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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 69,323 $ 534,130
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 294,406 299,294
Deferred income tax expense 46,513 188,997
Loss on sale of assets 139 1,464
Exploratory dry hole cost 2,011 16
Gain on derivative instruments (17,783) (82,966)
Net cash received in settlement of derivative instruments 33,529 114,931
Loss (earnings) on equity method investments 59 (11,194)
Distribution of earnings from equity method investments 0 12,610
Amortization of debt issuance costs 2,234 3,219
Stock-based compensation and other 34,204 22,720
Changes in assets and liabilities:    
Accounts receivable, net 72,285 203,164
Income taxes (27,020) (16,746)
Inventories (1,433) (7,119)
Other current assets (637) (1,338)
Accounts payable and accrued liabilities (25,118) (43,413)
Interest payable (13,691) (12,825)
Other assets and liabilities 1,372 (22,133)
Net cash provided by operating activities 470,393 1,182,811
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (478,422) (620,696)
Proceeds from sale of assets 335 2,401
Investment in equity method investments (35) (8,977)
Distribution of investment from equity method investments 0 1,656
Proceeds from sale of equity method investments (9,424) 0
Net cash used in investing activities (487,546) (625,616)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 123,000 95,000
Repayments of debt (182,000) (102,000)
Treasury stock repurchases 0 (347,446)
Dividends paid (119,532) (104,722)
Tax withholdings on vesting of stock awards (6,350) (10,587)
Capitalized debt issuance costs 0 (7,411)
Net cash used in financing activities (184,882) (477,166)
Net (decrease) increase in cash, cash equivalents and restricted cash (202,035) 80,029
Cash, cash equivalents and restricted cash, beginning of period 213,783 2,287
Cash, cash equivalents and restricted cash, end of period $ 11,748 $ 82,316