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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income (loss) including noncontrolling interest $ 214,314 $ (65,486)
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities    
(Income) loss from discontinued operations (279) 551
Depreciation, depletion and amortization 195,670 164,124
Unsuccessful exploration well costs and previously suspended exploration costs 851 32,831
Amortization of undeveloped leases 2,653 4,198
Accretion of asset retirement obligations 11,157 11,876
Deferred income tax (benefit) expense 49,042 (20,253)
Contingent consideration payment (123,965) 0
Mark to market loss on contingent consideration 3,938 98,126
Mark to market loss on derivative instruments 0 188,509
Long-term non-cash compensation 8,536 17,288
Net increase in noncash working capital (75,031) (80,922)
Other operating activities, net (7,110) (12,512)
Net cash provided by continuing operations activities 279,776 338,330
Investing Activities    
Property additions and dry hole costs (345,319) (244,908)
Net cash required by investing activities (345,319) (244,908)
Financing Activities    
Borrowings on revolving credit facility 100,000 0
Repayment of revolving credit facility (100,000) 0
Distributions to noncontrolling interest (9,679) (39,884)
Contingent consideration payment (47,678) (55,169)
Cash dividends paid (42,925) (23,300)
Withholding tax on stock-based incentive awards (14,217) (15,421)
Capital lease obligation payments (139) (158)
Issue costs of debt facility (17) 0
Net cash required by financing activities (114,655) (133,932)
Effect of exchange rate changes on cash and cash equivalents 618 (87)
Net decrease in cash and cash equivalents (179,580) (40,597)
Cash and cash equivalents at beginning of period 491,963 521,184
Cash and cash equivalents at end of period $ 312,383 $ 480,587