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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (163,441) $ 103,517
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes (67,165) 28,878
Gain on sale of assets (910) (125)
Depreciation, depletion and amortization 593,281 422,350
Gain on derivative financial instruments (89,218) (76,190)
Cash settlements of derivative financial instruments 159,956 76,221
Amortization of debt discount and issuance costs 8,519 5,980
Stock-based compensation 11,380 7,006
Decrease in accounts receivable 75,573 295,323
Increase in other current assets (749) (624)
Decrease in accounts payable and accrued expenses (173,942) (73,697)
Net cash provided by operating activities 353,284 788,639
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and acquisitions (817,526) (1,088,933)
Prepaid drilling costs 28,989 (14,594)
Proceeds from sales of assets 1,214 41,295
Net cash used for investing activities (787,323) (1,062,232)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 580,000 575,000
Repayments of bank credit facility (645,000) (230,000)
Issuance of Senior Notes 372,000 0
Issuance of common stock 100,450 0
Common stock dividends paid 0 (104,181)
Debt and stock issuance costs (6,807) (144)
Income tax withholdings on equity awards (3,373) (1,899)
Contributions from noncontrolling interest 36,000 0
Distribution to noncontrolling interest (2,128) 0
Net cash provided by financing activities 431,142 238,776
Net decrease in cash and cash equivalents (2,897) (34,817)
Cash and cash equivalents, beginning of period 16,669 54,652
Cash and cash equivalents, end of period $ 13,772 $ 19,835