Bonanza creek energy, inc. (BCEI)
CashFlow / Yearly
Dec'19Dec'18Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Cash flows from operating activities:
Net income (loss)

67,067

168,186

-

-745,547

20,283

69,184

46,523

12,691

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, and amortization

76,453

41,883

-

244,921

228,856

140,547

68,445

31,507

Non-cash reorganization items

0

0

-

-

-

-

-

-

Deferred income tax (benefit)

-

-

-

165,667

-12,986

-42,432

30,772

11,198

Abandonment and impairment of unproved properties

11,201

5,271

-

740,478

167,592

0

2,259

4,067

Abandonment and impairment of unproved properties

-

-

-

33,543

0

0

-

-

Well abandonment costs and dry hole expense

172

0

-

5,630

0

1,709

-

-

Stock-based compensation

6,886

7,156

-

14,552

20,716

12,638

4,483

4,436

Non-cash lease component

668

-

-

-

-

-

-

-

Amortization of deferred financing costs

487

30

-

2,280

1,588

1,505

700

1,004

Accretion of contractual obligation for land acquisition

-

-

-

814

1,153

761

317

-

Derivative (gain) loss

-37,145

30,271

-

56,558

121,615

-12,472

924

-2,798

Derivative cash settlements

1,691

-18,160

-

130,996

12,238

-

-

-

Abandoned lease

-

-

-

-

-

-

8,379

-

Gain on sale of properties, net

1,177

27,324

0

0

5,322

0

4,192

-

Inventory write-offs

0

248

-

0

0

-

-

-

Other

-3,559

3,559

-

-1,429

12

8

-169

40

Changes in current assets and liabilities:
Accounts receivable, net

2,688

46,988

-

-35,230

21,376

26,315

20,738

11,712

Prepaid expenses and other assets

2,415

-2,214

-

-8,444

10,884

-1,394

1,164

1,164

Accounts payable and accrued liabilities

28,320

19,953

-

-23,655

35,392

50,897

22,769

5,996

Excess income tax benefit from the vesting of stock awards

-

-

-

-

-

128

-

-

Settlement of asset retirement obligations

2,722

2,041

-

867

1,637

73

-162

-155

Net cash provided by operating activities

224,647

116,598

-

226,023

339,958

307,015

157,636

60,627

Cash flows from investing activities:
Acquisition of oil and gas properties

14,087

2,892

-

16,270

179,566

13,797

13,920

1,809

Exploration and development of oil and gas properties

242,487

264,231

-

425,918

641,204

417,835

281,327

134,183

Deposits for acquisitions

-

-

-

-1,549

1,549

0

-

-

Proceeds from sale of oil and gas properties

1,757

103,134

0

0

6,700

0

9,337

-

Payments of contractual obligation

-

-

-

12,000

12,000

12,000

-

-

Natural gas plant capital expenditures

-

-

-

112

282

5,202

15,788

22,687

Derivative cash settlements

-

-

-

-

-

11,330

725

3,024

Proceeds from note receivable

-

-

-

-

-

-

-

986

Operating bonds

-

-

-

-2,987

3,062

-79

-253

-

Additions to property and equipment - non oil and gas

341

387

-

2,809

6,269

5,138

3,107

1,208

Net cash used in investing activities

-255,158

-164,376

-

-452,573

-837,232

-465,223

-305,277

-161,926

Cash flows from financing activities:
Proceeds from credit facility

55,000

140,000

-

137,000

263,000

102,000

151,400

108,100

Payments to credit facility

25,000

90,000

-

91,000

230,000

260,000

-

156,900

Proceeds from sale of common stock

0

0

-

209,308

0

0

-

-

Proceeds from exercise of stock options

0

1,100

-

-

-

-

-

-

Offering costs related to sale of common stock

-

-

-

6,620

0

0

3

-

Proceeds from sale of Bonanza Creek Energy, Inc. Common stock

-

-

-

-

-

-

-

155,878

Proceeds from sale of Senior Notes

-

-

-

0

300,000

500,000

-

-

Offering costs related to sale of Senior Notes

-

-

-

99

7,070

11,721

-

-

Payment of employee tax withholdings in exchange for the return of common stock

1,176

863

-

2,683

6,007

4,440

467

1,405

Deferred financing costs

220

2,239

-

599

647

445

1,111

2,284

Premium on Senior Notes

-

-

-

-

-

9,000

-

-

Excess income tax benefit from the vesting of stock awards

-

-

-

-

-

128

-

-

Net cash provided by (used in) financing activities

28,604

47,998

-

245,307

319,276

334,522

149,819

103,389

Net change in cash, cash equivalents, and restricted cash

-1,907

220

-

18,757

-177,998

176,314

2,178

2,089

Supplemental cash flow disclosure
Cash paid for interest, net of capitalization

4,110

2,582

-

54,566

36,325

12,860

2,914

3,101

Severance and ad valorem tax refund

352

0

-

-

-

-

-

-

Severance and ad valorem tax refund

352

0

-

-

-

-

-

-

Stock issued for the acquisition of oil and gas properties

-

-

-

0

49,050

0

-

-

Stock issued for litigation settlement

-

-

-

326

0

0

-

-

Cash paid for income taxes

-

-

-

820

1,400

100

400

-

Contractual obligation for land acquisition

-

-

-

12,000

22,033

33,272

45,272

-

Cash paid for reorganization items

0

0

-

-

-

-

-

-

Changes in working capital related to drilling expenditures

30,354

11,769

-

-50,385

1,873

29,273

37,545

9,555

Cash paid for amounts included in the measurement of lease liabilities

10,993

0

-

-

-

-

-

-

Predecessor
Net Income (Loss) Available to Common Stockholders, Basic

-

-

-198,950

-

-

-

-

-

Depreciation, depletion and amortization

-

-

111,215

-

-

-

-

-

Non-cash reorganization items

-

-

0

-

-

-

-

-

Impairment of oil and gas properties

-

-

10,000

-

-

-

-

-

Abandonment and impairment of unproved properties

-

-

24,692

-

-

-

-

-

Well abandonment costs and dry hole expense

-

-

872

-

-

-

-

-

Share-based Compensation

-

-

8,892

-

-

-

-

-

Amortization of deferred financing costs and debt premium

-

-

3,180

-

-

-

-

-

Derivative, Gain (Loss) on Derivative, Net

-

-

-11,234

-

-

-

-

-

Derivative cash settlements

-

-

18,333

-

-

-

-

-

Gain (Loss) on Disposition of Oil and Gas Property

-

-

0

-

-

-

-

-

Inventory write-offs

-

-

4,390

-

-

-

-

-

Other

-

-

323

-

-

-

-

-

Accounts receivable

-

-

-35,282

-

-

-

-

-

Prepaid expenses and other assets

-

-

1,838

-

-

-

-

-

Increase (Decrease) in Accounts Payable and Accrued Liabilities

-

-

-11,616

-

-

-

-

-

Settlement of asset retirement obligations

-

-

800

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

14,563

-

-

-

-

-

Acquisition of oil and gas properties

-

-

98

-

-

-

-

-

Exploration and development of oil and gas properties

-

-

52,344

-

-

-

-

-

Payments of contractual obligation

-

-

12,000

-

-

-

-

-

Operating bonds

-

-

2,672

-

-

-

-

-

Additions to property and equipment - non oil and gas

-

-

346

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-

-

-67,460

-

-

-

-

-

Proceeds from credit facility

-

-

209,000

-

-

-

-

-

Payments to credit facility

-

-

96,333

-

-

-

-

-

Proceeds from sale of common stock

-

-

0

-

-

-

-

-

Proceeds from exercise of stock options

-

-

0

-

-

-

-

-

Payment of employee tax withholdings in exchange for the return of common stock

-

-

289

-

-

-

-

-

Deferred financing costs

-

-

316

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

112,062

-

-

-

-

-

Net change in cash, cash equivalents, and restricted cash

-

-

59,165

-

-

-

-

-

Cash paid for interest

-

-

58,900

-

-

-

-

-

Reorganization Items

-

-

0

-

-

-

-

-

Changes in working capital related to exploration, development and acquisition of oil and gas properties

-

-

-30,044

-

-

-

-

-