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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Income (loss) after taxation $ 759,701 $ (620,598) $ (325,206)
Cash flows from operations reconciliation:      
Depreciation, depletion and amortization 224,546 222,257 167,644
Accretion of asset retirement obligations 26,926 27,569 24,396
Impairment of proved properties 41,616 0 0
Income tax (benefit) expense 240,643 (178,904) (225,694)
(Gain) loss on fair value adjustments of unsettled financial instruments (905,695) 861,457 652,465
Asset retirement costs (5,961) (4,889) (2,879)
(Gain) loss on natural gas and oil properties and equipment (24,146) (2,379) 901
(Gain) loss on sale of equity interest (18,440) 0 0
Unrealized (gain) loss on investment (4,610) 0 0
Gain on bargain purchases 0 (4,447) (58,072)
Finance costs 134,166 100,799 50,628
Revaluation of contingent consideration 0 0 8,963
Hedge modifications 26,686   (10,164)
Non-cash equity compensation 6,494 8,051 7,400
Working capital adjustments:      
Change in trade receivables and other current assets 104,571 13,760 (126,957)
Change in other non-current assets 1,661 (580) (556)
Change in trade and other payables and other current liabilities (183,530) 132,349 162,486
Change in other non-current liabilities (6,236) (6,794) 5,707
Cash generated from operations 418,392 414,078 331,062
Cash paid for income taxes (8,260) (26,314) (10,880)
Net cash provided by operating activities 410,132 387,764 320,182
Cash flows from investing activities:      
Consideration for business acquisitions, net of cash acquired 0 (24,088) (286,804)
Consideration for asset acquisitions (262,329) (264,672) (287,330)
Proceeds from divestitures 95,749 0 86,224
Payments associated with potential acquisitions 0 0 (25,002)
Acquisition related debt and hedge extinguishments 0 0 (56,466)
Expenditures on natural gas and oil properties and equipment (74,252) (86,079) (50,175)
Proceeds on disposals of natural gas and oil properties and equipment 4,083 12,189 2,663
Deferred consideration payments (2,620) 0 0
Contingent consideration payments 0 (23,807) (10,822)
Net cash used in investing activities (239,369) (386,457) (627,712)
Cash flows from financing activities:      
Repayment of borrowings (1,547,912) (2,139,686) (1,432,566)
Proceeds from borrowings 1,537,230 2,587,554 1,727,745
Cash paid for interest (116,784) (83,958) (42,673)
Debt issuance costs (13,776) (34,234) (10,255)
Decrease (increase) in restricted cash 11,792 (36,287) 1,838
Hedge modifications associated with ABS Notes (6,376) (105,316) 0
Proceeds from equity issuance, net 156,788 0 213,844
Principal element of lease payments (12,169) (10,211) (7,556)
Cancellation (settlement) of warrants, net 0 137 (1,429)
Dividends to shareholders (168,041) (143,455) (130,239)
Distributions to non-controlling interest owners (4,043) (6,389) 0
Repurchase of shares by the EBT 0 (22,931) 0
Repurchase of shares (11,048) (11,760) 0
Net cash provided by (used in) financing activities (174,339) (6,536) 318,709
Net change in cash and cash equivalents (3,576) (5,229) 11,179
Cash and cash equivalents, beginning of period 7,329 12,558 1,379
Cash and cash equivalents, end of period $ 3,753 $ 7,329 $ 12,558