Cash Flow Image
v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows provided by (used in) operating activities:    
Net loss including noncontrolling interests $ (174,696) $ (11,104)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 170,832 194,814
Impairments 22,462 34,062
Commodity derivative fair value losses (1,011,380) (177,756)
Gains (losses) on settled commodity derivatives (285,386) 5,322
Deferred income tax benefit (57,383) (2,946)
Equity-based compensation expense 4,649 5,642
Equity in earnings of unconsolidated affiliate (25,178) (18,694)
Dividends of earnings from unconsolidated affiliate 31,285 42,756
Amortization of deferred revenue (9,272) (11,150)
Amortization of debt issuance costs, debt discount, debt premium and other 1,451 4,536
Settlement of asset retirement obligations (886)  
Loss on sale of assets 1,786  
Loss on early extinguishment of debt 10,654 43,204
Loss on convertible note equitizations   39,046
Changes in current assets and liabilities:    
Accounts receivable 33,244 (7,200)
Accrued revenue (69,442) (21,199)
Other current assets (2,952) 3,593
Accounts payable including related parties 37,664 16,527
Accrued liabilities (94,456) (17,779)
Revenue distributions payable (36,526) 84,296
Other current liabilities (3,557) 2,249
Net cash provided by operating activities 565,673 563,731
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (23,789) (14,691)
Drilling and completion costs (184,557) (105,131)
Additions to other property and equipment (7,530) (3,336)
Proceeds from asset sales 195  
Change in other assets 564 262
Change in other liabilities   (79)
Net cash used in investing activities (215,117) (122,975)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (100,045)  
Issuance of senior notes   1,200,000
Repayment of senior notes (591,943) (660,516)
Borrowings (repayments) on bank credit facilities, net 387,700 (873,800)
Payment of debt issuance costs   (15,370)
Distributions to noncontrolling interests in Martica Holdings LLC (35,757) (24,699)
Employee tax withholding for settlement of equity compensation awards (10,377) (5,645)
Convertible note equitizations   (60,461)
Other (134) (265)
Net cash used in financing activities (350,556) (440,756)
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 80,454 35,097
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ (14,449) $ 35,882

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