Cash Flow Image
v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ 1,231,844 $ (1,112,130)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 515,268 567,113
Impairments 79,749 69,618
Commodity derivative fair value losses (1,807,565) (2,260,062)
Losses on settled commodity derivatives (1,484,660) (481,083)
Payments for derivative monetizations   (4,569)
Deferred income tax expense (benefit) 307,326 (337,568)
Equity-based compensation expense 23,222 15,189
Equity in earnings of unconsolidated affiliate (54,863) (57,621)
Dividends of earnings from unconsolidated affiliate 93,854 105,325
Amortization of deferred revenue (28,125) (33,833)
Amortization of debt issuance costs, debt discount and debt premium 3,458 10,122
Settlement of asset retirement obligations (946)  
(Gain) loss on sale of assets 2,071 (2,827)
Loss on early extinguishment of debt 45,375 82,836
Loss on convertible note equitizations 169 50,777
Changes in current assets and liabilities:    
Accounts receivable 55,229 (11,336)
Accrued revenue (332,900) (227,207)
Other current assets (13,664) (5,695)
Accounts payable including related parties 59,222 39,108
Accrued liabilities 36,632 124,382
Revenue distributions payable 237,453 117,819
Other current liabilities (7,222) 16,470
Net cash provided by operating activities 2,576,057 1,184,952
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (120,139) (48,960)
Drilling and completion costs (589,093) (447,899)
Additions to other property and equipment (12,188) (14,082)
Proceeds from asset sales 1,147 3,192
Change in other assets 1,910 2,371
Change in other liabilities   (77)
Net cash used in investing activities (718,363) (505,455)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (675,412)  
Issuance of senior notes   1,800,000
Repayment of senior notes (1,011,313) (1,424,354)
Borrowings (repayments) on bank credit facilities, net 9,000 (919,500)
Payment of debt issuance costs (814) (22,814)
Sale of noncontrolling interest   51,000
Distributions to noncontrolling interests in Martica Holdings LLC (113,515) (64,783)
Employee tax withholding for settlement of equity compensation awards (65,029) (12,706)
Convertible note inducement and equitizations (169) (85,648)
Other (442) (692)
Net cash used in financing activities (1,857,694) (679,497)
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 148,668 130,947
Increase in accounts payable and accrued liabilities for additions to property and equipment $ 23,633 $ 33,547

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