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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 219,532 $ 69,323
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 282,986 294,406
Deferred income tax expense 16,529 46,513
(Gain) loss on sale of assets (275) 139
Exploratory dry hole cost 0 2,011
Loss (gain) on derivative instruments 301,641 (17,783)
Net cash (paid) received in settlement of derivative instruments (61,302) 33,529
Loss on equity method investments 0 59
Amortization of debt issuance costs 2,132 2,234
Stock-based compensation and other 24,259 34,204
Changes in assets and liabilities:    
Accounts receivable, net (69,985) 72,285
Income taxes (49,557) (27,020)
Inventories 2,489 (1,433)
Other current assets (1,605) (637)
Accounts payable and accrued liabilities 64,390 (25,118)
Interest payable (12,888) (13,691)
Other assets and liabilities (3,683) 1,372
Net cash provided by operating activities 714,663 470,393
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (459,040) (478,422)
Proceeds from sale of assets 319 335
Investment in equity method investments 0 (35)
Proceeds from sale of equity method investments 0 (9,424)
Net cash used in investing activities (458,721) (487,546)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from debt 100,000 123,000
Repayments of debt (288,000) (182,000)
Dividends paid (127,813) (119,532)
Tax withholdings on vesting of stock awards (5,569) (6,350)
Net cash used in financing activities (321,382) (184,882)
Net decrease in cash, cash equivalents and restricted cash (65,440) (202,035)
Cash, cash equivalents and restricted cash, beginning of period 151,691 213,783
Cash, cash equivalents and restricted cash, end of period $ 86,251 $ 11,748