v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ 261,202 $ (174,696)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 168,460 170,832
Impairments 15,560 22,462
Commodity derivative fair value gains (losses) (126,192) 1,011,380
Losses on settled commodity derivatives (14,268) (285,386)
Payments for derivative monetizations (202,339)  
Deferred income tax expense (benefit) 62,149 (57,383)
Equity-based compensation expense 13,018 4,649
Equity in earnings of unconsolidated affiliate (17,681) (25,178)
Dividends of earnings from unconsolidated affiliate 31,285 31,285
Amortization of deferred revenue (7,533) (9,272)
Amortization of debt issuance costs, debt discount, debt premium and other 871 1,451
Settlement of asset retirement obligations (308) (886)
Loss (gain) on sale of assets (91) 1,786
Loss on early extinguishment of debt   10,654
Loss on convertible note inducement 86  
Changes in current assets and liabilities:    
Accounts receivable 5,282 33,244
Accrued revenue 328,349 (69,442)
Other current assets 20,596 (2,952)
Accounts payable including related parties 34,604 37,664
Accrued liabilities (143,346) (94,456)
Revenue distributions payable (86,331) (36,526)
Other current liabilities 529 (3,557)
Net cash provided by operating activities 343,902 565,673
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (73,527) (23,789)
Drilling and completion costs (273,154) (184,557)
Additions to other property and equipment (4,631) (7,530)
Proceeds from asset sales 91 195
Change in other assets 417 564
Net cash used in investing activities (350,804) (215,117)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (75,356) (100,045)
Repayment of senior notes   (591,943)
Borrowings on bank credit facilities, net 145,300 387,700
Convertible note inducement (86)  
Distributions to noncontrolling interests in Martica Holdings LLC (51,339) (35,757)
Employee tax withholding for settlement of equity compensation awards (11,459) (10,377)
Other (158) (134)
Net cash provided by (used in) financing activities 6,902 (350,556)
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 43,239 80,454
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (9,918) $ (14,449)

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