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CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 1,111,952 $ 36,229 $ (764,614)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 603,780 774,386 784,987
Impairment 7,468 35,000 1,016,013
Stock-based compensation expense 18,772 18,819 14,999
Net derivative (gain) loss 374,012 901,659 (161,576)
Derivative settlement gain (loss) (710,700) (748,958) 351,261
Amortization of debt discount and deferred financing costs 10,281 17,275 17,704
Net (gain) loss on extinguishment of debt 67,605 2,139 (280,081)
Deferred income taxes 269,057 9,565 (192,540)
Other, net 6,242 (3,753) (6,800)
Changes in working capital:      
Accounts receivable 38,554 (101,047) 29,100
Prepaid expenses and other (1,055) 220 5,873
Accounts payable and accrued expenses (109,562) 218,238 (23,382)
Net cash provided by operating activities 1,686,406 1,159,772 790,944
Cash flows from investing activities:      
Capital expenditures (879,934) (674,841) (547,785)
Other, net (329) 7,606 (7,781)
Net cash used in investing activities (880,263) (667,235) (555,566)
Cash flows from financing activities:      
Proceeds from revolving credit facility 0 1,832,500 1,447,000
Repayment of revolving credit facility 0 (1,925,500) (1,476,500)
Net proceeds from Senior Notes 0 392,771 0
Cash paid to repurchase Senior Notes 584,946 450,776 189,998
Repurchase of common stock (57,207) 0 0
Net proceeds from sale of common stock 3,039 2,639 1,464
Dividends paid (19,637) (2,393) (2,276)
Net share settlement from issuance of stock awards (25,129) (9,072) (1,560)
Other, net (9,981) 0 (13,508)
Net cash used in financing activities (693,861) (159,831) (235,378)
Net change in cash, cash equivalents, and restricted cash 112,282 332,706 0
Cash, cash equivalents, and restricted cash at beginning of period 332,716 10 10
Cash, cash equivalents, and restricted cash at end of period 444,998 332,716 10
Supplemental Cash Flow Information - Operating Activities:      
Cash paid for interest, net of capitalized interest (134,240) (136,606) (140,493)
Net cash (paid) refunded for income taxes (10,576) (864) 6,664
Increase (decrease) in capital expenditure accruals and other 29,789 (10,826) (7,965)
Non-cash investing and financing activities      
Non-cash financing activities (1) [1]
[1] (1)    Please refer to Note 5 – Long-Term Debt for discussion of the debt transactions completed during the years ended December 31, 2022, 2021, and 2020.