| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
221,210 | 262,877 | 111,478 | -10,899 | 24,419 | 29,634 | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Provision for (benefit from) deferred income taxes | ||||||
-41,582 | -72,516 | 0 | 0 | - | - | |
Depletion | ||||||
78,178 | 58,830 | 40,519 | 29,820 | 35,436 | 27,601 | |
Loss (gain) on revaluation of investment | ||||||
-4,832 | 550 | 0 | 0 | - | - | |
Impairment | ||||||
- | - | - | 47,469 | 3,423 | 0 | |
Amortization of debt issuance costs | ||||||
978 | 737 | 589 | 401 | 314 | 112 | |
Non-cash unit-based compensation | ||||||
1,822 | 2,763 | 2,395 | 3,815 | 3,929 | 2,102 | |
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
- | - | -500 | 0 | 0 | 500 | |
Royalty income receivable | ||||||
19,266 | 13,069 | 15,711 | 4,144 | 1,130 | - | |
Royalty income receivable—related party | ||||||
7,087 | -1,653 | 1,672 | 0 | 0 | - | |
Accounts payable and accrued liabilities | ||||||
7,091 | 2,545 | 1,298 | 1,945 | -1,968 | 1,709 | |
Royalty income receivable | ||||||
- | - | - | - | - | -1,187 | |
Accounts payable—related party | ||||||
150 | 0 | 0 | -4 | 4 | -9,779 | |
Income tax payable | ||||||
169 | 151 | 0 | 0 | - | - | |
Other current assets | ||||||
140 | 28 | 177 | -224 | 595 | 253 | |
Net cash provided by operating activities | ||||||
236,691 | 244,493 | 139,219 | 68,627 | 63,832 | 51,813 | |
Cash flows from investing activities: | ||||||
Additions to oil and natural gas interests | ||||||
- | - | - | - | - | 5,276 | |
Acquisitions of oil and natural gas interests | ||||||
530,572 | 610,131 | 344,079 | 205,721 | 43,907 | 57,689 | |
Cost method investment | ||||||
- | - | - | - | - | 33,850 | |
Acquisition of land | ||||||
0 | 4,687 | 0 | 0 | - | - | |
Proceeds from sale of assets | ||||||
0 | 441 | 0 | 0 | - | - | |
Proceeds from the sale of investments | ||||||
0 | 124 | 0 | 0 | - | - | |
Net cash used in investing activities | ||||||
-530,572 | -614,253 | -344,079 | -205,721 | -43,907 | -96,815 | |
Cash flows from financing activities: | ||||||
Proceeds from borrowings under credit facility | ||||||
590,500 | 691,500 | 278,500 | 164,000 | 34,500 | 78,000 | |
Repayment on credit facility | ||||||
905,000 | 374,000 | 305,500 | 78,000 | 0 | 78,000 | |
Proceeds from Issuance of Senior Long-term Debt | ||||||
500,000 | 0 | 0 | - | - | - | |
Principal payment on subordinated note | ||||||
- | - | - | - | - | 2,885 | |
Debt issuance costs | ||||||
10,863 | 1,039 | 2,259 | 442 | 441 | 1,277 | |
Proceeds from public offerings | ||||||
340,860 | 305,773 | 380,412 | 125,580 | 0 | 234,546 | |
Public offering costs | ||||||
221 | 2,652 | 433 | 546 | 0 | 2,348 | |
Units purchased for tax withholding | ||||||
-353 | 0 | 0 | - | - | - | |
Proceeds from exercise of unit options | ||||||
0 | 140 | 0 | 0 | - | - | |
Contributions by members | ||||||
250 | 2,000 | 0 | 0 | - | - | |
Distribution of net proceeds from public offerings to Diamondback | ||||||
- | - | - | - | - | 148,760 | |
Distributions to Diamondback | ||||||
240,366 | 253,483 | 130,876 | 64,824 | 68,555 | 19,926 | |
Net cash provided by financing activities | ||||||
274,807 | 368,239 | 219,844 | 145,768 | -34,496 | 59,350 | |
Net increase (decrease) in cash | ||||||
-19,074 | -1,521 | 14,984 | 8,674 | -14,571 | 14,348 | |
Supplemental disclosure of cash flow information: | ||||||
Interest paid | ||||||
13,803 | 12,438 | 2,589 | 1,953 | 745 | 16,983 | |
Supplemental disclosure of non—cash transactions: | ||||||
OpCo units issued for the Drop-Down transaction (Note 3) | ||||||
497,162 | 0 | 0 | - | - | - | |
Common units issued for acquisition | ||||||
124,012 | 0 | 3,050 | - | - | 437,115 | |
Capitalized interest | ||||||
- | - | - | - | - | 5,275 | |