XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (137,723) $ 88,797
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes (54,431) 25,270
Gain on sale of assets 0 (125)
Depreciation, depletion and amortization 384,931 274,160
Gain on derivative financial instruments (14,055) (61,914)
Cash settlements of derivative financial instruments 108,547 65,877
Amortization of debt discount and issuance costs 5,383 3,991
Stock-based compensation 7,497 4,351
Decrease in accounts receivable 76,231 316,210
Decrease in other current assets 4,846 1,201
Increase (decrease) in accounts payable and accrued expenses (126,112) 56
Net cash provided by operating activities 255,114 717,874
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and acquisitions (588,208) (743,858)
Prepaid drilling costs 12,484 (8,624)
Proceeds from sales of assets 0 41,295
Net cash used for investing activities (575,724) (711,187)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 430,000 160,000
Repayments of bank credit facility (585,000) (140,000)
Issuance of Senior Notes 372,000 0
Issuance of common stock 100,450 0
Common stock dividends paid 0 (69,377)
Debt and stock issuance costs (6,768) (144)
Income tax withholdings on equity awards (3,373) (1,899)
Contributions from noncontrolling interest 17,000 0
Distribution to noncontrolling interest (1,098) 0
Net cash provided by (used for) financing activities 323,211 (51,420)
Net increase (decrease) in cash and cash equivalents 2,601 (44,733)
Cash and cash equivalents, beginning of period 16,669 54,652
Cash and cash equivalents, end of period $ 19,270 $ 9,919