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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 126,354 $ 53,910
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 94,148 100,135
Deferred income tax expense 12,371 44,044
Gain on sale of assets (71) (71)
Loss (gain) on derivative instruments 13,238 (16,062)
Net cash received in settlement of derivative instruments 3,397 0
Loss on equity method investments 0 59
Amortization of debt issuance costs 715 750
Stock-based compensation and other 11,076 15,765
Changes in assets and liabilities:    
Accounts receivable, net 16,881 73,327
Income taxes 23,507 (26,756)
Inventories (600) (4,317)
Other current assets 818 916
Accounts payable and accrued liabilities 3,425 (23,711)
Interest payable (12,915) (12,981)
Other assets and liabilities (1,817) (111)
Net cash provided by operating activities 290,527 204,897
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (123,617) (148,702)
Proceeds from sale of assets 92 48
Investment in equity method investments 0 (35)
Proceeds from sale of equity method investments 0 (9,424)
Net cash used in investing activities (123,525) (158,113)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of debt (88,000) 0
Dividends paid (39,887) (39,817)
Tax withholdings on vesting of stock awards (5,569) (6,313)
Net cash used in financing activities (133,456) (46,130)
Net increase in cash, cash equivalents and restricted cash 33,546 654
Cash, cash equivalents and restricted cash, beginning of period 151,691 213,783
Cash, cash equivalents and restricted cash, end of period $ 185,237 $ 214,437