Diamondback Energy, Inc. (FANG) FY2024 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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Diamondback Energy, Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $2,411,000,000.00Depreciation, depletion, amortization and accretion → Operating adjustments reconciliation: $1,694,000,000.00Provision for (benefit from) deferred income taxes → Operating adjustments reconciliation: $180,000,000.00Revenues and royalties payable → Operating adjustments reconciliation: $109,000,000.00Other → Operating adjustments reconciliation: $104,000,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $78,000,000.00Other → Operating adjustments reconciliation: $77,000,000.00Accounts receivable → Operating adjustments reconciliation: $61,000,000.00Equity-based compensation expense → Operating adjustments reconciliation: $49,000,000.00Income tax receivable → Operating adjustments reconciliation: $12,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,661,000,000.00Operating adjustments reconciliation → Accounts payable and accrued liabilities: $490,000,000.00Operating adjustments reconciliation → (Gain) loss on derivative instruments, net: $101,000,000.00Operating adjustments reconciliation → Income taxes payable: $51,000,000.00Operating adjustments reconciliation → Cash received (paid) on settlement of derivative instruments: $36,000,000.00Operating adjustments reconciliation → (Income) loss from equity investment, net: $23,000,000.00Operating adjustments reconciliation → (Gain) loss on extinguishment of debt: $2,000,000.00Proceeds from senior notes → financing reconciliation: $5,500,000,000.00Proceeds from borrowings under credit facilities → financing reconciliation: $1,185,000,000.00Proceeds under term loan agreement → financing reconciliation: $1,000,000,000.00Net proceeds from Viper's issuance of common stock → financing reconciliation: $476,000,000.00Proceeds from partial sale of investment in Viper Energy, Inc. → financing reconciliation: $451,000,000.00financing reconciliation → Net cash from financing activities: $5,082,000,000.00financing reconciliation → Repayments under credit facilities: $1,333,000,000.00financing reconciliation → Dividends paid to stockholders: $1,316,000,000.00financing reconciliation → Repurchased shares under buyback program: $557,000,000.00financing reconciliation → Dividends/distributions to non-controlling interest: $157,000,000.00financing reconciliation → Other: $142,000,000.00financing reconciliation → Repayment of senior notes: $25,000,000.00Net cash used in investing activities → investing reconciliation: $9,366,000,000.00Proceeds from sale of assets → investing reconciliation: $459,000,000.00Other → investing reconciliation: $103,000,000.00investing reconciliation → Property acquisitions: $7,994,000,000.00investing reconciliation → Drilling, completions, infrastructure and midstream additions to oil and natural gas properties: $1,934,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $585,000,000.00Net cash from operating activities → Cash sources and uses: $4,072,000,000.00Net cash from financing activities → Cash sources and uses: $5,082,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $373,000,000.00Cash sources and uses → Net cash used in investing activities: $9,366,000,000.00Revenues and royalties payable: $109,000,000.00Unearned revenue+$109.00 MDepreciation, depletion, amortization and accretion: $1,694,000,000.00Depreciation, depletion, amortization and accretion+$1.69 BOther: $104,000,000.00Other working capital, net+$104.00 MAccounts payable and accrued liabilities: -$490,000,000.00Payables & accrued liabilities−$490.00 MOther: $77,000,000.00Other operating, net+$77.00 MCash received (paid) on settlement of derivative instruments: -$36,000,000.00Derivative settlements, net−$36.00 M(Gain) loss on derivative instruments, net: -$101,000,000.00Derivative gain & loss−$101.00 MProvision for (benefit from) deferred income taxes: $180,000,000.00Deferred income taxes+$180.00 MAccounts receivable: $61,000,000.00Accounts receivable+$61.00 M(Income) loss from equity investment, net: -$23,000,000.00Equity-method results−$23.00 MPrepaid expenses and other current assets: $78,000,000.00Prepaid & other assets+$78.00 MNet income (loss): $2,411,000,000.00Net income (loss)+$2.41 BEquity-based compensation expense: $49,000,000.00Stock-based compensation+$49.00 MIncome tax receivable: $12,000,000.00Income taxes receivable+$12.00 M(Gain) loss on extinguishment of debt: -$2,000,000.00Debt extinguishment gain & loss−$2.00 MIncome taxes payable: -$51,000,000.00Income taxes payable−$51.00 MNet cash from operating activities: $4,072,000,000.00Operating cash+$4.07 BOperating adjustments reconciliation: $2,364,000,000.00Dividends/distributions to non-controlling interest: -$157,000,000.00Paid to noncontrolling interests−$157.00 MProceeds from borrowings under credit facilities: $1,185,000,000.00Credit line borrowings+$1.19 BOther: -$142,000,000.00Other financing, net−$142.00 MProceeds under term loan agreement: $1,000,000,000.00Short-term debt issued+$1.00 BNet proceeds from Viper's issuance of common stock: $476,000,000.00Common stock issued+$476.00 MRepurchased shares/units under Viper's buyback program: $0.00Repurchased shares under buyback program: -$557,000,000.00Common stock repurchases−$557.00 MRepayment of senior notes: -$25,000,000.00Senior debt repaid−$25.00 MRepayments under credit facilities: -$1,333,000,000.00Credit line repayments−$1.33 BDividends paid to stockholders: -$1,316,000,000.00Common dividends paid−$1.32 BProceeds from partial sale of investment in Viper Energy, Inc.: $451,000,000.00Proceeds from partial sale of investment in ViperEnergy, Inc.+$451.00 MProceeds from senior notes: $5,500,000,000.00Senior debt issued+$5.50 BNet cash from financing activities: $5,082,000,000.00Financing cash+$5.08 Bfinancing reconciliation: $8,612,000,000.00Other: $103,000,000.00Other investing, net+$103.00 MDrilling, completions, infrastructure and midstream additions to oil and natural gas properties: -$1,934,000,000.00Oil & gas exploration spending−$1.93 BProceeds from sale of assets: $459,000,000.00PP&E sales+$459.00 MProperty acquisitions: -$7,994,000,000.00Oil & gas property purchases−$7.99 BNet cash used in investing activities: -$9,366,000,000.00. Cash required to fund net payments.Investing cash−$9.37 Binvesting reconciliation: $9,928,000,000.00Cash sources and uses: $9,739,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $585,000,000.00Beginning cash$585.00 MEnding cash: Cash, cash equivalents, and restricted cash: $373,000,000.00Ending cash$373.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flowNot availableCash flow / Net income1.69×Operating cash flow ÷ net incomeNet cash change−$212.00 MEnding cash − beginning cash
Chart details

Diamondback Energy, Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. 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 Dec 31, 2023
585,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
4,072,000,000 US dollars. Net cash provided.
Revenues and royalties payable
109,000,000 US dollars
Depreciation, depletion, amortization and accretion
1,694,000,000 US dollars
Other
104,000,000 US dollars
Accounts payable and accrued liabilities
negative 490,000,000 US dollars
Other
77,000,000 US dollars
Cash received (paid) on settlement of derivative instruments
negative 36,000,000 US dollars
(Gain) loss on derivative instruments, net
negative 101,000,000 US dollars
Provision for (benefit from) deferred income taxes
180,000,000 US dollars
Accounts receivable
61,000,000 US dollars
(Income) loss from equity investment, net
negative 23,000,000 US dollars
Prepaid expenses and other current assets
78,000,000 US dollars
Net income (loss)
2,411,000,000 US dollars
Equity-based compensation expense
49,000,000 US dollars
Income tax receivable
12,000,000 US dollars
(Gain) loss on extinguishment of debt
negative 2,000,000 US dollars
Income taxes payable
negative 51,000,000 US dollars
Investing activities
negative 9,366,000,000 US dollars. Net cash used.
Other
103,000,000 US dollars
Drilling, completions, infrastructure and midstream additions to oil and natural gas properties
negative 1,934,000,000 US dollars
Proceeds from sale of assets
459,000,000 US dollars
Property acquisitions
negative 7,994,000,000 US dollars
Financing activities
5,082,000,000 US dollars. Net cash provided.
Dividends/distributions to non-controlling interest
negative 157,000,000 US dollars
Proceeds from borrowings under credit facilities
1,185,000,000 US dollars
Other
negative 142,000,000 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 557,000,000 US dollars
Repayment of senior notes
negative 25,000,000 US dollars
Repayments under credit facilities
negative 1,333,000,000 US dollars
Dividends paid to stockholders
negative 1,316,000,000 US dollars
Proceeds from partial sale of investment in Viper Energy, Inc.
451,000,000 US dollars
Proceeds from senior notes
5,500,000,000 US dollars
Operating adjustment reconciliation
2,364,000,000 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
8,612,000,000 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 gross reconciliation
9,928,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
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
9,739,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 212,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.69×. 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 $1.66B 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.
Diamondback Energy, Inc. (FANG) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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