| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Current period net income | |||||||||
122,982 | 299,764 | 138,007 | -97,057 | -679,524 | 110,754 | 45,094 | -33,261 | -10,309 | 6,377 |
Operating activities | |||||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||||||||
Unrealized Gain (Loss) on Derivatives | |||||||||
-53,727 | 65,085 | 9,715 | -41,238 | -39,265 | 58,302 | -7,232 | -4,802 | 5,138 | 3,139 |
Depletion, depreciation and amortization | |||||||||
350,540 | 265,142 | 177,502 | 122,048 | 178,847 | 134,737 | 98,395 | 80,454 | 31,754 | 15,596 |
Asset Retirement Obligation, Accretion Expense | |||||||||
1,822 | 1,530 | 1,290 | 1,182 | 734 | 504 | 348 | 256 | 209 | 155 |
Full-cost ceiling impairment | |||||||||
0 | 0 | 0 | 158,633 | 801,166 | 0 | 21,229 | 63,475 | 35,673 | 0 |
Stock-based compensation expense | |||||||||
18,500 | 17,200 | 16,700 | 12,362 | 9,450 | 5,524 | 3,897 | 140 | 2,406 | - |
Prepayment premium on extinguishment of debt | |||||||||
0 | 31,226 | 0 | 0 | - | - | - | - | - | - |
Stock option and grant expense | |||||||||
- | - | - | - | - | - | - | - | - | 824 |
Restricted stock grants | |||||||||
- | - | - | - | - | - | - | - | - | 74 |
Deferred Income Tax Expense (Benefit) | |||||||||
35,532 | -7,236 | 0 | 0 | -150,327 | 64,242 | 9,293 | -1,430 | -5,475 | 4,932 |
Amortization of debt issuance cost | |||||||||
2,484 | 1,357 | 468 | 1,148 | 852 | 0 | 0 | - | - | - |
Net loss (gain) on asset sales and inventory impairment | |||||||||
967 | 196 | -23 | -107,277 | -908 | 0 | 192 | 485 | 154 | 224 |
Changes in operating assets and liabilities | |||||||||
Accounts receivable | |||||||||
43,261 | 4,934 | 82,549 | 14,259 | -3,633 | 13,318 | 2,160 | 16,342 | 1,523 | 386 |
Lease and well equipment inventory | |||||||||
-4,777 | 12,176 | 3,623 | 700 | 180 | 211 | -243 | -50 | -21 | 8 |
Prepaid expenses | |||||||||
4,844 | 1,770 | 2,960 | 124 | 544 | 783 | 668 | -50 | -650 | 580 |
Other assets | |||||||||
-678 | -3,418 | 6,425 | -490 | 552 | -1,212 | 548 | 673 | 814 | -33 |
Accounts payable, accrued liabilities and other current liabilities | |||||||||
-19,004 | 68,647 | 33,559 | 6,611 | 1,375 | 607 | -3,638 | 19,740 | 13,497 | 2,488 |
Royalties payable | |||||||||
20,417 | 3,418 | 37,370 | 7,495 | 1,654 | 6,663 | 1,257 | 4,685 | 873 | 309 |
Advances from joint interest owners | |||||||||
-3,869 | -8,179 | -1,089 | -1,000 | -700 | 0 | 1,515 | -1,515 | 723 | -273 |
Income taxes payable | |||||||||
- | - | - | -2,848 | 2,405 | 39 | 404 | 0 | 0 | - |
Other long-term liabilities | |||||||||
2,851 | -353 | -1,519 | 4,144 | 489 | -187 | 415 | 282 | 613 | 101 |
Net Cash Provided by (Used in) Operating Activities | |||||||||
552,042 | 608,523 | 299,125 | 134,086 | 208,535 | 251,481 | 179,470 | 124,228 | 61,868 | 27,273 |
Investing activities | |||||||||
Oil and natural gas properties capital expenditures | |||||||||
730,161 | 1,357,802 | 699,445 | 379,067 | 432,715 | 560,849 | 363,192 | 300,689 | 156,431 | 159,050 |
Midstream capital expenditures | |||||||||
192,035 | 163,222 | 115,128 | - | - | - | - | - | - | - |
Expenditures for other property and equipment | |||||||||
3,701 | 2,562 | 5,688 | 74,845 | 64,499 | 9,152 | 3,977 | 7,332 | 4,671 | 1,610 |
Proceeds from sale of assets | |||||||||
21,921 | 8,333 | 977 | 5,173 | 139,836 | 79 | 0 | 0 | - | - |
Business combination, net of cash acquired | |||||||||
- | - | - | - | 24,028 | 0 | 0 | - | - | - |
Purchases of certificates of deposit | |||||||||
- | - | - | - | - | - | - | 496 | 4,298 | 3,739 |
Maturities of certificates of deposit, net of purchases | |||||||||
- | - | - | - | - | - | 230 | 1,601 | 5,312 | 17,065 |
Restricted cash | |||||||||
- | - | - | - | 43,098 | 0 | 0 | - | - | - |
Restricted cash in less-than-wholly-owned subsidiaries | |||||||||
- | - | - | - | 650 | 609 | 0 | - | - | - |
Net Cash Provided by (Used in) Investing Activities | |||||||||
-903,976 | -1,515,253 | -819,284 | -448,739 | -425,154 | -570,531 | -366,939 | -306,916 | -160,088 | -147,334 |
Financing activities | |||||||||
Repayments of borrowings | |||||||||
35,000 | 370,000 | 0 | 120,000 | 476,982 | 180,000 | 130,000 | 123,000 | 103,000 | - |
Borrowings under Credit Agreement | |||||||||
250,000 | 410,000 | 0 | 120,000 | 125,000 | 320,000 | 180,000 | 160,000 | 191,000 | 25,000 |
Borrowings under San Mateo Credit Facility | |||||||||
68,000 | 220,000 | 0 | 0 | - | - | - | - | - | - |
Cost to enter into or amend credit facilities | |||||||||
1,443 | 3,077 | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuance of senior unsecured notes | |||||||||
0 | 1,051,500 | 0 | 184,625 | 400,000 | 0 | 0 | 24 | 0 | - |
Cost to issue senior unsecured notes | |||||||||
0 | 14,098 | 0 | 2,734 | 9,598 | 0 | 0 | - | - | - |
Purchase of senior unsecured notes | |||||||||
0 | 605,780 | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuance of common stock | |||||||||
0 | 226,612 | 208,720 | 288,510 | 188,720 | 181,875 | 149,069 | 146,510 | 592 | 20,652 |
Cost to issue equity | |||||||||
0 | 204 | 280 | 847 | 1,158 | 590 | 7,390 | 11,599 | 1,710 | 172 |
Proceeds from stock options exercised | |||||||||
3,300 | 815 | 2,920 | 100 | 10 | 43 | 0 | 2,660 | 837 | 1,978 |
Capital commitments from non-controlling interest owners of less-than-wholly-owned subsidiaries | |||||||||
- | - | - | - | 562 | - | - | - | - | - |
Contributions related to formation of San Mateo I | |||||||||
14,700 | 14,700 | 171,500 | 0 | 0 | - | - | - | - | - |
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries | |||||||||
77,330 | 85,750 | 44,100 | 0 | 0 | 150 | 0 | - | - | - |
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries | |||||||||
39,200 | 121,520 | 10,045 | 0 | 0 | - | - | - | - | - |
Taxes paid related to net share settlement of stock-based compensation | |||||||||
3,691 | 6,466 | 5,763 | 1,948 | 1,610 | 308 | 18 | 0 | 0 | - |
Purchase of non-controlling interest of less-than-wholly-owned subsidiary | |||||||||
0 | 0 | -2,653 | 0 | 0 | - | - | - | - | - |
Cash paid under financing lease obligations | |||||||||
918 | 0 | 0 | - | - | - | - | - | - | - |
Payment of dividends - Class B | |||||||||
- | - | - | - | - | - | - | 96 | 275 | 275 |
Purchases of treasury stock | |||||||||
- | - | - | - | - | - | - | - | - | 10,292 |
Net Cash Provided by (Used in) Financing Activities | |||||||||
333,078 | 888,232 | 408,499 | 467,706 | 224,944 | 321,170 | 191,661 | 174,499 | 87,444 | 36,891 |
Decrease in cash and restricted cash | |||||||||
-18,856 | -18,498 | -111,660 | 153,053 | 8,325 | 2,120 | 4,192 | -8,189 | -10,776 | -83,170 |