Approach resources inc (AREX)
CashFlow / TTM
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

-

-

-

-

-

-

-

-

-

-

-179,351

-

-44,527

-184,241

-180,056

-174,104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net loss

-48,708

-33,786

-29,261

-19,911

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

7,098

4,248

4,323

6,384

0

0

0

-

-

-

-

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

54,185

55,577

59,358

61,432

63,202

65,545

68,239

70,521

73,750

76,329

76,777

79,044

82,815

94,615

103,028

109,319

114,810

109,547

109,716

106,802

100,143

93,597

83,506

76,956

72,978

70,293

66,407

60,381

52,435

44,062

37,453

32,475

0

0

0

Impairment

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of loan origination fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

Unrealized (gain) loss on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-24,850

-

13,978

32,492

38,718

42,113

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

0

0

0

Exploration expense

-

-

-

-

-

-

-

3,522

3,798

4,765

4,281

3,753

3,319

2,443

1,749

1,836

1,862

2,613

3,685

3,831

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,586

4,338

-2,870

-347

0

0

0

Amortization of debt issuance costs

1,047

1,046

1,047

1,048

1,012

962

909

866

978

1,107

1,243

1,396

1,441

1,492

1,540

1,561

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

5,053

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commodity derivative loss

7,602

4,000

-1,239

-321

-11,445

-11,749

-5,634

-262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlements of commodity derivatives

-2,528

1,422

4,042

7,050

9,563

6,914

4,929

4,359

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

1,070

1,450

1,825

3,047

3,262

3,952

4,325

4,656

5,516

5,543

5,888

6,279

6,235

6,586

7,287

7,954

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Deferred income tax benefit

-12,130

-8,148

-6,950

-4,281

-58,199

-61,536

-63,823

76,487

126,362

125,705

121,527

-24,418

-20,866

-97,707

-96,389

-93,140

-75,994

18,518

28,040

33,717

0

0

0

-

-

0

0

-

-

-

-

3,488

0

0

0

Equity in losses of investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Other non-cash items

0

0

0

-

-

-

-

-32

-33

10

9

-92

-316

-239

-302

-172

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-5,373

-6,514

-2,460

-3,001

1,546

1,849

378

-400

483

506

1,277

-2,250

-6,740

-9,350

-10,049

-7,878

-6,023

-7,341

-3,611

-3,262

5,519

10,423

10,917

10,239

3,212

4,300

-597

2,550

1,971

-1,506

-510

-6,168

0

0

0

Prepaid expenses and other current assets

-1,691

-606

102

1,256

1,250

209

117

-83

-157

-281

-616

-534

-52

303

48

325

250

47

193

179

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-465

-400

-359

-378

0

0

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,101

7,903

713

-151

0

0

0

Oil, NGL and gas sales payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,022

1,008

486

212

585

80

-3,446

-786

0

0

0

Accounts payable

-

0

-884

-

-

1,118

3,099

907

352

-29

-4,150

358

110

516

-198

964

-1,958

-3,289

-740

-2,262

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Oil, NGLs and gas sales payable

-1,984

-1,736

-731

-399

1,136

1,157

673

919

541

376

1,297

-55

-440

-641

-1,620

-4,291

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-5,423

-3,883

3,526

-1,408

1,762

322

95

634

748

443

-2,145

-2,904

-4,614

117

1,304

2,388

6,022

1,023

2,133

144

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

26,479

-

39,990

61,207

80,828

102,716

118,759

138,608

159,359

171,604

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,550

4,918

31,731

14,152

0

0

0

Cash (used in) provided by operating activities

-3,709

13,334

28,135

34,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,020

95,827

116,867

95,770

0

0

0

INVESTING ACTIVITIES:
Additions to oil and gas properties

2,580

21,277

33,226

46,736

47,832

36,374

47,377

47,051

48,201

45,862

28,273

19,788

17,251

31,509

81,512

151,178

244,610

329,048

363,583

390,506

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additions to oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

291,160

270,627

248,627

284,574

0

0

0

Contribution to equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

360

0

0

0

Additions to furniture, fixtures and equipment

185

185

185

31

31

31

39

14

15

15

19

16

8

29

18

67

426

1,007

1,126

3,024

2,707

2,182

2,128

429

417

373

681

487

484

545

218

544

0

0

0

Sale of equipment

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in working capital related to investing activities

11,816

4,140

5,856

-4,003

-10,137

6,942

3,494

5,344

3,527

-2,825

-830

4,086

11,714

38,491

51,849

66,102

59,491

18,616

13,070

-9,189

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-27,462

-

-28,973

-70,029

-133,379

-217,347

-304,522

-348,666

-370,610

-377,172

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Cash used in investing activities

-13,480

-25,532

-39,198

-42,764

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-291,647

-271,175

-248,846

-284,758

0

0

0

FINANCING ACTIVITIES:
Borrowings under credit facility

53,750

83,000

114,350

120,350

124,600

117,850

119,250

111,250

86,250

70,750

59,000

50,100

71,100

123,100

185,100

272,000

364,000

422,000

435,921

353,921

232,312

115,312

67,475

129,950

219,634

292,480

323,925

304,600

292,500

269,304

229,250

246,800

0

0

0

Repayment of amounts outstanding under credit facility

27,250

58,500

84,350

109,850

121,100

107,350

102,250

93,250

69,250

58,750

56,000

50,100

74,100

105,100

123,100

149,000

175,500

211,000

225,921

203,921

141,921

68,421

219,650

235,950

268,050

438,650

257,100

242,400

366,100

216,700

220,600

203,000

0

0

0

Tax withholdings related to restricted stock

462

462

488

927

1,164

1,165

1,161

650

898

900

884

797

122

124

181

210

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity issuance costs

-

-

-

-

-

-

-

2,780

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

14

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

798

1,302

1,302

1,539

1,009

0

0

0

Change in working capital related to financing activities

1,859

4,664

2,750

1,538

867

619

833

-1,362

8

-296

-771

1,776

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

222

-

-8,628

8,963

53,097

114,799

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Cash provided by financing activities

24,179

19,374

26,762

8,021

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

193,724

174,940

131,223

165,843

0

0

0

CHANGE IN CASH AND CASH EQUIVALENTS

6,990

7,176

15,699

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CHANGE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

0

-761

-

2,389

141

546

168

-1,315

308

-4,047

-58,329

-23,855

-54,834

3,747

57,994

24,648

54,876

119

466

97

-408

-756

-23,145

0

0

0

EFFECT OF FOREIGN CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest

20,942

25,571

24,287

24,102

22,827

21,793

20,556

20,584

24,761

23,882

28,301

25,972

25,653

24,710

24,330

23,634

22,919

21,695

20,980

20,232

19,876

20,229

12,015

12,392

3,896

4,860

4,355

4,192

3,857

2,949

3,048

2,856

0

0

0

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

-

-

-

-

-

-

-

39

32

39

19

36

35

63

117

151

621

754

834

898

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-