Abraxas petroleum corp (AXAS)
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 income

59,083

43,819

21,587

57,821

-2,107

-4,654

13,095

16,006

14,814

12,324

-41,808

-96,378

-158,496

-207,608

-167,272

-127,110

-29,559

48,212

57,847

63,269

60,133

37,924

42,756

38,647

-216

-22,050

-19,013

-18,791

0

0

0

-

-

-

-

Net income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

1,820

1,680

1,660

1,318

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-127,090

-31,379

46,532

56,187

61,951

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Earnings from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,207

2,439

2,703

2,221

2,187

0

0

0

Loss on sale of non-oil and gas assets

-

-

-

-181

-181

12

99

102

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on derivative contracts

37,917

12,267

-13,132

8,060

-53,439

-45,326

-19,113

-1,849

2,693

10,578

-9,312

-18,028

-4,142

7,404

15,139

19,301

35,951

32,357

30,677

25,237

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash settlements paid on derivative contracts

6,596

12,351

16,763

20,241

17,541

9,397

1,960

-2,450

-2,019

452

2,896

-1,790

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in derivative fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Monetization of derivative contracts

-

-

-

-

-

-

-

-

-

-

-

14,370

14,370

14,370

8,970

4,610

0

0

0

-

-

-

-

-

-

-

-

12,364

0

0

0

-

-

-

-

Change in derivative fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Monetization of derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation, depletion, amortization and accretion

50,885

49,422

46,092

42,759

38,801

35,536

30,982

26,226

24,165

22,659

23,913

24,431

25,609

29,403

32,544

38,721

43,742

47,413

47,709

43,139

36,484

29,908

26,578

25,588

24,309

23,020

22,624

20,953

21,012

19,202

17,602

16,194

0

0

0

Proved property impairment

-

-

-

-

-

-

-

-

-

-

-

67,626

136,308

192,393

163,658

128,573

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing fees

538

482

465

440

389

376

382

423

610

661

992

1,019

925

935

650

643

636

625

743

934

1,126

1,320

1,382

1,367

1,350

1,317

1,240

937

854

788

1,292

1,762

0

0

0

Accretion expense

-

-

497

-

-

-

469

451

448

445

468

491

520

553

561

565

566

563

560

559

547

558

581

615

591

557

513

457

0

0

0

-

-

-

-

Accretion of future site restoration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock-based compensation

1,870

1,794

2,153

2,366

2,633

2,955

3,054

3,238

3,283

3,300

3,157

3,194

3,237

3,305

3,909

3,912

3,738

3,485

3,074

2,703

2,502

2,440

2,079

2,114

2,141

2,034

2,088

2,091

2,100

2,117

2,101

1,987

0

0

0

Settlement of asset retirement obligation

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash director compensation

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-23,150

-2,065

3,900

7,543

29,938

21,095

16,318

18,569

4,324

4,448

2,861

4,018

146

-8,335

-6,073

-12,097

-17,630

-13,175

-14,139

-11,881

-7,586

2,435

-1,927

13,702

23,475

15,684

16,001

7,703

5,564

445

775

182

0

0

0

Other assets

2,211

1,807

584

-18

-2,694

-2,577

-1,568

-155

1,639

2,284

-127

-627

-1,101

-864

-981

-1,466

747

510

2,564

2,717

-24

4,683

-167

7

-258

-5,289

-301

-269

38

165

-32

17

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,999

36,576

64,635

64,696

94,462

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

1,719

1,853

1,975

1,741

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-14,698

5,766

13,327

11,576

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

7,423

-

-3,198

-25,038

-13,346

-45,970

-32,712

-21,952

-28,240

1,596

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

74,313

77,413

75,965

80,000

82,568

70,462

60,150

38,123

26,906

27,295

39,565

26,872

29,099

19,765

31,597

6,979

38,295

66,488

66,671

96,203

73,669

58,336

44,165

51,654

56,043

48,403

35,500

51,375

32,790

43,659

55,211

24,495

0

0

0

Investing Activities
Capital expenditures, including purchases and development of properties

136,141

169,268

159,558

179,509

169,707

157,052

146,816

108,236

78,549

50,999

39,455

31,663

41,409

35,374

58,578

69,391

107,951

139,753

168,513

192,799

169,062

151,752

111,402

92,489

66,918

57,878

51,175

59,528

79,356

88,506

95,373

79,012

0

0

0

Proceeds from the sale of oil and gas properties

0

0

0

-

-

-

-

16,979

15,097

19,711

22,595

13,570

13,571

4,512

1,735

138

138

856

3,380

5,999

91,384

129,618

130,148

127,529

0

0

0

-

-

-

-

8,457

0

0

0

Proceeds from the sale of non-oil and gas assets

-

-

-

-

-

-

205

204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-186,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-119,213

-149,267

-155,262

-176,204

-164,684

-150,617

-140,254

-91,053

-63,248

-27,062

-12,838

-14,071

-23,816

-30,862

-56,843

-69,253

-107,816

-138,714

-164,931

-186,468

-79,897

-24,539

16,322

32,486

-18,274

-42,161

-38,650

-47,003

-73,331

-88,506

-95,373

-70,555

0

0

0

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

-

-

-

-

-

-

-

65,224

65,224

65,181

92,358

27,135

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62,346

0

0

0

Proceeds from long-term borrowings

72,000

115,000

104,000

127,000

115,000

97,000

102,000

82,000

68,000

36,000

24,000

22,000

28,007

32,007

32,007

68,007

72,000

76,000

95,000

82,000

66,000

69,000

57,000

42,000

45,000

37,000

38,000

30,500

51,931

53,000

53,000

50,500

0

0

0

Payments on long-term borrowings

20,264

44,260

29,259

31,258

33,257

16,256

16,253

91,786

95,313

101,834

142,350

65,330

60,305

47,279

10,257

6,064

6,204

7,182

47,158

47,143

115,113

154,626

117,149

122,826

80,197

41,193

34,184

32,181

8,174

11,167

12,157

65,153

0

0

0

Deferred financing fees

99

169

169

304

460

375

1,071

890

750

817

206

195

168

84

49

69

136

232

1,030

1,010

0

0

0

-

-

-

-

844

657

834

1,817

1,758

0

0

0

Exercise of stock options

402

401

405

15

0

0

0

-

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,203

-3,764

-3,666

-3,536

-13,413

-13,140

-13,134

-13,239

46

-196

-193

-52

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,857

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

975

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

52,039

70,972

74,977

95,453

81,297

80,385

84,688

54,548

37,161

-1,421

-26,149

-16,341

0

0

0

-

-

-

101,781

88,832

3,932

-32,455

-60,311

-81,014

-35,417

-4,173

3,304

-2,311

43,147

41,008

39,208

45,966

0

0

0

Effect of exchange rate changes on cash - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-32

19

18

18

55

0

0

0

0

0

-

-

-

-

Increase (decrease) in cash and cash equivalents

7,139

-882

-4,320

-751

-819

230

4,584

1,618

819

-1,188

578

-3,540

0

883

-3,386

-232

-2,686

-2,785

3,520

-1,433

-2,299

1,310

195

3,144

2,370

2,124

154

2,061

2,601

-3,843

-959

-99

0

0

0

Supplemental disclosures of cash flow information:
Interest paid

11,162

10,059

8,777

6,858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

3,296

-

3,937

3,982

3,759

3,298

2,827

2,406

2,189

1,970

2,789

2,782

3,400

3,986

4,398

5,147

5,070

5,180

4,729

3,835

7,382

4,514

0

0

0

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

-5,636

-11,529

12,732

-6,014

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in asset retirement obligations

1,058

16

-234

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in capital expenditures included in accounts payable

-5,636

-11,529

12,732

-6,014

3,174

10,323

5,005

23,507

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in asset retirement obligation in capital expenditures

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-