XML 25 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net Income (Loss) $ 297,716 $ 340,437 $ 86,759
Adjustments to reconcile net income to net cash provided by operation activities -      
Depreciation, depletion, and amortization 219,116 133,982 68,629
Accretion of asset retirement obligation 985 534 306
Deferred income taxes 83,086 9,625 6,212
Stock-based compensation expense 5,526 5,086 4,645
Gain (Loss) on Sale of Derivatives (241,309) 73,885 123,018
Cash Received (Paid) On Settlements of Derivative Contracts 88,679 (219,626) (70,582)
Asset Retirement Obligation, Cash Paid to Settle (716) (48) (158)
Write off of Deferred Debt Issuance Cost 1,239 350 229
Other Noncash Income (Expense) 3,528 3,010 2,877
Change in assets and liabilities-      
(Increase) decrease in accounts receivable and other assets (25,439) (29,522) (23,513)
Increase (decrease) in accounts payable and accrued liabilities 7,172 11,788 17,507
Increase (decrease) in income taxes payable (525) 229 (83)
Increase (decrease) in accrued interest 7,003 1,969 (286)
Net Cash Provided by Operating Activities 447,111 331,241 215,726
Cash Flows from Investing Activities:      
Additions to property and equipment (421,273) (272,443) (133,638)
Acquisition of properties (604,955) (367,024) (51,734)
Proceeds from Sale of Property, Plant, and Equipment (713) (4,347) 0
Payments for (Proceeds from) Other Investing Activities 0 (750) (1,084)
Net Cash Used in Investing Activities (1,025,515) (635,870) (186,456)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 356,965 0 0
Payments of long-term debt (14,250) 0 (50,000)
Proceeds from bank borrowings 672,000 841,000 335,000
Payments of bank borrowings (492,000) (526,000) (338,000)
Proceeds from Issuance of Common Stock 97,309 0 26,956
Proceeds from Stock Options Exercised 0 39 0
Purchase of treasury shares (3,083) (3,397) (612)
Payments of debt issuance costs (30,600) (7,342) (3,611)
Net Cash Provided by (Used in) Financing Activities 586,341 304,300 (30,267)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 7,937 (329) (997)
Total Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8,729 792 1,121
Supplemental Disclosures of Cash Flows Information:      
Cash paid during period for interest, net of amounts capitalized 68,116 36,994 27,221
Increase (decrease) in accrued payables for capital (13,679) 54,372 (4,033)
Other Significant Noncash Transaction, Value of Consideration Given 0 (156,252) (83,522)
Non-cash deferred consideration for acquisitions (50,000) 0 0
Non-cash contingent consideration for acquisitions $ (16,933) $ 0 $ 0