Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 5 Months Ended 7 Months Ended 12 Months Ended
May 17, 2021
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:          
Net income (loss) $ 250,994 $ (112,829) $ 494,701   $ (1,625,133)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depletion, depreciation and amortization 62,764 160,913 267,761   239,744
Impairment of oil and natural gas properties 0 117,813 0   1,357,099
Impairment of other property and equipment 14,568 0 0   0
Loss from equity investments 342 0 0   11,055
Loss (Gain) on debt extinguishment 0 3,040 0   (49,579)
Net loss (gain) on derivative instruments 137,239 556,819 999,747   (65,291)
Net cash (payments) receipts on settled derivative instruments (3,361) (322,857) (1,053,810)   159,394
Non-cash reorganization items, net (446,012) 0 0   21,956
Deferred income tax expense 0 0 0   7,290
Other, net 1,727 3,130 11,251   31,984
Total changes in operating assets and liabilities 153,894 (113,044) 19,427   6,785
Net cash provided by operating activities 172,155 292,985 739,077   95,304
Cash flows from investing activities:          
Additions to oil and natural gas properties (102,330) (207,113) (460,780)   (367,287)
Proceeds from sale of oil and natural gas properties 15 4,339 3,360   50,971
Other, net 4,484 2,669 (875)   1,729
Net cash used in investing activities (97,831) (200,105) (458,295)   (314,587)
Cash flows from financing activities:          
Debt issuance costs and loan commitment fees (7,100) (8,783) (234)   (2,988)
Dividends on Preferred Stock 0 (1,503) (5,444)   0
Proceeds from issuance of Preferred Stock 50,000 0 0   0
Repurchase of Common Stock under Repurchase Program 0 0 (250,482)   0
Repurchase of senior notes 0 0 0   (22,827)
Other, net (8) 0 (1,623)   (1,512)
Net cash (used in) provided by in financing activities (104,768) (149,037) (276,783)   303,084
Net increase (decrease) in cash, cash equivalents and restricted cash (30,444) (56,157) 3,999   83,801
Cash, cash equivalents and restricted cash at beginning of period 89,861 59,417 3,260 $ 89,861 6,060
Cash, cash equivalents and restricted cash at end of period 59,417 3,260 7,259 $ 3,260 89,861
Revolving credit facility          
Cash flows from financing activities:          
Repayments of lines of credit (318,961) 0 0   (383,290)
Proceeds from lines of credit 26,050 0 0   713,701
Exit Facility          
Cash flows from financing activities:          
Repayments of lines of credit 0 (709,028) 0   0
Proceeds from lines of credit 302,751 406,277 0   0
DIP Credit Facility          
Cash flows from financing activities:          
Repayments of lines of credit (157,500) 0 0   (90,000)
Proceeds from lines of credit 0 0 0   90,000
New Credit Facility          
Cash flows from financing activities:          
Repayments of lines of credit 0 (477,000) (2,082,000)   0
Proceeds from lines of credit $ 0 $ 641,000 $ 2,063,000   $ 0