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CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 36,229 $ (764,614) $ (187,001)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 774,386 784,987 823,798
Impairment 35,000 1,016,013 33,842
Stock-based compensation expense 18,819 14,999 24,318
Net derivative (gain) loss 901,659 (161,576) 97,539
Derivative settlement gain (loss) (748,958) 351,261 39,222
Amortization of debt discount and deferred financing costs 17,275 17,704 15,474
Net (gain) loss on extinguishment of debt 2,139 (280,081) 0
Deferred income taxes 9,565 (192,540) (41,835)
Other, net (3,753) (6,800) 1,358
Changes in working capital:      
Accounts receivable (101,047) 29,100 (39,556)
Prepaid expenses and other 220 5,873 6,130
Accounts payable and accrued expenses 218,238 (23,382) 50,278
Net cash provided by operating activities 1,159,772 790,944 823,567
Cash flows from investing activities:      
Net proceeds from the sale of oil and gas properties 10,927 92 13,059
Capital expenditures (674,841) (547,785) (1,023,769)
Acquisition of proved and unproved oil and gas properties (3,321) (7,873) (2,581)
Net cash used in investing activities (667,235) (555,566) (1,013,291)
Cash flows from financing activities:      
Proceeds from revolving credit facility 1,832,500 1,447,000 1,589,000
Repayment of revolving credit facility (1,925,500) (1,476,500) (1,466,500)
Net proceeds from Senior Notes 392,771 0 0
Cash paid for maturities and early repayment of Senior Debt 450,776 189,998 0
Debt issuance costs related to 10.0% Senior Secured Notes due 2025 0 (13,069) 0
Net proceeds from sale of common stock 2,639 1,464 3,209
Dividends paid (2,393) (2,276) (11,254)
Other, net (9,072) (1,999) (2,686)
Net cash used in financing activities (159,831) (235,378) 111,769
Net change in cash, cash equivalents, and restricted cash 332,706 0 (77,955)
Cash, cash equivalents, and restricted cash at beginning of period 10 10 77,965
Cash, cash equivalents, and restricted cash at end of period 332,716 10 10
Supplemental Cash Flow Information - Operating Activities:      
Cash paid for interest, net of capitalized interest (136,606) (140,493) (141,902)
Net cash (paid) refunded for income taxes (864) 6,664 6,109
Supplemental Cash Flow Information - Investing Activities:      
Decrease in capital expenditure accruals and other (10,826) (7,965) (24,289)
Non-cash investing and financing activities      
Non-cash investing and financing activities (1)(2) [1],[2]
[1] (1)    Please refer to Note 16 – Acquisitions, Divestitures, and Assets Held for Sale for discussion of the carrying value of properties exchanged during the years ended December 31, 2021, 2020, and 2019.
[2] (2)    Please refer to Note 5 – Long-Term Debt for discussion of the debt transactions completed during the years ended December 31, 2021, and 2020.