| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
146,508 | 49,880 | -47,076 | -33,040 | -14,437 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation, depletion and amortization | ||||||
296,685 | 168,250 | 81,757 | 55,890 | 14,988 | ||
Accretion of asset retirement obligations | ||||||
- | - | - | 354 | 309 | ||
Impairment of proved and unproved oil and gas properties | ||||||
- | - | - | 9,312 | 24,721 | ||
Dry hole expense | ||||||
- | - | - | 7,248 | - | ||
Impairments of unproved properties | ||||||
10,504 | 20,834 | 3,051 | - | 208 | ||
Impairment of NLA Disposal Group | ||||||
214,274 | - | - | - | - | ||
Amortization of debt issuance cost | ||||||
3,098 | 2,575 | 479 | 711 | - | ||
Accretion of senior note discount | ||||||
132 | 342 | - | 0 | - | ||
(Gain) loss on derivative instruments | ||||||
35,393 | -55,483 | -26,771 | 13,854 | 6,514 | ||
Cash settlements on derivative instruments | ||||||
-113,637 | 1,517 | 4,975 | 11,517 | -2,712 | ||
Deferred income tax expense (benefit) | ||||||
41,193 | -39,831 | -5,575 | 604 | -189 | ||
Debt extinguishment benefit | ||||||
- | 11 | -1,667 | 0 | - | ||
Amortization of equity awards | ||||||
19,468 | 6,644 | 68 | 0 | - | ||
Incentive unit compensation expense | ||||||
13,776 | - | - | - | - | ||
(Gain) loss on sale of properties | ||||||
2,781 | - | -43 | 0 | - | ||
Loss on equity investment | ||||||
-676 | - | - | - | - | ||
Consideration paid to customers, net of amortization | ||||||
1,817 | - | - | - | - | ||
Changes in operating assets and liabilities: | ||||||
Increase in accounts receivable | ||||||
8,206 | 56,828 | 16,300 | -15,421 | 19,416 | ||
Increase in prepaid expenses | ||||||
576 | 390 | 448 | -165 | 336 | ||
Increase in inventories | ||||||
1,056 | 648 | - | -108 | -450 | ||
(Decrease) increase in accounts payable and accrued liabilities | ||||||
33,678 | 69,555 | -27,150 | -8,872 | 28,588 | ||
Net cash provided by operating activities | ||||||
616,526 | 277,372 | 22,262 | - | - | ||
Net cash flow provided by operating activities | ||||||
- | - | - | 50,096 | 25,660 | ||
Cash flows from investing activities: | ||||||
Acquisitions of oil and gas properties | ||||||
53,814 | 551,242 | 436,072 | 165,836 | - | ||
Additions to oil and gas properties | ||||||
1,051,891 | 700,546 | 125,837 | 253,922 | 128,667 | ||
Additions to and acquisitions of other property and equipment | ||||||
83,597 | 15,959 | 5,403 | 23,653 | 300 | ||
Contribution to equity method investee | ||||||
10,177 | - | - | - | - | ||
Sales of other property and equipment | ||||||
- | - | 102 | 22 | - | ||
Proceeds from NLA Divestiture | ||||||
207,924 | - | - | - | - | ||
Net cash used in investing activities | ||||||
-991,555 | -1,267,747 | -567,210 | - | - | ||
Change in restricted cash | ||||||
- | - | - | 250 | - | ||
Net cash used in investing activities | ||||||
- | - | - | -443,639 | -128,967 | ||
Cash flows from financing activities: | ||||||
Advances on revolving credit facilities | ||||||
1,085,000 | 513,500 | 383,450 | 153,400 | 67,400 | ||
Payments on revolving credit facilities | ||||||
867,353 | 469,897 | 378,700 | 63,500 | 50,300 | ||
Debt issuance cost | ||||||
4,736 | 15,279 | 3,607 | 875 | 57 | ||
Termination of second lien | ||||||
- | - | 225 | 0 | - | ||
Proceeds from senior notes offering | ||||||
204,000 | 494,744 | - | 0 | - | ||
Proceeds from the issuance of preferred stock | ||||||
- | 435,000 | - | 0 | - | ||
Proceeds from the issuance of common stock | ||||||
- | 34,457 | 412,500 | 0 | - | ||
Preferred stock dividends | ||||||
20,267 | - | - | - | - | ||
Previous owner and predecessor contributions | ||||||
- | - | 110,280 | 335,456 | - | ||
Repurchase of vested restricted stock | ||||||
6,894 | 564 | - | - | - | ||
Repurchase of vested restricted stock | ||||||
- | - | - | 0 | - | ||
Net cash provided by financing activities | ||||||
389,750 | 986,600 | 505,272 | - | - | ||
Predecessor contributions | ||||||
- | - | - | - | 97,546 | ||
Net cash provided by financing activities | ||||||
- | - | - | 424,481 | 114,589 | ||
Net change in cash, cash equivalents and restricted cash | ||||||
14,721 | -3,775 | -39,676 | 30,938 | 11,282 | ||
Convertible Preferred Stock | ||||||
Cost incurred in conjunction with the issuance of stock | ||||||
- | 2,663 | - | - | - | ||
Common Stock | ||||||
Cost incurred in conjunction with the issuance of stock | ||||||
0 | 2,698 | 18,426 | - | - | ||