Range Resources (RRC) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.1

RANGE RESOURCES CORPORATION

CASH FLOWS FROM OPERATING ACTIVITIES
(Unaudited in thousands)
	Three Months Ended December 31,							Twelve Months Ended December 31,
		2016			2015				2016			2015
Net loss	$	(162,771	) (a)	$	(321,827	)	$		(521,388	)	$	(713,685	)
Adjustments to reconcile net cash provided from continuing operations:
Deferred income tax benefit		(93,617	) (a)		(164,316	)			(280,848	)		(338,706	)
Depletion, depreciation, amortization and impairment		149,662			215,918				567,142			1,171,329
Exploration dry hole costs		16			1				18			88
Abandonment and impairment of unproved properties		6,307			11,432				30,076			47,619
Derivative fair value loss (income)		250,057			(126,312	)			261,391			(416,364	)
Cash settlements on derivative financial instruments that do not qualify for hedge     accounting		86,679			171,477				347,336			532,122
Allowance for bad debts		—			1,700				800			2,300
Amortization of deferred issuance costs, loss on extinguishment of debt and other		1,787			1,811				7,170			29,383
Deferred and stock-based compensation		1,996			(9,732	)			74,685			(20,411	)
(Gain) loss on sale of assets and other		(470	)		408,909				7,074			406,856
Changes in working capital:
Accounts receivable		(52,571	)		(14,744	)			(20,586	)		64,704
Inventory and other		6,996			(7,795	)			6,220			(14,868	)
Accounts payable		14,009			(13,039	)			(27,259	)		(26,197	)
Accrued liabilities and other		(23,049	)		22,359				(64,763	)		(32,768	)
Net changes in working capital		(54,615	)		(13,219	)			(106,388	)		(9,129	)
Net cash provided from operating activities	$	185,031		$	175,842		$		387,068		$	691,402
(a)Fourth quarter 2016 includes the $2.0 million impact of retrospective adoption of ASU 2016-09.
RECONCILIATION OF NET CASH PROVIDED FROM OPERATING ACTIVITIES, AS REPORTED, TO CASH FLOW FROM OPERATIONS BEFORE CHANGES IN WORKING CAPITAL, a non-GAAP measure
(Unaudited, in thousands)
	Three Months Ended December 31,							Twelve Months Ended December 31,
		2016			2015				2016			2015
Net cash provided from operating activities, as reported	$	185,031		$	175,842		$		387,068		$	691,402
Net changes in working capital		54,615			13,219				106,388			9,129
Exploration expense		13,039			3,445				30,009			18,333
Lawsuit settlements		1,131			1,226				2,575			3,238
Cash paid to exchange senior subordinated notes		—			—				6,600			—
Legal contingency/DEP penalty		—			—				—			2,500
Memorial merger expenses		813			—				37,225			—
Termination costs		(822	)		10,283				(519	)		14,853
Non-cash compensation adjustment		56			73				19			709
Cash flow from operations before changes in working capital – non-GAAP measure	$	253,863		$	204,088		$		569,365		$	740,164
ADJUSTED WEIGHTED AVERAGE SHARES OUTSTANDING
(Unaudited, in thousands)
	Three Months Ended December 31,							Twelve Months Ended December 31,
		2016			2015				2016			2015
Basic:
Weighted average shares outstanding		247,161			169,371				192,661			169,183
Stock held by deferred compensation plan		(2,799	)		(2,798	)			(2,793	)		(2,794	)
Adjusted basic		244,362			166,573				189,868			166,389
Dilutive:
Weighted average shares outstanding		247,161			169,371				192,661			169,183
Dilutive stock options under treasury method		(2,799	)		(2,798	)			(2,793	)		(2,794	)
Adjusted dilutive		244,362			166,573				189,868			166,389