XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Statement of Cash Flows [Abstract]    
Net income $ 1,280,791 $ 1,947,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 1,867,675 1,607,034
Property impairments 34,718 46,469
Non-cash (gain) loss on derivatives 125,161 (61,371)
Provision (benefit) for deferred income taxes (30,710) 168,368
Equity in net loss of affiliate 2,981 2,041
Net (gain) loss on sale of assets 36,401 51,041
Loss on extinguishment of debt 1,600 0
Other, net 379,049 11,547
Changes in assets and liabilities:    
Accounts receivable 250,153 65,699
Inventories (2,406) (34,626)
Other current assets (90,196) (2,955)
Accounts payable trade 53,685 (30,138)
Revenues and royalties payable (182,764) (31,810)
Accrued liabilities and other (13,501) (11,837)
Incentive compensation liability (75,118) (57,399)
Current income taxes liability (84,556) (85,482)
Other noncurrent assets and liabilities (18,855) (14,976)
Net cash provided by operating activities 3,534,108 3,569,357
Cash flows from investing activities    
Exploration and development (2,142,748) (2,798,272)
Purchase of producing crude oil and natural gas properties (1,246) (162,022)
Purchase of other property and equipment (161,188) (169,649)
Proceeds from sale of assets 467,048 377,428
Contributions to unconsolidated affiliates (21,473) (18,624)
Net cash used in investing activities (1,859,607) (2,771,139)
Cash flows from financing activities    
Credit facility borrowings 3,016,000 4,084,000
Repayment of credit facility (3,041,000) (4,313,000)
Redemption of senior notes (893,126) (636,000)
Repayment of other debt (751,863) (1,799)
Debt issuance costs 0 (242)
Contributions from noncontrolling interests 21,560 7,666
Distributions to noncontrolling interests (17,334) (25,326)
Dividends paid on common stock (2,342) (2,052)
Net cash used in financing activities (1,668,105) (886,753)
Net change in cash and cash equivalents 6,396 (88,535)
Cash and cash equivalents at beginning of period 26,397 137,788
Cash and cash equivalents at end of period $ 32,793 $ 49,253