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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income (loss) $ 910,359 $ 1,286,317 $ 640,636
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Unrealized loss (gain) on derivatives 1,261 (18,809) (21,011)
Depletion, depreciation and amortization 716,688 466,348 344,905
Accretion of asset retirement obligations 3,943 2,421 2,068
Stock-based compensation expense 13,661 15,123 9,039
Net deferred income tax provision (benefit) 172,104 344,480 74,710
Amortization of debt issuance cost and other debt related costs 7,047 (517) 3,659
Other non-cash changes (7,262) 1,311 331
Changes in operating assets and liabilities      
Accounts receivable 59,893 (205,426) (98,456)
Lease and well equipment inventory (3,034) (2,847) (1,537)
Prepaid expenses (11,757) (22,952) (11,786)
Other assets 646 175 56
Accounts payable, accrued liabilities and other current liabilities 2,810 63,455 76,891
Royalties payable 34,273 23,339 28,310
Advances from joint interest owners (32,402) 34,283 7,018
Other long-term liabilities (402) (7,962) (1,478)
Net cash provided by operating activities 1,867,828 1,978,739 1,053,355
Investing activities      
Drilling, completion and equipping capital expenditures (1,192,800) (771,830) (431,136)
Acquisition of oil and natural gas properties (187,655) (155,074) (238,609)
Midstream capital expenditures (165,719) (80,051) (63,359)
Expenditures for other property and equipment (3,636) (1,213) (376)
Proceeds from sale of assets and other 14,750 46,507 4,215
Net cash used in investing activities (3,211,192) (1,037,477) (729,265)
Financing activities      
Purchase of senior unsecured notes 0 (344,302) 0
Repayments of borrowings under Credit Agreement (3,032,000) (300,000) (600,000)
Borrowings under Credit Agreement 3,532,000 200,000 260,000
Repayments of borrowings under San Mateo Credit Facility (171,000) (150,000) (84,000)
Borrowings under San Mateo Credit Facility 228,000 230,000 135,000
Cost to enter into or amend credit facilities (9,296) (3,725) (4,108)
Proceeds from issuance of senior unsecured notes 494,800 0 0
Issuance costs of senior unsecured notes (8,503) 0 0
Dividends paid (77,175) (35,246) (14,581)
Contributions related to formation of San Mateo 38,200 28,250 48,626
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 24,500 0 0
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (78,253) (85,995) (61,985)
Taxes paid related to net share settlement of stock-based compensation (22,910) (19,242) (8,211)
Other (16,031) (592) 706
Net cash provided by (used in) financing activities 902,332 (480,852) (328,553)
(Decrease) increase in cash and restricted cash (441,032) 460,410 (4,463)
Cash and restricted cash at beginning of period 547,330 86,920 91,383
Cash and restricted cash at end of period 106,298 547,330 86,920
Midstream      
Investing activities      
Payments to Acquire Businesses, Net of Cash Acquired 0 (75,816) 0
Advance      
Investing activities      
Payments to Acquire Businesses, Net of Cash Acquired $ (1,676,132) $ 0 $ 0