v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 225,911 $ 1,231,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 518,218 515,268
Impairments 44,746 79,749
Commodity derivative fair value (losses) gains (137,924) 1,807,565
Losses on settled commodity derivatives (16,511) (1,484,660)
Payments for derivative monetizations (202,339)  
Deferred income tax expense 45,914 307,326
Equity-based compensation expense 44,988 23,222
Equity in earnings of unconsolidated affiliate (58,986) (54,863)
Dividends of earnings from unconsolidated affiliate 93,854 93,854
Amortization of deferred revenue (22,852) (28,125)
Amortization of debt issuance costs, debt discount and debt premium 2,601 3,458
Settlement of asset retirement obligations (633) (946)
Contract termination and loss contingency 11,901  
Loss (gain) on sale of assets (447) 2,071
Loss on early extinguishment of debt   45,375
Loss on convertible note inducement 86 169
Changes in current assets and liabilities:    
Accounts receivable (1,440) 55,229
Accrued revenue 334,294 (332,900)
Other current assets 32,584 (13,664)
Accounts payable including related parties 12,236 59,222
Accrued liabilities (118,316) 36,632
Revenue distributions payable (129,966) 237,453
Other current liabilities 4,627 (7,222)
Net cash provided by operating activities 682,546 2,576,057
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (139,121) (120,139)
Drilling and completion costs (759,852) (589,093)
Additions to other property and equipment (13,073) (12,188)
Proceeds from asset sales 447 1,147
Change in other assets (2,538) 1,910
Net cash used in investing activities (914,137) (718,363)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (75,356) (675,412)
Repayment of senior notes   (1,011,313)
Borrowings on bank credit facilities, net 439,300 9,000
Payment of debt issuance costs   (814)
Convertible note inducement (86) (169)
Distributions to noncontrolling interests in Martica Holdings LLC (104,245) (113,515)
Employee tax withholding for settlement of equity compensation awards (27,443) (65,029)
Other (579) (442)
Net cash provided by (used in) financing activities 231,591 (1,857,694)
Net increase in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 100,067 148,668
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ (22,300) $ 23,633

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