v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 39,737 $ (80,407)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 102,979 70,987  
Amortization of non-cash debt related items, net 1,716 2,256  
Loss on derivative contracts 358,300 214,523  
Cash paid for commodity derivative settlements, net (101,525) (42,162)  
Non-cash expense related to share-based awards 4,166 7,608  
Other, net 2,894 1,217  
Changes in current assets and liabilities:      
Accounts receivable (116,322) (45,683)  
Other current assets (4,180) (2,856)  
Accounts payable and accrued liabilities (12,987) 12,182  
Cash received for settlements of contingent consideration arrangements, net 6,492 0  
Net cash provided by operating activities 281,270 137,665  
Cash flows from investing activities:      
Capital expenditures (201,478) (101,341)  
Acquisition of oil and gas properties (9,409) (768)  
Proceeds from sales of assets 4,484 0  
Cash paid for settlement of contingent consideration arrangement (19,171) 0  
Other, net 3,635 3,595  
Net cash used in investing activities (221,939) (98,514)  
Cash flows from financing activities:      
Borrowings on Credit Facility 673,000 303,000  
Payments on Credit Facility (746,000) (338,000)  
Cash received for settlement of contingent consideration arrangement 8,512 0  
Other, net (575) (37)  
Net cash used in financing activities (65,063) (35,037)  
Net change in cash and cash equivalents (5,732) 4,114  
Balance, beginning of period 9,882 20,236 $ 20,236
Balance, end of period $ 4,150 $ 24,350 $ 9,882

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