Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 1,209,816,000 $ 365,151,000 $ (2,533,621,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 466,517,000 356,556,000 480,631,000
Impairment of evaluated oil and gas properties 0 0 2,547,241,000
Amortization of non-cash debt related items, net 5,280,000 10,124,000 3,901,000
Deferred income tax expense 4,279,000 0 118,607,000
Loss on derivative contracts 330,953,000 522,300,000 27,773,000
Cash received (paid) for commodity derivative settlements, net (493,714,000) (395,097,000) 98,870,000
(Gain) loss on extinguishment of debt 45,658,000 41,040,000 (170,370,000)
Non-cash expense related to share-based awards 2,507,000 12,923,000 2,663,000
Other, net 7,136,000 11,037,000 7,087,000
Changes in current assets and liabilities:      
Accounts receivable (3,480,000) (86,402,000) 75,770,000
Other current assets (15,392,000) (10,399,000) (6,550,000)
Accounts payable and accrued liabilities (58,043,000) 146,910,000 (92,227,000)
Net cash provided by operating activities 1,501,517,000 974,143,000 559,775,000
Cash flows from investing activities:      
Capital expenditures (992,985,000) (578,487,000) (664,231,000)
Acquisition of oil and gas properties (28,253,000) (493,732,000) (12,923,000)
Proceeds from sales of assets 27,093,000 188,101,000 178,970,000
Cash paid for settlement of contingent consideration arrangement (19,171,000) 0 (40,000,000)
Other, net 14,289,000 7,718,000 8,301,000
Net cash used in investing activities (999,027,000) (876,400,000) (529,883,000)
Cash flows from financing activities:      
Borrowings on credit facility 3,286,000,000 2,140,500,000 5,353,000,000
Payments on credit facility (3,568,000,000) (2,340,500,000) (5,653,000,000)
Issuance of senior notes 600,000,000 650,000,000 0
Redemption of senior notes (467,287,000) (542,755,000) 0
Redemption of 9.0% Second Lien Senior Secured Notes due 2025 (339,507,000) 0 0
Issuance of 9.0% Second Lien Senior Secured Notes due 2025 0 0 300,000,000
Discount on the issuance of 9.0% Second Lien Senior Secured Notes due 2025 0 0 (35,270,000)
Issuance of September 2020 Warrants 0 0 23,909,000
Payment of deferred financing costs (21,898,000) (12,672,000) (10,811,000)
Other, net 1,715,000 (2,670,000) (825,000)
Net cash used in financing activities (508,977,000) (108,097,000) (22,997,000)
Net change in cash and cash equivalents (6,487,000) (10,354,000) 6,895,000
Balance, beginning of period 9,882,000 20,236,000 13,341,000
Balance, end of period $ 3,395,000 $ 9,882,000 $ 20,236,000