XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net income (loss) $ 323,485 $ (222,995) $ 372,249 $ (474,264)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 154,823 204,714 314,304 371,674
Impairment 4,389 8,750 5,389 17,500
Stock-based compensation expense     8,753 9,693
Net derivative loss 104,236 370,348 522,757 715,037
Derivative settlement loss     (408,781) (266,707)
Amortization of debt discount and deferred financing costs     7,607 9,445
Loss on extinguishment of debt 67,226 2,144 67,605 2,144
Deferred income taxes 81,000 (162) 92,948 (214)
Other Noncash Income (Expense)     11,578 (13,377)
Net change in working capital     (109,748) 31,092
Net cash provided by operating activities     884,661 402,023
Cash flows from investing activities:        
Capital expenditures     (365,745) (370,177)
Other, net     0 221
Net cash used in investing activities     (365,745) (369,956)
Cash flows from financing activities:        
Proceeds from revolving credit facility     0 944,000
Repayment of revolving credit facility     0 (984,500)
Net proceeds from Senior Notes     0 393,583
Cash paid to repurchase Senior Notes     (584,946) (385,296)
Net proceeds from sale of common stock     1,645 1,315
Dividends paid     (1,218) (1,178)
Other, net     (24) (1)
Net cash used in financing activities     (584,543) (32,077)
Net change in cash, cash equivalents, and restricted cash     (65,627) (10)
Cash, cash equivalents, and restricted cash at beginning of period     332,716 10
Cash, cash equivalents, and restricted cash at end of period $ 267,089 $ 0 267,089 0
Supplemental Cash Flow Information - Operating activities:        
Cash paid for interest, net of capitalized interest     (90,875) (74,864)
Supplemental Cash Flow Information - Investing activities:        
Increase in capital expenditure accruals and other     37,780 28,987
Non-cash financing activities (1) [1]    
[1] (1)    Please refer to Note 5 - Long-Term Debt for discussion of the debt transactions executed during the six months ended June 30, 2022, and 2021.