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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income (loss) including noncontrolling interest $ 1,138,719 $ 47,528 $ (1,262,445)
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities      
Depreciation, depletion and amortization 776,817 795,105 987,239
Deferred income tax expense (benefit) 286,079 (4,146) (278,042)
Mark to market (gain) loss on derivative instruments (214,788) 112,113 69,310
Mark to market loss (gain) on contingent consideration 78,285 63,147 (13,783)
Long-term non-cash compensation 89,246 63,382 46,558
Unsuccessful exploration well costs and previously suspended exploration costs 82,085 17,339 21,099
Accretion of asset retirement obligations 46,243 46,613 42,136
Amortization of undeveloped leases 13,300 18,925 26,743
Loss from discontinued operations 2,078 1,225 7,151
Gain from sale of assets (17,899) 0 0
Impairment of assets 0 196,296 1,206,284
Noncash restructuring expense 0 0 17,565
Other operating activities, net (34,193) (53,821) (35,080)
Net (increase) decrease in noncash working capital (65,728) 118,457 (32,027)
Net cash provided by continuing operations activities 2,180,244 1,422,163 802,708
Investing Activities      
Property additions and dry hole costs [1] (985,461) (650,235) (759,809)
Acquisition of oil and natural gas properties [1] (128,538) (20,244) 0
Property additions for King's Quay FPS 0 (17,734) (112,961)
Proceeds from sales of property, plant and equipment 4,528 270,503 13,750
Net cash required by investing activities (1,109,471) (417,710) (859,020)
Financing Activities      
Retirement of debt (647,707) (876,358) (12,225)
Repayment of revolving credit facility (400,000) (365,000) (250,000)
Borrowings on revolving credit facility 400,000 165,000 450,000
Distributions to noncontrolling interest (183,038) (137,517) (43,673)
Cash dividends paid (128,219) (77,204) (95,989)
Contingent consideration paid (81,742) 0 0
Withholding tax on stock-based incentive awards (17,631) (5,209) (7,094)
Issue costs of debt facility (14,353) 0 0
Early redemption of debt cost (8,295) (39,335) 0
Capital lease obligation payments (636) (803) (695)
Debt issuance, net of cost 0 541,913 (613)
Net cash (required) provided by financing activities (1,081,621) (794,513) 39,711
Cash Flows from Discontinued Operations      
Operating activities (14,500) 0 0
Net cash (required) by discontinued operations (14,500) 0 0
Cash from discontinued operations [2] 0 0 18,438
Effect of exchange rate changes on cash and cash equivalents (3,873) 638 2,009
Net (decrease) increase in cash and cash equivalents (29,221) 210,578 3,846
Cash and cash equivalents at beginning of period 521,184 310,606 306,760
Cash and cash equivalents at end of period $ 491,963 $ 521,184 $ 310,606
[1] Certain prior-period amounts have been reclassified to conform to the current period presentation.
[2] Cash previously classified as held-for-sale