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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income (loss) $ 481,447 $ (456,808)
Adjustments to reconcile net loss to net cash provided from operating activities:    
Deferred income tax expense (benefit) 119,180 (120,832)
Depletion, depreciation and amortization and impairment of proved properties 86,562 85,604
Abandonment and impairment of unproved properties 7,510 1,996
Derivative fair value (income) loss (367,967) 939,057
Cash settlements on derivative financial instruments 34,468 (133,135)
Divestiture contract obligation, including accretion, net of gain 12,215 10,954
Amortization of deferred financing costs and other 1,310 1,965
Deferred and stock-based compensation 20,681 86,113
Gain on the sale of assets (138) (331)
Loss on early extinguishment of debt 0 69,210
Changes in working capital:    
Accounts receivable 225,213 58,674
Other current assets (5,335) (5,908)
Accounts payable (10,822) 51,996
Accrued liabilities and other (129,368) (182,141)
Net cash provided from operating activities 474,956 406,414
Investing activities:    
Additions to natural gas properties (125,468) (90,104)
Additions to field service assets (74) (37)
Acreage purchases (12,742) (12,599)
Proceeds from disposal of assets 660 349
Purchases of marketable securities held by the deferred compensation plan (1,869) (8,996)
Proceeds from the sales of marketable securities held by the deferred compensation plan 1,200 6,375
Net cash used in investing activities (138,293) (105,012)
Financing activities:    
Borrowings on credit facilities 185,000 282,000
Repayments on credit facilities (204,000) (282,000)
Issuance of senior notes 0 500,000
Repayment of senior notes 0 (850,000)
Dividends paid (19,334) 0
Treasury stock purchases (7,834) (16,199)
Debt issuance costs 0 (6,817)
Taxes paid for shares withheld (39,057) (24,995)
Change in cash overdrafts (29,064) (8,540)
Proceeds from the sales of common stock held by the deferred compensation plan 5,052 3,658
Net cash used in financing activities (109,237) (402,893)
Increase (decrease) in cash and cash equivalents 227,426 (101,491)
Cash and cash equivalents at beginning of period 207 214,422
Cash and cash equivalents at end of period $ 227,633 $ 112,931