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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
CONDENSED CONSOLIDATING BALANCE SHEETS | CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)
| June 30, 2020 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 823 |  |  | $ | 1,748 |  |  | $ | 246 |  |  | $ | — |  |  | $ | 2,817 |
Accounts receivable - oil and natural gas sales | 860 |  |  | 64,785 |  |  | — |  |  | — |  |  | 65,645 |
Accounts receivable - joint interest and other | 2,949 |  |  | 16,440 |  |  | — |  |  | — |  |  | 19,389 |
Accounts receivable - intercompany | 1,482,102 |  |  | 1,150,631 |  |  | — |  |  | (2,632,733) |  |  | — |
Prepaid expenses and other current assets | 10,781 |  |  | 5 |  |  | 76 |  |  | — |  |  | 10,862 |
Short-term derivative instruments | 53,188 |  |  | — |  |  | — |  |  | — |  |  | 53,188 |
Total current assets | 1,550,703 |  |  | 1,233,609 |  |  | 322 |  |  | (2,632,733) |  |  | 151,901 |
Property and equipment: |  |  |  |  |  |  |  |  |
Oil and natural gas properties, full-cost accounting | 1,247,631 |  |  | 9,478,228 |  |  | 5,862 |  |  | (729) |  |  | 10,730,992 |
Other property and equipment | 92,768 |  |  | 51 |  |  | 4,019 |  |  | — |  |  | 96,838 |
Accumulated depletion, depreciation, amortization and impairment | (1,423,539) |  |  | (7,032,075) |  |  | (1,850) |  |  | — |  |  | (8,457,464) |
Property and equipment, net | (83,140) |  |  | 2,446,204 |  |  | 8,031 |  |  | (729) |  |  | 2,370,366 |
Other assets: |  |  |  |  |  |  |  |  |
Equity investments and investments in subsidiaries | 1,930,479 |  |  | 6,332 |  |  | 13,013 |  |  | (1,936,772) |  |  | 13,052 |
Long-term derivative instruments | 4,298 |  |  | — |  |  | — |  |  | — |  |  | 4,298 |
Operating lease assets | 3,640 |  |  | — |  |  | — |  |  | — |  |  | 3,640 |
Other assets | 29,216 |  |  | 7,784 |  |  | — |  |  | — |  |  | 37,000 |
Total other assets | 1,967,633 |  |  | 14,116 |  |  | 13,013 |  |  | (1,936,772) |  |  | 57,990 |
Total assets | $ | 3,435,196 |  |  | $ | 3,693,929 |  |  | $ | 21,366 |  |  | $ | (4,570,234) |  |  | $ | 2,580,257 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 46,085 |  |  | $ | 269,490 |  |  | $ | — |  |  | $ | — |  |  | $ | 315,575 |
Accounts payable - intercompany | 1,185,800 |  |  | 1,442,144 |  |  | 4,789 |  |  | (2,632,733) |  |  | — |
Short-term derivative instruments | 8,540 |  |  | — |  |  | — |  |  | — |  |  | 8,540 |
Current portion of operating lease liabilities | 3,356 |  |  | — |  |  | — |  |  | — |  |  | 3,356 |
Current maturities of long-term debt | 649 |  |  | — |  |  | — |  |  | — |  |  | 649 |
Total current liabilities | 1,244,430 |  |  | 1,711,634 |  |  | 4,789 |  |  | (2,632,733) |  |  | 328,120 |
Long-term derivative instruments | 45,615 |  |  | — |  |  | — |  |  | — |  |  | 45,615 |
Asset retirement obligation - long-term | — |  |  | 61,371 |  |  | — |  |  | — |  |  | 61,371 |
Uncertain tax position liability | 3,209 |  |  | — |  |  | — |  |  | — |  |  | 3,209 |
Non-current operating lease liabilities | 284 |  |  | — |  |  | — |  |  | — |  |  | 284 |
Long-term debt, net of current maturities | 1,910,318 |  |  | — |  |  | — |  |  | — |  |  | 1,910,318 |
Total liabilities | 3,203,856 |  |  | 1,773,005 |  |  | 4,789 |  |  | (2,632,733) |  |  | 2,348,917 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 1,601 |  |  | — |  |  | — |  |  | — |  |  | 1,601 |
Paid-in capital | 4,211,062 |  |  | 4,171,409 |  |  | 267,559 |  |  | (4,438,968) |  |  | 4,211,062 |
Accumulated other comprehensive loss | (54,991) |  |  | — |  |  | (52,562) |  |  | 52,562 |  |  | (54,991) |
Accumulated deficit | (3,926,332) |  |  | (2,250,485) |  |  | (198,420) |  |  | 2,448,905 |  |  | (3,926,332) |
Total stockholders’ equity | 231,340 |  |  | 1,920,924 |  |  | 16,577 |  |  | (1,937,501) |  |  | 231,340 |
Total liabilities and stockholders’ equity | $ | 3,435,196 |  |  | $ | 3,693,929 |  |  | $ | 21,366 |  |  | $ | (4,570,234) |  |  | $ | 2,580,257 |
CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)
| December 31, 2019 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,768 |  |  | $ | 3,097 |  |  | $ | 195 |  |  | $ | — |  |  | $ | 6,060 |
Accounts receivable - oil and natural gas sales | 859 |  |  | 120,351 |  |  | — |  |  | — |  |  | 121,210 |
Accounts receivable - joint interest and other | 5,279 |  |  | 42,696 |  |  | — |  |  | — |  |  | 47,975 |
Accounts receivable - intercompany | 1,065,593 |  |  | 843,223 |  |  | — |  |  | (1,908,816) |  |  | — |
Prepaid expenses and other current assets | 4,047 |  |  | 308 |  |  | 76 |  |  | — |  |  | 4,431 |
Short-term derivative instruments | 126,201 |  |  | — |  |  | — |  |  | — |  |  | 126,201 |
Total current assets | 1,204,747 |  |  | 1,009,675 |  |  | 271 |  |  | (1,908,816) |  |  | 305,877 |
Property and equipment: |  |  |  |  |  |  |  |  |
Oil and natural gas properties, full-cost accounting, | 1,314,933 |  |  | 9,273,681 |  |  | 7,850 |  |  | (729) |  |  | 10,595,735 |
Other property and equipment | 92,650 |  |  | 50 |  |  | 4,019 |  |  | — |  |  | 96,719 |
Accumulated depletion, depreciation, amortization and impairment | (1,418,888) |  |  | (5,808,254) |  |  | (1,518) |  |  | — |  |  | (7,228,660) |
Property and equipment, net | (11,305) |  |  | 3,465,477 |  |  | 10,351 |  |  | (729) |  |  | 3,463,794 |
Other assets: |  |  |  |  |  |  |  |  |
Equity investments and investments in subsidiaries | 3,064,503 |  |  | 6,332 |  |  | 21,000 |  |  | (3,059,791) |  |  | 32,044 |
Long-term derivative instruments | 563 |  |  | — |  |  | — |  |  | — |  |  | 563 |
Deferred tax asset | 7,563 |  |  | — |  |  | — |  |  | — |  |  | 7,563 |
Operating lease assets | 14,168 |  |  | — |  |  | — |  |  | — |  |  | 14,168 |
Operating lease assets - related parties | 43,270 |  |  | — |  |  | — |  |  | — |  |  | 43,270 |
Other assets | 10,026 |  |  | 5,514 |  |  | — |  |  | — |  |  | 15,540 |
Total other assets | 3,140,093 |  |  | 11,846 |  |  | 21,000 |  |  | (3,059,791) |  |  | 113,148 |
Total assets | $ | 4,333,535 |  |  | $ | 4,486,998 |  |  | $ | 31,622 |  |  | $ | (4,969,336) |  |  | $ | 3,882,819 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 48,006 |  |  | $ | 367,088 |  |  | $ | 124 |  |  | $ | — |  |  | $ | 415,218 |
Accounts payable - intercompany | 878,283 |  |  | 1,026,249 |  |  | 4,285 |  |  | (1,908,817) |  |  | — |
Short-term derivative instruments | 303 |  |  | — |  |  | — |  |  | — |  |  | 303 |
Current portion of operating lease liabilities | 13,826 |  |  | — |  |  | — |  |  | — |  |  | 13,826 |
Current portion of operating lease liabilities - related parties | 21,220 |  |  | — |  |  | — |  |  | — |  |  | 21,220 |
Current maturities of long-term debt | 631 |  |  | — |  |  | — |  |  | — |  |  | 631 |
Total current liabilities | 962,269 |  |  | 1,393,337 |  |  | 4,409 |  |  | (1,908,817) |  |  | 451,198 |
Long-term derivative instruments | 53,135 |  |  | — |  |  | — |  |  | — |  |  | 53,135 |
Asset retirement obligation - long-term | — |  |  | 58,322 |  |  | 2,033 |  |  | — |  |  | 60,355 |
Uncertain tax position liability | 3,127 |  |  | — |  |  | — |  |  | — |  |  | 3,127 |
Non-current operating lease liabilities | 342 |  |  | — |  |  | — |  |  | — |  |  | 342 |
Non-current operating lease liabilities - related parties | 22,050 |  |  | — |  |  | — |  |  | — |  |  | 22,050 |
Long-term debt, net of current maturities | 1,978,020 |  |  | — |  |  | — |  |  | — |  |  | 1,978,020 |
Total liabilities | 3,018,943 |  |  | 1,451,659 |  |  | 6,442 |  |  | (1,908,817) |  |  | 2,568,227 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 1,597 |  |  | — |  |  | — |  |  | — |  |  | 1,597 |
Paid-in capital | 4,207,554 |  |  | 4,171,408 |  |  | 267,557 |  |  | (4,438,965) |  |  | 4,207,554 |
Accumulated other comprehensive loss | (46,833) |  |  | — |  |  | (44,763) |  |  | 44,763 |  |  | (46,833) |
Accumulated deficit | (2,847,726) |  |  | (1,136,069) |  |  | (197,614) |  |  | 1,333,683 |  |  | (2,847,726) |
Total stockholders’ equity | 1,314,592 |  |  | 3,035,339 |  |  | 25,180 |  |  | (3,060,519) |  |  | 1,314,592 |
Total liabilities and stockholders’ equity | $ | 4,333,535 |  |  | $ | 4,486,998 |  |  | $ | 31,622 |  |  | $ | (4,969,336) |  |  | $ | 3,882,819 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Three months ended June 30, 2020 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Total revenues | $ | 26,970 |  |  | $ | 105,440 |  |  | $ | — |  |  | $ | — |  |  | $ | 132,410 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Lease operating expenses | — |  |  | 15,686 |  |  | — |  |  | — |  |  | 15,686 |
Production taxes | — |  |  | 3,605 |  |  | — |  |  | — |  |  | 3,605 |
Midstream gathering and processing expenses | — |  |  | 59,974 |  |  | — |  |  | — |  |  | 59,974 |
Depreciation, depletion and amortization | 2,388 |  |  | 62,236 |  |  | 166 |  |  | — |  |  | 64,790 |
Impairment of oil and natural gas properties | — |  |  | 532,880 |  |  | — |  |  | — |  |  | 532,880 |
General and administrative expenses | 21,731 |  |  | (11,374) |  |  | 113 |  |  | — |  |  | 10,470 |
Accretion expense | — |  |  | 755 |  |  | — |  |  | — |  |  | 755 |
Total Operating Expenses | 24,119 |  |  | 663,762 |  |  | 279 |  |  | — |  |  | 688,160 |
INCOME (LOSS) FROM OPERATIONS | 2,851 |  |  | (558,322) |  |  | (279) |  |  | — |  |  | (555,750) |
OTHER EXPENSE (INCOME): |  |  |  |  |  |  |  |  |
Interest expense | 32,825 |  |  | (459) |  |  | — |  |  | — |  |  | 32,366 |
Interest income | (28) |  |  | (50) |  |  | — |  |  | — |  |  | (78) |
Gain on debt extinguishment | (34,257) |  |  | — |  |  | — |  |  | — |  |  | (34,257) |
Loss from equity method investments and investments in subsidiaries | 562,502 |  |  | — |  |  | 45 |  |  | (562,502) |  |  | 45 |
Other expense | 2,877 |  |  | 4,365 |  |  | — |  |  | — |  |  | 7,242 |
Total Other Expense | 563,919 |  |  | 3,856 |  |  | 45 |  |  | (562,502) |  |  | 5,318 |
LOSS BEFORE INCOME TAXES | (561,068) |  |  | (562,178) |  |  | (324) |  |  | 562,502 |  |  | (561,068) |
INCOME TAX EXPENSE | — |  |  | — |  |  | — |  |  | — |  |  | — |
NET LOSS | $ | (561,068) |  |  | $ | (562,178) |  |  | $ | (324) |  |  | $ | 562,502 |  |  | $ | (561,068) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Three months ended June 30, 2019 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantor |  | 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 | 15,207 |  |  | (3,583) |  |  | 103 |  |  | — |  |  | 11,727 |
Accretion expense | 438 |  |  | 921 |  |  | — |  |  | — |  |  | 1,359 |
Total Operating Expenses | 138,974 |  |  | 101,406 |  |  | 158 |  |  | — |  |  | 240,538 |
INCOME (LOSS) FROM OPERATIONS | 141,317 |  |  | 77,297 |  |  | (158) |  |  | — |  |  | 218,456 |
OTHER EXPENSE (INCOME): |  |  |  |  |  |  |  |  |
Interest expense | 37,373 |  |  | (955) |  |  | — |  |  | — |  |  | 36,418 |
Interest income | (120) |  |  | (39) |  |  | — |  |  | — |  |  | (159) |
Loss (income) from equity method investments and investments in subsidiaries | 47,449 |  |  | — |  |  | (54) |  |  | 78,187 |  |  | 125,582 |
Other expense | 990 |  |  | — |  |  | — |  |  | — |  |  | 990 |
Total Other Expense (Income) | 85,692 |  |  | (994) |  |  | (54) |  |  | 78,187 |  |  | 162,831 |
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)
| Six months ended June 30, 2020 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Total revenues | $ | 125,238 |  |  | $ | 254,049 |  |  | $ | — |  |  | $ | — |  |  | $ | 379,287 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Lease operating expenses | — |  |  | 31,672 |  |  | — |  |  | — |  |  | 31,672 |
Production taxes | — |  |  | 8,404 |  |  | — |  |  | — |  |  | 8,404 |
Midstream gathering and processing expenses | — |  |  | 117,870 |  |  | — |  |  | — |  |  | 117,870 |
Depreciation, depletion, and amortization | 4,890 |  |  | 137,596 |  |  | 332 |  |  | — |  |  | 142,818 |
Impairment of oil and gas properties | — |  |  | 1,086,225 |  |  | — |  |  | — |  |  | 1,086,225 |
General and administrative expenses | 46,377 |  |  | (20,024) |  |  | 286 |  |  | — |  |  | 26,639 |
Accretion expense | — |  |  | 1,496 |  |  | — |  |  | — |  |  | 1,496 |
Total Operating Expenses | 51,267 |  |  | 1,363,239 |  |  | 618 |  |  | — |  |  | 1,415,124 |
INCOME (LOSS) FROM OPERATIONS | 73,971 |  |  | (1,109,190) |  |  | (618) |  |  | — |  |  | (1,035,837) |
OTHER EXPENSE (INCOME): |  |  |  |  |  |  |  |  |
Interest expense | 66,002 |  |  | (646) |  |  | — |  |  | — |  |  | 65,356 |
Interest income | (87) |  |  | (143) |  |  | — |  |  | — |  |  | (230) |
Gain on debt extinguishment | (49,579) |  |  | — |  |  | — |  |  | — |  |  | (49,579) |
Loss from equity method investments and investments in subsidiaries | 1,125,868 |  |  | — |  |  | 188 |  |  | (1,115,222) |  |  | 10,834 |
Other expense | 3,083 |  |  | 6,015 |  |  | — |  |  | — |  |  | 9,098 |
Total Other Expense | 1,145,287 |  |  | 5,226 |  |  | 188 |  |  | (1,115,222) |  |  | 35,479 |
LOSS BEFORE INCOME TAXES | (1,071,316) |  |  | (1,114,416) |  |  | (806) |  |  | 1,115,222 |  |  | (1,071,316) |
INCOME TAX EXPENSE | 7,290 |  |  | — |  |  | — |  |  | — |  |  | 7,290 |
NET LOSS | $ | (1,078,606) |  |  | $ | (1,114,416) |  |  | $ | (806) |  |  | $ | 1,115,222 |  |  | $ | (1,078,606) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)
| Six months ended June 30, 2019 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantor |  | 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 | 25,938 |  |  | (4,258) |  |  | 104 |  |  | — |  |  | 21,784 |
Accretion expense | 1,389 |  |  | 1,037 |  |  | — |  |  | — |  |  | 2,426 |
Total Operating Expenses | 330,541 |  |  | 137,405 |  |  | 159 |  |  | — |  |  | 468,105 |
INCOME (LOSS) FROM OPERATIONS | 135,996 |  |  | 175,630 |  |  | (159) |  |  | — |  |  | 311,467 |
OTHER EXPENSE (INCOME): |  |  |  |  |  |  |  |  |
Interest expense | 73,298 |  |  | (1,259) |  |  | — |  |  | — |  |  | 72,039 |
Interest income | (267) |  |  | (44) |  |  | — |  |  | — |  |  | (311) |
(Income) loss from equity method investments and investments in subsidiaries | (55,465) |  |  | — |  |  | 339 |  |  | 176,435 |  |  | 121,309 |
Other expense | 563 |  |  | — |  |  | — |  |  | — |  |  | 563 |
Total Other Expense (Income) | 18,129 |  |  | (1,303) |  |  | 339 |  |  | 176,435 |  |  | 193,600 |
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 COMPREHENSIVE INCOME (LOSS) |
| Three months ended June 30, 2020 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net loss | $ | (561,068) |  |  | $ | (562,178) |  |  | $ | (324) |  |  | $ | 562,502 |  |  | $ | (561,068) |
Foreign currency translation adjustment | 6,872 |  |  | — |  |  | 6,872 |  |  | (6,872) |  |  | 6,872 |
Other comprehensive loss | 6,872 |  |  | — |  |  | 6,872 |  |  | (6,872) |  |  | 6,872 |
Comprehensive loss | $ | (554,196) |  |  | $ | (562,178) |  |  | $ | 6,548 |  |  | $ | 555,630 |  |  | $ | (554,196) |
| Three months ended June 30, 2019 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantor |  | 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 | 3,610 |  |  | 61 |  |  | 3,549 |  |  | (3,610) |  |  | 3,610 |
Comprehensive income | $ | 238,566 |  |  | $ | 78,352 |  |  | $ | 3,445 |  |  | $ | (81,797) |  |  | $ | 238,566 |
| Six months ended June 30, 2020 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net loss | $ | (1,078,606) |  |  | $ | (1,114,416) |  |  | $ | (806) |  |  | $ | 1,115,222 |  |  | $ | (1,078,606) |
Foreign currency translation adjustment | (8,158) |  |  | (360) |  |  | (7,798) |  |  | 8,158 |  |  | (8,158) |
Other comprehensive loss | (8,158) |  |  | (360) |  |  | (7,798) |  |  | 8,158 |  |  | (8,158) |
Comprehensive loss | $ | (1,086,764) |  |  | $ | (1,114,776) |  |  | $ | (8,604) |  |  | $ | 1,123,380 |  |  | $ | (1,086,764) |
| Six months ended June 30, 2019 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantor |  | 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 | 7,411 |  |  | 155 |  |  | 7,256 |  |  | (7,411) |  |  | 7,411 |
Comprehensive income | $ | 304,609 |  |  | $ | 177,088 |  |  | $ | 6,758 |  |  | $ | (183,846) |  |  | $ | 304,609 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Amounts in thousands)
| Six months ended June 30, 2020 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | $ | 18,854 |  |  | $ | 228,317 |  |  | $ | (384) |  |  | $ | 435 |  |  | $ | 247,222 |
Net cash used in investing activities | (424) |  |  | (229,666) |  |  | — |  |  | — |  |  | (230,090) |
Net cash (used in) provided by financing activities | (20,375) |  |  | — |  |  | 435 |  |  | (435) |  |  | (20,375) |
Net (decrease) increase in cash, cash equivalents and restricted cash | (1,945) |  |  | (1,349) |  |  | 51 |  |  | — |  |  | (3,243) |
Cash, cash equivalents and restricted cash at beginning of period | 2,768 |  |  | 3,097 |  |  | 195 |  |  | — |  |  | 6,060 |
Cash, cash equivalents and restricted cash at end of period | $ | 823 |  |  | $ | 1,748 |  |  | $ | 246 |  |  | $ | — |  |  | $ | 2,817 |
| Six months ended June 30, 2019 |  |  |  |  |  |  |  |
| Parent |  | Guarantors |  | Non-Guarantor |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | $ | 312,267 |  |  | $ | 84,146 |  |  | $ | 3,355 |  |  | $ | 1 |  |  | $ | 399,769 |
Net cash used in investing activities | (405,848) |  |  | (101,058) |  |  | (3,751) |  |  | 432 |  |  | (510,225) |
Net cash (used in) provided by financing activities | 78,936 |  |  | — |  |  | 433 |  |  | (433) |  |  | 78,936 |
Net decrease 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 |

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