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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 156,818 $ 84,284
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 185,697 194,757
Deferred income tax expense 14,695 52,089
(Gain) loss on sale of assets (91) 170
Exploratory dry hole cost 0 2,011
Loss (gain) on derivative instruments 100,358 (60,036)
Net cash received in settlement of derivative instruments 3,050 19,423
Loss on equity method investments 0 59
Amortization of debt issuance costs 1,424 1,501
Stock-based compensation and other 14,702 23,463
Changes in assets and liabilities:    
Accounts receivable, net 32,024 91,106
Income taxes (16,253) (25,547)
Inventories (2,125) (4,452)
Other current assets (2,983) (1,663)
Accounts payable and accrued liabilities (11,872) (36,453)
Interest payable (2,622) (97)
Other assets and liabilities (3,353) 718
Net cash provided by operating activities 469,469 341,333
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (274,939) (331,183)
Proceeds from sale of assets 112 275
Investment in equity method investments 0 (35)
Proceeds from sale of equity method investments 0 (9,424)
Net cash used in investing activities (274,827) (340,367)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of debt (88,000) 0
Dividends paid (83,850) (79,675)
Tax withholdings on vesting of stock awards (5,569) (6,332)
Net cash used in financing activities (177,419) (86,007)
Net increase (decrease) in cash, cash equivalents and restricted cash 17,223 (85,041)
Cash, cash equivalents and restricted cash, beginning of period 151,691 213,783
Cash, cash equivalents and restricted cash, end of period $ 168,914 $ 128,742