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STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 315,418 $ 103,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 72,223 23,394
Depreciation, depletion and amortization 620,775 486,750
Loss on sale/exchange of long-lived assets 231 147
Impairments 2,661 9,209
Income from investments (26,462) (2,260)
Loss on debt extinguishment 11,680 3,449
Share-based compensation expense 14,768 10,551
Distributions from equity method investments 66,562 2,852
Other 1,979 2,797
Loss (gain) on derivatives 678,919 (106,511)
Net cash settlements (paid) received on derivatives (91,986) 451,004
Net premiums paid on derivatives 0 (33,904)
Changes in other assets and liabilities:    
Accounts receivable (90,846) 372,654
Accounts payable 153,220 (117,157)
Other current assets 51,143 (55,501)
Other items, net (39,118) 5,126
Net cash provided by operating activities 1,741,167 1,155,663
Cash flows from investing activities:    
Capital expenditures (499,649) (534,468)
Cash paid for acquisitions, net of cash acquired (10,000) (30,053)
Proceeds from sale/exchange of assets (6,449) 0
Capital contributions to equity method investments (17,946) (2,608)
Other investing activities 0 (23)
Net cash used in investing activities (534,044) (567,152)
Cash flows from financing activities:    
Proceeds from revolving credit facility borrowings 1,424,000 107,000
Repayment of revolving credit facility borrowings (1,609,800) (107,000)
Proceeds from issuance of debt 0 750,000
Proceeds from net settlement of Capped Call Transactions (Note 7) 0 93,290
Debt issuance costs 0 (8,147)
Repayment and retirement of debt (739,554) (752,112)
Premiums paid on debt extinguishment (10,461) 0
Dividends paid (94,097) (69,412)
Distribution to noncontrolling interest (44,729) 0
Cash paid for taxes to net settle share-based incentive awards (50,242) (34,329)
Other financing activities (2,569) (730)
Net cash used in financing activities (1,127,452) (21,440)
Net change in cash and cash equivalents 79,671 567,071
Cash and cash equivalents at beginning of period 202,093 80,977
Cash and cash equivalents at end of period $ 281,764 $ 648,048