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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,158,000 $ 201,000 $ 681,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 693,000 391,000 406,000
Deferred income tax expense 126,000 72,000 244,000
Loss on sale of assets 2,000 0 1,000
Exploratory dry hole cost 0 4,000 2,000
Loss (gain) on derivative instruments 221,000 (61,000) (81,000)
Net cash (paid) received in settlement of derivative instruments (431,000) 35,000 139,000
Earnings on equity method investments 0 0 (81,000)
Distribution of earnings from equity method investments 0 0 16,000
Amortization of premium and debt issuance costs (10,000) 3,000 4,000
Stock-based compensation and other 52,000 40,000 30,000
Changes in assets and liabilities:      
Accounts receivable, net (229,000) (6,000) 153,000
Income taxes 34,000 124,000 (14,000)
Inventories 5,000 (2,000) (3,000)
Other current assets (4,000) 0 0
Accounts payable and accrued liabilities 47,000 (30,000) (30,000)
Interest payable 6,000 (2,000) 0
Other assets and liabilities (3,000) 9,000 (22,000)
Net cash provided by operating activities 1,667,000 778,000 1,445,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (728,000) (576,000) (788,000)
Proceeds from sale of assets 8,000 1,000 3,000
Investment in equity method investments 0 0 (9,000)
Distribution of investment from equity method investments 0 0 2,000
Cash received from Merger 1,033,000 0 0
Proceeds from sale of equity method investments 0 (9,000)  
Proceeds from sale of equity method investments     249,000
Net cash provided by (used in) investing activities 313,000 (584,000) (543,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from debt 100,000 196,000 95,000
Repayments of debt (288,000) (283,000) (102,000)
Repayment of finance leases (2,000) 0 0
Treasury stock repurchases 0 0 (520,000)
Dividends paid (780,000) (159,000) (146,000)
Tax withholding on vesting of stock awards (114,000) (10,000) (11,000)
Capitalized debt issuance costs (4,000) 0 (6,000)
Cash received for stock option exercises 2,000 0 0
Net cash used in financing activities (1,086,000) (256,000) (690,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 894,000 (62,000) 212,000
Cash, cash equivalents and restricted cash, beginning of period 152,000 214,000 2,000
Cash, cash equivalents and restricted cash, end of period $ 1,046,000 $ 152,000 $ 214,000