Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income (loss) $ 248,827 $ 79,682 $ (249,020)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 149,854 155,682 211,609
Ceiling test write-down of oil and natural gas properties 0 0 279,063
Gain on debt transactions (47,109) (7,811) (123,923)
Amortization and write-offs of debt items 2,850 1,715 2,548
Share-based compensation 3,540 7,191 11,013
Derivative (gain) loss (53,798) (4,199) 2,926
Derivatives cash (payments) receipts, net (28,164) 4,199 4,746
Deferred income taxes 500 217 28,392
Changes in operating assets and liabilities:      
Oil and natural gas receivables (2,361) (2,370) (7,005)
Joint interest receivables 5,120 2,131 12
Insurance reimbursements   31,740  
Income taxes 11,028 (1,063) (64,274)
Prepaid expenses and other assets 3,383 3,238 (14,946)
Escrow deposit - Apache lawsuit   (49,500)  
Asset retirement obligation settlements (28,617) (72,409) (72,320)
Cash advances from JV partners 16,629 (437) 4,420
Accounts payable, accrued liabilities and other 40,081 11,402 939
Net cash provided by operating activities 321,763 159,408 14,180
Investing activities:      
Investment in oil and natural gas properties and equipment (106,191) (106,174) (83,800)
Acquisition of property interest (16,782)    
Proceeds from sales of assets, net 56,588   1,500
Purchases of furniture, fixtures and other   (933) (96)
Net cash used in investing activities (66,385) (107,107) (82,396)
Financing activities:      
Borrowings on credit facility 61,000   340,000
Repayments on credit facility (40,000)   (340,000)
Extinguishment of debt – principal (903,194)    
Extinguishment of debt – premiums (21,850)    
Debt transactions costs (17,457) (421) (18,464)
Other (3,622) (1,295) (928)
Net cash (used in) provided by financing activities (321,143) (23,479) 53,038
(Decrease) increase in cash and cash equivalents (65,765) 28,822 (15,178)
Cash and cash equivalents, beginning of period 99,058 70,236 85,414
Cash and cash equivalents, end of period 33,293 99,058 70,236
11.00% 1.5 Lien Term Loan, Due November 2019      
Financing activities:      
Issuance of Senior Second Lien Notes/Lien Term Loan     75,000
Payment of interest (6,623) (8,227) $ (2,570)
9.75% Senior Second Lien Notes, Due November 2023      
Financing activities:      
Issuance of Senior Second Lien Notes/Lien Term Loan 625,000    
9.00%/10.75% Second Lien PIK Toggle Notes, Due May 2020      
Financing activities:      
Payment of interest (9,725) (7,335)  
8.50%/10.00% Third Lien PIK Toggle Notes, Due June 2021      
Financing activities:      
Payment of interest $ (4,672) $ (6,201)