v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ (83,982) $ (1,202)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 104,784 26,150
Deferred income taxes 5,523 (650)
Stock-based compensation 5,364 175
(Gain) loss on sale of fixed assets 325 (11)
(Gain) loss on derivative instruments 108,500 (1,382)
Net cash received (paid) in settlement of derivative instruments (17,193) 19
Amortization of debt issuance costs 1,723 168
Settlement of asset retirement obligations (551) (725)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable and accounts receivable, related parties (22,412) 122
(Increase) decrease in prepaid and other assets (176) (462)
Increase (decrease) in accounts payable and accrued liabilities and other 14,828 13,531
Increase (decrease) in accounts payable, related parties (211) (206)
Net cash provided by operating activities 116,522 35,527
Cash flows from investing activities:    
Additions to oil and natural gas properties (292,955) (93,536)
Acquisition of White Wolf (4,005) 0
Acquisition of land and leasehold, royalty, and mineral interest (15,245) (6,500)
Additions to other property and equipment (1,834) (343)
Proceeds from sale of other property and equipment 0 46
Net cash used in investing activities (314,039) (100,333)
Cash flows from financing activities:    
Proceeds from revolving credit facility 274,000 50,000
Repayment on revolving credit facility (80,000) (55,000)
Proceeds from issuance of Series A Preferred Stock and Warrants, net 0 95,000
Series A Preferred Stock issuance costs 0 (4,220)
Net proceeds from the Transaction 0 18,688
Distribution to noncontrolling interest 0 (40,487)
Distribution to Tema 0 (2,267)
Debt issuance costs (2,497) (661)
Dividends paid on preferred stock (7,388) 0
Restricted stock used for tax withholdings (258) 0
Payment on capital lease obligation (21) (25)
Net cash provided by financing activities 183,836 61,028
Net increase (decrease) in cash, cash equivalents, and restricted cash (13,681) (3,778)
Cash, cash equivalents, and restricted cash, beginning of period 24,682 8,434
Cash, cash equivalents, and restricted cash, end of period 11,001 4,656
Supplemental disclosures:    
Cash paid for interest 10,160 246
Supplemental noncash activity:    
Asset retirement obligations incurred 4,367 783
Net settlement of related party receivable and payable 0 199
Changes in accrued capital expenditures (2,035) 15,603
Changes in accounts payable for capital expenditures (7,662) 0
Reconciliation of Cash, Cash Equivalents and Restricted Cash    
Total cash, cash equivalents and restricted cash 24,682 8,434
Series A Preferred Stock    
Supplemental noncash activity:    
Preferred Stock dividends paid-in-kind 2,955 3,314
Series A Preferred Stock deemed dividend 0 6,700
Series B Preferred Stock    
Supplemental noncash activity:    
Preferred Stock dividends paid-in-kind 4,554 0
Series B Preferred Stock deemed dividend $ 984 $ 0

Source