XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 171,498 $ 561,108
Adjustments to reconcile net income to net cash provided from operating activities:    
Deferred income tax expense 9,820 149,289
Depletion, depreciation and amortization 265,872 259,197
Abandonment and impairment of unproved properties 8,618 44,308
Derivative fair value income (110,530) (530,095)
Cash settlements on derivative financial instruments 362,695 188,496
Divestiture contract obligation, including accretion 27,933 71,380
Amortization of deferred financing costs and other 3,352 3,591
Deferred and stock-based compensation 37,597 60,166
Gain on the sale of assets (222) (353)
Gain on early extinguishment of debt (254) (439)
Changes in working capital:    
Accounts receivable 101,530 288,415
Other current assets (1,809) (9,520)
Accounts payable (27,052) (84,291)
Accrued liabilities and other (122,424) (249,455)
Net cash provided from operating activities 726,624 751,797
Investing activities:    
Additions to natural gas properties (432,264) (421,087)
Additions to field service assets (1,371) (321)
Acreage purchases (44,787) (27,422)
Proceeds from disposal of assets 273 823
Purchases of marketable securities held by the deferred compensation plan (36,681) (39,545)
Proceeds from the sales of marketable securities held by the deferred compensation plan 42,225 43,663
Net cash used in investing activities (472,605) (443,889)
Financing activities:    
Borrowings on credit facility 0 185,000
Repayments on credit facility 0 (204,000)
Repayment of senior notes (69,846) (60,934)
Dividends paid (58,127) (57,949)
Treasury stock purchases (44,136) (9,663)
Taxes paid for shares withheld (25,201) (39,475)
Change in cash overdrafts (9,070) (18,616)
Proceeds from the sales of common stock held by the deferred compensation plan 17,837 60,323
Net cash used in financing activities (188,543) (145,314)
Increase in cash and cash equivalents 65,476 162,594
Cash and cash equivalents at beginning of period 211,974 207
Cash and cash equivalents at end of period $ 277,450 $ 162,801