from issuance of common stock, net of offering costs (5,364) 411,711
Net cash provided by financing activities 199,651 421,783
Net (decrease) increase in cash and cash equivalents (1,158,320) 283,463
Cash and cash equivalents at beginning of period 1,275,875 112,974
Cash and cash equivalents at end of period 117,555 396,437
Supplemental disclosure of cash flow information:    
Interest payments 48,118 35,026
Income tax payments 0 0
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 2,093 2,625
Asset retirement obligation capitalized 9,505 3,195
Interest capitalized 6,699 3,707
Foreign currency translation gain on equity method investments $ 5,887 $ 8,374