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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:        
Net income $ 240,523 $ 222,343 $ 582,015 $ 570,769
Adjustments to reconcile net income to net cash provided by operating activities:        
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 202,942 189,353 548,781 501,374
Stock-based compensation expense     17,393 14,519
Net derivative (gain) loss (86,283) 75,355 (70,256) 12,352
Net derivative settlement gain     46,288 20,398
Amortization of deferred financing costs     4,925 4,114
Deferred income taxes 45,615 (51,075) 116,522 43,171
Other, net     (25,590) (11,489)
Net change in working capital     (15,433) (57,329)
Net cash provided by operating activities     1,204,645 1,097,879
Cash flows from investing activities:        
Capital expenditures     (957,156) (766,756)
Acquisition of proved and unproved oil and gas properties     (836) (109,318)
Other, net     80 657
Net cash used in investing activities     (957,912) (875,417)
Cash flows from financing activities:        
Debt issuance costs related to credit facility     (2,378) 0
Net proceeds from Senior Notes     1,477,032 0
Cash paid to repurchase Senior Notes     349,118 0
Repurchase of common stock     (83,991) (205,246)
Dividends paid     (62,136) (54,167)
Net proceeds from sale of common stock     1,844 1,815
Net share settlement from issuance of stock awards     (6,837) (7,882)
Net cash provided by (used in) financing activities     974,416 (265,480)
Net change in cash, cash equivalents, and restricted cash     1,221,149 (43,018)
Cash, cash equivalents, and restricted cash at beginning of period     616,164 444,998
Cash, cash equivalents, and restricted cash at end of period 1,837,313 401,980 1,837,313 401,980
Supplemental Cash Flow Information - Operating activities:        
Cash paid for interest, net of capitalized interest     (83,130) [1] (77,514)
Net cash paid for income taxes     (7,623) (6,176)
Debt Related Commitment Fees and Debt Issuance Costs     9,000  
Supplemental Cash Flow Information - Investing activities:        
Changes in capital expenditure accruals     (33,187) 35,683
Supplemental Cash Flow Information - Non-cash Financing Activities        
Non-cash financing activities (2) [2]      
Cash and cash equivalents 1,735,313 401,980 1,735,313 401,980
Restricted cash (2) 102,000 [3] 0 102,000 [3] 0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations $ 1,837,313 $ 401,980 $ 1,837,313 $ 401,980
[1] Cash paid for interest, net of capitalized interest during the nine months ended September 30, 2024, does not include $9.0 million in fees paid to secure firm commitments for senior unsecured bridge term loans in connection with the Uinta Basin Acquisition discussed and defined in Note 11 - Acquisitions.
[2] Please refer to Note 5 - Long-Term Debt for discussion of the debt transactions executed during the nine months ended September 30, 2024.
[3] Represents a deposit held in a third-party escrow account related to the Uinta Basin Acquisition, as defined in Note 11 - Acquisitions, and is included in the acquisition deposit held in escrow line item on the accompanying unaudited condensed consolidated balance sheets (“accompanying balance sheets”). Please refer to Note 11 - Acquisitions for additional discussion.

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