| 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) | ||||||||||
-56,672 | 2,023 | -127,504 | -245,928 | -68,280 | 155,435 | -22,301 | -130,712 | - | - | - |
Net income (loss) | ||||||||||
- | - | - | - | - | - | - | - | 13,437 | 5,934 | -81,093 |
Adjustments to net income (loss) to reconcile to net cash provided by operating activities: | ||||||||||
Net change in fair value of unsettled derivatives | ||||||||||
-145,246 | 260,775 | -17,260 | -333,770 | -35,791 | 311,281 | -36,801 | -17,134 | 28,601 | 12,625 | -116,623 |
Depreciation, depletion and amortization | ||||||||||
644,152 | 559,793 | 469,084 | 416,874 | 303,258 | 201,656 | 129,518 | 146,879 | 135,154 | 111,062 | 131,004 |
Impairment of natural gas and crude oil properties | ||||||||||
- | - | - | - | - | 167,280 | 53,802 | 168,149 | 25,159 | 11,147 | 8,205 |
Impairment of properties and equipment | ||||||||||
38,536 | 458,397 | 285,887 | 9,973 | 161,620 | - | - | - | - | - | - |
Impairment of goodwill | ||||||||||
0 | 0 | 75,121 | 0 | 0 | - | - | - | - | - | - |
Exploratory dry hole costs | ||||||||||
0 | 113 | 41,297 | 0 | 0 | - | - | -15,347 | -177 | -4,199 | -1,059 |
Provision for uncollectible notes receivable | ||||||||||
0 | 0 | -40,203 | 44,038 | 0 | 0 | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||||
0 | 0 | -24,747 | 0 | 0 | - | - | -23,283 | 0 | 0 | - |
Prepaid well write-offs | ||||||||||
- | - | - | - | - | - | - | 3,916 | 1,359 | 668 | - |
Accretion of asset retirement obligations | ||||||||||
6,117 | 5,075 | 6,306 | 7,080 | 6,293 | 3,455 | 4,747 | 4,060 | 1,897 | 1,423 | 1,368 |
Non-cash stock-based compensation | ||||||||||
23,837 | 21,782 | 19,353 | 19,502 | 20,068 | 17,518 | 12,880 | 8,495 | 8,781 | 5,314 | 5,935 |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | - | - | 1,999 | 2,489 | 0 | 1,311 | 293 | 0 |
(Gain) loss on sale of properties and equipment | ||||||||||
-9,734 | -394 | 766 | 43 | 385 | 75,972 | -3,722 | 24,273 | 4,263 | -299 | 105 |
Amortization of debt discount and issuance costs | ||||||||||
13,575 | 12,769 | 12,907 | 16,167 | 7,040 | 6,938 | 6,783 | 7,864 | 6,265 | 4,618 | 5,302 |
Deferred income taxes | ||||||||||
-2,256 | 6,105 | -203,685 | -137,249 | -41,415 | 88,474 | -15,883 | -80,379 | 9,530 | 1,179 | -18,084 |
Other | ||||||||||
168,813 | 20,801 | -4,064 | 8,338 | 1,446 | -1,755 | 3,165 | -592 | 2,796 | 730 | - |
Other | ||||||||||
-3,155 | -2,763 | -2,265 | -2,603 | 3,216 | 1,329 | -170 | -4,123 | -135 | -307 | -31,089 |
Total adjustments to net income (loss) to reconcile to net cash from operating activities: | ||||||||||
882,096 | 806,416 | 709,573 | 712,715 | 489,054 | 94,740 | 230,051 | 294,598 | 154,282 | 127,298 | 251,307 |
Changes in current assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
88,304 | -12,025 | 60,546 | 32,627 | -24,815 | -34,598 | -41,509 | 6,843 | -3,451 | 2,122 | 13,197 |
Other assets | ||||||||||
11,560 | 81 | -3,364 | -2,303 | 2,264 | -3,296 | 3,461 | -2,908 | -3,893 | 22,616 | 3,032 |
Production tax liability | ||||||||||
22,240 | 35,225 | 31,316 | 9,223 | -1,629 | -3,358 | -4,121 | -2,499 | -5,436 | 6,818 | 4,541 |
Accounts payable and accrued expenses | ||||||||||
-29,578 | 16,261 | 31,378 | -162 | -30,310 | -21,453 | 11,485 | 5,050 | -12,422 | -1,172 | 22,482 |
Funds held for future distribution | ||||||||||
7,298 | -9,973 | -24,472 | -36,510 | -2,699 | -4,372 | - | - | - | - | - |
Changes in assets and liabilities | ||||||||||
-32,802 | -80,863 | -15,744 | -19,476 | 9,701 | -13,486 | -48,585 | 10,835 | -885 | 18,581 | -26,319 |
Net cash from operating activities | ||||||||||
858,226 | 889,302 | 597,813 | 486,263 | 411,073 | 236,689 | 159,165 | 174,721 | 166,834 | 151,813 | 143,895 |
Cash flows from investing activities: | ||||||||||
Capital expenditures for development of crude oil and natural gas properties | ||||||||||
855,908 | 946,350 | 737,208 | 436,884 | 599,546 | 623,750 | 394,948 | 347,729 | 334,496 | 162,723 | 143,033 |
Capital expenditures for other properties and equipment | ||||||||||
20,839 | 11,055 | 5,094 | 3,464 | 5,122 | 4,842 | - | - | - | - | - |
Acquisition of crude oil and natural gas properties, including settlement adjustments | ||||||||||
13,207 | 180,026 | 15,628 | 1,073,723 | 0 | 0 | 9,658 | 312,223 | 145,894 | 158,051 | 0 |
Proceeds from acquisition adjustments | ||||||||||
- | - | - | - | - | - | -7,579 | -14,469 | 0 | 0 | - |
Proceeds from sale of properties and equipment | ||||||||||
2,105 | 3,562 | 9,991 | 4,945 | 405 | 154,457 | 179,919 | 193,544 | 23,140 | 23,369 | 755 |
Proceeds from Divestiture of Businesses | ||||||||||
202,076 | 44,693 | 0 | 0 | - | - | - | - | - | - | - |
Sale of promissory note | ||||||||||
0 | 0 | 40,203 | 0 | 0 | - | - | - | - | - | - |
Restricted cash | ||||||||||
-8,001 | -1,249 | 9,250 | 0 | 0 | 2,214 | -8 | 8,859 | -8,603 | 219 | 15,564 |
Sale of short-term investments | ||||||||||
0 | 0 | 49,890 | 0 | 0 | - | - | - | - | - | - |
Purchase of short-term investments | ||||||||||
0 | 0 | 49,890 | 0 | 0 | - | - | - | - | - | - |
Net cash from investing activities | ||||||||||
-677,772 | -1,087,927 | -716,986 | -1,509,126 | -604,263 | -474,135 | -217,108 | -451,939 | -456,401 | -300,932 | -142,278 |
Cash flows from financing activities: | ||||||||||
Proceeds from revolving credit facility | ||||||||||
1,577,000 | 1,072,500 | 0 | 85,000 | 397,000 | 263,750 | 260,250 | 682,000 | 417,194 | 414,500 | 285,086 |
Repayment of revolving credit facility | ||||||||||
1,605,500 | 1,040,000 | 0 | 122,000 | 416,000 | 200,000 | 283,500 | 839,750 | 183,713 | 494,500 | - |
Proceeds from issuance of equity, net of issuance costs | ||||||||||
- | - | - | 855,074 | 202,851 | 0 | 275,847 | 164,496 | 0 | 125,506 | 48,490 |
Proceeds from issuance of senior notes | ||||||||||
0 | 0 | 592,366 | 392,172 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of convertible senior notes | ||||||||||
- | - | - | 193,935 | 0 | 0 | - | - | - | - | - |
Proceeds from senior notes | ||||||||||
- | - | - | - | - | - | - | 500,000 | 0 | 115,000 | 0 |
Redemption of senior notes | ||||||||||
0 | 0 | 519,375 | 0 | 0 | - | - | 221,840 | 0 | 0 | - |
Redemption of convertible notes | ||||||||||
- | - | 519,375 | 115,000 | 0 | 0 | - | - | - | - | - |
Payment of credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | - | 399,586 |
Payments of Debt Issuance Costs | ||||||||||
72 | 7,704 | 50 | 15,556 | 974 | 88 | 2,352 | 11,969 | 680 | 8,541 | 9,249 |
Principal payments under capital lease obligations | ||||||||||
- | - | - | - | - | - | 0 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | - | 128 | 0 | 0 | - | - |
Treasury Stock, Value, Acquired, Cost Method | ||||||||||
4,003 | 5,147 | 6,672 | 6,935 | 6,055 | 5,392 | 4,133 | 1,500 | 3,143 | -788 | -364 |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | - | - | 1,999 | 2,489 | 0 | 1,311 | 293 | 0 |
Contribution by investing partner in PDCM | ||||||||||
- | - | - | - | - | - | - | - | 12,464 | 20,077 | 55,000 |
Finance Lease, Principal Payments | ||||||||||
1,952 | 1,495 | 1,168 | - | - | - | - | - | - | - | - |
Stock Repurchased and Retired During Period, Value | ||||||||||
-154,363 | 0 | 0 | - | - | - | - | - | - | - | - |
Other | ||||||||||
0 | -55 | -103 | -577 | 1,152 | 0 | - | - | 849 | -3,527 | 0 |
Net cash from financing activities | ||||||||||
-188,890 | 18,099 | 64,998 | 1,266,113 | 177,974 | 60,269 | 248,729 | 271,437 | 243,433 | 171,547 | -20,623 |
Net change in cash, cash equivalents, and restricted cash | ||||||||||
-8,436 | -180,526 | -54,175 | 243,250 | -15,216 | -177,177 | 190,786 | -5,781 | -46,134 | 22,428 | -19,006 |
Cash payments (receipts) for: | ||||||||||
Interest, net of capitalized interest | ||||||||||
- | - | - | - | 45,642 | 46,809 | 48,844 | 41,768 | 29,429 | 28,335 | 32,014 |
Income taxes | ||||||||||
- | - | - | - | 10,049 | 1,800 | -3,014 | 1,845 | -1,498 | -27,322 | -3,355 |
Non-cash investing and financing activities: | ||||||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |
Change in accounts payable related to purchases of properties and equipment | ||||||||||
- | - | - | - | -45,230 | 39,667 | 33,328 | 288 | 23,837 | 15,787 | -36,765 |
Change in asset retirement obligation, with a corresponding change to crude oil and natural gas properties, net of disposals | ||||||||||
-21,511 | -13,341 | -10,176 | -4,109 | -4,458 | 33,250 | 2,112 | 11,967 | 17,538 | 3,624 | 5,110 |
Change in accounts receivable related to disposition of properties and equipment | ||||||||||
- | - | - | - | - | - | 808 | 0 | 0 | - | - |
Change in other assets related to disposition of properties and equipment | ||||||||||
- | - | - | - | - | 39,048 | 3,350 | 0 | 0 | - | - |
Change in asset retirement obligation, with a corresponding change to crude oil and natural gas properties, net of disposal | ||||||||||
- | - | - | - | 14,030 | - | - | - | - | - | - |
Purchase of properties and equipment under capital leases | ||||||||||
- | - | - | - | 1,601 | 0 | 0 | - | - | - | - |
Change in paid-in capital related to convertible debt, net of tax | ||||||||||
- | - | - | - | - | - | - | - | - | 12,850 | 0 |