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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net income (loss) $ 1,666,408 $ (605,561) $ 774,473
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 1,893,106 1,882,458 2,019,704
Property impairments 38,370 277,941 86,202
Non-cash (gain) loss on derivatives, net (20,814) (13,492) 15,612
Stock-based compensation 63,173 64,613 52,044
Provision (benefit) for deferred income taxes 519,730 (166,971) 212,689
Net (gain) loss on sale of assets and other (5,146) 187 (535)
(Gain) loss on extinguishment of debt 290 (35,719) 4,584
Other, net 35,614 16,970 10,408
Changes in assets and liabilities:      
Accounts receivable (694,981) 332,128 (33,619)
Inventories (33,411) 12,859 (21,204)
Other current assets (2,144) 1,471 (4,459)
Accounts payable trade 106,367 (133,977) (36,359)
Revenues and royalties payable 298,552 (143,260) 69,195
Accrued liabilities and other 109,540 (66,071) (36,467)
Other noncurrent assets and liabilities (803) (1,272) 3,420
Net cash provided by operating activities 3,973,851 1,422,304 3,115,688
Cash flows from investing activities:      
Exploration and development (2,382,413) (1,408,149) (2,783,149)
Purchase of producing crude oil and natural gas properties (2,548,575) (81,994) (51,558)
Purchase of other property and equipment (66,598) (23,994) (25,983)
Proceeds from sale of assets 8,041 2,779 88,734
Net cash used in investing activities (4,989,545) (1,511,358) (2,771,956)
Cash flows from financing activities:      
Credit facility borrowings 1,663,000 2,052,000 1,216,000
Repayment of credit facility (1,323,000) (1,947,000) (1,161,000)
Proceeds from issuance of Senior Notes 1,587,776 1,485,000 0
Redemption and repurchase of Senior Notes (630,782) (1,343,250) (500,000)
Premium and costs on redemption of Senior Notes 0 (25,173) (4,167)
Proceeds from other debt 0 26,000 0
Repayment of other debt (2,243) (6,679) (2,352)
Debt issuance costs (12,082) (4,368) 0
Contributions from noncontrolling interests 31,493 27,116 109,137
Distributions to noncontrolling interests (22,447) (13,809) (14,164)
Repurchase of common stock (123,924) (126,906) (190,239)
Repurchase of restricted stock for tax withholdings (12,804) (7,347) (21,943)
Dividends paid on common stock (165,895) (18,460) (18,380)
Net cash provided by (used in) financing activities 989,092 97,124 (587,108)
Effect of exchange rate on cash and cash equivalents 0 0 27
Net change in cash and cash equivalents (26,602) 8,070 (243,349)
Cash and cash equivalents at beginning of period 47,470 39,400 282,749
Cash and cash equivalents at end of period $ 20,868 $ 47,470 $ 39,400