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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net loss including noncontrolling interest $ (65,486) $ (266,824)
Adjustments to reconcile net loss to net cash provided by continuing operations activities    
Loss (income) from discontinued operations 551 (208)
Depreciation, depletion and amortization 164,124 198,278
Unsuccessful exploration well costs and previously suspended exploration costs 32,831 717
Amortization of undeveloped leases 4,198 4,602
Accretion of asset retirement obligations 11,876 10,492
Deferred income tax benefit (20,253) (88,867)
Mark to market loss on contingent consideration 98,126 14,923
Mark to market loss on crude contracts 188,509 153,505
Long-term non-cash compensation 17,288 12,124
Impairment of assets 0 171,296
Net (increase) in noncash working capital (80,922) (9,052)
Other operating activities, net (12,512) 36,780
Net cash provided by continuing operations activities 338,330 237,766
Investing Activities    
Property additions and dry hole costs (244,908) (240,545)
Property additions for King's Quay FPS 0 (17,734)
Proceeds from sales of property, plant and equipment 0 268,023
Net cash (required) provided by investing activities (244,908) 9,744
Financing Activities    
Borrowings on revolving credit facility 0 140,000
Repayment of revolving credit facility 0 (340,000)
Retirement of debt 0 (576,358)
Debt issuance, net of cost 0 541,980
Early redemption of debt cost 0 (34,177)
Distributions to noncontrolling interest (39,884) (36,006)
Contingent consideration payment (55,169) 0
Cash dividends paid (23,300) (19,287)
Withholding tax on stock-based incentive awards (15,421) (3,794)
Capital lease obligation payments (158) (178)
Net cash (required) by financing activities (133,932) (327,820)
Effect of exchange rate changes on cash and cash equivalents (87) 574
Net (decrease) in cash and cash equivalents (40,597) (79,736)
Cash and cash equivalents at beginning of period 521,184 310,606
Cash and cash equivalents at end of period $ 480,587 $ 230,870