XML 24 R6.htm IDEA: XBRL DOCUMENT v3.22.4
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities      
Net Income (Loss) $ 773,237,000 $ 6,361,000 $ (906,041,000)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization and Accretion 251,272,000 140,828,000 162,120,000
Amortization of Debt Issuance Costs 4,975,000 3,764,000 5,172,000
Write-off of Debt Issuance Costs 0 0 1,543,000
(Gain) Loss on Extinguishment of Debt (810,000) 13,087,000 3,718,000
Amortization of Bond (Premium) Discount on Long-term Debt (2,125,000) (413,000) (1,037,000)
Loss on the Sale of Other Property & Equipment 185,000 17,000 0
Deferred Income Taxes (571,000) 233,000 210,000
Unrealized (Gain) Loss on Derivative Instruments (41,180,000) 311,328,000 (38,858,000)
Loss on Contingent Consideration (1,859,000) 292,000 169,000
Share-Based Compensation Expense 5,656,000 3,621,000 4,119,000
Impairment of Other Current Assets 0    
Impairment Expense 0 0 1,066,668,000
Other 2,038,000 3,162,000 (234,000)
Changes in Working Capital and Other Items:      
Accounts Receivable, Net (74,904,000) (122,160,000) 37,637,000
Prepaid and Other Expenses (720,000) (1,999,000) 546,000
Accounts Payable (338,000) 14,091,000 (1,089,000)
Accrued Liabilities 9,955,000 12,318,000 342,000
Accrued Interest 3,607,000 11,937,000 (3,300,000)
Net Cash Provided By Operating Activities 928,418,000 396,467,000 331,685,000
Cash Flows From Investing Activities      
Acquisitions of and Capital Expenditures on Oil and Natural Gas Properties (1,355,197,000) (593,228,000) (283,632,000)
Acquisition Deposit (43,000,000) (40,650,000) 0
Purchases of Other Property and Equipment (4,579,000) (556,000) (295,000)
Net Cash Used For Investing Activities (1,402,777,000) (634,434,000) (283,926,000)
Cash Flows From Financing Activities      
Advances on Revolving Credit Facility 1,260,000,000 554,000,000 78,000,000
Repayments on Revolving Credit Facility (996,000,000) (1,031,000,000) (126,000,000)
Purchase of Capped Call (36,100,000) 0 0
Issuance of Convertible Notes 482,971,000 0 0
Repayments of Second Lien Notes 0 (295,918,000) (13,514,000)
Repayments of Senior Unsecured Promissory Note 0 (130,000,000) 0
Issuance of Senior Notes 0 763,500,000 0
Repurchase of Senior Notes (24,907,000) 0 0
Debt Issuance Costs Paid (7,388,000) (17,611,000) (446,000)
Issuance of Common Stock 0 438,077,000 0
Common Stock Dividends Paid (51,602,000) (4,938,000) 0
Repurchases of Common Stock (54,502,000) 0 0
Repurchase of Preferred Stock (81,236,000) 0 0
Preferred Stock Dividends Paid (21,664,000) (29,212,000) 0
Restricted Stock Surrenders - Tax Obligations (2,206,000) (839,000) (439,000)
Net Cash Provided (Used) By Financing Activities 467,367,000 246,059,000 (62,399,000)
Net Increase (Decrease) in Cash and Cash Equivalents (6,992,000) 8,092,000 (14,640,000)
Cash and Cash Equivalents – Beginning of Period 9,519,000 1,428,000 16,068,000
Cash and Cash Equivalents – End of Period $ 2,528,000 $ 9,519,000 $ 1,428,000