| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income attributable to shareholders | ||||||
21,639 | 32,815 | 115,612 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation, depletion and amortization | ||||||
30,940 | 13,915 | 6,955 | ||||
Share-based compensation expense | ||||||
10,049 | 0 | 0 | ||||
Loss on extinguishment of debt | ||||||
-6,892 | 0 | 0 | ||||
Amortization of debt issuance costs | ||||||
433 | 700 | 100 | ||||
Deferred income taxes | ||||||
665 | 237 | 295 | ||||
Loss on derivative instruments, net | ||||||
-568 | 424 | -121 | ||||
Loss on derivative instruments, net | ||||||
-470 | 754 | 0 | ||||
(Gain) loss on sale and distribution of equity securities | ||||||
0 | 823 | -4,222 | ||||
Bad debt expense | ||||||
669 | 382 | 0 | ||||
(Gain) on sale of oil and gas properties | ||||||
0 | 0 | 94,551 | ||||
Changes in operating assets and liabilities: | ||||||
Decrease in accounts receivable | ||||||
10,246 | 8,022 | 6,787 | ||||
(Increase) in other current assets | ||||||
-1,787 | 6,116 | 44 | ||||
(Decrease)/Increase in accounts payable and accrued liabilities | ||||||
5,112 | -484 | 3,956 | ||||
Decrease in other long-term liabilities | ||||||
47 | 28 | 0 | ||||
Other operating | ||||||
0 | 0 | -499 | ||||
Net cash provided by operating activities | ||||||
69,025 | 31,444 | 29,401 | ||||
Cash flows from investing activities | ||||||
Additions to oil and gas properties | ||||||
219,481 | 195,603 | 101,437 | ||||
Additions to other fixed assets | ||||||
474 | 723 | 1,311 | ||||
Proceeds from sale of oil and gas properties, net | ||||||
3,123 | 125 | 111,024 | ||||
Proceeds from sale of equity securities | ||||||
0 | 933 | 17,896 | ||||
Net cash (used in) provided by investing activities | ||||||
-216,832 | -195,268 | 26,172 | ||||
Cash flows from financing activities | ||||||
Payments of short-term related party loan | ||||||
0 | 7,000 | 0 | ||||
Borrowing of short-term related party loan | ||||||
0 | 7,000 | 0 | ||||
Payments of short-term debt | ||||||
4,596 | 0 | 0 | ||||
Payments of long-term debt | ||||||
275,404 | 70,000 | 15,000 | ||||
Borrowing of long-term debt | ||||||
105,000 | 218,000 | 27,000 | ||||
Payment of debt extinguishment fees | ||||||
2,091 | 0 | 0 | ||||
Proceeds from issuance of Class A common stock sold in initial public offering, net of offering costs | ||||||
277,075 | 0 | 0 | ||||
Proceeds from issuance of Class A common stock, net of offering costs | ||||||
102,680 | 0 | 0 | ||||
Capital contributions | ||||||
0 | 46,011 | 37,000 | ||||
Capital distributions | ||||||
441 | 0 | 131,544 | ||||
Dividends paid | ||||||
14,663 | 0 | 0 | ||||
Distribution to holders of temporary equity | ||||||
19,731 | 0 | 0 | ||||
Debt issuance costs | ||||||
1,348 | 4,614 | 103 | ||||
Net cash (used in) provided by financing activities | ||||||
166,481 | 189,397 | -82,647 | ||||
Decrease in cash and cash equivalents and restricted cash | ||||||
18,674 | 25,573 | -27,074 | ||||
Supplemental disclosure of noncash activity: | ||||||
Equity securities received | ||||||
0 | 0 | 45,633 | ||||
Equity securities distributed | ||||||
0 | 3,313 | -20,092 | ||||
Accrued capital expenditures | ||||||
63 | 1,426 | 73 | ||||
Vesting of A-M units | ||||||
0 | 0 | 600 | ||||
Capitalized share-based compensation cost | ||||||
3,818 | 0 | 0 | ||||
Temporary equity cumulative adjustment to carrying value | ||||||
51,572 | 0 | 0 | ||||
Supplemental cash flow information: | ||||||
Cash paid for interest | ||||||
6,192 | 6,123 | 458 | ||||
Cash paid for taxes | ||||||
832 | 604 | 2 | ||||