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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 92,138 $ 481,447
Adjustments to reconcile net income to net cash provided from operating activities:    
Deferred income tax expense 16,622 119,180
Depletion, depreciation and amortization 87,137 86,562
Abandonment and impairment of unproved properties 2,371 7,510
Derivative fair value income (46,598) (367,967)
Cash settlements on derivative financial instruments 122,373 34,468
Divestiture contract obligation, including accretion 10,267 12,215
Amortization of deferred financing costs and other 1,232 1,310
Deferred and stock-based compensation 18,215 20,681
Gain on the sale of assets (87) (138)
Gain on early extinguishment of debt (64) 0
Changes in working capital:    
Accounts receivable 107,454 225,213
Other current assets (8,944) (5,335)
Accounts payable 12,188 (10,822)
Accrued liabilities and other (82,374) (129,368)
Net cash provided from operating activities 331,930 474,956
Investing activities:    
Additions to natural gas properties (132,881) (125,468)
Additions to field service assets (1,003) (74)
Acreage purchases (21,714) (12,742)
Proceeds from disposal of assets 31 660
Purchases of marketable securities held by the deferred compensation plan (13,556) (1,869)
Proceeds from the sales of marketable securities held by the deferred compensation plan 15,234 1,200
Net cash used in investing activities (153,889) (138,293)
Financing activities:    
Borrowings on credit facility 0 185,000
Repayments on credit facility 0 (204,000)
Repayment of senior notes (14,975) 0
Dividends paid (19,407) (19,334)
Treasury stock purchases 0 (7,834)
Taxes paid for shares withheld (24,214) (39,057)
Change in cash overdrafts 10,003 (29,064)
Proceeds from the sales of common stock held by the deferred compensation plan 1,689 5,052
Net cash used in financing activities (46,904) (109,237)
Increase in cash and cash equivalents 131,137 227,426
Cash and cash equivalents at beginning of period 211,974 207
Cash and cash equivalents at end of period $ 343,111 $ 227,633