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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 334,630 $ 120,842
Adjustments to reconcile net income to net cash provided from operating activities:    
Deferred income tax expense (benefit) 70,502 (4,471)
Depletion, depreciation and amortization 182,073 174,735
Abandonment and impairment of unproved properties 11,355 3,895
Derivative fair value loss (income) 4,210 (63,406)
Cash settlements on derivative financial instruments 36,039 250,430
Divestiture contract obligation, including accretion 17,399 20,329
Amortization of deferred financing costs and other 2,144 2,425
Deferred and stock-based compensation 26,130 29,337
Gain on the sale of assets (164) (153)
Gain on early extinguishment of debt (3) (243)
Changes in working capital:    
Accounts receivable 68,064 76,913
Other current assets (8,510) (22,405)
Accounts payable 9,158 (5,718)
Accrued liabilities and other (86,754) (101,805)
Net cash provided from operating activities 666,273 480,705
Investing activities:    
Additions to natural gas properties (279,990) (286,098)
Additions to field service assets (1,100) (1,125)
Acreage purchases (36,443) (34,997)
Proceeds from disposal of assets 149 262
Purchases of marketable securities held by the deferred compensation plan (17,870) (36,113)
Proceeds from the sales of marketable securities held by the deferred compensation plan 22,929 41,939
Net cash used in investing activities (312,325) (316,132)
Financing activities:    
Borrowings on credit facility 447,000 0
Repayments on credit facility (322,000) 0
Repayment of senior notes (608,699) (66,069)
Dividends paid (43,084) (38,874)
Treasury stock purchases (120,358) (10,199)
Taxes paid for shares withheld (21,361) (25,169)
Change in cash overdrafts (1,937) (3,016)
Proceeds from the sales of common stock held by the deferred compensation plan 12,135 17,832
Net cash used in financing activities (658,304) (125,495)
(Decrease) increase in cash and cash equivalents (304,356) 39,078
Cash and cash equivalents at beginning of period 304,490 211,974
Cash and cash equivalents at end of period $ 134 $ 251,052