Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Diamondback Energy Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income (loss)	2,276)	(4,672)	315)	945)	517)
Provision for (benefit from) deferred income taxes	606)	(1,042)	47)	169)	(21)
Impairment of oil and natural gas properties	—)	6,021)	790)	—)	—)
Depreciation, depletion, amortization and accretion	1,275)	1,311)	1,454)	625)	328)
Loss on extinguishment of debt	75)	5)	56)	—)	—)
(Gain) loss on derivative instruments, net	848)	81)	108)	(101)	84)
Cash received (paid) on settlement of derivative instruments	(1,247)	250)	80)	(121)	—)
Equity-based compensation expense	51)	37)	48)	27)	26)
Gain on sale of equity method investments	(23)	—)	—)	—)	—)
Restricted cash	—)	—)	(5)	—)	—)
Other	47)	30)	8)	15)	3)
Accounts receivable	(196)	217)	(187)	13)	(97)
Income tax receivable	152)	(62)	—)	—)	—)
Prepaid expenses and other	20)	2)	29)	25)	(11)
Accounts payable and accrued liabilities	(41)	(20)	(129)	(7)	37)
Revenues and royalties payable	148)	(41)	135)	12)	45)
Other	(47)	1)	(15)	(38)	(22)
Changes in operating assets and liabilities	36)	97)	(167)	5)	(48)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	1,668)	6,790)	2,419)	620)	372)
Net cash provided by operating activities	3,944)	2,118)	2,734)	1,565)	889)
Drilling, completions and infrastructure additions to oil and natural gas properties	(1,457)	(1,719)	(2,677)	(1,461)	(793)
Additions to midstream assets	(30)	(140)	(244)	(204)	(68)
Property acquisitions	(812)	(185)	(776)	(1,811)	(2,368)
Acquisition of midstream assets	—)	—)	—)	—)	(50)
Proceeds from sale of assets	820)	63)	300)	80)	66)
Contributions to equity method investments	(114)	(102)	(485)	(1)	—)
Distributions from equity method investments	9)	40)	—)	—)	—)
Other	45)	(58)	(6)	(107)	81)
Net cash used in investing activities	(1,539)	(2,101)	(3,888)	(3,503)	(3,132)
Proceeds from borrowings under credit facilities	1,313)	1,130)	2,350)	2,652)	754)
Repayments under credit facilities	(1,000)	(1,478)	(3,718)	(1,242)	(384)
Repayment on Energen’s credit facility	—)	—)	—)	(559)	—)
Proceeds from senior notes	2,200)	997)	3,469)	1,062)	—)
Repayment of senior notes	(3,193)	(239)	(1,250)	—)	—)
Proceeds from (repayments to) joint venture	(20)	40)	39)	—)	—)
Premium on extinguishment of debt	(178)	(2)	(44)	—)	—)
Public offering costs	—)	—)	(41)	(3)	(1)
Proceeds from public offerings	—)	—)	1,106)	306)	370)
Repurchased shares under buyback program	(431)	(98)	(593)	—)	—)
Repurchased units under buyback program	(94)	(39)	—)	—)	—)
Dividends to stockholders	(312)	(236)	(112)	(37)	—)
Distributions to non-controlling interest	(112)	(93)	(122)	(98)	(41)
Financing portion of net cash received for derivative instruments	22)	—)	—)	—)	—)
Other	(36)	(19)	(22)	(40)	(9)
Net cash provided by (used in) financing activities	(1,841)	(37)	1,062)	2,041)	690)
Net increase (decrease) in cash and cash equivalents	564)	(20)	(92)	102)	(1,554)
Cash, cash equivalents and restricted cash at beginning of period	108)	128)	215)	112)	1,667)
Cash, cash equivalents and restricted cash at end of period	672)	108)	123)	215)	112)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Diamondback Energy Inc. net cash provided by operating activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Diamondback Energy Inc. net cash used in investing activities increased from 2019 to 2020 and from 2020 to 2021.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Diamondback Energy Inc. net cash provided by (used in) financing activities decreased from 2019 to 2020 and from 2020 to 2021.

Diamondback Energy Inc. (NASDAQ:FANG)

Cash Flow Statement