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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 131,199 $ 198,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 166,188 154,189
Stock-based compensation expense 5,018 4,318
Net derivative (gain) loss 28,145 (51,329)
Net derivative settlement gain 13,274 5,076
Amortization of deferred financing costs 1,371 1,371
Deferred income taxes 27,391 49,968
Other, net 1,102 (4,295)
Net change in working capital (97,688) (26,216)
Net cash provided by operating activities 276,000 331,634
Cash flows from investing activities:    
Capital expenditures (332,365) (240,712)
Other, net 77 307
Net cash used in investing activities (332,288) (240,405)
Cash flows from financing activities:    
Repurchase of common stock (32,768) (40,068)
Dividends paid (20,834) (18,290)
Net share settlement from issuance of stock awards (22) 0
Net cash used in financing activities (53,624) (58,358)
Net change in cash, cash equivalents, and restricted cash (109,912) 32,871
Cash, cash equivalents, and restricted cash at beginning of period 616,164 444,998
Cash, cash equivalents, and restricted cash at end of period 506,252 477,869
Supplemental Cash Flow Information - Operating activities:    
Cash paid for interest, net of capitalized interest (32,986) (33,882)
Net cash refunded (paid) for income taxes 3,292 (50)
Supplemental Cash Flow Information - Investing activities:    
Changes in capital expenditure accruals (26,569) $ 66,873
Cash and cash equivalents $ 506,252  

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