Bonanza creek energy, inc. (BCEI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Apr'17Apr'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11
ASSETS
Current assets:
Cash and cash equivalents

11,052

11,008

8,371

9,149

32,695

12,916

24,007

21,989

5,761

12,711

-

70,183

96,286

91,935

-

133,430

170,171

218,599

21,341

25,326

15,340

70,514

2,584

92,618

36,555

131,343

180,582

17,368

46,084

3,170

4,267

4,845

2,605

-

2,089

Accounts receivable, net:
Oil and gas sales

16,500

43,700

42,000

40,300

47,281

31,800

36,085

38,830

37,781

28,500

-

24,876

24,876

22,085

-

22,167

27,536

23,391

25,322

33,286

46,755

39,273

54,574

72,292

80,644

66,835

57,485

62,937

42,461

43,842

38,600

29,520

24,346

30,419

17,850

Joint interest and other

46,205

38,136

39,328

23,946

25,858

47,577

39,118

13,926

10,357

3,831

-

3,028

3,028

2,992

-

4,937

5,595

10,111

31,224

30,237

26,702

36,205

37,202

21,945

22,141

16,287

12,915

13,228

10,967

7,154

5,484

12,079

12,012

7,670

5,696

Prepaid expenses and other

5,948

7,048

5,813

5,336

5,073

4,633

5,365

5,620

3,153

6,555

-

4,952

4,952

6,451

-

5,125

5,426

5,700

4,078

11,528

13,870

14,395

12,522

3,924

4,213

4,274

1,638

2,305

2,397

2,950

3,031

1,515

1,899

1,974

1,868

Inventory of oilfield equipment

7,212

7,726

7,312

2,946

2,484

3,478

1,759

1,434

1,308

1,019

-

4,218

4,218

4,050

-

8,994

8,721

8,798

8,543

8,747

10,340

18,312

15,353

9,996

8,613

8,597

10,696

5,389

7,482

3,956

1,740

2,014

2,609

2,605

3,324

Derivative assets (note 10)

-

2,884

16,408

11,116

6,400

34,408

134

39

126

488

48

-

-

-

0

2,093

4,236

21,052

29,566

60,004

55,419

69,056

86,240

13,300

153

145

858

620

1,422

696

2,178

2,714

7,369

885

1,297

Total current assets

164,853

110,516

119,228

92,834

119,791

134,811

106,468

81,838

58,486

53,153

-

107,257

133,360

127,513

-

176,746

221,685

287,651

120,074

169,128

168,426

247,755

208,475

214,075

152,319

227,481

264,174

101,850

110,814

61,771

55,303

52,690

50,843

43,555

32,127

Property and equipment (successful efforts method):
Proved properties

983,609

935,025

907,011

802,452

782,323

719,198

584,672

552,858

495,141

555,341

-

500,461

2,531,834

2,529,599

-

2,519,695

2,518,080

1,658,867

1,618,970

1,556,942

2,203,152

2,072,397

1,924,380

1,753,604

1,576,118

1,395,629

1,257,288

1,155,502

982,931

841,450

811,000

718,962

647,233

573,026

547,878

OIL AND GAS PROPERTIES-using the successful efforts method of accounting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,286,446

1,134,559

1,019,069

-

861,710

731,860

657,658

587,510

Less: accumulated depreciation, depletion, and amortization

147,790

126,614

105,701

86,265

67,886

52,842

39,644

29,703

21,401

17,032

-

0

1,720,736

1,714,424

-

1,669,662

1,644,334

967,941

943,081

468,173

716,954

649,015

592,073

377,733

316,943

264,466

224,848

175,678

140,273

111,949

89,669

66,199

49,330

41,241

26,759

Total proved properties, net

835,819

808,411

801,310

716,187

714,437

666,356

545,028

523,155

473,740

538,309

-

500,461

811,098

815,175

-

850,033

873,746

690,926

675,889

1,088,769

1,486,198

1,423,382

1,332,307

1,375,871

1,259,175

1,131,163

1,032,440

-

-

-

721,330

-

-

-

-

Unproved properties

113,247

143,020

155,371

155,882

154,599

154,352

177,552

179,735

181,193

183,843

-

178,460

163,781

163,790

-

162,334

169,911

178,948

185,530

197,770

198,098

202,409

206,721

213,251

14,654

14,653

45,081

44,444

75,340

73,286

72,928

72,928

15,851

15,881

15,848

Wells in progress

90,508

98,750

74,780

133,364

73,993

93,617

102,462

52,747

68,735

47,224

-

0

18,002

20,000

-

20,133

19,585

27,058

51,196

89,541

130,575

111,964

139,208

155,096

117,364

155,642

110,848

86,499

76,287

104,331

75,031

69,819

68,775

68,750

23,783

Oil and gas properties held for sale, net of accumulated depreciation, depletion and amortization of $2,583 in 2018 (note 4)

-

-

-

-

-

-

-

82,328

82,504

-

-

-

-

-

-

0

0

209,421

214,922

362,922

-

-

0

-

-

-

360

-

-

-

582

-

-

-

-

Natural gas plant, net of accumulated depreciation of $8,457 in 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

66,770

67,313

67,840

68,479

69,108

70,176

71,474

-

-

-

69,683

-

-

-

-

OIL AND GAS PROPERTIES-net, using the successful efforts method of accounting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,110,767

994,286

907,119

-

795,510

682,529

616,417

560,750

NATURAL GAS PLANT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,301

74,815

74,276

-

67,648

61,707

60,934

56,910

Less: accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,269

4,641

4,016

-

2,820

2,287

1,781

1,286

Other property and equipment, net of accumulated depreciation of $3,291 in 2020 and $3,142 in 2019

3,607

3,394

3,491

3,490

3,570

3,649

3,766

4,488

4,551

4,706

-

6,056

6,056

5,950

-

6,789

8,259

9,044

9,729

10,206

9,333

10,932

10,401

10,511

9,947

7,566

7,406

70,032

70,173

70,259

4,199

64,828

59,420

59,153

55,624

OTHER PROPERTY AND EQUIPMENT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,784

7,715

6,476

-

4,186

3,452

2,578

1,983

Less: accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,237

1,664

1,245

-

611

405

224

128

Total property and equipment, net

1,043,181

1,053,575

1,034,952

1,008,923

946,599

917,974

828,808

842,453

810,723

774,082

-

684,977

998,937

1,004,915

-

1,039,289

1,071,501

1,115,397

1,137,266

1,749,208

1,890,974

1,816,000

1,756,477

1,823,208

1,470,248

1,379,200

1,267,609

6,547

6,051

5,230

943,756

3,575

3,046

2,354

1,854

OIL AND GAS PROPERTIES HELD FOR SALE, LESS ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

441

481

572

-

5,038

8,788

-

9,895

Long-term derivative assets (note 10)

12,578

121

3,590

1,176

0

3,864

0

0

56

6

6

-

-

-

0

-

-

-

-

6,900

11,310

18,339

17,765

5,224

-

-

293

480

3,283

534

-

550

2,075

336

678

Right-of-use assets (note 3)

40,023

38,562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets (note 2)

-

-

38,309

38,623

31,999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent assets

3,434

3,544

3,664

3,782

4,998

4,885

3,159

3,151

3,142

3,130

-

2,738

2,738

2,737

-

8,362

4,980

17,799

2,301

18,445

22,176

32,656

23,372

23,724

24,548

13,463

13,859

9,651

10,001

3,262

3,429

3,344

3,345

3,259

3,418

Total assets

1,264,069

1,206,318

1,199,743

1,145,338

1,103,387

1,061,534

938,435

927,442

872,407

830,371

-

794,972

1,135,035

1,135,165

-

1,224,397

1,298,166

1,420,847

1,259,641

1,943,681

2,092,886

2,114,750

2,006,089

2,066,231

1,647,115

1,620,144

1,545,935

1,299,771

1,195,092

1,048,750

1,002,489

925,537

810,050

725,076

664,349

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses (note 4)

63,733

57,638

63,836

45,087

56,021

79,390

72,720

50,242

69,148

62,129

-

38,934

72,635

71,111

-

55,930

55,130

78,992

96,360

149,063

120,858

119,004

145,788

172,568

160,503

168,161

121,665

96,917

76,370

62,292

72,850

62,993

64,431

51,556

27,068

Oil and gas revenue distribution payable

18,185

29,021

28,644

30,262

31,314

19,903

16,119

20,355

18,481

15,667

-

24,937

24,937

24,788

-

23,197

25,638

23,905

27,613

31,446

38,566

30,215

40,659

45,951

38,289

29,230

36,241

27,292

13,655

11,503

12,552

9,733

8,485

7,963

6,185

Lease liability (note 3)

13,198

11,690

11,103

10,593

8,429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability (note 10)

1,248

6,390

225

2,066

4,889

183

34,419

28,416

15,427

11,423

2,044

-

-

-

0

-

-

-

-

-

-

-

-

-

25,745

11,071

5,320

9,613

3,495

8,145

5,200

5,339

2,536

7,355

5,276

Contractual obligation for land acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,000

12,000

12,000

12,000

12,000

12,000

12,000

12,000

12,000

12,000

11,999

11,999

11,999

11,999

11,999

-

-

-

Predecessor credit facility - current portion (note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

191,667

-

229,333

273,333

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Notes - current portion (note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

793,410

793,168

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

96,364

104,739

103,808

88,008

100,653

99,476

123,258

99,013

103,056

89,219

-

63,871

289,239

287,566

-

1,101,870

1,147,269

114,897

135,973

192,509

171,424

161,219

198,447

230,519

236,537

220,462

175,226

145,822

105,520

93,941

102,603

90,066

75,452

66,875

38,530

Liabilities subject to compromise (note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

873,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term liabilities:
Credit facility (note 7)

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

0

1,094,085

871,666

875,699

850,006

807,313

840,619

-

508,233

508,540

508,847

338,500

300,000

-

158,000

-

-

-

-

Revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Credit facility (note 5)

59,000

80,000

-

-

65,000

50,000

0

60,000

15,000

-

-

-

-

-

-

-

-

-

-

0

11,884

11,535

11,186

10,604

22,414

22,223

22,033

-

-

-

33,271

-

-

-

-

Lease liability (note 3)

27,431

27,540

27,925

28,792

24,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank revolving credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191,500

-

122,300

62,600

21,600

6,600

Contractual obligation for land acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,842

33,652

33,461

-

33,081

-

-

-

Ad valorem taxes

37,029

28,520

21,302

34,370

25,850

18,740

25,174

19,803

15,435

11,584

-

17,919

17,919

16,694

-

10,614

6,356

20,789

17,069

13,226

19,668

33,002

28,635

29,208

19,058

24,002

18,867

18,398

12,581

12,259

11,179

7,547

6,354

5,081

3,014

Derivative liability (note 10)

204

921

28

-

0

0

6,504

4,657

3,086

2,972

772

-

-

-

0

-

-

-

-

-

-

-

-

-

7,724

997

1,203

294

-

924

1,208

820

796

3,122

2,579

Asset retirement obligations for oil and gas properties (note 9)

27,622

27,908

28,756

29,162

29,378

-

27,903

28,154

26,939

-

-

-

-

31,438

-

27,157

26,737

15,352

14,935

12,539

22,264

21,786

21,464

15,382

11,273

10,873

11,050

8,652

8,267

7,995

7,333

7,196

6,929

6,244

6,039

Asset retirement obligations for oil and gas properties held for sale (note 4)

-

-

-

-

-

-

-

5,386

5,679

-

-

-

-

-

-

0

0

10,779

10,591

10,086

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations for oil and gas properties (note 10)

-

-

-

-

-

29,405

-

-

-

38,262

-

29,061

31,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,072

129,122

154,129

165,667

192,050

161,776

161,152

152,681

137,778

126,646

117,424

110,376

100,160

98,416

84,953

79,603

Total liabilities

247,650

269,628

261,819

245,332

245,240

197,621

182,839

217,013

169,195

142,037

-

110,851

1,212,110

1,208,990

-

1,139,641

1,180,362

1,255,902

1,050,234

1,164,131

1,204,368

1,188,984

1,266,018

1,285,689

967,015

948,249

889,907

671,289

586,668

457,507

423,972

361,173

250,550

187,877

136,367

Commitments and contingencies (note 6)

-

-

-

0

-

-

0

0

0

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized, none outstanding

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 225,000,000 shares authorized, 20,655,082 and 20,643,738 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

4,284

4,284

4,284

4,285

4,286

4,286

4,286

4,286

4,286

4,286

-

204

49

49

-

49

49

49

49

49

50

50

41

41

40

40

40

40

40

40

40

40

40

39

39

Additional paid-in capital

703,351

702,173

700,552

698,526

697,688

696,461

694,238

692,434

690,076

689,068

-

679,836

816,679

816,380

-

813,351

811,497

809,161

806,386

802,866

799,534

795,618

591,511

588,794

537,135

530,088

527,752

525,637

523,361

520,895

519,425

518,321

516,878

516,083

515,412

Retained earnings

308,784

230,233

233,088

197,195

156,173

163,166

57,072

13,709

8,850

-5,020

-

0

-893,803

-890,254

-

-728,644

-693,742

-644,265

-597,028

-23,365

88,934

130,098

148,519

191,707

142,925

141,767

128,236

102,804

85,022

70,307

59,052

46,002

42,581

21,075

12,529

Total stockholders’ equity

1,016,419

936,690

937,924

900,006

858,147

863,913

755,596

710,429

703,212

688,334

-

684,121

-77,075

-73,825

-

84,756

117,804

164,945

209,407

779,550

888,518

925,766

740,071

780,542

680,100

671,895

656,028

628,482

608,424

591,243

578,517

564,364

559,500

537,198

527,981

Total liabilities and stockholders’ equity

1,264,069

1,206,318

1,199,743

1,145,338

1,103,387

1,061,534

938,435

927,442

872,407

830,371

-

794,972

1,135,035

1,135,165

-

1,224,397

1,298,166

1,420,847

1,259,641

1,943,681

2,092,886

2,114,750

2,006,089

2,066,231

1,647,115

1,620,144

1,545,935

1,299,771

1,195,092

1,048,750

1,002,489

925,537

810,050

725,076

664,349