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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 18, 2020
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities        
Net income (loss) $ (50,658) $ (1,432,578) $ 480,160 $ 56,002
Adjustments to reconcile net income (loss) to cash flows from operating activities        
Noncash reorganization items, net 0 810,909 0 0
Depletion, depreciation, and amortization 45,812 188,593 151,428 150,640
Write-down of oil and natural gas properties 1,006 996,658 0 14,377
Deferred income taxes (2,556) (408,869) 69,481 364
Stock-based compensation 8,212 4,111 16,055 25,322
Commodity derivatives expense (income) 61,902 (102,032) 178,744 352,984
Receipt (payment) on settlements of commodity derivatives 21,089 81,396 (315,752) (277,240)
Gain on debt extinguishment 0 (18,994) 0 0
Debt issuance costs and discounts 799 11,571 2,996 2,740
Gain from asset sales and other (3,546) (6,723) (1,232) (10,609)
Other, net 1,197 7,162 (13,198) (2,465)
Changes in assets and liabilities, net of effects from acquisitions        
Accrued production receivable 21,411 26,575 (911) (51,944)
Trade and other receivables 15,567 (22,343) (8,241) (284)
Other current and long-term assets (1,795) 743 (9,659) 10,390
Accounts payable and accrued liabilities (67,167) (16,102) 964 28,500
Oil and natural gas production payable (6,912) (6,792) 4,469 29,351
Asset retirement obligation settlements (3,439) (2,465) (34,260) (10,185)
Other liabilities (596) 2,588 (299) (785)
Net cash provided by operating activities 40,326 113,408 520,745 317,158
Cash flows from investing activities        
Oil and natural gas capital expenditures (17,964) (99,582) (317,094) (150,911)
CCUS storage sites and related capital expenditures 0 0 (59,880) 0
Acquisitions of oil and natural gas properties (82) 0 (976) (10,979)
Pipeline capital expenditures (618) (11,601) (23,478) (69,223)
Net proceeds from sales of oil and natural gas properties and equipment 938 41,322 237 19,053
Equity investment 0 0 (10,218) 0
Other 15,842 12,747 (16,521) 9,128
Net cash used in investing activities (1,884) (57,114) (427,930) (202,932)
Cash flows from financing activities        
Bank repayments (190,000) (551,000) (1,015,000) (933,000)
Bank borrowings 120,000 691,000 1,009,000 898,000
Common stock repurchase program 0 0 (100,028) 0
Pipeline financing and capital lease debt repayments (22,938) (51,792) 0 (68,008)
Interest payments treated as a reduction of debt 0 (46,417) 0 0
Cash paid in conjunction with debt repurchases 0 (14,171) 0 0
Other 1,630 (21,845) 10,749 (3,122)
Net cash provided by (used in) financing activities (91,308) 5,775 (95,279) (106,130)
Net increase (decrease) in cash, cash equivalents, and restricted cash (52,866) 62,069 (2,464) 8,096
Cash, cash equivalents, and restricted cash at beginning of period 95,114 33,045 50,344 42,248
Cash, cash equivalents, and restricted cash at end of period $ 42,248 $ 95,114 $ 47,880 $ 50,344