Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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 loss $ (74,619) $ (61,038)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 6,981 719
Amortization of debt issuance costs, discounts and fees 2,687 0
Share-based compensation 2,785 2,368
Share-based payments 545 0
Impairment charge and loss on transfer of assets 0 1,809
Gain on financial instruments not designated as hedges (3,491) 0
Other (1,826) 0
Net changes in working capital (Note 14) 5,864 4,103
Net cash used in operating activities (61,074) (52,039)
Cash flows from investing activities:    
Acquisition and development of natural gas properties (31,332) (268)
Proceeds from sale of asset 0 167
Deferred engineering costs (17,591) 0
Purchase of property - land (Note 14) (180) 0
Purchase of property, plant and equipment (2,553) (3,333)
Net cash used in investing activities (51,656) (3,434)
Cash flows from financing activities:    
Proceeds from borrowing under term loan 60,000 0
Payments of term loan financing costs (2,200) 0
Proceeds from issuance of common stock 0 133,800
Tax payments for net share settlement of equity awards (Note 14) (6,686) (5,664)
Equity offering costs 0 (4,090)
Net cash provided by financing activities 51,114 124,046
Net (decrease) increase in cash, cash equivalents and restricted cash (61,616) 68,573
Cash, cash equivalents and restricted cash, beginning of period 183,589 128,273
Cash, cash equivalents and restricted cash, end of period 121,973 196,846
Supplementary disclosure of cash flow information:    
Interest paid $ 2,816 $ 0