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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income (loss) $ 511,678 $ (3,953)
Adjustments to reconcile net income (loss) to net cash provided from operating activities:    
Deferred income tax expense (benefit) 134,192 (26,501)
Depletion, depreciation and amortization 171,578 172,102
Abandonment and impairment of unproved properties 33,296 9,133
Derivative fair value (income) loss (491,701) 1,178,979
Cash settlements on derivative financial instruments 111,054 (540,845)
Divestiture contract obligation, including accretion 60,774 46,861
Amortization of deferred financing costs and other 2,594 5,120
Deferred and stock-based compensation 41,403 78,155
Gain on the sale of assets (244) (413)
(Gain) loss on early extinguishment of debt (439) 69,232
Changes in working capital:    
Accounts receivable 317,981 (107,198)
Other current assets (2,998) (23,099)
Accounts payable (76,143) 36,374
Accrued liabilities and other (211,479) (162,827)
Net cash provided from operating activities 601,546 731,120
Investing activities:    
Additions to natural gas properties (277,088) (211,232)
Additions to field service assets (87) (381)
Acreage purchases (19,572) (19,445)
Proceeds from disposal of assets 771 380
Purchases of marketable securities held by the deferred compensation plan (39,346) (37,499)
Proceeds from the sales of marketable securities held by the deferred compensation plan 43,663 39,823
Net cash used in investing activities (291,659) (228,354)
Financing activities:    
Borrowings on credit facility 185,000 648,000
Repayments on credit facility (204,000) (647,000)
Issuance of senior notes 0 500,000
Repayment of senior notes (60,934) (1,068,117)
Dividends paid (38,640) 0
Treasury stock purchases (9,663) (132,894)
Debt issuance costs 0 (15,798)
Taxes paid for shares withheld (39,150) (25,491)
Change in cash overdrafts (19,657) 3,815
Proceeds from the sales of common stock held by the deferred compensation plan 39,025 20,653
Net cash used in financing activities (148,019) (716,832)
Increase (decrease) in cash and cash equivalents 161,868 (214,066)
Cash and cash equivalents at beginning of period 207 214,422
Cash and cash equivalents at end of period $ 162,075 $ 356