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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities      
Net Income $ 922,969 $ 773,237 $ 6,361
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization and Accretion 486,024 251,272 140,828
Amortization of Debt Issuance Costs 8,096 4,975 3,764
(Gain) Loss on Extinguishment of Debt (659) (810) 13,087
Amortization of Bond Premium on Long-term Debt (1,475) (2,125) (413)
Loss on the Sale of Other Property & Equipment 0 185 17
Deferred Income Taxes 76,858 (571) 233
Unrealized (Gain) Loss on Derivative Instruments (200,314) (41,180) 311,328
(Gain) Loss on Contingent Consideration (10,107) (1,859) 292
Share-Based Compensation Expense 5,660 5,656 3,621
Other 2,404 2,038 3,162
Changes in Working Capital and Other Items:      
Accounts Receivable, Net (101,317) (74,904) (122,160)
Prepaid and Other Expenses (474) (720) (1,999)
Accounts Payable (15,236) (338) 14,091
Accrued Liabilities 9,154 9,955 12,318
Accrued Interest 1,738 3,607 11,937
Net Cash Provided By Operating Activities 1,183,321 928,418 396,467
Cash Flows From Investing Activities      
Acquisitions of and Capital Expenditures on Oil and Natural Gas Properties (1,844,040) (1,355,197) (593,228)
Acquisition Deposit (17,094) (43,000) (40,650)
Purchases of Other Property and Equipment (1,212) (4,579) (556)
Net Cash Used For Investing Activities (1,862,346) (1,402,777) (634,434)
Cash Flows From Financing Activities      
Advances on Revolving Credit Facility 998,224 1,260,000 554,000
Repayments on Revolving Credit Facility (1,156,224) (996,000) (1,031,000)
Purchase of Capped Call 0 (36,100) 0
Issuance of Convertible Notes 0 482,971 0
Repayments of Second Lien Notes 0 0 (295,918)
Repayments of Senior Unsecured Promissory Note 0 0 (130,000)
Issuance of Senior Notes 492,840 0 763,500
Repurchase of Senior Notes (18,436) (24,907) 0
Debt Issuance Costs Paid (11,896) (7,388) (17,611)
Issuance of Common Stock 514,749 0 438,077
Common Stock Dividends Paid (123,945) (51,602) (4,938)
Repurchases of Common Stock (8,004) (54,502) 0
Repurchase of Preferred Stock 0 (81,236) 0
Preferred Stock Dividends Paid 0 (21,664) (29,212)
Restricted Stock Surrenders - Tax Obligations (2,616) (2,206) (839)
Net Cash Provided By Financing Activities 684,692 467,367 246,059
Net Increase (Decrease) in Cash and Cash Equivalents 5,667 (6,992) 8,092
Cash and Cash Equivalents – Beginning of Period 2,528 9,519 1,428
Cash and Cash Equivalents – End of Period $ 8,195 $ 2,528 $ 9,519