Basic energy services, inc. (BAS)
CashFlow / Quarterly
Dec'19Sep'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
Cash flows from operating activities:
Net loss

-87,768

-38,877

-27,777

-27,476

-46,676

-27,336

-40,054

-30,531

-20,261

-13,846

-23,941

-38,626

-

-92,119

-89,861

-83,339

-

-105,642

-48,295

-32,624

-

9,931

2,443

-1,907

-7,399

-6,956

-12,796

-8,778

-19,803

5,021

14,737

19,631

21,184

26,595

16,550

-18,493

Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization

28,989

29,179

28,991

27,498

32,267

32,754

31,161

30,235

31,363

29,477

25,956

25,413

-

53,142

54,847

56,152

-

60,328

60,231

60,929

-

54,485

51,785

51,705

54,276

53,623

52,067

49,781

49,291

48,272

45,536

43,984

45,229

41,348

34,784

32,980

Accretion on asset retirement obligation

444

435

87

85

97

32

42

41

41

40

40

39

-

37

36

36

-

33

33

33

-

34

33

31

29

28

27

28

28

26

28

28

25

34

33

32

Change in allowance for doubtful accounts

-341

389

587

-265

37

282

155

-159

-384

156

-24

1,775

-

-49

-391

-250

-

843

-125

-457

-

-

-

-

-

-

-

-

-

-

-

-

-

12

188

-1,269

Change in allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-371

116

555

-37

261

810

293

65

382

-

-

-

-

Amortization of deferred financing costs

555

590

591

564

514

214

196

176

180

-5

12

7

-85

1,599

1,495

2,991

269

1,306

782

743

789

806

806

799

802

788

758

754

737

702

699

693

696

686

535

432

Amortization of debt discounts

265

264

263

262

301

966

1,268

1,474

1,615

1,787

2,309

1,553

-

-71

-70

-68

-

-68

-64

-62

-

-61

-60

-58

-58

-58

-55

-53

-53

-53

-52

-50

-51

-48

-9

6,493

Non-cash compensation

919

1,386

3,563

3,288

5,259

5,571

9,626

6,798

6,339

5,892

6,275

4,448

-

2,238

2,276

2,841

-

3,298

3,270

3,969

-

3,811

3,734

3,387

2,864

2,837

3,312

2,817

3,515

4,416

3,424

2,397

3,567

2,162

2,078

1,680

Loss on early extinguishment of debt (non-cash)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,880

0

0

-3,940

Payment of Premium and Consent for Senior Secured Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,358

0

-72,358

36,179

Loss (gain) on disposal of assets

-1,379

-837

-342

-1,455

6,489

-191

-1,921

-1,779

-938

-26

223

467

-

128

-336

75

-

-1,128

57

-48

-

-979

-916

679

-583

-411

-790

-1,089

-211

-424

-980

-1,719

-1,145

-65

-942

1,705

Deferred income taxes

-

0

0

0

-

0

0

-78

-

0

0

389

-

1

662

-5,066

-

-56,329

-27,152

-17,885

-

5,337

1,898

-1,197

-

-4,659

-3,269

-7,486

-

3,502

8,580

11,369

20,227

15,662

10,914

-17,002

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

-24,370

-11,173

-4,465

-4,763

-11,361

-6,824

7,183

7,618

-20,160

17,901

20,890

22,672

-

16,972

-369

-23,641

-

-886

-32,567

-88,781

-

28,355

12,159

16,011

-7,397

-14,762

7,941

10,405

-30,387

-2,679

-8,153

-8,027

13,261

26,858

22,808

25,936

Inventories

-1,983

8

-1,845

-2,709

359

-2,567

1,442

812

1,149

-1,426

59

930

-

1,166

-1,341

-3,099

-

-1,709

839

-4,788

-

2,120

5,412

1,308

-4,052

-1,780

453

-611

-845

1,281

1,870

2,961

4,384

3,567

1,638

2,468

Prepaid expenses and other current assets

-3,838

2,374

-6,060

1,282

1,762

-552

-4,865

-1,593

-2,381

3,488

930

5,028

-

-951

1,718

-2,012

-

751

953

25

-

12,437

-2,786

6,703

-3,060

1,376

-3,999

6,729

-2,557

945

-2,755

3,803

2,809

-2,567

-446

1,548

Other assets

325

54

-595

549

-581

-354

447

-44

161

559

301

223

-

752

71

14

-

695

-17,063

16,903

-

-259

1,386

-562

1,235

148

28

-257

443

-133

-1,041

-196

-367

-5,311

6,313

2,218

Accounts payable

-5,878

-10,069

-1,052

-20,496

12,531

-1,072

12,795

-5,987

-7,317

6,024

9,118

17,723

-

7,526

-2,840

-18,648

-

19,787

-25,265

1,791

-

1,441

4,023

5,206

-3,936

-7,422

6,235

-11,109

4,359

2,410

16,011

-18,060

1,428

11,402

-928

238

Excess tax expense from exercise of employee stock options / vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,526

1,553

1,955

Income tax receivable

-

-683

-2,742

1,851

-

1

-273

-19

-

1,741

2

-3

-

-3

-1

-551

-

150

-3,070

2,116

-

-2,811

309

-578

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-375

-558

-1,923

617

-5,043

79,416

2,492

2,301

Other liabilities

484

3,199

-509

-2,559

-4,268

1,724

8,546

-1,641

-342

3,311

659

-924

-

3,568

-3,900

-4,438

-

5,089

-891

-65

-

7,763

3,122

639

4,004

368

2,156

239

-208

-1,327

2,161

1,136

293

-4,630

-2,005

-323

Accrued expenses

-16,605

13,429

-11,347

15,658

-11,852

7,636

-1,146

9,215

-10,103

4,619

1,517

4,611

-

12,389

16,291

-214

-

-7,694

8,964

-25,168

-

-5,798

13,189

-6,106

-1,559

-15,563

14,955

-1,837

3,729

-7,682

11,993

-84

4,079

-1,704

871

9,644

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-29,797

-21,219

-20,789

-

4,955

22,339

65,777

-

37,773

65,444

28,567

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-8,325

17,262

9,446

1,804

17,957

31,258

20,576

4,548

24,122

15,218

-484

-12,909

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,885

9,484

70,110

56,032

112,318

65,221

76,947

146,927

34,579

21,002

Cash flows from investing activities:
Purchase of Property plant and equipment

9,090

12,904

14,474

18,885

20,121

16,891

16,285

15,412

15,066

14,550

7,815

25,930

-

11,346

6,984

4,577

-

12,465

8,962

25,861

-

77,541

74,278

33,106

32,921

26,430

37,726

39,873

44,746

39,961

39,910

46,823

54,725

52,241

42,431

72,442

Payments for other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

310

363

324

239

309

260

266

200

180

171

162

175

147

140

Proceeds from sale of mutual fund

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,635

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

2,113

2,345

2,664

-

943

801

198

-

2,858

3,831

1,145

-

1,330

938

513

-

1,147

3,150

3,261

-

10,475

2,578

23,297

-

3,884

4,160

3,498

-

1,371

2,232

1,987

-

1,198

1,309

16,687

Payments for businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,200

-196

-1

16,464

41,822

1,348

23,185

18,584

2,399

215,938

0

10

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83,606

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,016

77,560

-87,670

-

-28,048

-5,812

-22,600

-

-83,362

-72,010

-10,172

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

236

-11,202

-12,129

-16,221

-4,278

-15,948

-15,484

-15,214

-13,086

-11,692

-3,984

-24,785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33,874

-47,464

-85,990

-40,138

-61,043

-63,591

-55,637

-267,156

-41,269

-55,905

Cash flows from financing activities:
Proceeds from debt

-

0

0

0

-

6,500

5,000

21,000

-

64,000

0

0

-

0

0

165,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

223,850

275,000

Repayments of debt

6,155

5,875

5,911

11,423

268,616

23,173

13,483

13,657

12,940

11,383

11,928

10,338

-

12,540

12,638

12,784

-

12,256

28,753

14,358

-

11,879

11,222

11,124

11,529

11,236

11,004

11,628

236,351

10,732

10,222

9,644

9,504

30,901

8,400

229,891

Premium on retirement of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

36,179

Change in treasury stock including restricted stock issuances

-1

3,439

1,340

343

165

376

-1

1,342

1,997

0

-1

39

-

0

2

638

-

64

72

4,490

-

72

-1

6,244

43

34

28

3,500

3,572

6,453

5,189

3,283

0

111

46

1,715

Excess tax expense from exercise of employee stock options / vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,526

1,553

1,955

Tax withholding from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3

-

0

0

362

46

0

95

59

14

0

94

34

158

488

1,675

854

Exercise of employee stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

727

-

0

205

4,441

325

0

284

172

146

0

690

104

391

1,911

3,602

1,805

Deferred loan costs and other financing activities

0

0

-148

-321

-12,835

-225

-360

0

-724

-1,971

0

-162

-

-928

-2,488

-14,768

-

-437

-816

-32

-

-4

-51

-11

-19

-376

-38

-81

-7,208

1,304

-141

-1

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,949

-45,324

136,810

-

-12,757

-29,641

-18,156

-

4,045

-11,067

-13,300

-

-

-

-

-

-

-

-

-

-

-

-

Deferred loan costs and other financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,049

9,371

Net cash used in financing activities

-6,154

-9,314

-7,399

-12,087

777

-17,274

-8,842

6,001

-15,661

50,646

-11,927

-10,539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,881

-15,096

46,883

-15,881

-14,956

-12,858

-14,464

-29,069

213,835

750

Net decrease in cash and cash equivalents

-

-3,254

-10,082

-26,504

-

-1,964

-3,750

-4,665

-

54,172

-16,395

-48,233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental cash flow information:
Capital leases and notes issued for equipment

-2

355

1,444

6,144

3,632

5,518

7,726

3,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in accrued property and equipment

-

-1,038

2,342

-994

-

733

424

2,518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in asset retirement obligations

-

6,312

-16

124

-

-296

90

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,762

11,017

28,351

-

-35,850

-13,114

25,021

-

-41,544

-17,633

5,095

11,363

4,550

14,130

-53,076

31,003

13

36,319

-11,228

6,846

-149,298

207,145

-34,153