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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:        
Net income $ 222,343 $ 481,240 $ 570,769 $ 853,489
Adjustments to reconcile net income to net cash provided by operating activities:        
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 189,353 145,865 501,374 460,169
Stock-based compensation expense     14,519 13,858
Net derivative loss 75,355 (137,577) 12,352 385,180
Derivative settlement gain (loss)     20,398 (595,080)
Amortization of debt discount and deferred financing costs     4,114 8,910
Loss on extinguishment of debt 0 0 0 67,605
Deferred income taxes (51,075) 110,048 43,171 202,996
Other, net     (11,489) 14,134
Net change in working capital     (57,329) (13,230)
Net cash provided by operating activities     1,097,879 1,398,031
Cash flows from investing activities:        
Capital expenditures     (766,756) (591,846)
Acquisition of proved and unproved oil and gas properties     (109,318) (7)
Other, net     657 (589)
Net cash used in investing activities     (875,417) (592,442)
Cash flows from financing activities:        
Cash paid to repurchase Senior Notes     0 (584,946)
Repurchase of common stock     (205,246) (20,241)
Net proceeds from sale of common stock     1,815 1,645
Dividends paid     (54,167) (1,218)
Other, net     (7,882) (35,110)
Net cash used in financing activities     (265,480) (639,870)
Net change in cash, cash equivalents, and restricted cash     (43,018) 165,719
Cash, cash equivalents, and restricted cash at beginning of period     444,998 332,716
Cash, cash equivalents, and restricted cash at end of period $ 401,980 $ 498,435 401,980 498,435
Supplemental Cash Flow Information - Operating activities:        
Cash paid for interest, net of capitalized interest     (77,514) (125,668)
Income Taxes Paid, Net     (6,176) (10,506)
Supplemental Cash Flow Information - Investing activities:        
Changes in capital expenditure accruals and other     $ 35,683 50,590
Supplemental Cash Flow Information - Non-cash Financing Activities        
Non-cash financing activities (1) [1]      
[1] (1)    Please refer to Note 5 - Long-Term Debt for discussion of the debt transactions executed during the nine months ended September 30, 2022.