v3.19.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net income (loss) $ 4,641 $ (90,248) $ (51,673)
Adjustments to reconcile net income (loss):      
Depreciation and amortization 20,391 25,102 55,685
(Gain) loss on disposition of assets, net 53 (384) 135
Reorganization items 0 62,470 0
Deferred tax expense (benefit) 3,254 (1,685) (896)
Expenses not requiring cash 3,680 2,575 4,030
Change in assets and liabilities:      
Accounts and notes receivable 5,473 (32,842) (392)
Other assets (5,239) (6,542) 8,112
Accounts payable and accrued liabilities (12,731) 55,780 (6,026)
Accrued income taxes (2,581) 688 (944)
Net cash provided by (used in) operating activities 16,941 14,914 8,031
Cash flows from investing activities:      
Capital expenditures (25,085) (9,231) (32,549)
Proceeds from the sale of assets 257 101 851
Net cash provided by (used in) investing activities (24,828) (9,130) (31,698)
Cash flows from financing activities:      
Payments of debt issuance costs (275) (490) (1,440)
Proceeds from rights offering 0 95,000 0
Payment of amounts borrowed under debtor in possession financing 0 (10,000) 0
Predecessor preferred stock dividend 0 0 (1,813)
Shares surrendered in lieu of tax 0 0 (170)
Net cash provided by (used in) financing activities (275) 84,510 (3,423)
Net increase (decrease) in cash and cash equivalents and restricted cash (8,162) 90,294 (27,090)
Cash and cash equivalents and restricted cash at beginning of period 149,285 58,991 141,549
Cash and cash equivalents and restricted cash at end of period $ 141,123 $ 149,285 $ 114,459

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