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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 381,915 $ (182,952) $ (465,605)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation, depletion, amortization and accretion expense 470,625 454,123 414,087
Write-down of oil and natural gas properties and other well inventory 0 23,729 268,615
Amortization of deferred financing costs and original issue discount 14,379 13,382 6,804
Equity-based compensation expense 15,953 10,992 8,669
Price risk management activities expense (income) 272,191 419,077 (87,685)
Net cash received (paid) on settled derivative instruments (425,559) (290,164) 143,905
Equity method investment income (14,222) 0 0
Loss (gain) on extinguishment of debt 1,569 13,225 (1,662)
Settlement of asset retirement obligations (69,596) (67,988) (43,933)
Gain on sale of assets 303 (687) 0
Changes in operating assets and liabilities:      
Accounts receivable 14,927 (35,396) (34,645)
Other current assets (36,545) (18,901) 35,934
Accounts payable 24,258 (6,261) 27,096
Other current liabilities 73,531 64,800 4,200
Other non-current assets and liabilities, net (13,990) 14,409 26,143
Net cash provided by operating activities 709,739 411,388 301,923
Cash flows from investing activities:      
Exploration, development and other capital expenditures (323,164) (293,331) (362,942)
Cash paid for acquisitions, net of cash acquired (3,500) (5,399) (315,962)
Proceeds from sale of property and equipment, net 1,937 4,983 0
Contributions to equity method investees (2,250) 0 0
Proceeds from sale of equity method investment 15,000 0 0
Net cash used in investing activities (311,977) (293,747) (678,904)
Cash flows from financing activities:      
Proceeds from issuance of common stock 0 0 71,100
Issuance of senior notes 0 600,500 0
Redemption of senior notes and other long-term debt (18,184) (356,803) (5,364)
Proceeds from Bank Credit Facility 85,000 100,000 350,000
Repayment of Bank Credit Facility (460,000) (365,000) (60,000)
Deferred financing costs (189) (27,833) (1,287)
Other deferred payments 0 (7,921) (11,921)
Payments of finance lease (25,493) (21,804) (17,509)
Employee stock awards tax withholdings (4,603) (3,161) (827)
Net cash provided by (used in) financing activities (423,469) (82,022) 324,192
Net increase (decrease) in cash and cash equivalents (25,707) 35,619 (52,789)
Cash and cash equivalents:      
Balance, beginning of period 69,852 34,233 87,022
Balance, end of period 44,145 69,852 34,233
Supplemental non-cash transactions:      
Capital expenditures included in accounts payable and accrued liabilities 105,773 45,761 74,957
Debt exchanged for common stock 0 0 35,960
Supplemental cash flow information:      
Interest paid, net of amounts capitalized $ 91,809 $ 68,891 $ 67,443