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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 4,046,120 $ 1,666,408 $ (605,561)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 1,886,491 1,893,106 1,882,458
Property impairments 70,417 38,370 277,941
Non-cash (gain) loss on derivatives, net 212,976 (20,814) (13,492)
Stock/incentive-based compensation 217,650 63,173 64,613
Provision (benefit) for deferred income taxes 398,429 519,730 (166,971)
Equity in net loss of affiliate 1,489 0 0
Dry hole costs 12,305 0 0
Net (gain) loss on sale of assets and other 262 (5,146) 187
(Gain) loss on extinguishment of debt 403 290 (35,719)
Other, net 27,294 35,614 16,970
Changes in assets and liabilities:      
Accounts receivable (372,529) (694,981) 332,128
Inventories (67,478) (33,411) 12,859
Other current assets (10,242) (2,144) 1,471
Accounts payable trade 164,071 106,367 (133,977)
Revenues and royalties payable 253,286 298,552 (143,260)
Accrued liabilities and other 51,222 109,540 (66,071)
Current income taxes liability 152,149 0 0
Other noncurrent assets and liabilities (4,625) (803) (1,272)
Net cash provided by operating activities 7,039,690 3,973,851 1,422,304
Cash flows from investing activities:      
Exploration and development (2,838,075) (2,382,413) (1,408,149)
Purchase of producing crude oil and natural gas properties (421,850) (2,548,575) (81,994)
Purchase of other property and equipment (68,189) (66,598) (23,994)
Proceeds from sale of assets 5,740 8,041 2,779
Contributions to unconsolidated affiliates (212,294) 0 0
Net cash used in investing activities (3,534,668) (4,989,545) (1,511,358)
Cash flows from financing activities:      
Credit facility borrowings 3,886,000 1,663,000 2,052,000
Repayment of credit facility (3,226,000) (1,323,000) (1,947,000)
Proceeds from issuance of Senior Notes 0 1,587,776 1,485,000
Redemption and repurchase of Senior Notes (31,829) (630,782) (1,343,250)
Premium and costs on redemption of Senior Notes 0 0 (25,173)
Proceeds from other debt 750,000 0 26,000
Repayment of other debt (2,326) (2,243) (6,679)
Debt issuance costs (5,148) (12,082) (4,368)
Contributions from noncontrolling interests 13,665 31,493 27,116
Distributions to noncontrolling interests (40,685) (22,447) (13,809)
Repurchase of common stock prior to take-private transaction (99,855) (123,924) (126,906)
Take-private transaction (see Note 1) (4,312,642) 0 0
Repurchase of restricted stock for tax withholdings (35,444) (12,804) (7,347)
Dividends paid on common stock (283,838) (165,895) (18,460)
Net cash provided by (used in) financing activities (3,388,102) 989,092 97,124
Net change in cash and cash equivalents 116,920 (26,602) 8,070
Cash and cash equivalents at beginning of period 20,868 47,470 39,400
Cash and cash equivalents at end of period $ 137,788 $ 20,868 $ 47,470