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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) including noncontrolling interest $ 344,018 $ (293,864)
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities    
Loss (income) from discontinued operations 1,494 (106)
Depreciation, depletion and amortization 359,980 425,566
Unsuccessful exploration well costs and previously suspended exploration costs 34,102 633
Amortization of undeveloped leases 7,980 8,882
Accretion of asset retirement obligations 23,439 22,656
Deferred income tax (benefit) expense 66,691 (101,195)
Mark to market loss on contingent consideration 129,818 76,677
Mark to market loss on crude contracts 100,343 284,360
Long-term non-cash compensation 40,467 25,318
Impairment of assets 0 171,296
(Gain) from sale of assets (35) 0
Net (increase) decrease in noncash working capital (121,598) 26,565
Other operating activities, net (27,458) 39,494
Net cash provided by continuing operations activities 959,241 686,282
Investing Activities    
Property additions and dry hole costs [1] (552,825) (422,841)
Acquisition of oil and gas properties [1] (46,491) (22,473)
Property additions for King's Quay FPS 0 (17,734)
Proceeds from sales of property, plant and equipment 47 269,363
Net cash (required) by investing activities (599,269) (193,685)
Financing Activities    
Borrowings on revolving credit facility 100,000 165,000
Repayment of revolving credit facility (100,000) (365,000)
Retirement of debt (200,000) (576,358)
Debt issuance, net of cost 0 541,974
Early redemption of debt cost (3,438) (34,177)
Distributions to noncontrolling interest (94,854) (75,238)
Contingent consideration payment (81,742) 0
Cash dividends paid (50,491) (38,590)
Withholding tax on stock-based incentive awards (16,697) (3,895)
Capital lease obligation payments (320) (371)
Net cash (required) by financing activities (447,542) (386,655)
Effect of exchange rate changes on cash and cash equivalents (1,595) 1,552
Net (decrease) increase in cash and cash equivalents (89,165) 107,494
Cash and cash equivalents at beginning of period 521,184 310,606
Cash and cash equivalents at end of period $ 432,019 $ 418,100
[1] Certain prior-period amounts have been reclassified to conform to the current period presentation.