Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 97,900 $ 50,052
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (406) (147)
Depreciation, depletion and amortization 4,126 3,838
Share-based compensation 1,505 0
Changes in operating assets and liabilities:    
Operating assets, excluding income taxes (12,959) (13,657)
Operating liabilities, excluding income taxes (3,328) 172
Income taxes payable 20,897 12,129
Cash provided by operating activities 107,735 52,387
Cash flows from investing activities:    
Proceeds from sale of fixed assets 96 0
Acquisition of real estate (13) 0
Acquisition of royalty interests (1,637) 0
Purchase of fixed assets (3,624) (1,449)
Cash used in investing activities (5,178) (1,449)
Cash flows from financing activities:    
Repurchases of common stock (219) 0
Dividends paid (23,224) (21,329)
Cash used in financing activities (23,443) (21,329)
Net increase in cash, cash equivalents and restricted cash 79,114 29,609
Cash, cash equivalents and restricted cash, beginning of period 428,242 283,024
Cash, cash equivalents and restricted cash, end of period 507,356 312,633
Supplemental disclosure of cash flow information:    
Income taxes paid 6,000 0
Supplemental non-cash investing and financing information:    
Nonmonetary exchange of assets 4,174 0
(Decrease) increase in accounts payable related to capital expenditures (619) 1,289
Issuance of common stock $ 0 $ 78