Cash Flow Image
v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2021
Jun. 30, 2020
Cash flows provided by (used in) operating activities:      
Net loss including noncontrolling interests $ (534,451) $ (545,555) $ (801,878)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depletion, depreciation, amortization, and accretion   383,475 415,927
Impairments   43,365 737,202
Commodity derivative fair value losses (gains) 831,840 1,009,596 (397,818)
Gains (losses) on settled commodity derivatives   (64,951) 524,838
Payments for derivative monetizations   (4,569)  
Gain on sale of assets (2,288) (2,288)  
Equity-based compensation expense 4,249 9,891 11,302
Deferred income tax benefit   (178,912) (252,389)
Equity in (earnings) loss of unconsolidated affiliate (17,477) (36,171) 107,827
Dividends of earnings from unconsolidated affiliate   74,040 85,511
Amortization of deferred revenue (11,279) (22,429)  
Amortization of debt issuance costs, debt discount, debt premium and other   7,877 4,433
(Gain) loss on early extinguishment of debt 23,065 66,269 (119,732)
Loss on convertible note equitization 11,731 50,777  
Changes in current assets and liabilities:      
Accounts receivable   (7,687) (27,329)
Accrued revenue   (68,425) 63,023
Other current assets   631 789
Accounts payable including related parties   6,681 (21,182)
Accrued liabilities   64,499 15,722
Revenue distributions payable   69,809 (29,560)
Other current liabilities   16,349 (46)
Net cash provided by operating activities   872,272 316,640
Cash flows provided by (used in) investing activities:      
Additions to unproved properties   (29,473) (21,672)
Drilling and completion costs   (273,956) (552,227)
Additions to other property and equipment   (2,320) (1,234)
Settlement of water earnout     125,000
Proceeds from asset sales   2,351  
Change in other liabilities   (77)  
Change in other assets   597 525
Net cash used in investing activities   (302,878) (449,608)
Cash flows provided by (used in) financing activities:      
Repurchases of common stock     (43,443)
Issuance of senior notes   1,800,000  
Repayment of senior notes   (1,234,698) (496,541)
Borrowings (repayments) on bank credit facilities, net   (1,017,000) 374,000
Payment of debt issuance costs   (22,440)  
Sale of noncontrolling interest   51,000 300,000
Distributions to noncontrolling interests in Martica Holdings LLC   (46,028)  
Employee tax withholding for settlement of equity compensation awards   (9,530) (331)
Convertible note equitizations   (85,648)  
Other   (509) (717)
Net cash provided by (used in) financing activities   (564,853) 132,968
Net increase in cash and cash equivalents   4,541 0
Cash and cash equivalents, beginning of period   0 0
Cash and cash equivalents, end of period $ 4,541 4,541 0
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest   58,126 101,885
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment   $ 42,589 $ (61,305)

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