Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows provided by (used in) operating activities:    
Net loss including noncontrolling interests $ (1,112,130) $ (1,355,724)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 567,113 655,460
Impairments 69,618 766,594
Commodity derivative fair value losses 2,260,062 116,933
Gains (losses) on settled commodity derivatives (481,083) 740,805
Proceeds from (payments for) derivative monetizations (4,569) 18,073
Gain on sale of assets (2,827)  
Equity-based compensation expense 15,189 17,001
Deferred income tax benefit (337,568) (426,267)
Equity in (earnings) loss of unconsolidated affiliate (57,621) 83,408
Dividends of earnings from unconsolidated affiliate 105,325 128,267
Amortization of deferred revenue (33,833) (5,175)
Amortization of debt issuance costs, debt discount, debt premium and other 10,122 7,391
(Gain) loss on early extinguishment of debt 82,836 (175,365)
Loss on convertible note equitization 50,777  
Changes in current assets and liabilities:    
Accounts receivable (11,336) (15,454)
Accrued revenue (227,207) (20,843)
Other current assets (5,695) (1,455)
Accounts payable including related parties 39,108 (2,198)
Accrued liabilities 124,382 15,522
Revenue distributions payable 117,819 (54,403)
Other current liabilities 16,470 (60)
Net cash provided by operating activities 1,184,952 492,510
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (48,960) (31,136)
Drilling and completion costs (447,899) (693,920)
Additions to other property and equipment (14,082) (1,346)
Settlement of water earnout   125,000
Proceeds from asset sales 3,192  
Proceeds from VPP sale, net   215,833
Change in other liabilities (77)  
Change in other assets 2,371 1,506
Net cash used in investing activities (505,455) (384,063)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock   (43,443)
Issuance of senior notes 1,800,000  
Issuance of convertible notes   287,500
Repayment of senior notes (1,424,354) (899,971)
Borrowings (repayments) on bank credit facilities, net (919,500) 275,000
Payment of debt issuance costs (22,814) (8,907)
Sale of noncontrolling interest 51,000 300,000
Distributions to noncontrolling interests in Martica Holdings LLC (64,783) (17,249)
Employee tax withholding for settlement of equity compensation awards (12,706) (373)
Convertible note equitizations (85,648)  
Other (692) (1,004)
Net cash used in financing activities (679,497) (108,447)
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 130,947 135,494
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ 33,547 $ (44,302)