Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (114,226) $ (94,229)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 13,988 1,034
Amortization of debt issuance costs, discounts and fees 6,674 0
Share-based compensation 3,526 3,279
Share-based payments 707 0
Impairment charge and loss on transfer of assets 0 4,513
Gain on sale of assets (2,831) 0
Gain on financial instruments not designated as hedges (3,497) 0
Other (1,538) 0
Net changes in working capital (Note 15) 10,516 10,591
Net cash used in operating activities (86,681) (74,812)
Cash flows from investing activities:    
Acquisition and development of natural gas properties (45,046) (255)
Proceeds from sale of assets 6,156 167
Deferred engineering costs (25,997) 0
Purchase of property - land (Note 15) (180) 0
Purchase of property, plant and equipment (2,552) (4,814)
Net cash used in investing activities (67,619) (4,902)
Cash flows from financing activities:    
Proceeds from borrowing under term loan 75,000 59,400
Payments of term loan financing costs (2,246) (2,179)
Proceeds from issuance of common stock 0 133,800
Tax payments for net share settlement of equity awards (Note 15) (6,686) (5,733)
Equity offering costs 0 (4,090)
Net cash provided by financing activities 66,068 181,198
Net (decrease) increase in cash, cash equivalents and restricted cash (88,232) 101,484
Cash, cash equivalents and restricted cash, beginning of period 183,589 128,273
Cash, cash equivalents and restricted cash, end of period 95,357 229,757
Supplementary disclosure of cash flow information:    
Interest paid $ 5,479 $ 0