| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income (loss) | ||||||
31,762 | 18,826 | 8,525 | -206,735 | - | - | - |
Net income (loss) | ||||||
- | - | - | - | -961,791 | -183,176 | -43,541 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities | ||||||
Depreciation, depletion, amortization and accretion | ||||||
156,552 | 134,940 | 119,362 | - | - | - | - |
Depreciation, depletion and amortization | ||||||
- | - | - | 92,948 | 244,750 | 89,218 | 6,163 |
Exploration expense | ||||||
47,775 | 28,324 | 31,417 | 30,853 | 95,849 | 6,433 | - |
Exploration expense | ||||||
- | - | - | - | - | - | 3,022 |
Pension benefit costs | ||||||
- | - | - | - | 259 | 56 | 575 |
Stock-based compensation | ||||||
8,784 | 7,891 | 9,301 | 6,216 | 4,635 | 256 | 43 |
Impairment of oil and gas properties | ||||||
- | - | - | 17,665 | 691,334 | 34,855 | 2,081 |
Net cash for plugging wells | ||||||
1,044 | - | - | - | - | - | - |
Accretion of asset retirement obligations | ||||||
- | - | - | 391 | 1,623 | 791 | 364 |
Gain on reduction of pension obligations | ||||||
- | - | - | - | - | 2,208 | 0 |
(Gain) loss on derivative instruments | ||||||
48,596 | -21,169 | 45,365 | -52,338 | 56,021 | 20,791 | - |
Net cash receipts (payments) on settled derivatives | ||||||
20,323 | -26,985 | -2,224 | 38,696 | 37,074 | 564 | - |
Loss on sale of assets | ||||||
601 | 1,815 | 179 | - | - | - | - |
Net cash payments on option premiums | ||||||
- | - | - | - | - | -385 | - |
(Gain) loss on sale of assets | ||||||
- | - | - | -6,936 | 4,737 | 960 | - |
(Gain) loss on sale of business | ||||||
- | - | - | - | 400 | 353 | - |
(Gain) loss on early extinguishment of debt | ||||||
- | - | - | 14,489 | -59,392 | - | - |
Deferred income taxes | ||||||
- | - | - | 540 | -74,481 | 71,667 | - |
Interest not paid in cash | ||||||
- | - | - | - | 1,232 | 15,721 | 20,294 |
Amortization of deferred financing costs | ||||||
2,781 | 2,256 | 2,098 | 1,962 | 1,991 | 1,744 | 739 |
Amortization of debt discount | ||||||
1,330 | 1,327 | 1,324 | 1,362 | 1,886 | 2,308 | 1,247 |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-67,652 | 42,879 | 31,780 | 21,277 | -20,209 | 33,605 | 5,971 |
Other assets | ||||||
-1,893 | 2,192 | -1,863 | 1,795 | -445 | 1,188 | -1,389 |
Accounts payable and accrued liabilities | ||||||
-33,182 | 84,231 | 18,404 | 794 | 17,050 | 29,517 | 27,276 |
Net cash provided by (used in) operating activities | ||||||
255,429 | 225,093 | 112,746 | 6,405 | - | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Accrued liabilities - affiliate | ||||||
- | - | - | - | - | -1,951 | 1,569 |
Net cash provided by operating activities | ||||||
- | - | - | - | 80,299 | 8,513 | 15,250 |
Capital expenditures for oil and gas properties | ||||||
349,710 | 275,601 | 291,779 | 167,355 | 475,659 | 731,013 | 252,844 |
Capital expenditures for other property and equipment | ||||||
632 | 1,007 | 2,007 | 1,164 | 1,748 | 3,637 | 892 |
Proceeds from sale of assets | ||||||
1,959 | 10,358 | 1,317 | 79,201 | 40,139 | 15,460 | - |
Cash acquired in merger | ||||||
12,894 | - | - | - | - | - | - |
Change in deposits and other long-term assets | ||||||
53 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||
-335,542 | -266,250 | -292,469 | -89,318 | - | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from the sale of oil and gas properties | ||||||
- | - | - | - | - | - | 8,497 |
Acquisition of business, net of cash acquired | ||||||
- | - | - | - | - | -754 | 651,847 |
Net cash used in investing activities | ||||||
- | - | - | - | -437,268 | -718,436 | -897,086 |
Proceeds from issuance of long-term debt | ||||||
- | - | - | - | 538,466 | - | 388,000 |
Debt issuance costs | ||||||
4,264 | 497 | 1,750 | -30 | 13,362 | 1,232 | - |
Debt issuance costs | ||||||
- | - | - | - | - | - | 7,309 |
Repayments of long-term debt | ||||||
321 | 506 | 453 | 24,045 | 485,317 | 213 | - |
Proceeds (repayments) from revolving credit facility | ||||||
- | - | - | - | - | - | 0 |
Capital contributions | ||||||
- | - | - | - | - | 124,667 | 583,597 |
Proceeds from issuance of common stock | ||||||
- | - | - | 124,361 | 440,000 | 550,025 | - |
Proceeds from revolving credit facility | ||||||
97,500 | 32,500 | - | - | - | - | - |
Equity issuance costs | ||||||
30 | 344 | 44 | 548 | 5,930 | 5,316 | - |
Employee tax withholding for settlement of equity compensation awards | ||||||
6,675 | 1,261 | 2,035 | 61 | - | - | - |
Net cash provided by financing activities | ||||||
86,210 | 29,892 | -4,282 | 99,737 | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||
6,097 | -11,265 | -184,005 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||
- | - | - | - | 473,857 | 667,931 | 964,288 |
Net increase (decrease) in cash and cash equivalents | ||||||
- | - | - | 16,824 | 116,888 | -41,992 | 82,452 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||||
Cash paid for interest | ||||||
59,552 | 51,101 | 47,362 | 48,483 | - | - | - |
Cash paid for interest | ||||||
- | - | - | - | 39,808 | 26,020 | - |
Cash paid for income taxes | ||||||
- | - | - | - | 505 | - | 0 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES | ||||||
Asset retirement obligations incurred, including changes in estimate | ||||||
2,898 | 418 | 679 | 1,014 | 3,435 | 7,554 | 300 |
Additions of other property through debt financing | ||||||
- | 173 | 183 | - | 888 | 945 | - |
Additions to oil and natural gas properties - changes in accounts payable, accrued liabilities, and accrued capital expenditures | ||||||
17,725 | -15,269 | 22,264 | 8,583 | -142,665 | 126,656 | 17,537 |
Assets and liabilities assumed in acquisition of Eclipse Resources-Ohio, LLC | ||||||
- | - | - | - | - | - | 5,102 |
Assets held for sale | ||||||
- | - | -262 | - | -35,289 | 20,673 | - |
Asset acquisition through stock issuance | ||||||
- | 90,020 | - | - | - | - | - |
BRMR Merger consideration | ||||||
275,759 | - | - | - | - | - | - |
Interest paid-in-kind | ||||||
- | - | - | - | 14,786 | 22,461 | - |