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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income (loss) including noncontrolling interest $ 47,528 $ (1,262,445) $ 1,253,302
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities      
Depreciation, depletion and amortization 795,105 987,239 1,147,842
Impairment of assets 196,296 1,206,284 0
Mark to market loss on derivative instruments 112,113 69,310 33,364
Mark to market loss (gain) on contingent consideration 63,147 (13,783) 8,672
Long-term non-cash compensation 63,382 46,558 76,958
Accretion of asset retirement obligations 46,613 42,136 40,506
Amortization of undeveloped leases 18,925 26,743 27,973
Previously suspended exploration costs 17,339 21,099 12,840
Deferred income tax (benefit) expense (4,146) (278,042) 28,530
Loss (income) from discontinued operations 1,225 7,151 (1,064,487)
Net decrease (increase) in noncash working capital 118,457 (32,027) (16,887)
Other operating activities, net (53,821) (35,080) (59,508)
Noncash restructuring expense 0 17,565 0
Net cash provided by continuing operations activities 1,422,163 802,708 1,489,105
Investing Activities      
Property additions and dry hole costs (670,479) (759,809) (1,244,069)
Proceeds from sales of property, plant and equipment 270,503 13,750 20,382
Property additions for King's Quay FPS (17,734) (112,961) (100,202)
Acquisition of oil and natural gas properties 0 0 (1,212,315)
Net cash required by investing activities (417,710) (859,020) (2,536,204)
Financing Activities      
Retirement of debt (876,358) (12,225) (521,332)
Debt issuance, net of cost 541,913 (613) 542,394
Repayment of revolving credit facility (365,000) (250,000) (2,050,000)
Borrowings on revolving credit facility 165,000 450,000 1,725,000
Distributions to noncontrolling interest (137,517) (43,673) (128,158)
Cash dividends paid (77,204) (95,989) (163,669)
Early redemption of debt cost (39,335) 0 (26,626)
Withholding tax on stock-based incentive awards (5,209) (7,094) (6,991)
Capital lease obligation payments (803) (695) (688)
Repurchase of common stock 0 0 (499,924)
Net cash (required) provided by financing activities (794,513) 39,711 (1,129,994)
Cash Flows from Discontinued Operations      
Operating activities [1] 0 (1,202) 73,783
Investing activities [1] 0 4,494 2,022,034
Financing activities [1] 0 0 (4,914)
Net cash provided by discontinued operations [1] 0 3,292 2,090,903
Cash from discontinued operations [1] 0 18,438 2,120,397
Effect of exchange rate changes on cash and cash equivalents 638 2,009 3,533
Net increase in cash and cash equivalents 210,578 3,846 (53,163)
Cash and cash equivalents at beginning of period 310,606 306,760 359,923
Cash and cash equivalents at end of period $ 521,184 $ 310,606 $ 306,760
[1] Net cash provided by discontinued operations are not part of the cash flow reconciliation.