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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
CONDENSED CONSOLIDATING BALANCE SHEETS | CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)
| June 30, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 10,940 |  |  | $ | 9,799 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 20,777 |
Accounts receivable - oil and natural gas sales | 4,116 |  |  | 127,559 |  |  | — |  |  | — |  |  | 131,675 |
Accounts receivable - joint interest and other | 9,043 |  |  | 37,602 |  |  | — |  |  | — |  |  | 46,645 |
Accounts receivable - intercompany | 819,584 |  |  | 433,776 |  |  | — |  |  | (1,253,360 | ) |  | — |
Prepaid expenses and other current assets | 5,948 |  |  | 3,451 |  |  | 75 |  |  | — |  |  | 9,474 |
Short-term derivative instruments | 134,920 |  |  | — |  |  | — |  |  | — |  |  | 134,920 |
Total current assets | 984,551 |  |  | 612,187 |  |  | 113 |  |  | (1,253,360 | ) |  | 343,491 |
Property and equipment: |  |  |  |  |  |  |  |  |
Oil and natural gas properties, full-cost accounting | 1,352,894 |  |  | 9,158,193 |  |  | 69 |  |  | (729 | ) |  | 10,510,427 |
Other property and equipment | 92,343 |  |  | 751 |  |  | 3,319 |  |  | — |  |  | 96,413 |
Accumulated depletion, depreciation, amortization and impairment | (1,414,011 | ) |  | (3,468,663 | ) |  | (55 | ) |  | — |  |  | (4,882,729 | )
Property and equipment, net | 31,226 |  |  | 5,690,281 |  |  | 3,333 |  |  | (729 | ) |  | 5,724,111 |
Other assets: |  |  |  |  |  |  |  |  |
Equity investments and investments in subsidiaries | 5,171,925 |  |  | — |  |  | 51,607 |  |  | (5,104,225 | ) |  | 119,307 |
Long-term derivative instruments | 5,036 |  |  | — |  |  | — |  |  | — |  |  | 5,036 |
Deferred tax asset | 179,331 |  |  | — |  |  | — |  |  | — |  |  | 179,331 |
Inventories | 188 |  |  | 8,813 |  |  | — |  |  | — |  |  | 9,001 |
Operating lease assets | 19,334 |  |  | — |  |  | — |  |  | — |  |  | 19,334 |
Operating lease assets - related parties | 53,579 |  |  | — |  |  | — |  |  | — |  |  | 53,579 |
Other assets | 11,682 |  |  | 598 |  |  | — |  |  | — |  |  | 12,280 |
Total other assets | 5,441,075 |  |  | 9,411 |  |  | 51,607 |  |  | (5,104,225 | ) |  | 397,868 |
Total assets | $ | 6,456,852 |  |  | $ | 6,311,879 |  |  | $ | 55,053 |  |  | $ | (6,358,314 | ) |  | $ | 6,465,470 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 74,597 |  |  | $ | 419,190 |  |  | $ | 43 |  |  | $ | — |  |  | $ | 493,830 |
Accounts payable - intercompany | 469,071 |  |  | 780,600 |  |  | 3,689 |  |  | (1,253,360 | ) |  | — |
Short-term derivative instruments | 198 |  |  | — |  |  | — |  |  | — |  |  | 198 |
Current portion of operating lease liabilities | 17,999 |  |  | — |  |  | — |  |  | — |  |  | 17,999 |
Current portion of operating lease liabilities - related parties | 20,817 |  |  | — |  |  | — |  |  | — |  |  | 20,817 |
Current maturities of long-term debt | 615 |  |  | — |  |  | — |  |  | — |  |  | 615 |
Total current liabilities | 583,297 |  |  | 1,199,790 |  |  | 3,732 |  |  | (1,253,360 | ) |  | 533,459 |
Long-term derivative instruments | 210 |  |  | — |  |  | — |  |  | — |  |  | 210 |
Asset retirement obligation - long-term | 30,035 |  |  | 58,456 |  |  | — |  |  | — |  |  | 88,491 |
Deferred tax liability | 3,127 |  |  | — |  |  | — |  |  | — |  |  | 3,127 |
Non-current operating lease liabilities | 1,335 |  |  | — |  |  | — |  |  | — |  |  | 1,335 |
Non-current operating lease liabilities - related parties | 32,762 |  |  | — |  |  | — |  |  | — |  |  | 32,762 |
Long-term debt, net of current maturities | 2,198,678 |  |  | — |  |  | — |  |  | — |  |  | 2,198,678 |
Total liabilities | 2,849,444 |  |  | 1,258,246 |  |  | 3,732 |  |  | (1,253,360 | ) |  | 2,858,062 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 1,594 |  |  | — |  |  | — |  |  | — |  |  | 1,594 |
Paid-in capital | 4,202,599 |  |  | 4,170,574 |  |  | 262,059 |  |  | (4,432,633 | ) |  | 4,202,599 |
Accumulated other comprehensive loss | (48,615 | ) |  | — |  |  | (46,527 | ) |  | 46,527 |  |  | (48,615 | )
(Accumulated deficit) retained earnings | (548,170 | ) |  | 883,059 |  |  | (164,211 | ) |  | (718,848 | ) |  | (548,170 | )
Total stockholders’ equity | 3,607,408 |  |  | 5,053,633 |  |  | 51,321 |  |  | (5,104,954 | ) |  | 3,607,408 |
Total liabilities and stockholders’ equity | $ | 6,456,852 |  |  | $ | 6,311,879 |  |  | $ | 55,053 |  |  | $ | (6,358,314 | ) |  | $ | 6,465,470 |
CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)
| December 31, 2018
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 25,585 |  |  | $ | 26,711 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 52,297 |
Accounts receivable - oil and natural gas sales | 146,075 |  |  | 64,125 |  |  | — |  |  | — |  |  | 210,200 |
Accounts receivable - joint interest and other | 16,212 |  |  | 6,285 |  |  | — |  |  | — |  |  | 22,497 |
Accounts receivable - intercompany | 671,633 |  |  | 319,464 |  |  | — |  |  | (991,097 | ) |  | — |
Prepaid expenses and other current assets | 8,433 |  |  | 2,174 |  |  | — |  |  | — |  |  | 10,607 |
Short-term derivative instruments | 21,352 |  |  | — |  |  | — |  |  | — |  |  | 21,352 |
Total current assets | 889,290 |  |  | 418,759 |  |  | 1 |  |  | (991,097 | ) |  | 316,953 |
Property and equipment: |  |  |  |  |  |  |  |  |
Oil and natural gas properties, full-cost accounting, | 7,044,550 |  |  | 2,983,015 |  |  | — |  |  | (729 | ) |  | 10,026,836 |
Other property and equipment | 91,916 |  |  | 751 |  |  | — |  |  | — |  |  | 92,667 |
Accumulated depletion, depreciation, amortization and impairment | (4,640,059 | ) |  | (39 | ) |  | — |  |  | — |  |  | (4,640,098 | )
Property and equipment, net | 2,496,407 |  |  | 2,983,727 |  |  | — |  |  | (729 | ) |  | 5,479,405 |
Other assets: |  |  |  |  |  |  |  |  |
Equity investments and investments in subsidiaries | 2,856,988 |  |  | — |  |  | 44,259 |  |  | (2,665,126 | ) |  | 236,121 |
Inventories | 3,620 |  |  | 1,134 |  |  | — |  |  | — |  |  | 4,754 |
Other assets | 12,624 |  |  | 1,178 |  |  | — |  |  | 1 |  |  | 13,803 |
Total other assets | 2,873,232 |  |  | 2,312 |  |  | 44,259 |  |  | (2,665,125 | ) |  | 254,678 |
Total assets | $ | 6,258,929 |  |  | $ | 3,404,798 |  |  | $ | 44,260 |  |  | $ | (3,656,951 | ) |  | $ | 6,051,036 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 419,107 |  |  | $ | 99,273 |  |  | $ | — |  |  | $ | — |  |  | $ | 518,380 |
Accounts payable - intercompany | 320,259 |  |  | 670,708 |  |  | 130 |  |  | (991,097 | ) |  | — |
Short-term derivative instruments | 20,401 |  |  | — |  |  | — |  |  | — |  |  | 20,401 |
Current maturities of long-term debt | 651 |  |  | — |  |  | — |  |  | — |  |  | 651 |
Total current liabilities | 760,418 |  |  | 769,981 |  |  | 130 |  |  | (991,097 | ) |  | 539,432 |
Long-term derivative instruments | 13,992 |  |  | — |  |  | — |  |  | — |  |  | 13,992 |
Asset retirement obligation - long-term | 66,859 |  |  | 13,093 |  |  | — |  |  | — |  |  | 79,952 |
Deferred tax liability | 3,127 |  |  | — |  |  | — |  |  | — |  |  | 3,127 |
Long-term debt, net of current maturities | 2,086,765 |  |  | — |  |  | — |  |  | — |  |  | 2,086,765 |
Total liabilities | 2,931,161 |  |  | 783,074 |  |  | 130 |  |  | (991,097 | ) |  | 2,723,268 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 1,630 |  |  | — |  |  | — |  |  | — |  |  | 1,630 |
Paid-in capital | 4,227,532 |  |  | 1,915,598 |  |  | 261,626 |  |  | (2,177,224 | ) |  | 4,227,532 |
Accumulated other comprehensive loss | (56,026 | ) |  | — |  |  | (53,783 | ) |  | 53,783 |  |  | (56,026 | )
(Accumulated deficit) retained earnings | (845,368 | ) |  | 706,126 |  |  | (163,713 | ) |  | (542,413 | ) |  | (845,368 | )
Total stockholders’ equity | 3,327,768 |  |  | 2,621,724 |  |  | 44,130 |  |  | (2,665,854 | ) |  | 3,327,768 |
Total liabilities and stockholders’ equity | $ | 6,258,929 |  |  | $ | 3,404,798 |  |  | $ | 44,260 |  |  | $ | (3,656,951 | ) |  | $ | 6,051,036 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Three months ended June 30, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Total revenues | $ | 280,291 |  |  | $ | 178,703 |  |  | $ | — |  |  | $ | — |  |  | $ | 458,994 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Lease operating expenses | 12,256 |  |  | 10,132 |  |  | — |  |  | — |  |  | 22,388 |
Production taxes | 2,820 |  |  | 5,278 |  |  | — |  |  | — |  |  | 8,098 |
Midstream gathering and processing expenses | 28,121 |  |  | 43,894 |  |  | — |  |  | — |  |  | 72,015 |
Depreciation, depletion and amortization | 80,132 |  |  | 44,764 |  |  | 55 |  |  | — |  |  | 124,951 |
General and administrative expenses | 16,745 |  |  | (3,583 | ) |  | 103 |  |  | — |  |  | 13,265 |
Accretion expense | 438 |  |  | 921 |  |  | — |  |  | — |  |  | 1,359 |
| 140,512 |  |  | 101,406 |  |  | 158 |  |  | — |  |  | 242,076 |
INCOME (LOSS) FROM OPERATIONS | 139,779 |  |  | 77,297 |  |  | (158 | ) |  | — |  |  | 216,918 |
OTHER EXPENSE (INCOME): |  |  |  |  |  |  |  |  |
Interest expense | 35,835 |  |  | (955 | ) |  | — |  |  | — |  |  | 34,880 |
Interest income | (120 | ) |  | (39 | ) |  | — |  |  | — |  |  | (159 | )
Insurance proceeds | (83 | ) |  | — |  |  | — |  |  | — |  |  | (83 | )
Loss (income) from equity method investments and investments in subsidiaries | 47,449 |  |  | — |  |  | (54 | ) |  | 78,187 |  |  | 125,582 |
Other expense | 1,073 |  |  | — |  |  | — |  |  | — |  |  | 1,073 |
| 84,154 |  |  | (994 | ) |  | (54 | ) |  | 78,187 |  |  | 161,293 |
INCOME (LOSS) BEFORE INCOME TAXES | 55,625 |  |  | 78,291 |  |  | (104 | ) |  | (78,187 | ) |  | 55,625 |
INCOME TAX BENEFIT | (179,331 | ) |  | — |  |  | — |  |  | — |  |  | (179,331 | )
NET INCOME (LOSS) | $ | 234,956 |  |  | $ | 78,291 |  |  | $ | (104 | ) |  | $ | (78,187 | ) |  | $ | 234,956 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Three months ended June 30, 2018
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Total revenues | $ | 146,774 |  |  | $ | 105,966 |  |  | $ | — |  |  | $ | — |  |  | $ | 252,740 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Lease operating expenses | 16,593 |  |  | 6,319 |  |  | — |  |  | — |  |  | 22,912 |
Production taxes | 4,793 |  |  | 2,866 |  |  | — |  |  | — |  |  | 7,659 |
Midstream gathering and processing expenses | 52,542 |  |  | 18,898 |  |  | — |  |  | — |  |  | 71,440 |
Depreciation, depletion and amortization | 121,915 |  |  | — |  |  | — |  |  | — |  |  | 121,915 |
General and administrative expenses | 14,975 |  |  | (968 | ) |  | 1 |  |  | — |  |  | 14,008 |
Accretion expense | 795 |  |  | 220 |  |  | — |  |  | — |  |  | 1,015 |
| 211,613 |  |  | 27,335 |  |  | 1 |  |  | — |  |  | 238,949 |
(LOSS) INCOME FROM OPERATIONS | (64,839 | ) |  | 78,631 |  |  | (1 | ) |  | — |  |  | 13,791 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |
Interest expense | 34,663 |  |  | (959 | ) |  | — |  |  | — |  |  | 33,704 |
Interest income | (27 | ) |  | (6 | ) |  | — |  |  | — |  |  | (33 | )
Insurance proceeds | (231 | ) |  | — |  |  | — |  |  | — |  |  | (231 | )
Gain on sale of equity method investments | (25,616 | ) |  | (96,419 | ) |  | — |  |  | — |  |  | (122,035 | )
(Income) loss from equity method investments and investments in subsidiaries | (183,901 | ) |  | (336 | ) |  | 228 |  |  | 175,121 |  |  | (8,888 | )
Other (income) expense | (1,046 | ) |  | 1 |  |  | — |  |  | 1,000 |  |  | (45 | )
| (176,158 | ) |  | (97,719 | ) |  | 228 |  |  | 176,121 |  |  | (97,528 | )
INCOME (LOSS) BEFORE INCOME TAXES | 111,319 |  |  | 176,350 |  |  | (229 | ) |  | (176,121 | ) |  | 111,319 |
INCOME TAX BENEFIT | — |  |  | — |  |  | — |  |  | — |  |  | — |
NET INCOME (LOSS) | $ | 111,319 |  |  | $ | 176,350 |  |  | $ | (229 | ) |  | $ | (176,121 | ) |  | $ | 111,319 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Six months ended June 30, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Total revenues | $ | 466,537 |  |  | $ | 313,035 |  |  | $ | — |  |  | $ | — |  |  | $ | 779,572 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Lease operating expenses | 27,149 |  |  | 15,046 |  |  | — |  |  | — |  |  | 42,195 |
Production taxes | 6,081 |  |  | 9,938 |  |  | — |  |  | — |  |  | 16,019 |
Midstream gathering and processing expenses | 71,420 |  |  | 70,877 |  |  | — |  |  | — |  |  | 142,297 |
Depreciation, depletion, and amortization | 198,564 |  |  | 44,765 |  |  | 55 |  |  | — |  |  | 243,384 |
General and administrative expenses | 28,977 |  |  | (4,258 | ) |  | 104 |  |  | — |  |  | 24,823 |
Accretion expense | 1,389 |  |  | 1,037 |  |  | — |  |  | — |  |  | 2,426 |
| 333,580 |  |  | 137,405 |  |  | 159 |  |  | — |  |  | 471,144 |
INCOME (LOSS) FROM OPERATIONS | 132,957 |  |  | 175,630 |  |  | (159 | ) |  | — |  |  | 308,428 |
OTHER EXPENSE (INCOME): |  |  |  |  |  |  |  |  |
Interest expense | 70,259 |  |  | (1,259 | ) |  | — |  |  | — |  |  | 69,000 |
Interest income | (267 | ) |  | (44 | ) |  | — |  |  | — |  |  | (311 | )
Insurance proceeds | (83 | ) |  | — |  |  | — |  |  | — |  |  | (83 | )
(Income) loss from equity method investments and investments in subsidiaries | (55,465 | ) |  | — |  |  | 339 |  |  | 176,435 |  |  | 121,309 |
Other expense | 646 |  |  | — |  |  | — |  |  | — |  |  | 646 |
| 15,090 |  |  | (1,303 | ) |  | 339 |  |  | 176,435 |  |  | 190,561 |
INCOME (LOSS) BEFORE INCOME TAXES | 117,867 |  |  | 176,933 |  |  | (498 | ) |  | (176,435 | ) |  | 117,867 |
INCOME TAX BENEFIT | (179,331 | ) |  | — |  |  | — |  |  | — |  |  | (179,331 | )
NET INCOME (LOSS) | $ | 297,198 |  |  | $ | 176,933 |  |  | $ | (498 | ) |  | $ | (176,435 | ) |  | $ | 297,198 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Six months ended June 30, 2018
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Total revenues | $ | 360,335 |  |  | $ | 217,797 |  |  | $ | — |  |  | $ | — |  |  | $ | 578,132 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Lease operating expenses | 30,424 |  |  | 11,394 |  |  | — |  |  | — |  |  | 41,818 |
Production taxes | 8,804 |  |  | 5,709 |  |  | — |  |  | — |  |  | 14,513 |
Midstream gathering and processing expenses | 98,208 |  |  | 37,425 |  |  | — |  |  | — |  |  | 135,633 |
Depreciation, depletion, and amortization | 232,932 |  |  | 1 |  |  | — |  |  | — |  |  | 232,933 |
General and administrative expenses | 28,786 |  |  | (1,681 | ) |  | 2 |  |  | — |  |  | 27,107 |
Accretion expense | 1,585 |  |  | 434 |  |  | — |  |  | — |  |  | 2,019 |
| 400,739 |  |  | 53,282 |  |  | 2 |  |  | — |  |  | 454,023 |
(LOSS) INCOME FROM OPERATIONS | (40,404 | ) |  | 164,515 |  |  | (2 | ) |  | — |  |  | 124,109 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |
Interest expense | 69,056 |  |  | (1,387 | ) |  | — |  |  | — |  |  | 67,669 |
Interest income | (58 | ) |  | (12 | ) |  | — |  |  | — |  |  | (70 | )
Insurance proceeds | (231 | ) |  | — |  |  | — |  |  | — |  |  | (231 | )
Gain on sale of equity method investments | (25,616 | ) |  | (96,419 | ) |  | — |  |  | — |  |  | (122,035 | )
(Income) loss from equity method investments and investments in subsidiaries | (283,765 | ) |  | (693 | ) |  | 558 |  |  | 261,476 |  |  | (22,424 | )
Other (income) expense | (1,130 | ) |  | (10 | ) |  | — |  |  | 1,000 |  |  | (140 | )
| (241,744 | ) |  | (98,521 | ) |  | 558 |  |  | 262,476 |  |  | (77,231 | )
INCOME (LOSS) BEFORE INCOME TAXES | 201,340 |  |  | 263,036 |  |  | (560 | ) |  | (262,476 | ) |  | 201,340 |
INCOME TAX BENEFIT | (69 | ) |  | — |  |  | — |  |  | — |  |  | (69 | )
NET INCOME (LOSS) | $ | 201,409 |  |  | $ | 263,036 |  |  | $ | (560 | ) |  | $ | (262,476 | ) |  | $ | 201,409 |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Amounts in thousands)
| Three months ended June 30, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net income (loss) | $ | 234,956 |  |  | $ | 78,291 |  |  | $ | (104 | ) |  | $ | (78,187 | ) |  | $ | 234,956 |
Foreign currency translation adjustment | 3,610 |  |  | 61 |  |  | 3,549 |  |  | (3,610 | ) |  | 3,610 |
Other comprehensive income (loss) | 3,610 |  |  | 61 |  |  | 3,549 |  |  | (3,610 | ) |  | 3,610 |
Comprehensive income (loss) | $ | 238,566 |  |  | $ | 78,352 |  |  | $ | 3,445 |  |  | $ | (81,797 | ) |  | $ | 238,566 |
| Three months ended June 30, 2018
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Net income (loss) | $ | 111,319 |  |  | $ | 176,350 |  |  | $ | (229 | ) |  | $ | (176,121 | ) |  | $ | 111,319 |
Foreign currency translation adjustment | (3,364 | ) |  | 14 |  |  | (3,378 | ) |  | 3,364 |  |  | (3,364 | )
Other comprehensive (loss) income | (3,364 | ) |  | 14 |  |  | (3,378 | ) |  | 3,364 |  |  | (3,364 | )
Comprehensive income (loss) | $ | 107,955 |  |  | $ | 176,364 |  |  | $ | (3,607 | ) |  | $ | (172,757 | ) |  | $ | 107,955 |
| Six months ended June 30, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net income (loss) | $ | 297,198 |  |  | $ | 176,933 |  |  | $ | (498 | ) |  | $ | (176,435 | ) |  | $ | 297,198 |
Foreign currency translation adjustment | 7,411 |  |  | 155 |  |  | 7,256 |  |  | (7,411 | ) |  | 7,411 |
Other comprehensive income (loss) | 7,411 |  |  | 155 |  |  | 7,256 |  |  | (7,411 | ) |  | 7,411 |
Comprehensive income (loss) | $ | 304,609 |  |  | $ | 177,088 |  |  | $ | 6,758 |  |  | $ | (183,846 | ) |  | $ | 304,609 |
| Six months ended June 30, 2018
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Net income (loss) | $ | 201,409 |  |  | $ | 263,036 |  |  | $ | (560 | ) |  | $ | (262,476 | ) |  | $ | 201,409 |
Foreign currency translation adjustment | (8,867 | ) |  | (173 | ) |  | (8,694 | ) |  | 8,867 |  |  | (8,867 | )
Other comprehensive (loss) income | (8,867 | ) |  | (173 | ) |  | (8,694 | ) |  | 8,867 |  |  | (8,867 | )
Comprehensive income (loss) | $ | 192,542 |  |  | $ | 262,863 |  |  | $ | (9,254 | ) |  | $ | (253,609 | ) |  | $ | 192,542 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Amounts in thousands)
| Six months ended June 30, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net cash provided by operating activities | $ | 230,776 |  |  | $ | 74,857 |  |  | $ | 3,355 |  |  | $ | 1 |  |  | $ | 308,989 |
Net cash (used in) provided by investing activities | (324,357 | ) |  | (91,769 | ) |  | (3,751 | ) |  | 432 |  |  | (419,445 | )
Net cash provided by (used in) financing activities | 78,936 |  |  | — |  |  | 433 |  |  | (433 | ) |  | 78,936 |
Net (decrease) increase in cash, cash equivalents and restricted cash | (14,645 | ) |  | (16,912 | ) |  | 37 |  |  | — |  |  | (31,520 | )
Cash, cash equivalents and restricted cash at beginning of period | 25,585 |  |  | 26,711 |  |  | 1 |  |  | — |  |  | 52,297 |
Cash, cash equivalents and restricted cash at end of period | $ | 10,940 |  |  | $ | 9,799 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 20,777 |
| Six months ended June 30, 2018
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Net cash provided by operating activities | $ | 370,965 |  |  | $ | 40,078 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 411,044 |
Net cash (used in) provided by investing activities | (327,362 | ) |  | (33,103 | ) |  | (1,569 | ) |  | 1,569 |  |  | (360,465 | )
Net cash (used in) provided by financing activities | (30,906 | ) |  | — |  |  | 1,570 |  |  | (1,570 | ) |  | (30,906 | )
Net increase in cash, cash equivalents and restricted cash | 12,697 |  |  | 6,975 |  |  | 1 |  |  | — |  |  | 19,673 |
Cash, cash equivalents and restricted cash at beginning of period | 67,908 |  |  | 31,649 |  |  | — |  |  | — |  |  | 99,557 |
Cash, cash equivalents and restricted cash at end of period | $ | 80,605 |  |  | $ | 38,624 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 119,230 |

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