| Consolidated Statements of Cash Flows (In US$ thousands) Year Ended December 31, 2023 2022 2021 Cash flows from operating activities: Net income $ 156,065 $ 771,703 $ 189,423 Adjustments to reconcile net income to cash and cash equivalents provided by operating activities: Depreciation, depletion and amortization 163,862 165,503 175,814 Amortization of right of use asset - operating leases 12,415 6,704 8,899 Amortization of deferred financing costs 4,300 1,933 3,133 Non-cash interest expense 30,997 31,362 29,120 Amortization of contract obligations (33,026) (36,519) (33,967) Loss on disposal of property, plant and equipment 516 855 415 Equity-based compensation expense (gain) 2,149 2,735 (250) Loss on debt extinguishment 1,385 5,336 8,477 Deferred income taxes (21,338) 40,423 24,417 Reclamation of asset retirement obligations (5,334) (4,543) (4,273) Change in estimate of asset retirement obligation (3,151) 1,543 2,061 Gain on disposal of asset held for sale — — (14,845) (Decrease) increase in provision for discounting and credit losses (4,216) 3,821 (8,042) Changes in operating assets and liabilities: Accounts receivable - including related party receivables, net 155,056 (156,818) (33,545) Inventories (32,774) (41,243) (9,637) Other current assets (477) (12,365) 24,573 Accounts payable 40,159 (27,664) 24,166 Accrued expenses and other current liabilities (25,435) 84,041 64,285 Operating lease liabilities (14,597) (8,244) (10,986) Income tax payable (164,834) 96,326 — Change in other liabilities 6,560 1,754 2,776 Net cash provided by operating activities 268,282 926,643 442,014 Cash flows from investing activities: Capital expenditures (237,205) (199,716) (89,661) Proceeds from the disposal of property, plant, and equipment — 318 1,594 Proceeds from disposal of assets held for sale — — 27,451 Purchase of restricted and other deposits (27,213) (9,761) (103,997) Redemption of restricted and other deposits 26,250 816 30,281 Net cash used in investing activities (238,168) (208,343) (134,332) Cash flows from financing activities: Proceeds from interest bearing liabilities and other financial liabilities — — 411,524 Debt issuance costs and other financing costs (3,436) — (15,263) Principal payments on interest bearing liabilities and other financial liabilities (4,361) (81,310) (412,046) Call premiums paid on early redemption of debt — (2,557) (1,050) Principal payments on finance lease obligations (127) (140) (70) Dividends paid (16,755) (700,244) — Proceeds from stock issuance, net — — 97,741 Net cash (used in) provided by financing activities (24,679) (784,251) 80,836 Net increase (decrease) in cash and cash equivalents 5,435 (65,951) 388,518 Effect of exchange rate changes on cash and cash equivalents (769) (37,351) 3,677 Cash and cash equivalents at beginning of period 334,629 437,931 45,736 Cash and cash equivalents at end of period $ 339,295 $ 334,629 $ 437,931 Supplemental disclosure of cash flow information: Cash payments for interest $ 28,632 $ 36,728 $ 33,462 Cash paid (refund) for taxes $ 147,106 $ 90,888 $ (16,582) Restricted cash $ 251 $ 251 $ 251 |