Cash Flow Image
v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ 637,337 $ (545,555)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 345,031 383,475
Impairments 45,825 43,365
Commodity derivative fair value losses (1,277,042) (1,009,596)
Losses on settled commodity derivatives (844,713) (64,951)
Payments for derivative monetizations   (4,569)
Deferred income tax expense (benefit) 171,707 (178,912)
Equity-based compensation expense 12,820 9,891
Equity in earnings of unconsolidated affiliate (39,891) (36,171)
Dividends of earnings from unconsolidated affiliate 62,569 74,040
Amortization of deferred revenue (18,647) (22,429)
Amortization of debt issuance costs, debt discount, and debt premium 2,515 7,877
Settlement of asset retirement obligations (886)  
(Gain) loss on sale of assets 1,857 (2,288)
Loss on early extinguishment of debt 15,068 66,269
Loss on convertible note equitizations   50,777
Changes in current assets and liabilities:    
Accounts receivable 53,623 (7,687)
Accrued revenue (360,612) (68,425)
Other current assets (22,566) 631
Accounts payable including related parties 50,378 6,681
Accrued liabilities 37,203 64,499
Revenue distributions payable 40,166 69,809
Other current liabilities 22,559 16,349
Net cash provided by operating activities 1,488,385 872,272
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (72,072) (29,473)
Drilling and completion costs (393,506) (273,956)
Additions to other property and equipment (11,162) (2,320)
Proceeds from asset sales 195 2,351
Change in other assets 1,711 597
Change in other liabilities   (77)
Net cash used in investing activities (474,834) (302,878)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (293,051)  
Issuance of senior notes   1,800,000
Repayment of senior notes (658,906) (1,234,698)
Borrowings (repayments) on bank credit facilities, net 70,800 (1,017,000)
Payment of debt issuance costs   (22,440)
Distributions to noncontrolling interests in Martica Holdings LLC (67,298) (46,028)
Employee tax withholding for settlement of equity compensation awards (64,819) (9,530)
Convertible note equitizations   (85,648)
Other (277) (509)
Net cash used in financing activities (1,013,551) (564,853)
Net increase in cash and cash equivalents 0 4,541
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 4,541
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 89,326 58,126
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ (3,504) $ 42,589

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