Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2021
May 17, 2021
Sep. 30, 2020
Cash flows from operating activities:      
Net (loss) income $ (670,898) $ 250,996 $ (1,459,569)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation and amortization 94,935 62,764 194,369
Impairment of oil and natural gas properties 117,813 0 1,357,099
Impairment of other property and equipment 0 14,568 0
Loss from equity investments 0 342 10,987
Gain on debt extinguishment 0 0 (49,579)
Net loss (gain) on derivative instruments 762,134 137,239 (71,414)
Net cash (payments) receipts on settled derivative instruments (99,574) (3,361) 225,364
Non-cash reorganization items, net 0 (446,012) 0
Deferred income tax expense 0 0 7,290
Other, net 1,487 1,725 12,753
Changes in operating assets and liabilities, net (41,260) 153,894 (27,299)
Net cash provided by operating activities 164,637 172,155 200,001
Cash flows from investing activities:      
Additions to oil and natural gas properties (119,306) (102,330) (337,979)
Proceeds from sale of oil and natural gas properties 600 15 46,932
Other, net 2,562 4,484 351
Net cash used in investing activities (116,144) (97,831) (290,696)
Cash flows from financing activities:      
Debt issuance costs and loan commitment fees (1,225) (7,100) (633)
Repurchase of senior notes 0 0 (22,827)
Proceeds from issuance of New Preferred Stock 0 50,000 0
Other, net (55) (8) (719)
Net cash (used in) provided by in financing activities (103,425) (104,768) 135,678
Net (decrease) increase in cash, cash equivalents and restricted cash (54,932) (30,444) 44,983
Cash, cash equivalents and restricted cash at beginning of period 59,417 89,861 6,060
Cash, cash equivalents and restricted cash at end of period 4,485 59,417 51,043
Exit Facility      
Cash flows from financing activities:      
Payments on credit facility (409,000) 0 0
Borrowings on credit facility 306,855 302,751 0
DIP Credit Facility      
Cash flows from financing activities:      
Payments on credit facility 0 (157,500) 0
Revolving Credit Facility      
Cash flows from financing activities:      
Payments on credit facility 0 (318,961) (372,000)
Borrowings on credit facility $ 0 $ 26,050 $ 531,857