v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net income (loss) $ 348,009 $ 39,737 $ (11,695) $ (80,407) $ 387,746 $ (92,102)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation, depletion and amortization         212,388 154,115  
Amortization of non-cash debt related items, net         3,201 4,508  
Loss on derivative contracts         439,948 404,986  
Cash paid for commodity derivative settlements, net (186,397)   (85,409)   (287,922) (127,571)  
Loss on extinguishment of debt         42,417 0  
Non-cash expense related to share-based awards         956 12,887  
Other, net         5,200 4,511  
Changes in current assets and liabilities:              
Accounts receivable         (130,394) (67,357)  
Other current assets         (7,497) (7,423)  
Accounts payable and accrued liabilities         (18,940) 26,714  
Cash received for settlements of contingent consideration arrangements, net         6,492 0  
Net cash provided by operating activities         653,595 313,268  
Cash flows from investing activities:              
Capital expenditures         (413,939) (251,003)  
Acquisition of oil and gas properties         (15,945) (2,215)  
Proceeds from sales of assets         4,590 31,611  
Cash paid for settlement of contingent consideration arrangement         (19,171) 0  
Other, net         8,709 4,220  
Net cash used in investing activities         (435,756) (217,387)  
Cash flows from financing activities:              
Borrowings on Credit Facility         1,724,000 736,500  
Payments on Credit Facility         (1,730,000) (846,500)  
Issuance of 7.50% Senior Notes due 2030         600,000 0  
Redemption of 6.125% Senior Notes due 2024         (467,287) 0  
Redemption of 9.00% Second Lien Senior Secured Notes due 2025         (339,507) 0  
Cash received for settlement of contingent consideration arrangement         8,512 0  
Payment of deferred financing costs         (10,542) 0  
Other, net         (6,797) (2,317)  
Net cash used in financing activities         (221,621) (112,317)  
Net change in cash and cash equivalents         (3,782) (16,436)  
Balance, beginning of period   $ 9,882   $ 20,236 9,882 20,236 $ 20,236
Balance, end of period $ 6,100   $ 3,800   $ 6,100 $ 3,800 $ 9,882

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