Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ??? UNAUDITED

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 354,964 $ 30,638
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on extinguishment of debt (2,157) 1,231
Depreciation, depletion and amortization 171,387 83,654
Impairments of oil and gas properties 0 1,811
Derivative contracts:    
Net losses 149,073 119,679
Cash settlements and premiums paid, net 159,224 46,041
Deferred income tax expense 2,164 130
Non-cash interest expense 2,441 1,742
Share-based compensation 4,327 4,179
Other, net (180) 13
Changes in operating assets and liabilities, net (33,613) 7,671
Net cash provided by operating activities 489,182 204,707
Cash flows from investing activities    
Capital expenditures (307,766) (146,638)
Acquisitions of oil and gas properties (129,784) 0
Proceeds from sales of assets, net 10,900 157
Net cash used in investing activities (426,650) (146,481)
Cash flows from financing activities    
Proceeds from credit facility borrowings 483,000 20,000
Repayments of credit facility borrowings (476,000) (121,500)
Repayments of second lien term loan 0 (56,890)
Proceeds from 9.25% Senior Notes due 2026, net of discount 0 396,072
Repayments of acquired debt (8,513) 0
Payments for share repurchases (59,414) 0
Distributions to Noncontrolling interest (1,691) 0
Dividends paid (1,492) 0
Proceeds from redeemable common units 0 151,160
Proceeds from redeemable preferred stock 0 2
Transaction costs paid on behalf of Noncontrolling interest 0 (5,543)
Issuance costs paid for Noncontrolling interest securities 0 (3,758)
Withholding taxes for share-based compensation (954) (623)
Debt issuance costs paid (805) (3,397)
Net cash (used in) provided by financing activities (65,869) 375,523
Net increase (decrease) in cash, cash equivalents and restricted cash (3,337) 433,749
Cash, cash equivalents and restricted cash – beginning of period 23,681 13,020
Cash, cash equivalents and restricted cash – end of period 20,344 446,769
Cash paid for:    
Interest, net of amounts capitalized 42,678 14,298
Income taxes refunds, net 0 360
Non-cash investing and financing activities:    
Changes in property and equipment related to capital contributions 0 (38,561)
Changes in accrued liabilities related to capital expenditures $ 55,008 $ 30,303