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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 3,098,188 $ 4,046,120 $ 1,666,408
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 2,265,948 1,886,491 1,893,106
Property impairments 66,798 70,417 38,370
Non-cash (gain) loss on derivatives, net (686,598) 212,976 (20,814)
Stock-based compensation 0 217,650 63,173
Provision for deferred income taxes 328,970 398,429 519,730
Equity in net loss of affiliate 3,129 1,489 0
Dry hole costs 0 12,305 0
Net (gain) loss on sale of assets and other 50,581 262 (5,146)
Loss on extinguishment of debt 0 403 290
Other, net 21,594 27,294 35,614
Changes in assets and liabilities:      
Accounts receivable 222,091 (372,529) (694,981)
Inventories (17,600) (67,478) (33,411)
Other current assets (6,118) (10,242) (2,144)
Accounts payable trade (38,740) 164,071 106,367
Revenues and royalties payable (111,738) 253,286 298,552
Accrued liabilities and other 2,940 51,222 109,540
Incentive compensation liability (53,429) 0 0
Current income taxes liability (67,593) 152,149 0
Other noncurrent assets and liabilities (17,436) (4,625) (803)
Net cash provided by operating activities 5,060,987 7,039,690 3,973,851
Cash flows from investing activities:      
Exploration and development (3,550,502) (2,838,075) (2,382,413)
Purchase of producing crude oil and natural gas properties (161,408) (421,850) (2,548,575)
Purchase of other property and equipment (205,356) (68,189) (66,598)
Proceeds from sale of assets 390,034 5,740 8,041
Contributions to unconsolidated affiliates (33,862) (212,294) 0
Net cash used in investing activities (3,561,094) (3,534,668) (4,989,545)
Cash flows from financing activities:      
Credit facility borrowings 4,792,000 3,886,000 1,663,000
Repayment of credit facility (5,742,000) (3,226,000) (1,323,000)
Proceeds from issuance of Senior Notes 0 0 1,587,776
Redemption and repurchase of Senior Notes (636,000) (31,829) (630,782)
Proceeds from other debt 0 750,000 0
Repayment of other debt (2,410) (2,326) (2,243)
Debt issuance costs (242) (5,148) (12,082)
Contributions from noncontrolling interests 10,580 13,665 31,493
Distributions to noncontrolling interests (31,156) (40,685) (22,447)
Repurchase of common stock prior to take-private transaction 0 (99,855) (123,924)
Take-private transaction (see Note 1) 0 (4,312,642) 0
Repurchase of restricted stock for tax withholdings 0 (35,444) (12,804)
Dividends paid on common stock (2,056) (283,838) (165,895)
Net cash provided by (used in) financing activities (1,611,284) (3,388,102) 989,092
Net change in cash and cash equivalents (111,391) 116,920 (26,602)
Cash and cash equivalents at beginning of period 137,788 20,868 47,470
Cash and cash equivalents at end of period $ 26,397 $ 137,788 $ 20,868