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 income $ 1,549 $ 87,808
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss from discontinued operations (5,448) 416
Depreciation, depletion and amortization 4,971 3,289
Gain on revision of asset retirement obligations   (3,325)
Other amortization 181 357
Deferred taxes 12,725 (66,191)
Unrealized foreign exchange (gain) loss (46) 819
Stock-based compensation 2,770 3,729
Cash settlements paid on exercised stock appreciation rights (261) (82)
Derivative instruments (gain) loss (2,266) 2,036
Cash settlements received on matured derivative contracts, net 2,056 28
Bad debt (recovery) expense 30 (68)
Other operating (income) loss, net 37 (332)
Operational expenses associated with equipment and other (62) 1,695
Change in operating assets and liabilities:    
Trade receivables 4,404 3,556
Accounts with joint venture owners 12,354 7,961
Other receivables 219 (313)
Crude oil inventory 10 1,031
Prepayments and other (1,979) (13)
Value added tax and other receivables 664 (658)
Deferred tax assets   (1,356)
Accounts payable (2,154) (4,314)
Foreign taxes payable (122) 1,775
Accrued liabilities and other 4,092 (850)
Net cash provided by continuing operating activities 33,724 36,998
Net cash used in discontinued operating activities (4,673) (958)
Net cash provided by operating activities 29,051 36,040
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (3,382) (13,205)
Net cash used in continuing investing activities (3,382) (13,205)
Net cash used in discontinued investing activities
Net cash used in investing activities (3,382) (13,205)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock 133 533
Treasury shares (2,425) (22)
Debt repayment   (9,166)
Net cash used in continuing financing activities (2,292) (8,655)
Net cash used in discontinued financing activities
Net cash used in financing activities (2,292) (8,655)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 23,377 14,180
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 46,655 32,286
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 70,032 46,466
Supplemental disclosure of cash flow information:    
Interest paid   257
Income taxes paid   2,720
Income taxes paid in-kind with crude oil 7,347 9,385
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred but not paid at end of period 7,042 2,045
Oil and natural gas property additions paid with non-cash assets   4,197
Recognition of right-of-use operating lease assets 44,681  
Recognition of right-of-use operating lease liabilities 44,656  
Asset retirement obligations $ 292 $ (6,527)

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