Abraxas petroleum corp (AXAS)
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 income

17,041

11,678

-25,455

55,819

1,777

-10,554

10,779

-4,109

-770

7,195

13,690

-5,301

-3,260

-46,937

-40,880

-67,419

-52,372

-6,601

-718

30,132

25,399

3,034

4,704

26,996

3,190

7,866

595

-11,867

-18,644

10,903

817

-

-

-

-

Net income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-20

1,840

-140

-20

-362

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67,419

-52,372

-6,601

-698

28,292

25,539

3,054

5,066

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net income (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,019

Earnings from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-109

282

1,251

783

123

546

769

749

Loss on sale of non-oil and gas assets

-

-

-

0

-193

15

-3

0

0

102

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on derivative contracts

12,081

5,636

-29,075

49,275

-13,569

-19,763

-7,883

-12,224

-5,456

6,450

9,381

-7,682

2,429

-13,440

665

6,204

13,975

-5,705

4,827

22,854

10,381

-7,385

-613

-

-

-

-

-

-

-

-

-

-

-

-

Net cash settlements paid on derivative contracts

973

1,646

311

3,666

6,728

6,058

3,789

966

-1,416

-1,379

-621

1,397

1,055

1,065

-5,307

-

-1,745

-1,042

-4,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in derivative fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-512

-

17,118

-13,761

10,664

Monetization of derivative contracts

-

-

-

-

-

-

-

-

-

-

-

0

0

10,010

4,360

0

0

4,610

0

-

-

-

-

-

-

-

-

0

0

0

12,364

-

-

-

-

Change in derivative fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,027

7,432

-592

-

-

-

-

-

-

-

-

Monetization of derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation, depletion, amortization and accretion

12,605

12,299

13,463

12,518

11,142

8,969

10,130

8,560

7,877

4,415

5,374

6,499

6,371

5,669

5,892

7,677

10,165

8,810

12,069

12,698

13,836

9,106

7,499

6,043

7,260

5,776

6,509

4,764

5,971

5,380

4,838

4,823

4,161

3,780

3,430

Proved property impairment

-

-

-

-

-

-

-

-

-

-

-

0

3,806

28,735

35,085

68,682

59,891

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing fees

169

128

121

120

113

111

96

69

100

117

137

256

151

448

164

162

161

163

157

155

150

281

348

347

344

343

333

330

311

266

30

247

245

770

500

Accretion expense

-

-

111

-

-

-

130

113

114

112

112

110

111

135

135

139

144

143

139

140

141

140

138

128

152

163

172

104

118

119

116

-

-

-

-

Accretion of future site restoration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

Stock-based compensation

504

521

373

472

428

880

586

739

750

979

770

784

767

836

807

827

835

1,440

810

653

582

1,029

439

452

520

668

474

479

413

722

477

488

430

706

363

Settlement of asset retirement obligation

-

-

386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash director compensation

-

-

-

-

-

-

-

-

-

-

-

-

0

0

40

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-7,390

1,133

-10,110

-6,783

13,695

7,098

-6,467

15,612

4,852

2,321

-4,216

1,367

4,976

734

-3,059

-2,505

-3,505

2,996

-9,083

-8,038

950

2,032

-6,825

-3,743

10,971

-2,330

8,804

6,030

3,180

-2,013

506

3,891

-1,939

-1,683

-87

Other assets

58

528

-84

1,709

-346

-695

-686

-967

-229

314

727

827

416

-2,097

227

353

653

-2,214

-258

2,566

416

-160

-105

-175

5,123

-5,010

69

-440

92

-22

101

-133

219

-219

150

Net Cash Provided by (Used in) Operating Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,874

367

26,846

-27,088

36,451

28,426

26,907

2,678

-

-

-

-

-

-

-

-

-

-

-

-

Cash Provided by (Used in) Operating Activities, Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-20

1,739

134

122

-254

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-6,191

-1,068

1,010

-8,449

14,273

6,493

-741

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,670

-3,843

10,111

-

4,150

-8,541

8,024

-

7,365

3,936

-9,463

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-4,609

-

11,005

2,380

-15,567

-1,016

-10,835

14,072

-48,191

12,242

-75

7,784

-18,355

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

18,318

14,504

28,195

13,296

21,418

13,056

32,230

15,864

9,312

2,744

10,203

4,647

9,701

15,014

-2,490

6,874

367

26,846

-27,108

38,190

28,560

27,029

2,424

15,656

13,227

12,858

9,913

20,045

5,587

-45

25,788

1,460

16,456

11,507

-4,928

Investing Activities
Capital expenditures, including purchases and development of properties

26,044

35,569

28,008

46,520

59,171

25,859

47,959

36,718

46,516

15,623

9,379

7,031

18,966

4,079

1,587

16,777

12,931

27,283

12,400

55,337

44,733

56,043

36,686

31,600

27,423

15,693

17,773

6,029

18,383

8,990

26,126

25,857

27,533

15,857

9,765

Proceeds from the sale of oil and gas properties

-40

15,813

992

-

-

-

-

1,881

4,445

31

10,622

-1

9,059

2,915

1,597

0

0

138

0

0

718

2,662

2,619

85,385

38,952

3,192

0

-

-

-

-

0

0

0

8,457

Proceeds from the sale of non-oil and gas assets

-

-

-

-

-

-

1

0

0

204

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-55,337

-44,015

-53,381

-34,067

-

-

-

-

-

-

-

-

-

-

-

-

Cash Provided by (Used in) Investing Activities, Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

186

19

130

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-26,084

-19,756

-27,016

-46,357

-56,138

-25,751

-47,958

-34,837

-42,071

-15,388

1,243

-7,032

-5,885

-1,164

10

-16,777

-12,931

-27,145

-12,400

-55,340

-43,829

-53,362

-33,937

51,231

11,529

-12,501

-17,773

471

-12,358

-8,990

-26,126

-25,857

-27,533

-15,857

-1,308

Financing Activities
Proceeds from issuance of common stock, net of offering cost of $1.6 million and $3.8 million, respectively

-

-

-

-

-

-

-

0

1

0

65,223

0

-42

27,177

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-82

204

111

62,113

Proceeds from long-term borrowings

15,000

20,000

3,000

34,000

58,000

9,000

26,000

22,000

40,000

14,000

6,000

8,000

8,000

2,000

4,000

14,007

12,000

2,000

40,000

18,000

16,000

21,000

27,000

2,000

19,000

9,000

12,000

5,000

11,000

10,000

4,500

26,431

12,069

10,000

2,000

Payments on long-term borrowings

68

16,065

4,066

65

24,064

1,064

6,065

2,064

7,063

1,061

81,598

5,591

13,584

41,577

4,578

566

558

4,555

385

706

1,536

44,531

370

68,676

41,049

7,054

6,047

26,047

2,045

45

4,044

2,040

5,038

1,035

57,040

Deferred financing fees

27

8

56

8

97

8

191

164

12

704

10

24

79

93

-1

-3

-5

58

19

64

91

856

-1

-

-

-

-

204

37

531

72

17

214

1,514

13

Exercise of stock options

0

0

401

1

-1

4

11

-

0

0

0

-

-

-

-

-

160

0

9

-

54

155

46

-

0

44

0

-

0

-59

59

-

-

-

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

449

-127

-130

-3,395

-112

-29

0

-13,272

161

-23

-105

13

-81

-20

36

Net Cash Provided by (Used in) Financing Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,038

14,673

29,599

26,547

-

-

-

-

-

-

-

-

-

-

-

-

Cash Provided by (Used in) Financing Activities, Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,195

-451

122

109

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

14,905

3,927

-721

33,928

33,838

7,932

19,755

19,772

32,926

12,235

-10,385

2,385

-5,656

-12,493

-577

-

-

-

39,605

18,233

14,222

29,721

26,656

-66,667

-22,165

1,865

5,953

-21,070

9,079

9,342

338

24,388

6,940

7,542

7,096

Effect of exchange rate changes on cash - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

5

1

0

-38

56

0

0

-1

1

0

-

-

-

-

Increase (decrease) in cash and cash equivalents

7,139

-1,325

458

867

-882

-4,763

4,027

799

167

-409

1,061

0

-1,840

1,357

-3,057

3,540

-957

-2,912

97

1,086

-1,056

3,393

-4,856

220

2,553

2,278

-1,907

-554

2,307

308

0

-14

-4,137

3,192

860

Supplemental disclosures of cash flow information:
Interest paid

2,928

2,839

2,939

2,456

1,825

1,557

1,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

507

-

1,223

1,062

1,110

542

1,268

839

649

71

847

622

430

890

840

1,240

1,016

1,302

1,589

1,163

1,126

851

695

4,710

-1,742

Non-cash investing and financing activities
Change in capital expenditures included in accounts payable

-197

-5,070

1,822

-2,191

-6,090

19,191

-16,924

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in asset retirement obligations

-430

-34

85

1,437

-1,472

-284

320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in capital expenditures included in accounts payable

-197

-5,070

1,822

-2,191

-6,090

19,191

-16,924

6,997

1,059

13,873

1,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in asset retirement obligation in capital expenditures

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities

-

-

-

-

-

-

-

-

4,394

13,873

1,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-