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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 198,552 $ 48,764
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 154,189 159,481
Stock-based compensation expense 4,318 4,274
Net derivative (gain) loss (51,329) 418,521
Derivative settlement gain (loss) 5,076 (168,183)
Amortization of debt discount and deferred financing costs 1,371 4,010
Deferred income taxes 49,968 11,948
Other, net (4,295) 1,239
Net change in working capital (26,216) (137,962)
Net cash provided by operating activities 331,634 342,092
Cash flows from investing activities:    
Capital expenditures (240,712) (150,127)
Other, net 307 0
Net cash used in investing activities (240,405) (150,127)
Cash flows from financing activities:    
Cash paid to repurchase Senior Notes 0 (104,770)
Repurchase of common stock (40,068) 0
Dividends paid (18,290) 0
Other, net 0 (24)
Net cash used in financing activities (58,358) (104,794)
Net change in cash, cash equivalents, and restricted cash 32,871 87,171
Cash, cash equivalents, and restricted cash at beginning of period 444,998 332,716
Cash, cash equivalents, and restricted cash at end of period 477,869 419,887
Supplemental Cash Flow Information - Operating activities:    
Cash paid for interest, net of capitalized interest (33,882) (64,204)
Supplemental Cash Flow Information - Investing activities:    
Increase in capital expenditure accruals and other $ 66,873 $ 15,627