Approach resources inc (AREX)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net loss

-

-

-

-

-

-

-

-

-

-

-140,768

-

-9,073

-16,035

-13,660

-5,759

-148,787

-11,850

-7,708

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,989

1,464

Net loss

-19,183

-13,597

-16,796

868

-4,261

-9,072

-7,446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,793

2,945

-

495

7,787

-347

-837

-2,355

7,862

1,714

-

-

-

-

Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Depletion, depreciation and amortization

13,108

13,068

13,606

14,403

14,500

16,849

15,680

16,173

16,843

19,543

17,962

19,402

19,422

19,991

20,229

23,173

31,222

28,404

26,520

28,664

25,959

28,573

23,606

22,005

19,413

18,482

17,056

18,027

16,728

14,596

11,030

10,081

8,355

7,987

6,052

Impairment

0

0

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of loan origination fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-217

-

-

0

0

-

-

-

-

-

-

-

-

Unrealized (gain) loss on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

760

-8,076

-957

-

296

-13,904

-9,321

36,907

18,810

-7,678

-5,926

-

-

4,290

-4,100

-

-

-

-

-

-

-

-

Gain on sale of oil and gas properties, net of foreign currency transaction loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-243

0

3

488

Exploration expense

-

-

-

-

-

-

-

368

49

2,072

1,033

644

1,016

1,588

505

210

140

894

592

236

891

1,966

738

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,185

9,439

-2,672

-4,168

1,739

2,231

-149

Amortization of debt issuance costs

262

262

261

262

261

263

262

226

211

210

219

338

340

346

372

383

391

394

393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

0

0

0

5,053

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commodity derivative loss

346

355

-2,846

9,747

-3,256

-4,884

-1,928

-1,377

-3,560

1,231

3,444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlements of commodity derivatives

-778

-638

-1,477

365

3,172

1,982

1,531

2,878

523

-3

961

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

260

281

-394

923

640

656

828

1,138

1,330

1,029

1,159

1,998

1,357

1,374

1,550

1,954

1,708

2,075

2,217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

835

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

557

260

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,965

1,107

2,654

-

-

1,533

2,257

-

-

-

-

-

-

-

-

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,170

-38

1,287

-

-

-

-

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,969

280

4,628

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,450

1,311

2,232

-

-

-

-

Deferred income tax benefit

-4,903

-3,420

-4,279

472

-921

-2,222

-1,610

-53,446

-4,258

-4,509

138,700

-3,571

-4,915

-8,687

-7,245

-19

-81,756

-7,369

-3,996

17,127

12,756

2,153

1,681

-

-

4,217

-187

-

-

-

-

-5,633

3,908

4,401

812

Equity in losses of investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-64

-116

-

-

-

-

-

-

-

-

Other non-cash items

157

-1

-66

-

-

-

-

0

-29

0

-3

-1

14

-1

-104

-225

91

-64

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,253

4,390

982

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

984

-2,846

456

-3,967

-157

1,208

-85

580

146

-263

-863

1,463

169

508

-4,390

-3,027

-2,441

-191

-2,219

-1,172

-3,759

3,539

-1,870

7,609

1,145

4,033

-2,548

582

2,233

-864

599

3

-1,244

132

-5,059

Prepaid expenses and other current assets

-323

-363

-688

-317

762

345

466

-323

-279

253

266

-397

-403

-82

348

85

-48

-337

625

10

-251

-191

611

-

-

-547

297

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-363

-347

296

-51

-298

-306

277

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,095

15,023

-1,855

-10,162

4,897

7,833

-2,719

Oil, NGL and gas sales payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,434

1,984

-

54

560

-123

531

40

38

-397

904

-465

-3,488

2,263

Accounts payable

-

-2,302

-2,449

-

-

-2,266

-1,781

1,983

3,182

-285

-3,973

1,428

2,801

-4,406

535

1,180

3,207

-5,120

1,697

-1,742

1,876

-2,571

175

-

-

-9,912

5,955

-

-

-

-

-

-

-

-

Oil, NGLs and gas sales payable

-129

-457

-260

-1,138

119

548

72

397

140

64

318

19

-25

985

-1,034

-366

-226

6

-3,705

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

1,096

-4,661

4,298

-6,156

2,636

2,748

-636

-2,986

1,196

2,521

-97

-2,872

891

-67

-856

-4,582

5,622

1,120

228

-948

623

2,230

-1,761

-

-

-311

-1,700

-

-

-

-

-

-

-

-

Cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

5,689

-

11,302

3,301

5,291

20,096

32,519

22,922

27,179

36,139

52,368

43,673

39,424

-

-

15,201

29,638

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,150

-24,321

18,721

9,000

1,518

2,492

1,142

Cash (used in) provided by operating activities

-1,943

-5,936

-1,224

5,394

15,100

8,865

5,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,340

10,633

35,491

21,556

28,147

31,673

14,394

INVESTING ACTIVITIES:
Additions to oil and gas properties

654

1,508

175

243

19,351

13,457

13,685

1,339

7,893

24,460

13,359

2,489

5,554

6,871

4,874

-48

19,812

56,874

74,540

93,384

104,250

91,409

101,463

-

-

-

-

-

-

-

-

-

-

-

-

Additions to oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69,455

-

77,102

70,261

77,608

66,189

56,569

48,261

113,555

Contribution to equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,999

0

6,280

-

-

-

-

-

-

-

-

Proceeds from gain on sale of oil and gas properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

0

2

361

Additions to furniture, fixtures and equipment

0

0

185

0

0

0

31

0

0

8

6

1

0

12

3

-7

21

1

52

352

602

120

1,950

35

77

66

251

23

33

374

57

20

94

47

383

Sale of equipment

1,031

1

69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in working capital related to investing activities

873

-1,097

1,530

10,510

-6,803

619

-8,329

4,376

10,276

-2,829

-6,479

2,559

3,924

-834

-1,563

10,187

30,701

12,524

12,690

3,576

-10,174

6,978

-9,569

-

-

-

-

-

-

-

-

-

-

-

-

Cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-6,886

-

-9,478

-6,049

-3,314

-10,132

-50,534

-69,399

-87,282

-97,307

-94,678

-91,343

-93,844

-

-

-50,197

-75,986

-

-

-

-

-

-

-

-

Cash used in investing activities

-496

-410

-1,821

-10,753

-12,548

-14,076

-5,387

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-77,135

-70,635

-77,665

-66,212

-56,663

-48,306

-113,577

FINANCING ACTIVITIES:
Borrowings under credit facility

0

0

23,500

30,250

29,250

31,350

29,500

34,500

22,500

32,750

21,500

9,500

7,000

21,000

12,600

30,500

59,000

83,000

99,500

122,500

117,000

96,921

17,500

891

0

49,084

79,975

90,575

72,846

80,529

60,650

78,475

49,650

40,475

78,200

Repayment of amounts outstanding under credit facility

0

0

3,000

24,250

31,250

25,850

28,500

35,500

17,500

20,750

19,500

11,500

7,000

18,000

13,600

35,500

38,000

36,000

39,500

62,000

73,500

50,921

17,500

0

0

202,150

33,800

32,100

170,600

20,600

19,100

155,800

21,200

24,500

1,500

Tax withholdings related to restricted stock

0

2

165

295

0

28

604

532

1

24

93

780

3

8

6

105

5

65

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity issuance costs

-

-

-

-

-

-

-

13

5

294

2,468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

0

0

0

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

798

504

0

237

268

Change in working capital related to financing activities

-2,253

2,175

1,591

346

552

261

379

-325

304

475

-1,816

1,045

0

0

731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

1,255

-

-9

2,801

-1,737

-9,683

17,582

46,935

59,965

-

-

-

-

-

-

89,680

46,175

-

-

-

-

-

-

-

-

Cash provided by financing activities

2,253

-2,177

18,744

5,359

-2,552

5,211

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,234

59,929

42,348

44,213

28,450

16,212

76,968

CHANGE IN CASH AND CASH EQUIVALENTS

-186

-8,523

15,699

0

0

0

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CHANGE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

99

58

-

1,815

53

240

281

-433

458

-138

-1,202

1,190

-3,897

-54,420

33,272

-29,789

54,684

-173

-74

439

-73

174

-443

-66

-421

-22,215

EFFECT OF FOREIGN CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-29

-3

5

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest

19

8,729

4,359

7,835

4,648

7,445

4,174

6,560

3,614

6,208

4,202

10,737

2,735

10,627

1,873

10,418

1,792

10,247

1,177

9,703

568

9,532

429

9,347

921

1,318

806

851

1,885

813

643

516

977

912

451

SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTION:
Asset retirement obligations capitalized

-

-

-

-

-

-

-

8

0

20

11

1

7

0

28

0

35

54

62

470

168

134

126

-

-

-

-

-

-

-

-

-

-

-

-