v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net income $ 549,603 $ 39,737 $ 171,902 $ (80,407) $ 937,349 $ 79,800  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation, depletion and amortization         335,221 244,005  
Amortization of non-cash debt related items, net         4,263 7,166  
Deferred income tax expense         1,626 0  
(Gain) loss on derivative contracts         305,098 512,155  
Cash paid for commodity derivative settlements, net (145,596)   (110,807)   (433,518) (238,378)  
(Gain) loss on extinguishment of debt         42,417 (2,420)  
Non-cash expense related to share-based awards         1,055 11,984  
Other, net         8,704 11,006  
Changes in current assets and liabilities:              
Accounts receivable         (58,915) (83,227)  
Other current assets         (12,229) (8,701)  
Accounts payable and accrued liabilities         (8,693) 74,443  
Cash received for settlements of contingent consideration arrangements, net         6,492 0  
Net cash provided by operating activities         1,128,870 607,833  
Cash flows from investing activities:              
Capital expenditures         (754,225) (427,552)  
Acquisition of oil and gas properties         (18,114) (67,236)  
Proceeds from sales of assets         9,313 35,415  
Cash paid for settlement of contingent consideration arrangement         (19,171) 0  
Other, net         13,497 4,206  
Net cash used in investing activities         (768,700) (455,167)  
Cash flows from financing activities:              
Borrowings on Prior Credit Facility         2,535,000 1,236,500  
Payments on Prior Credit Facility         (2,684,000) (1,498,500)  
Issuance of 7.50% Senior Notes due 2030         600,000 0  
Redemption of 9.00% Second Lien Senior Secured Notes due 2025         (339,507) 0  
Issuance of 8.00% Senior Notes due 2028         0 650,000  
Cash received for settlement of contingent consideration arrangement         8,512 0  
Payment of deferred financing costs         (11,623) (12,168)  
Other, net         (6,797) (2,280)  
Net cash used in financing activities         (365,702) (169,203)  
Net change in cash and cash equivalents         (5,532) (16,537)  
Balance, beginning of period   $ 9,882   $ 20,236 9,882 20,236 $ 20,236
Balance, end of period $ 4,350   $ 3,699   4,350 3,699 $ 9,882
6.125% Senior Notes              
Cash flows from financing activities:              
Redemption of 6.125% Senior Notes due 2024         (467,287) 0  
6.25% Senior Notes              
Cash flows from financing activities:              
Redemption of 6.125% Senior Notes due 2024         $ 0 $ (542,755)  

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