| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
58,729 | 221,540 | -62,868 | -208,087 | -646,685 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||||||
Depreciation, depletion, amortization and accretion expense | ||||||
380,320 | 324,063 | 176,647 | 146,518 | 232,084 | ||
Write-down of oil and natural gas properties and other well inventory | ||||||
12,386 | 244 | 260 | - | - | ||
Write-down of oil and natural gas properties | ||||||
- | - | - | - | 603,388 | ||
Impairment | ||||||
- | - | - | 218 | 2,106 | ||
Amortization of deferred financing costs and original issue discount | ||||||
5,207 | 4,253 | 2,383 | 5,996 | 4,955 | ||
Equity based compensation, net of amounts capitalized | ||||||
6,964 | 2,893 | 875 | 1,083 | 1,719 | ||
Price risk management activities expense (income) | ||||||
-95,337 | 60,435 | -27,563 | -57,398 | 182,196 | ||
Net cash received (paid) on settled derivative instruments | ||||||
-8,820 | -111,147 | 23,834 | 172,182 | 181,927 | ||
Settlement of asset retirement obligations | ||||||
75,331 | 112,946 | 32,573 | 23,689 | 79,798 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-5,788 | 786 | 9,132 | 20,096 | -32,231 | ||
Other current assets | ||||||
15,114 | 2,624 | 4,441 | 3,040 | -9,244 | ||
Accounts payable | ||||||
7,523 | -48,825 | 2,409 | -68,042 | -77,022 | ||
Other current liabilities | ||||||
-35,459 | 32,044 | 46,364 | 51,240 | 55,659 | ||
Other non-current assets and liabilities, net | ||||||
43,797 | -15,171 | -4,732 | -4,442 | -754 | ||
Net cash provided by operating activities | ||||||
393,733 | 263,445 | 176,053 | 116,123 | 138,366 | ||
Cash flows from investing activities: | ||||||
Exploration, development and other capital expenditures | ||||||
463,409 | 240,914 | 155,177 | 113,032 | 245,716 | ||
Cash paid for acquisitions, net of cash acquired | ||||||
37,916 | -278,409 | 2,464 | 85,886 | 39,423 | ||
Proceeds from sale of other property and equipment | ||||||
5,369 | - | - | - | - | ||
Net cash provided by (used in) investing activities | ||||||
-495,956 | 37,495 | -157,641 | -198,918 | -285,139 | ||
Cash flows from financing activities: | ||||||
Redemption of Senior Notes and other long-term debt | ||||||
10,567 | 25,257 | 1,000 | - | - | ||
Proceeds from Bank Credit Facility | ||||||
110,000 | 319,000 | 10,000 | 15,000 | 120,000 | ||
Repayment of Bank Credit Facility | ||||||
25,000 | 54,000 | 15,000 | 10,000 | 30,000 | ||
Deferred financing costs | ||||||
1,963 | 17,002 | - | - | 269 | ||
Other deferred payments | ||||||
9,921 | - | - | - | - | ||
Payments of finance lease | ||||||
14,133 | 12,952 | 12,412 | 5,267 | - | ||
Employee stock transactions | ||||||
333 | - | - | - | - | ||
Contributions from Sponsors | ||||||
- | - | - | 93,750 | 75,000 | ||
Distributions to Sponsors | ||||||
- | - | - | 1,859 | 1,500 | ||
Net cash provided by (used in) financing activities | ||||||
48,083 | -193,211 | -18,412 | 91,624 | 108,231 | ||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-54,140 | 107,729 | - | 8,829 | -38,542 | ||
Supplemental Non-Cash Transactions: | ||||||
Capital expenditures included in accounts payable and accrued liabilities | ||||||
90,956 | 100,664 | 40,626 | 13,832 | 30,125,000 | ||
Supplemental Cash Flow Information: | ||||||
Interest paid, net of amounts capitalized | ||||||
62,571 | 53,476 | 47,994 | 55,254 | 37,247,000 | ||
LLC Bank Credit Facility | ||||||
Repayment of Bank Credit Facility | ||||||
- | 403,000 | 15,000 | 10,000 | - | ||