| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||
Net income (loss) | ||||||||||||
216,959 | 322,698 | 163,152 | -976,177 | -4,385,448 | 635,491 | 409,597 | 525,360 | 573,333 | 285,527 | -75,156 | 388,396 | 253,147 |
Adjustments to reconcile net income (loss) to cash flows from operating activities | ||||||||||||
Depletion, depreciation, and amortization | ||||||||||||
233,816 | 216,449 | 207,713 | 846,043 | 531,660 | 592,972 | 509,943 | 507,538 | 409,196 | 434,307 | 238,323 | 221,792 | 195,900 |
Write-down of oil and natural gas properties | ||||||||||||
- | - | - | 810,921 | 4,939,600 | 0 | 0 | - | - | - | - | 226,000 | 0 |
Impairment of goodwill | ||||||||||||
- | - | - | - | 1,261,512 | 0 | 0 | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||
100,471 | 103,234 | -95,779 | -543,385 | -1,932,179 | 429,973 | 222,526 | 255,743 | 342,463 | 160,349 | -51,644 | 195,020 | 110,193 |
Gain on sale of interests in Genesis | ||||||||||||
- | - | - | - | - | - | - | - | - | 101,537 | 0 | - | - |
Deferred revenue - Genesis | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -4,419 |
Stock-based compensation | ||||||||||||
12,470 | 11,951 | 15,154 | 14,995 | 30,604 | 30,513 | 33,003 | 29,310 | 33,190 | 35,366 | 35,581 | 14,068 | 10,595 |
Commodity derivatives expense (income) | ||||||||||||
-70,078 | 21,087 | -77,576 | -127,944 | 147,999 | 555,255 | -41,024 | 4,834 | 52,497 | 55,445 | -383,072 | 257,502 | 38,952 |
Receipt on settlements of commodity derivatives | ||||||||||||
23,606 | -175,248 | -47,795 | 84,181 | 511,699 | 1,421 | -662 | 17,880 | 2,377 | - | - | - | - |
Gain on debt extinguishment | ||||||||||||
155,998 | 0 | 0 | 115,095 | 0 | -113,908 | -44,651 | 0 | -16,131 | 0 | 0 | - | - |
Founder's retirement compensation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 6,350 | - | 0 |
Debt issuance costs and discounts | ||||||||||||
12,303 | 6,246 | 6,191 | 17,006 | 9,121 | 13,476 | 14,023 | 14,695 | 16,954 | 17,876 | 7,215 | 1,435 | - |
Impairment of assets | ||||||||||||
- | - | - | - | - | - | - | 17,515 | 22,951 | 0 | 0 | - | - |
Other, net | ||||||||||||
8,596 | 4,725 | -3,112 | 2,161 | -343 | -6,311 | 2,318 | -16,917 | 4,190 | 2,144 | 3,704 | -9,400 | 4,149 |
Changes in assets and liabilities, net of effects from acquisitions | ||||||||||||
Accrued production receivable | ||||||||||||
13,619 | -20,547 | 21,398 | 24,290 | -81,213 | -80,285 | 15,085 | -36,234 | 74,781 | -2,426 | 52,863 | 68,479 | -63,886 |
Trade and other receivables | ||||||||||||
-9,379 | -16,094 | 4,421 | -35,923 | -67,047 | 78,469 | -4,981 | -45,836 | 55,470 | -24,977 | -12,681 | 58,236 | -10,409 |
Derivative assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 15,471 | 0 |
Other current and long-term assets | ||||||||||||
-7,629 | 6,827 | 1,722 | 8,661 | -241 | -3,174 | -10,462 | -7,688 | 15,817 | 4,119 | 559 | -348 | -819 |
Accounts payable and accrued liabilities | ||||||||||||
-3,275 | 13,008 | -24,710 | -34,240 | -55,234 | 501 | 91,816 | 5,828 | -35,462 | 48,549 | 25,673 | 254 | 1,576 |
Oil and natural gas production payable | ||||||||||||
2,170 | -15,300 | -3,997 | -6,752 | -40,833 | -46,506 | 12,731 | -23,460 | 54,391 | 15,565 | 4,385 | 1,683 | 31,906 |
Other liabilities | ||||||||||||
-13,250 | 42,645 | -5,933 | -7,029 | -7,043 | -4,970 | -15,497 | -41,359 | -27,955 | -5,886 | 1,245 | -2,347 | 3,329 |
Net cash provided by operating activities | ||||||||||||
494,143 | 529,685 | 267,143 | 219,223 | 864,304 | 1,222,825 | 1,361,195 | 1,410,891 | 1,204,814 | 855,811 | 530,599 | 774,519 | 570,214 |
Cash flows from investing activities | ||||||||||||
Oil and natural gas capital expenditures | ||||||||||||
262,005 | 316,647 | 262,867 | 243,027 | 476,398 | 946,846 | 900,221 | 1,122,615 | 1,082,853 | 671,574 | 343,351 | 587,968 | 621,187 |
Acquisitions of oil and natural gas properties | ||||||||||||
79 | 541 | 88,886 | 1,310 | 21,876 | 8,773 | 9,243 | 156,082 | 35,305 | 25,672 | 452,795 | 31,367 | 49,077 |
Cash paid in Riley Ridge acquisition | ||||||||||||
- | - | - | - | - | - | - | - | 199,263 | 947,241 | 0 | 0 | - |
Bakken exchange transaction | ||||||||||||
- | - | - | - | - | - | - | 281,669 | 0 | - | - | - | - |
CO2 capital expenditures | ||||||||||||
3,154 | 5,878 | 2,159 | 2,321 | 26,301 | 48,134 | 93,744 | 131,043 | 84,789 | 93,556 | 100,358 | - | - |
Cash received in Bakken Exchange Transaction | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | - | - |
Pipelines and plants capital expenditures | ||||||||||||
27,319 | 23,108 | 2,540 | 2,666 | 31,728 | 72,151 | 184,286 | 330,417 | 236,133 | 207,536 | 566,014 | - | - |
Investment in Genesis | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 47,738 |
Purchases of other assets | ||||||||||||
- | - | - | - | - | 3,197 | 65,987 | 25,765 | 28,838 | 28,684 | 13,591 | 23,799 | 13,672 |
CO2 and other non-hydrocarbon gases - capital expenditures, including pipelines | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -407,103 | 164,075 |
Net proceeds from sale of interests in Genesis | ||||||||||||
- | - | - | - | - | - | - | - | - | 162,619 | 0 | - | - |
Net proceeds from sales of oil and gas properties and equipment | ||||||||||||
10,196 | 7,762 | 1,696 | 47,725 | 563 | 3,453 | 8,037 | 34,750 | 69,370 | 1,458,029 | 516,814 | 51,684 | 142,667 |
Net proceeds from sale of short-term investments | ||||||||||||
- | - | - | - | - | - | - | 83,545 | 0 | 0 | - | - | - |
Other | ||||||||||||
-12,669 | -5,136 | 2,058 | 3,064 | -5,555 | 1,107 | 29,865 | 10,883 | 8,147 | 1,165 | 10,419 | -3,894 | 9,431 |
Premium paid on repayment of senior subordinated notes | ||||||||||||
- | - | - | - | - | 101,342 | 36,475 | 0 | 13,137 | 7,213 | 0 | - | - |
Income tax benefit from equity awards | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 19,181 |
Proceeds from issuance of senior subordinated notes | ||||||||||||
- | - | - | - | - | 1,250,000 | 1,200,000 | 0 | 400,000 | 1,000,000 | 389,827 | - | 150,750 |
Net proceeds from issuance of common stock | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 12,991 | 13,972 | 18,222 |
Net cash used in investing activities | ||||||||||||
-269,692 | -333,276 | -356,814 | -204,663 | -550,185 | -1,076,755 | -1,275,309 | -1,376,841 | -1,605,958 | -354,780 | -969,714 | -994,659 | -762,513 |
Cash flows from financing activities | ||||||||||||
Bank repayments | ||||||||||||
925,791 | 1,982,653 | 1,589,000 | 1,730,500 | 1,862,000 | 2,609,000 | 1,550,000 | 1,555,000 | 330,000 | 1,530,000 | 856,000 | 222,000 | 265,000 |
Bank borrowings | ||||||||||||
925,791 | 1,507,653 | 1,763,000 | 1,856,500 | 1,642,000 | 2,664,000 | 1,190,000 | 1,870,000 | 715,000 | 1,114,000 | 906,000 | 147,000 | 281,000 |
Pipeline financing and capital lease debt repayments | ||||||||||||
13,908 | 23,300 | 27,462 | 28,849 | 33,642 | 33,381 | - | - | - | - | - | - | - |
Interest payments on senior secured notes treated as a reduction of debt | ||||||||||||
85,303 | 79,606 | 50,349 | 25,835 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from issuance of senior secured notes | ||||||||||||
0 | 450,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Cash paid in conjunction with debt exchange | ||||||||||||
136,427 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Repayment or repurchases of senior subordinated notes | ||||||||||||
0 | 0 | 2,503 | 76,708 | 485 | 997,345 | 651,270 | 0 | 525,000 | 609,424 | 0 | - | - |
Costs of debt financing | ||||||||||||
11,065 | 16,060 | 6,289 | 9,574 | - | 24,407 | 20,161 | 34 | 13,123 | 76,251 | 10,080 | 2,288 | 1,988 |
ENP distributions to noncontrolling interest | ||||||||||||
- | - | - | - | - | - | - | - | - | 36,738 | 0 | - | - |
Common stock repurchase program | ||||||||||||
- | - | - | - | - | 211,356 | 281,958 | 251,480 | 195,227 | 0 | 0 | - | - |
Cash dividends paid | ||||||||||||
- | - | - | - | 65,426 | 87,044 | 0 | 0 | - | - | - | - | - |
Pipeline financing | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 225,252 | 0 |
Other | ||||||||||||
348 | -13,486 | 1,216 | -46 | -14,907 | 14,771 | -22,346 | -17,718 | -545 | 5,873 | -101 | 15,166 | -3,632 |
Net cash used in financing activities | ||||||||||||
-246,355 | -157,452 | 88,613 | -15,012 | -334,460 | -135,104 | -172,210 | 45,768 | 37,968 | -139,753 | 442,637 | 177,102 | 198,533 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||||||
-21,904 | 38,957 | -1,058 | -452 | -20,341 | 10,966 | -86,324 | 79,818 | -363,176 | 361,278 | 3,522 | -43,038 | 6,234 |