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STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 1,579,290 $ (185,130)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income tax expense (benefit) 446,674 (123,725)
Depreciation, depletion and amortization 1,932,628 1,542,031
Gain on sale/exchange of long-lived assets (2,402) (309,865)
Impairments 9,391 58,963
Income from investments (138,274) (36,674)
Loss on debt extinguishment 19,478 5,651
Share-based compensation expense 43,824 141,578
Distributions from equity method investments 202,560 11,187
Other 7,836 13,160
Gain on derivatives (176,829) (234,660)
Net cash settlements (paid) received on derivatives (118,390) 1,037,321
Net premiums paid on derivatives 0 (41,970)
Changes in other assets and liabilities:    
Accounts receivable 296,345 331,452
Accounts payable (4,487) (122,252)
Income tax receivable and payable 97,378 815
Other current assets 42,697 (10,965)
Other items, net (237,154) (6,220)
Net cash provided by operating activities 4,000,565 2,070,697
Cash flows from investing activities:    
Capital expenditures (1,675,691) (1,662,112)
Cash paid for acquisitions, net of cash acquired (484,807) (864,242)
Net cash (paid) received for sale/exchange of assets (8,603) 451,906
Capital contributions to equity method investments (44,406) (87,804)
Other investing activities (10,388) (80)
Net cash used in investing activities (2,223,895) (2,162,332)
Cash flows from financing activities:    
Proceeds from revolving credit facility borrowings 3,018,000 3,578,000
Repayment of revolving credit facility borrowings (3,210,800) (2,316,000)
Proceeds from issuance of debt 0 750,000
Proceeds from net settlement of Capped Call Transactions (Note 7) 0 93,290
Debt issuance costs (9,623) (18,854)
Repayment and retirement of debt (905,698) (1,655,706)
Net premiums paid on debt extinguishment (29,507) (1,543)
Dividends paid (286,662) (232,603)
Distributions to noncontrolling interest (259,217) (1,640)
Cash paid for taxes to net settle share-based incentive awards (53,830) (92,492)
Other financing activities (5,690) (2,814)
Net cash (used in) provided by financing activities (1,743,027) 99,638
Net change in cash and cash equivalents 33,643 8,003
Cash and cash equivalents at beginning of period 202,093 80,977
Cash and cash equivalents at end of period $ 235,736 $ 88,980