# Diamondback Energy, Inc. (FANG) FY2024 Q3 Statement of Cash Flows - Company: Diamondback Energy, Inc. (FANG) - Period: 2024-07-01 to 2024-09-30 - Filing: Q3 FY2024 10-Q, filed 2024-11-07, accession number 0001539838-24-000198 - Page: https://plicit.ai/financials/fang/fy2024-q3-cash-flow - Chart image: https://plicit.ai/charts/fang-fy2024-q3-cash-flow-sankey.png ## Chart details Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it. - **Beginning cash on Jun 30, 2024**: 6,911,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash - **Operating activities**: 1,209,000,000 US dollars. Net cash provided. - **Revenues and royalties payable**: 95,000,000 US dollars - **Depreciation, depletion, amortization and accretion**: 742,000,000 US dollars - **Other**: 54,000,000 US dollars - **Accounts payable and accrued liabilities**: negative 395,000,000 US dollars - **Other**: 20,000,000 US dollars - **Cash received (paid) on settlement of derivative instruments**: negative 4,000,000 US dollars - **(Gain) loss on derivative instruments, net**: negative 131,000,000 US dollars - **Provision for (benefit from) deferred income taxes**: 51,000,000 US dollars - **Accounts receivable**: 106,000,000 US dollars - **(Income) loss from equity investment, net**: negative 6,000,000 US dollars - **Prepaid expenses and other current assets**: negative 11,000,000 US dollars - **Net income (loss)**: 708,000,000 US dollars - **Equity-based compensation expense**: 16,000,000 US dollars - **Income tax receivable**: 0 US dollars - **(Gain) loss on extinguishment of debt**: 0 US dollars - **Income taxes payable**: negative 36,000,000 US dollars - **Investing activities**: negative 8,166,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Additions to midstream assets), so those amounts cannot be separated for this quarter. It may combine inflows and outflows. - **Other**: 106,000,000 US dollars - **Drilling, completions, infrastructure and midstream additions to oil and natural gas properties**: negative 693,000,000 US dollars - **Proceeds from sale of assets**: 207,000,000 US dollars - **Property acquisitions**: negative 7,791,000,000 US dollars - **Remaining investing cash flows, net (calculated)**: 5,000,000 US dollars - **Financing activities**: 419,000,000 US dollars. Net cash provided. - **Dividends/distributions to non-controlling interest**: negative 59,000,000 US dollars - **Proceeds from borrowings under credit facilities**: 1,011,000,000 US dollars - **Other**: negative 5,000,000 US dollars - **Proceeds under term loan agreement**: 1,000,000,000 US dollars - **Net proceeds from Viper's issuance of common stock**: 476,000,000 US dollars - **Repurchased shares/units under Viper's buyback program**: 0 US dollars - **Repurchased shares under buyback program**: negative 515,000,000 US dollars - **Repayment of senior notes**: 0 US dollars - **Repayments under credit facilities**: negative 1,073,000,000 US dollars - **Dividends paid to stockholders**: negative 416,000,000 US dollars - **Proceeds from partial sale of investment in Viper Energy, Inc.**: 0 US dollars - **Proceeds from senior notes**: 0 US dollars - **Operating adjustment reconciliation**: 1,084,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use. - **financing gross reconciliation**: 2,487,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use. - **investing displayed reconciliation**: 8,484,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow. - **Exchange-rate effect**: 0 US dollars - **Ending cash on Sep 30, 2024**: 373,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash - **Cash sources and uses**: 8,539,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash. - **Net cash change**: negative 6,538,000,000 US dollars. Ending cash minus beginning cash. - **Cash flow / Net income**: 1.71×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio. ### Chart connections - Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash. - Financing contributions meet at a reconciliation junction before connecting to the net cash total. - Investing contributions meet at a reconciliation junction before connecting to the net cash total. - Operating reconciliation adjustments are not all independent cash receipts. - Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $501.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts. - Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment. - The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.