Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 86,568 $ 97,900
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (306) (406)
Depreciation, depletion and amortization 3,404 4,126
Share-based compensation 2,473 1,505
Changes in operating assets and liabilities:    
Receivables and other assets (2,076) (12,959)
Operating liabilities, excluding income taxes 640 (3,328)
Income taxes payable 19,263 20,897
Prepaid income taxes 4,809 0
Cash provided by operating activities 114,775 107,735
Cash flows from investing activities:    
Proceeds from sale of fixed assets 5 96
Acquisition of real estate 0 (13)
Acquisition of royalty interests 0 (1,637)
Purchase of fixed assets (1,749) (3,624)
Cash used in investing activities (1,744) (5,178)
Cash flows from financing activities:    
Repurchases of common stock (6,837) (219)
Shares exchanged for tax withholdings (939) 0
Dividends paid (25,061) (23,224)
Cash used in financing activities (32,837) (23,443)
Net increase in cash, cash equivalents and restricted cash 80,194 79,114
Cash, cash equivalents and restricted cash, beginning of period 517,182 428,242
Cash, cash equivalents and restricted cash, end of period 597,376 507,356
Supplemental disclosure of cash flow information:    
Income taxes paid 0 6,000
Supplemental non-cash investing and financing information:    
Nonmonetary exchange of assets 0 4,174
Increase (decrease) in accounts payable related to capital expenditures 2,024 (619)
Share repurchases not yet settled $ 266 $ 0