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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 (loss) $ 749,840 $ 138,175 $ (685,199)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 444,678 289,122 358,554
Stock-based compensation expense - equity awards 116,480 37,541 20,966
Stock-based compensation expense - liability awards (24,174) 20,573 3,602
Impairment and abandonment expense 3,875 32,511 691,190
Exploratory dry hole costs 0 0 6,615
Deferred tax expense (benefit) 119,679 569 (85,124)
Net (gain) loss on sale of long-lived assets 1,314 (34,168) (398)
Non-cash portion of derivative (gain) loss (77,737) 16,700 17,884
Amortization of debt issuance costs and debt discount 15,362 4,992 5,923
(Gain) loss on extinguishment of debt 0 22,156 (143,443)
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (66,824) (21,475) 44,572
(Increase) decrease in prepaid and other assets (1,751) 2,907 (3,804)
Increase (decrease) in accounts payable and other liabilities 90,929 16,016 (59,962)
Net cash provided by operating activities 1,371,671 525,619 171,376
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (8,858) (6,510) (8,464)
Drilling and development capital expenditures (771,577) (319,640) (318,465)
Cash Acquired in Excess of Payments to Acquire Business 496,671 0 0
Purchases of other property and equipment (3,563) (901) (1,083)
Proceeds from sales of oil and natural gas properties 75,620 100,575 1,689
Net cash used in investing activities (1,205,049) (226,476) (326,323)
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facility 1,115,000 570,000 570,000
Repayment of borrowings under revolving credit facility (755,000) (875,000) (415,000)
Repayment of credit facility acquired in the Merger (400,000) 0 0
Proceeds from issuance of senior notes 0 170,000 0
Debt exchange and debt issuance costs (19,833) (6,421) (6,650)
Premiums paid on capped call transactions 0 (14,688) 0
Redemption of senior secured notes 0 (127,073) 0
Proceeds from exercise of stock options 109 132 0
Dividends Paid (14,426) 0 0
Distributions paid to noncontrolling interest owners 13,465 0 0
Class A Common Stock repurchased from employees for taxes due upon share vestings (19,010) (14,497) (607)
Net cash (used in) provided by financing activities (106,625) (297,547) 147,743
Net increase (decrease) in cash, cash equivalents and restricted cash 59,997 1,596 (7,204)
Cash, cash equivalents and restricted cash, beginning of period 9,935 8,339 15,543
Cash, cash equivalents and restricted cash, end of period 69,932 9,935 8,339
Supplemental cash flow information      
Cash paid for interest 60,700 57,943 69,675
Cash paid for income taxes 613 0 0
Supplemental non-cash activity      
Equity issued and long-term debt assumed to acquire oil and gas properties via the Merger 3,317,797 0 0
Accrued capital expenditures included in accounts payable and accrued expenses 166,062 29,128 23,409
Asset retirement obligations incurred, including revisions to estimates 22,648 249 (563)
Dividends payable 1,059 0 0
Senior Secured Notes issued in the debt exchange, net of debt discount 0 0 106,030
Restricted Cash and Cash Equivalents [Abstract]      
Cash and cash equivalents 59,545 9,380 5,800
Restricted cash [1] 10,387 555 2,539
Total cash, cash equivalents and restricted cash 69,932 9,935 8,339
Senior Notes Due 2026 | Senior Notes      
Supplemental non-cash activity      
Extinguishment of Debt, Amount 0 0 (108,632)
Senior Notes Due 2027 | Senior Notes      
Supplemental non-cash activity      
Extinguishment of Debt, Amount $ 0 $ 0 $ (140,840)
[1] Included in Prepaid and other current assets and Other noncurrent asset as of December 31, 2022 and 2020 and in Prepaid and other current assets as of December 31, 2021 in the consolidated balance sheets.