XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (111,424) $ (134,125)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income taxes (24,788) (30,150)
Gain on sale of assets (2) (70)
Depreciation, depletion and amortization 106,728 109,128
Loss on derivative financial instruments 437,493 21,749
Cash settlements of derivative financial instruments (117,186) (8,677)
Amortization of debt discount and issuance costs 4,225 8,489
Stock-based compensation 1,495 1,690
Loss on early retirement of debt 0 238,539
(Increase) decrease in accounts receivable 28,125 (7,032)
Decrease in other current assets 1,406 4,778
Decrease in accounts payable and accrued expenses (42,033) (11,047)
Net cash provided by operating activities 284,039 193,272
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (213,277) (165,751)
Proceeds from sales of assets 45 200
Net cash used for investing activities (213,232) (165,551)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 95,000 145,000
Repayments on bank credit facility (180,000) (95,000)
Issuance of Senior Notes 0 1,257,500
Retirement of Senior Notes 0 (1,263,651)
Preferred stock dividends paid (4,315) (4,315)
Debt and stock issuance costs 0 (20,092)
Income tax withholdings on equity awards (18) 0
Net cash provided by (used for) financing activities (89,333) 19,442
Net increase (decrease) in cash and cash equivalents (18,526) 47,163
Cash and cash equivalents, beginning of period 30,663 30,272
Cash and cash equivalents, end of period $ 12,137 $ 77,435