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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (14,474) $ 134,503  
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes (8,287) 39,180  
Gain on sale of assets 0 (773)  
Depreciation, depletion and amortization 190,689 133,983  
Gain on derivative financial instruments (39,307) (66,409)  
Cash settlements of derivative financial instruments 47,995 10,383  
Amortization of debt discount and issuance costs 1,984 1,997  
Stock-based compensation 3,415 2,046  
Decrease in accounts receivable 99,418 255,992  
(Increase) decrease in other current assets 5,576 (1,514)  
decrease in accounts payable and accrued expenses (115,470) (123,024)  
Net cash provided by operating activities 171,539 386,364  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures and acquisitions (351,470) (370,953)  
Prepaid drilling costs 3,232 (1,684)  
Proceeds from sales of assets 0 130  
Net cash used for investing activities (348,238) (372,507)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on bank credit facility 235,000 0  
Repayments of bank credit facility (175,000) 0  
Issuance of common stock 100,450 0  
Common stock dividends paid 0 (34,688)  
Debt and stock issuance costs 0 (144)  
Contributions from noncontrolling interest 6,000 0  
Net cash provided by (used for) financing activities 166,450 (34,832)  
Net decrease in cash and cash equivalents (10,249) (20,975)  
Cash and cash equivalents, beginning of period 16,669 54,652 $ 54,652
Cash and cash equivalents, end of period $ 6,420 $ 33,677 $ 16,669