Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 1,225,185 $ (253,867)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation and amortization 238,747 189,305
Net (gain) loss on derivative instruments (514,266) 1,436,317
Net cash receipts (payments) on settled derivative instruments 101,947 (799,416)
Deferred income tax benefit (554,741) 0
Other, net 13,270 8,303
Changes in operating assets and liabilities, net 57,538 (29,560)
Net cash provided by operating activities 567,680 551,082
Cash flows from investing activities:    
Additions to oil and natural gas properties (421,132) (331,994)
Proceeds from sale of oil and natural gas properties 2,647 3,210
Other, net (1,496) (536)
Net cash used in investing activities (419,981) (329,320)
Cash flows from financing activities:    
Debt issuance costs and loan commitment fees (6,965) (211)
Dividends on preferred stock (3,718) (4,136)
Repurchase of common stock under Repurchase Program (82,757) (225,791)
Other, net (3,193) (1,597)
Net cash used in financing activities (146,633) (216,735)
Net increase in cash and cash equivalents 1,066 5,027
Cash and cash equivalents at beginning of period 7,259 3,260
Cash and cash equivalents at end of period 8,325 8,287
New Credit Facility    
Cash flows from financing activities:    
Principal payments on Credit Facility (748,000) (1,512,000)
Borrowings on Credit Facility $ 698,000 $ 1,527,000