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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 120,842 $ 511,678
Adjustments to reconcile net income to net cash provided from operating activities:    
Deferred income tax (benefit) expense (4,471) 134,192
Depletion, depreciation and amortization 174,735 171,578
Abandonment and impairment of unproved properties 3,895 33,296
Derivative fair value income (63,406) (491,701)
Cash settlements on derivative financial instruments 250,430 111,054
Divestiture contract obligation, including accretion 20,329 60,774
Amortization of deferred financing costs and other 2,425 2,594
Deferred and stock-based compensation 29,337 41,403
Gain on the sale of assets (153) (244)
Gain on early extinguishment of debt (243) (439)
Changes in working capital:    
Accounts receivable 76,913 317,981
Other current assets (22,405) (2,998)
Accounts payable (5,718) (76,143)
Accrued liabilities and other (101,805) (211,479)
Net cash provided from operating activities 480,705 601,546
Investing activities:    
Additions to natural gas properties (286,098) (277,088)
Additions to field service assets (1,125) (87)
Acreage purchases (34,997) (19,572)
Proceeds from disposal of assets 262 771
Purchases of marketable securities held by the deferred compensation plan (36,113) (39,346)
Proceeds from the sales of marketable securities held by the deferred compensation plan 41,939 43,663
Net cash used in investing activities (316,132) (291,659)
Financing activities:    
Borrowings on credit facility 0 185,000
Repayments on credit facility 0 (204,000)
Repayment of senior notes (66,069) (60,934)
Dividends paid (38,874) (38,640)
Treasury stock purchases (10,199) (9,663)
Taxes paid for shares withheld (25,169) (39,150)
Change in cash overdrafts (3,016) (19,657)
Proceeds from the sales of common stock held by the deferred compensation plan 17,832 39,025
Net cash used in financing activities (125,495) (148,019)
Increase in cash and cash equivalents 39,078 161,868
Cash and cash equivalents at beginning of period 211,974 207
Cash and cash equivalents at end of period $ 251,052 $ 162,075