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CONSOLIDATED 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 (loss) $ 211,894 $ 1,140,882 $ (241,725)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred and non-current income taxes 44,301 228,317 (3,565)
(Gain) loss on sale of assets (125) (340) 162,077
Depreciation, depletion and amortization 607,908 489,450 469,388
(Gain) loss on derivative financial instruments (187,639) 662,522 560,648
Cash settlements of derivative financial instruments 80,328 (862,715) (419,714)
Amortization of debt discount, premium and issuance costs 7,964 10,255 21,703
Stock-based compensation 9,867 6,610 6,799
Loss on early extinguishment of debt 0 46,840 352,599
(Increase) decrease in accounts receivable 278,697 (242,389) (121,952)
(Increase) decrease in other current assets 745 (10,296) (98)
Increase (decrease) in accounts payable and accrued expenses (37,094) 229,252 74,780
Net cash provided by operating activities 1,016,846 1,698,388 860,940
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (1,425,086) (1,067,800) (691,005)
Prepaid drilling costs (34,010) (34,069) (140)
Proceeds from sales of assets 41,295 4,186 138,394
Net cash used for investing activities (1,417,801) (1,097,683) (552,751)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on bank credit facility 820,000 755,000 555,000
Repayments on bank credit facility (340,000) (990,000) (820,000)
Issuance of Senior Notes 0 0 2,222,500
Retirement of Senior Notes 0 (273,920) (2,210,626)
Debt and stock issuance costs (144) (10,839) (35,760)
Income tax withholdings on equity awards (1,899) (6,255) (1,412)
Preferred stock dividends paid 0 (16,014) (17,500)
Common stock dividends paid (138,985) (34,688) 0
Contributions from noncontrolling interest 24,000 0 0
Net cash used for financing activities 362,972 (576,716) (307,798)
Net increase (decrease) in cash and cash equivalents (37,983) 23,989 391
Cash and cash equivalents, beginning of the year 54,652 30,663 30,272
Cash and cash equivalents, end of the year $ 16,669 $ 54,652 $ 30,663