RANGE RESOURCES CORP
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
RRC$51.20+4.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $92,138 | $481,447 |
| Adjustments to reconcile net income to net cash provided from operating activities: | ||
| Deferred income tax expense | 16,622 | 119,180 |
| Depletion, depreciation and amortization | 87,137 | 86,562 |
| Abandonment and impairment of unproved properties | 2,371 | 7,510 |
| Derivative fair value income | (46,598) | (367,967) |
| Cash settlements on derivative financial instruments | 122,373 | 34,468 |
| Divestiture contract obligation, including accretion | 10,267 | 12,215 |
| Amortization of deferred financing costs and other | 1,232 | 1,310 |
| Deferred and stock-based compensation | 18,215 | 20,681 |
| Gain on the sale of assets | (87) | (138) |
| Gain on early extinguishment of debt | (64) | — |
| Changes in working capital: | ||
| Accounts receivable | 107,454 | 225,213 |
| Other current assets | (8,944) | (5,335) |
| Accounts payable | 12,188 | (10,822) |
| Accrued liabilities and other | (82,374) | (129,368) |
| Net cash provided from operating activities | 331,930 | 474,956 |
| Investing activities: | ||
| Additions to natural gas properties | (132,881) | (125,468) |
| Additions to field service assets | (1,003) | (74) |
| Acreage purchases | (21,714) | (12,742) |
| Proceeds from disposal of assets | 31 | 660 |
| Purchases of marketable securities held by the deferred compensation plan | (13,556) | (1,869) |
| Proceeds from the sales of marketable securities held by the deferred compensation plan | 15,234 | 1,200 |
| Net cash used in investing activities | (153,889) | (138,293) |
| Financing activities: | ||
| Borrowings on credit facility | — | 185,000 |
| Repayments on credit facility | — | (204,000) |
| Repayment of senior notes | (14,975) | — |
| Dividends paid | (19,407) | (19,334) |
| Treasury stock purchases | — | (7,834) |
| Taxes paid for shares withheld | (24,214) | (39,057) |
| Change in cash overdrafts | 10,003 | (29,064) |
| Proceeds from the sales of common stock held by the deferred compensation plan | 1,689 | 5,052 |
| Net cash used in financing activities | (46,904) | (109,237) |
| Increase in cash and cash equivalents | 131,137 | 227,426 |
| Cash and cash equivalents at beginning of period | 211,974 | 207 |
| Cash and cash equivalents at end of period | $343,111 | $227,633 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.