v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (58,550) $ 908
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization, accretion and impairment of oil and gas properties 68,625 57,315
Deferred income taxes 4,823 (17,400)
Stock-based compensation 2,924 3,288
(Gain) loss on disposition of property and equipment (11,114) 296
Loss on derivative instruments 76,170 41,082
Net cash paid in settlement of derivative instruments (7,167) (12,194)
Amortization of debt issuance costs 906 1,319
Settlement of asset retirement obligations (8) (283)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable and accounts receivable, related parties 5,533 (11,976)
Increase in prepaid and other assets (565) (369)
Increase (decrease) in accounts payable and accrued liabilities and other (4,600) 12,056
Increase (decrease) in accounts payable, related parties (224) 553
Net cash provided by operating activities 76,753 74,595
Cash flows from investing activities:    
Additions to oil and natural gas properties (148,861) (204,275)
Acquisition of White Wolf 0 (4,005)
Acquisition of land and leasehold, royalty and mineral interest (1,133) (14,725)
Proceeds received - Tatanka Asset sale 22,000 0
Additions to other property and equipment (88) (1,634)
Net cash used in investing activities (128,082) (224,639)
Cash flows from financing activities:    
Proceeds from revolving credit facility 66,000 213,000
Repayment on revolving credit facility (20,000) (68,000)
Debt issuance costs (658) (2,380)
Dividends paid on preferred stock (9,232) (4,129)
Restricted stock used for tax withholdings (247) (261)
Payment on capital lease obligation (7) (13)
Net cash provided by financing activities 35,856 138,217
Net decrease in cash, cash equivalents, and restricted cash (15,473) (11,827)
Cash and cash equivalents beginning of period 20,157 24,682
Cash and cash equivalents end of period 4,684 12,855
Supplemental disclosures:    
Cash paid for interest 8,954 3,748
Supplemental noncash activity:    
Asset retirement obligations incurred (7) 2,793
Changes in accrued capital expenditures (7,716) (16,971)
Changes in accounts payable for capital expenditures 1,211 3,161
Series A Preferred Stock    
Supplemental noncash activity:    
Series A Preferred Stock paid-in-kind 0 1,949
Preferred Stock cash dividends declared and payable 2,027 984
Series B Preferred Stock    
Supplemental noncash activity:    
Preferred Stock cash dividends declared and payable 3,908 2,275
Series B Preferred Stock dividends paid-in-kind 0 3,004
Series B Preferred Stock return 3,156 3,438
Series B Preferred Stock deemed dividend $ 741 $ 631

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