XML 23 R9.htm IDEA: XBRL DOCUMENT v3.22.4
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 97,145 $ (51,362)
Adjustment for (income) loss from discontinued operations (718) 31
Income (loss) from continuing operations 96,427 (51,331)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 96,655 100,437
Asset impairment charges 12,097 4,363
Amortization of debt discount and debt issuance costs 322 239
Loss on extinguishment of debt 0 60,083
Provision for credit loss 3,358 (112)
Stock-based compensation 8,273 6,218
(Gain) loss on investment securities 15,091 (47,862)
Gain on reimbursement of drilling equipment (15,724) (5,254)
Other (gain) loss on sale of assets (2,379) 1,029
Deferred income tax expense (benefit) 188 (17,750)
Other 7,692 (4,489)
Change in assets and liabilities:    
Accounts receivable (57,896) (54,641)
Inventories of materials and supplies (3,007) (2,507)
Prepaid expenses and other (8,676) 4,099
Other noncurrent assets (1,746) 3,930
Accounts payable 10,450 36,041
Accrued liabilities 20,759 (17,592)
Deferred income tax liability (711) 69
Other noncurrent liabilities 4,224 (18,675)
Net cash provided by (used in) operating activities from continuing operations 185,397 (3,705)
Net cash used in operating activities from discontinued operations (22) (13)
Net cash provided by (used in) operating activities 185,375 (3,718)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (96,027) (44,014)
Other capital expenditures related to assets held-for-sale 0 (3,877)
Purchase of short-term investments (41,641) (47,083)
Purchase of long-term investments (16,237) (9,015)
Proceeds from sale of short-term investments 40,758 37,777
Proceeds from asset sales 30,978 21,483
Net cash used in investing activities (82,169) (44,729)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (51,764) (27,320)
Payments for employee taxes on net settlement of equity awards (9,483) (4,113)
Payment of contingent consideration from acquisition of business (250) (250)
Payments for early extinguishment of long-term debt 0 (487,148)
Make-whole premium payment 0 (56,421)
Share repurchases (39,060) (60,358)
Net cash used in financing activities (100,557) (635,610)
Net increase (decrease) in cash and cash equivalents and restricted cash 2,649 (684,057)
Cash and cash equivalents and restricted cash, beginning of period 269,009 936,716
Cash and cash equivalents and restricted cash, end of period 271,658 252,659
Cash paid (received) during the period:    
Interest paid 915 2,673
Income tax paid (received), net (21,876) 97
Payments for operating leases 2,474 3,657
Non-cash operating and investing activities:    
Change in accounts payable and accrued liabilities related to purchases of property, plant and equipment $ (650) $ (1,820)