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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 1,248,080 $ 178,921 $ 103,528
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization 816,446 226,931 91,242
Deferred income tax expense (benefit) 337,502 72,858 (60,520)
Abandonment and impairment of unproved properties 17,975 57,260 37,343
Stock-based compensation 31,367 15,558 6,156
Amortization of deferred financing costs 4,464 1,890 864
Derivative (gain) loss 335,160 60,510 (53,462)
Derivative cash settlement gain (loss) (576,802) (275,914) 49,406
(Gain) loss on property transactions, net (15,880) (1,932) 1,398
Other 2,588 90 (186)
Changes in current assets and liabilities:      
Accounts receivable, net (941) (100,881) 24,945
Prepaid expenses and other assets (34,025) (3,338) 3,352
Accounts payable and accrued liabilities 335,563 47,510 (41,278)
Settlement of asset retirement obligations (24,456) (4,864) (3,992)
Net cash provided by operating activities 2,477,041 274,599 158,796
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (377,923) (1,250) (3,210)
Cash acquired 44,310 223,692 0
Exploration and development of oil and natural gas properties (967,096) (151,500) (60,149)
Proceeds from sale of oil and natural gas properties 2,355 0 0
Purchases of carbon offsets (7,298) 0 0
Proceeds from (additions to) other property and equipment (579)   (440)
Proceeds from (additions to) other property and equipment   2,393  
Other 136 212 0
Net cash provided by (used in) investing activities (1,306,095) 73,547 (63,799)
Cash flows from financing activities:      
Proceeds from credit facility 100,000 155,000 45,000
Payments to credit facility (100,000) (589,000) (125,000)
Proceeds from issuance of senior notes 0 400,000 0
Redemption of senior notes (100,000) 0 0
Proceeds from exercise of stock options 308 1,585 0
Dividends paid (536,922) (60,780) 0
Payment of employee tax withholdings in exchange for the return of common stock (19,580) (5,927) (1,122)
Deferred financing costs (1,174) (19,292) (23)
Other 0 (21) (102)
Net cash used in financing activities (657,368) (118,435) (81,247)
Net change in cash, cash equivalents, and restricted cash 513,578 229,711 13,750
Cash, cash equivalents, and restricted cash:      
Beginning of period [1] 254,556 24,845 11,095
End of period [1] $ 768,134 $ 254,556 $ 24,845
[1] (1) Includes $0.1 million of restricted cash and consists of funds for road maintenance and repairs that is presented in other noncurrent assets within the accompanying balance sheets.