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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 277,450 $ 211,974
Accounts receivable, less allowance for doubtful accounts of $308 in 2024 and 2023 181,143 274,669
Contingent consideration receivable 0 8,000
Derivative assets 160,321 341,330
Prepaid assets 18,815 18,159
Other current assets 17,812 15,992
Total current assets 655,541 870,124
Derivative assets 37,489 101,641
Natural gas properties, successful efforts method [1] 11,715,018 11,225,482
Accumulated depletion and depreciation [1] (5,366,182) (5,107,801)
Natural gas and oil properties, successful efforts method, net [1] 6,348,836 6,117,681
Other property and equipment 72,072 72,639
Accumulated depreciation and amortization (69,988) (70,943)
Other Property and equipment, net 2,084 1,696
Operating lease right-of-use assets 118,988 23,821
Other assets 78,365 88,922
Total assets 7,241,303 7,203,885
Current liabilities:    
Accounts payable 96,894 110,134
Asset retirement obligations 2,395 2,395
Accrued liabilities 273,317 290,579
Deferred compensation liabilities 24,136 44,149
Accrued interest 27,023 37,261
Derivative liabilities 6,649 222
Operating lease liabilities 91,363 11,584
Divestiture contract obligation 84,744 86,762
Less current maturities of long-term debt [2] 617,383 0
Total current liabilities 1,223,904 583,086
Senior notes 1,089,131 1,774,229
Deferred tax liabilities 571,095 561,288
Derivative liabilities 684 107
Deferred compensation liabilities 62,883 72,976
Operating lease liabilities 30,811 16,064
Asset retirement obligations and other liabilities 123,406 119,896
Divestiture contract obligation 271,302 310,688
Total liabilities 3,373,216 3,438,334
Commitments and contingencies
Stockholders’ Equity    
Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par, 475,000,000 shares authorized, 267,423,909 issued at September 30, 2024 and 265,756,369 shares at December 31, 2023 2,674 2,658
Common stock held in treasury, at cost, 26,116,065 shares at September 30, 2024 and 24,716,065 shares at December 31, 2023 (492,816) (448,681)
Additional paid-in capital 5,913,716 5,879,705
Accumulated other comprehensive income 600 647
Retained deficit (1,556,087) (1,668,778)
Total stockholders' equity 3,868,087 3,765,551
Total liabilities and stockholders’ equity $ 7,241,303 $ 7,203,885
[1] Includes capitalized asset retirement costs and the associated accumulated amortization.
[2] As of September 30, 2024, current maturities include $618.1 million principal amount of our 4.875% senior notes due 2025 ($617.4 million net of deferred financing costs).