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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (loss) $ 60,857 $ 242,168 $ 116,738
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Provision for expected credit losses 0 0 (2,329)
Depreciation, depletion and amortization 22,176 17,884 15,445
Deferred income taxes 13,960 (64,529) 0
Debt issuance costs amortization 0 0 57
Write off of debt issuance costs 0 0 174
(Gain) loss on derivative contracts (1,447) (5,975) 2,251
Settlement gains (losses) on derivative contracts 5,876 1,525 (2,230)
(Gain) on sale of assets 0 0 (18,952)
Stock-based compensation 1,945 1,526 1,394
Other 159 153 144
Changes in operating assets and liabilities increasing (decreasing) cash      
Receivables 12,130 (13,211) 841
Prepaid expenses 93 (1,507) 2,264
Other current assets 2,203 (5,378) 0
Other assets and liabilities, net (56) (129) (1,212)
Accounts payable and accrued expenses (1,409) (5,246) (2,241)
Asset retirement obligations (909) (2,585) (2,084)
Net cash provided by operating activities 115,578 164,696 110,260
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures for property, plant and equipment (26,375) (44,085) (11,583)
Acquisitions of assets (11,232) (1,431) (3,545)
Purchase of other property and equipment (29) (49) (59)
Proceeds from sale of assets 1,472 448 38,160
Net cash (used in) provided by investing activities (36,164) (45,117) 22,973
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (81,515) 0 0
Repayments of borrowings 0 0 (20,000)
Debt issuance costs 0 0 (75)
Reduction of financing lease liability (588) (541) (1,024)
Proceeds from exercise of stock options 94 77 23
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (929) (1,177) (899)
Cash received on warrant exercises 0 6 0
Net cash (used in) financing activities (82,938) (1,635) (21,975)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH (3,524) 117,944 111,258
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 257,468 139,524 28,266
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of year $ 253,944 $ 257,468 $ 139,524