| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||
-2,002,358 | 430,560 | 435,152 | -979,709 | -1,224,884 | 247,403 | 153,192 | 68,371 | 108,422 | 47,363 | 23,627 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||||
Asset Retirement Obligation, Accretion Expense | ||||||||||
3,939 | 4,119 | 1,611 | 1,057 | 820 | 761 | 717 | 698 | 666 | 617 | 582 |
Depreciation, Depletion and Amortization | ||||||||||
550,108 | 486,664 | 364,629 | 245,974 | 337,694 | 265,431 | 118,880 | 90,749 | 62,320 | 38,907 | 29,225 |
Impairment of Oil and Gas Properties | ||||||||||
2,039,770 | 0 | 0 | 715,495 | 1,440,418 | 0 | 0 | - | - | - | - |
Stock-based compensation expense | ||||||||||
4,911 | 6,799 | 6,369 | 7,351 | 8,616 | 8,916 | 6,297 | 2,813 | 772 | 295 | 317 |
Loss (income) from equity method investments, net | ||||||||||
-210,289 | 49,625 | -18,513 | -37,788 | -113,120 | 54,171 | 212,714 | 8,322 | -1,418 | -977 | -706 |
Gain on debt extinguishment | ||||||||||
48,630 | 0 | 0 | 1,108 | 0 | 0 | - | - | - | - | - |
Net (gain) loss on derivative instruments | ||||||||||
85,230 | -65,051 | 188,802 | -323,303 | 83,671 | 121,148 | -18,189 | -144 | 25 | 0 | - |
Gain on contribution of investments | ||||||||||
- | - | - | - | - | 84,470 | 0 | 0 | - | - | - |
Interest income - note receivable | ||||||||||
- | - | - | - | - | 46 | 26 | 2 | 147 | 267 | 547 |
Deferred income tax expense | ||||||||||
-7,563 | 1,208 | 1,690 | 18,188 | -254,493 | 122,917 | 84,951 | 24,120 | -372 | -95 | 120 |
Amortization of loan costs | ||||||||||
6,328 | 6,121 | 5,011 | 3,660 | 3,219 | 1,685 | 1,012 | 640 | 540 | 0 | - |
Gain on sale of equity investments and other assets | ||||||||||
220 | 124,768 | 12,523 | 3,391 | - | - | - | - | - | - | - |
Amortization of note discount and premium | ||||||||||
- | - | - | -1,716 | -2,165 | -533 | 298 | 59 | 0 | 0 | - |
Distributions from equity method investments | ||||||||||
2,457 | 3,206 | 0 | 0 | 4,914 | 0 | 1,276 | 820 | 870 | 565 | - |
Write off of loan commitment fees | ||||||||||
- | - | - | - | - | - | - | 1,143 | 0 | 0 | - |
Loss on disposal of assets | ||||||||||
- | - | - | - | - | - | - | -5,702 | 0 | 0 | - |
Gain on sale of assets | ||||||||||
- | - | - | - | - | - | - | 7,300 | 0 | 0 | - |
Changes in operating assets and liabilities: | ||||||||||
Decrease in accounts receivable—oil and natural gas sales | ||||||||||
-88,990 | 63,427 | 35,879 | 76,269 | -31,986 | 45,034 | 33,209 | -2,404 | 13,067 | 5,460 | -3,051 |
Decrease (increase) in accounts receivable—joint interest and other | ||||||||||
25,478 | -12,943 | 9,573 | -11,380 | - | - | - | - | - | - | - |
Increase in accounts receivable—related parties | ||||||||||
- | 0 | -16 | 0 | -30 | -2,571 | -32,231 | 30,117 | 4,158 | 437 | -965 |
Decrease (increase) in prepaid expenses and other current assets | ||||||||||
-5,586 | 5,695 | 1,777 | 3,734 | 191 | 1,133 | 1,075 | 179 | -405 | -315 | 1,002 |
(Increase) decrease in other assets | ||||||||||
-915 | -4,066 | 7,866 | 0 | 0 | - | 4,523 | 0 | 0 | 75 | - |
(Decrease) increase in accounts payable and accrued liabilities | ||||||||||
-19,548 | 9,768 | 106,375 | 43,763 | -47,199 | 73,925 | 29,310 | 50,506 | 1,612 | 4,948 | -3,686 |
Settlement of asset retirement obligation | ||||||||||
-273 | -719 | -3,057 | -4,189 | -1,121 | -7,201 | -2,465 | -2,271 | -248 | -1,253 | -59 |
Net Cash Provided by (Used in) Operating Activities | ||||||||||
723,993 | 786,271 | 679,889 | 337,843 | 322,179 | 409,873 | 191,065 | 199,158 | 158,138 | 85,835 | 53,299 |
Cash flows from investing activities: | ||||||||||
Acquisitions of oil and natural gas properties | ||||||||||
0 | 0 | 1,348,657 | 0 | 0 | - | - | - | - | - | - |
Additions to oil and natural gas properties | ||||||||||
720,057 | 899,083 | 1,064,678 | 724,925 | 1,579,129 | 1,329,277 | 808,183 | 757,192 | 287,292 | 101,644 | 49,533 |
Proceeds from sale of oil and natural gas properties | ||||||||||
48,527 | 5,114 | 4,866 | 45,812 | 27,998 | 4,404 | 0 | 63,590 | 1,384 | 304 | 18,286 |
Deductions to cash held in escrow | ||||||||||
0 | 0 | -8 | -8 | -8 | -8 | - | - | - | - | - |
Additions to other property and equipment | ||||||||||
5,021 | 7,870 | 19,372 | 33,152 | 13,572 | 7,030 | 2,322 | 638 | 415 | 427 | 14 |
Proceeds from sale of other property and equipment | ||||||||||
267 | 351 | 1,569 | 0 | 0 | - | 113 | 140 | 0 | 0 | - |
Repayments on note receivable to related party | ||||||||||
- | - | - | - | - | 875 | 875 | 0 | 3,182 | 2,877 | 4,377 |
Proceeds from sale of equity method investments | ||||||||||
0 | 226,487 | 0 | 0 | - | 258,362 | 192,737 | 0 | - | - | - |
Proceeds from sale of investments | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Contributions to equity method investments | ||||||||||
432 | 2,319 | 55,280 | 26,472 | 14,472 | 63,999 | 47,014 | 147,307 | 34,621 | 1,244 | - |
Distributions from equity method investments | ||||||||||
1,945 | 446 | 7,376 | 18,147 | - | - | - | - | - | - | - |
Funding of restricted cash | ||||||||||
- | - | - | - | 0 | 0 | -8 | -8 | -8 | -8 | -8 |
Net Cash Provided by (Used in) Investing Activities | ||||||||||
-674,771 | -676,874 | -2,474,168 | -720,582 | -1,574,253 | -1,136,657 | -664,260 | -840,579 | -323,248 | -105,315 | -39,246 |
Cash flows from financing activities: | ||||||||||
Principal payments on borrowings | ||||||||||
877,697 | 220,575 | 365,276 | 87,685 | 350,172 | 115,690 | 149 | 158,639 | 97,634 | 52,711 | 18,303 |
Borrowings on line of credit | ||||||||||
952,000 | 265,000 | 365,000 | 86,000 | 250,000 | 215,000 | 0 | 158,500 | 48,000 | 52,200 | - |
Proceeds from bond issuance | ||||||||||
0 | 0 | 450,000 | 1,250,000 | 350,000 | 318,000 | 0 | 296,835 | 0 | 0 | - |
Repurchase of senior notes | ||||||||||
138,786 | 0 | 0 | 624,561 | 0 | 0 | - | - | - | - | - |
Borrowings on term loan | ||||||||||
0 | 0 | 2,951 | 21,049 | 0 | 0 | - | - | - | - | - |
Debt issuance costs and loan commitment fees | ||||||||||
288 | 831 | 14,350 | 24,718 | 8,688 | 7,831 | 1,283 | 9,175 | 981 | 1,144 | - |
Payments for repurchases of stock under approved stock repurchase program | ||||||||||
30,688 | 200,251 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net of offering costs and exercise of stock options | ||||||||||
- | - | -5,364 | 1,110,555 | 981,568 | 689 | 766,495 | 427,091 | 307,154 | 21,879 | 30 |
Net cash used in financing activities | ||||||||||
-95,459 | -156,657 | 432,961 | 1,730,640 | 1,222,708 | 410,168 | 765,063 | 714,612 | 256,539 | 20,224 | -18,273 |
Net decrease in cash, cash equivalents and restricted cash | ||||||||||
-46,237 | -47,260 | -1,361,318 | 1,347,901 | -29,366 | -316,616 | 291,868 | 73,191 | 91,429 | 744 | -4,220 |
Supplemental disclosure of cash flow information: | ||||||||||
Interest payments | ||||||||||
142,664 | 132,995 | 107,548 | 68,966 | - | - | 24,280 | 1,461 | 991 | 1,949 | 2,300 |
Interest payments | ||||||||||
- | - | - | - | 59,736 | 28,646 | 24,270 | - | - | - | - |
Income tax payments | ||||||||||
-1,794 | - | -1,105 | -19,770 | 16,156 | 23,800 | 2,761 | 261 | 1 | 40 | 543 |
Supplemental disclosure of non-cash transactions: | ||||||||||
Capitalized stock-based compensation | ||||||||||
5,800 | 4,500 | 4,200 | 4,900 | 5,743 | 5,944 | 4,198 | 1,875 | 515 | 197 | 212 |
Asset retirement obligation capitalized | ||||||||||
6,883 | 1,452 | 42,270 | 10,971 | 8,800 | 9,295 | 3,556 | 2,195 | 1,390 | 1,328 | 361 |
Asset Retirement Obligation, Removed Due To Divestiture | ||||||||||
30,146 | 0 | 0 | - | - | - | - | - | - | - | - |
Interest capitalized | ||||||||||
3,372 | 4,470 | 9,470 | 9,148 | 13,580 | 9,687 | 7,132 | 0 | 0 | - | - |
Fair value of contingent consideration asset on date of divestiture | ||||||||||
-1,137 | 0 | 0 | - | - | - | - | - | - | - | - |
Foreign currency translation (loss) gain on equity method investments | ||||||||||
9,193 | -15,487 | 12,519 | 3,468 | -28,502 | -16,894 | -12,223 | 1,355 | -855 | 1,313 | - |
Foreign currency translation gain (loss) on investment in Grizzly Oil Sands ULC | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,656 |
Foreign currency translation (loss) gain on note receivable - related party | ||||||||||
- | - | - | - | - | - | - | - | -1,085 | 942 | 1,843 |