Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows provided by (used in) operating activities:    
Net loss including noncontrolling interests $ (11,104) $ (338,810)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 194,814 200,781
Impairments 34,062 699,852
Commodity derivative fair value losses (gains) 177,756 (565,833)
Gains on settled commodity derivatives 5,322 210,926
Equity-based compensation expense 5,642 3,329
Deferred income tax benefit (2,946) (109,985)
Equity in (earnings) loss of unconsolidated affiliates (18,694) 128,055
Dividends of earnings from unconsolidated affiliates 42,756 42,756
Amortization of deferred revenue (11,150)  
Amortization of debt issuance costs, debt discount, debt premium and other 4,536 2,440
Gain (loss) on early extinguishment of debt 43,204 (80,561)
Loss on convertible note equitization 39,046  
Changes in current assets and liabilities:    
Accounts receivable (7,200) (54,514)
Accrued revenue (21,199) 116,566
Other current assets 3,593 (583)
Accounts payable including related parties 16,527 (1,251)
Accrued liabilities (17,779) (19,593)
Revenue distributions payable 84,296 (33,333)
Other current liabilities 2,249 435
Net cash provided by operating activities 563,731 200,677
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (14,691) (10,357)
Drilling and completion costs (105,131) (300,483)
Additions to other property and equipment (3,336) (771)
Settlement of water earnout   125,000
Change in other liabilities (79)  
Change in other assets 262 (70)
Net cash used in investing activities (122,975) (186,681)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock   (42,690)
Issuance of senior notes 1,200,000  
Repayment of senior notes (660,516) (300,835)
Borrowings (repayments) on bank credit facilities, net (873,800) 330,000
Payment of debt issuance costs (15,370)  
Distributions to noncontrolling interests (24,699)  
Employee tax withholding for settlement of equity compensation awards (5,645) (32)
Convertible note equitization (60,461)  
Other (265) (439)
Net cash used in financing activities (440,756) (13,996)
Net decrease in cash and cash equivalents 0 0
Cash and cash equivalents, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 35,097 30,089
Increase in accounts payable and accrued liabilities for additions to property and equipment $ 35,882 $ 10,767