Bonanza creek energy, inc. (BCEI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Apr'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 income (loss)

78,551

-2,855

35,893

41,022

-6,993

106,094

43,363

4,859

13,870

-5,768

4,328

-3,580

2,660

-94,276

-

-34,902

-49,477

-47,237

-573,663

-112,298

-41,165

-18,421

-43,188

48,782

1,158

13,531

25,432

17,781

14,715

11,256

13,049

3,420

21,506

8,546

-176

4,833

7,707

326

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

21,584

21,896

19,900

18,898

15,759

13,824

10,987

9,564

7,508

9,126

7,350

4,836

28,065

21,212

-

27,296

30,927

26,379

57,357

58,635

69,925

59,004

70,299

63,241

54,117

41,199

50,650

36,812

29,618

23,467

24,544

18,286

13,786

11,827

10,424

7,304

7,391

6,387

Non-cash reorganization items

-

-

-

-

-

-

-

-

-

0

0

0

-44,160

57,341

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax (benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,072

69,051

25,007

11,537

26,383

-30,274

-17,566

8,471

-69,834

11,132

9,222

7,048

10,215

1,743

13,463

5,350

-265

6,771

4,500

192

Abandonment and impairment of unproved properties

30,057

8,565

879

878

879

-138

430

2,477

2,502

-

-

-

0

0

-

0

0

10,000

573,698

166,780

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Abandonment and impairment of unproved properties

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

7,682

9,875

6,906

11,916

1,631

14,527

5,469

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Well abandonment costs and dry hole expense

-8

110

0

0

62

0

0

0

0

1

10

64

2,931

2,701

-

-61

734

232

-1,998

1,948

5,680

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

1,239

1,697

2,041

1,768

1,380

2,223

1,741

2,184

1,008

1,035

2,646

7,949

2,116

1,725

-

1,865

2,380

3,004

3,601

3,164

4,360

3,427

3,404

3,162

7,353

6,797

2,922

2,653

2,685

4,378

1,570

1,445

795

670

-

-

-

-

Non-cash lease component

-51

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

123

116

123

123

125

30

0

0

0

0

0

0

374

0

-

426

1,671

608

588

466

703

523

556

490

287

255

385

455

446

219

198

36

175

288

301

255

245

201

Accretion of contractual obligation for land acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

116

349

349

582

190

191

190

190

190

191

190

-

-

-

-

-

-

-

-

Derivative (gain) loss

100,419

-21,668

12,894

8,173

-36,544

77,103

-16,078

-22,012

-8,742

-12,603

-2,762

0

0

0

-

2,206

-12,923

-1,007

5,286

37,894

-5,478

18,856

106,854

50,846

-27,307

-8,778

1,971

-16,890

7,563

-5,116

-

-

-

-

-

-

-

-

Derivative cash settlements

11,254

-2,075

3,373

-543

936

1,784

-8,322

-7,310

-4,312

-1,464

0

0

0

0

-

4,348

3,893

7,508

42,624

37,717

15,189

35,466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Valuation (increase) decrease in commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,007

15,368

-3,375

-

8,268

4,282

-5,454

Gain on sale of properties, net

0

1,483

0

-1,432

1,126

604

26,720

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-891

-117

-184

6,514

-

-

-

-

-

-

-

-

-

-

-

-

Inventory write-offs

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

4,240

-4,459

-1

1

900

3,559

172

0

-172

-4

-2

-5

-18

-383

-

-239

-4

116

-1,146

-326

16

27

0

-2

12

2

-

-

-

-73

-98

-67

41

-45

132

-132

38

1

Accounts receivable, net

-19,182

740

17,037

-8,852

-6,237

4,165

22,447

4,618

15,758

2,450

8,447

-6,420

6,640

3,814

-

-6,027

-371

-23,044

-6,977

-9,934

-2,021

-16,298

-2,461

-8,548

19,664

12,721

-5,766

22,738

2,431

6,912

2,585

5,341

-1,730

14,542

5,651

1,841

3,671

547

Prepaid expenses and other assets

-1,100

1,235

477

263

440

-1,231

-48

2,467

-3,402

1,899

350

-270

-963

536

-

-301

-274

1,622

-7,450

-2,342

-525

1,873

8,598

-289

-62

2,637

-668

-93

-552

-81

1,516

-384

-74

106

982

46

-213

348

Accounts payable and accrued liabilities

-9,768

11,535

27,618

-683

-10,150

10,255

10,587

-323

-566

3,440

7,428

-19,338

-5,880

31,092

-

5,205

-25,316

-3,141

-11,750

11,149

-21,073

-1,981

-7,741

14,019

8,777

20,337

16,936

35,338

3,691

-5,068

15,619

3,767

1,150

2,230

5,462

2,418

-438

-1,445

Settlement of asset retirement obligations

610

687

860

583

592

544

700

132

665

231

477

459

331

176

-

398

34

41

89

259

234

285

-

-

-

-

146

0

-24

-49

-15

0

-145

-0

-16

-58

-48

-32

Net cash provided by operating activities

47,994

61,639

58,560

62,727

41,721

49,576

24,873

26,246

15,903

16,155

15,252

-3,833

-19,884

15,652

-

15,822

-11,775

26,531

52,499

74,706

31,262

67,556

63,996

117,993

80,285

77,684

115,893

100,294

51,029

39,799

64,988

36,258

38,704

17,685

23,293

15,506

11,640

10,186

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

284

1,119

1,230

10,376

1,362

963

634

1,197

98

309

92

4,982

445

439

-

103

284

532

2,668

1,688

532

11,382

683

175,792

1,889

1,202

2,828

2,617

7,418

934

1,110

12,255

259

294

426

605

731

46

Exploration and development of oil and gas properties

26,225

58,368

72,721

74,895

36,503

107,411

65,338

53,818

37,664

34,029

37,442

4,913

5,123

3,425

-

4,738

7,881

34,872

64,787

78,025

128,806

154,300

192,618

172,696

152,055

123,835

111,150

143,996

98,355

64,334

97,969

80,411

75,481

27,464

42,276

45,641

34,212

12,053

Proceeds from sale of oil and gas properties

0

604

0

0

1,153

0

103,114

0

20

0

0

0

0

-

-

-

-

-

-

-

-

-

700

0

0

6,000

-

-

-

-

-

-

-

-

-

-

-

-

Natural gas plant capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

1

10

77

194

743

472

712

3,275

3,778

5,498

263

6,246

4,623

6,921

5,788

5,353

Derivative cash settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

994

5,915

2,227

1,463

6,874

1,486

1,507

-

-

-

-

-

-

-

-

Proceeds from note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

986

Operating bonds

-

-

-

-

-

-

-

-

-

-

-

-

-

-118

-

5,172

2

2,533

-61

-2,926

0

0

-

-

-

-

-

-

-

-

-0

-20

-371

139

-

-

-

-

Additions to property and equipment - non oil and gas

362

49

144

72

76

47

60

177

103

207

506

161

454

201

-

145

8

-47

419

1,741

-841

1,490

818

1,462

3,151

838

1,443

1,069

1,240

1,386

903

734

873

595

723

271

148

65

Net cash used in investing activities

-26,871

-58,932

-74,095

-85,343

-36,788

-108,421

37,082

-55,192

-37,845

-34,545

-38,040

-10,056

-6,022

-3,947

-

-10,158

-20,175

-37,890

-66,376

-90,528

-128,385

-167,284

-185,833

-354,736

-174,367

-122,296

-117,627

-167,028

-109,132

-71,436

-100,362

-93,667

-76,506

-34,739

-51,075

-53,439

-40,880

-16,531

Cash flows from financing activities:
Proceeds from credit facility

15,000

-

-

-

15,000

-

-

-

-

0

0

0

0

0

-

0

0

209,000

22,000

28,000

43,000

44,000

-

-

-

-

30,000

38,500

0

33,500

35,700

59,700

41,000

15,000

-37,800

42,700

31,300

71,900

Payments to credit facility

36,000

-

-

-

0

-

-

-

-

0

0

0

191,667

-

-

-

-

-

12,000

2,000

0

77,000

-

-

-

-

-

-

-

-

-

-

-

-

87,700

3,400

2,000

63,800

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

0

0

0

207,500

-

-

-

-

-

8

0

0

209,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Offering costs related to sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

13

115

6,492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Offering costs related to sale of Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6

74

19

203

6,590

137

140

-

-

-

-

-

-

-

-

-

-

-

-

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

61

-

-

930

153

0

69

794

0

0

318

2,080

427

335

-

10

44

229

90

145

321

2,127

688

553

305

4,461

937

376

219

2,908

-

-

-

-

-

-

-

-

Principal payments on finance lease obligations

10

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

79

83

154

26

28

541

4

306

51

264

26

366

33

-6

52

433

50

592

35

-745

1,214

827

986

Net cash provided by (used in) financing activities

-21,071

-70

14,757

-930

14,847

47,761

-59,937

45,174

15,000

0

-318

-2,080

15,406

-335

-

-42,405

-16,478

208,617

9,892

25,808

41,949

167,658

31,803

292,806

-706

-4,627

164,947

38,018

101,017

30,540

34,796

59,649

40,407

14,964

29,718

38,085

28,472

7,113

Net change in cash, cash equivalents, and restricted cash

52

2,637

-778

-23,546

19,780

-11,084

2,018

16,228

-6,942

-18,390

-23,106

-15,969

-10,500

11,370

-

-36,741

-48,428

197,258

-3,985

9,986

-55,174

67,930

-90,034

56,063

-94,788

-49,239

163,213

-28,716

42,914

-1,097

-577

2,240

2,605

-2,089

-

-

-

768

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

246

959

1,961

529

661

562

1,114

644

262

68

262

193

3,509

3,484

-

10,682

19,053

9,500

17,807

9,363

17,502

9,894

17,806

662

17,393

464

10,005

534

852

1,469

1,689

712

268

243

1,224

933

334

609

Severance and ad valorem tax refund

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance and ad valorem tax refund

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for reorganization items

-

-

-

-

-

-

-

-

-

-918

0

918

52,968

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in working capital related to drilling expenditures

-13,532

9,762

29,355

-3,053

-5,710

-5,692

15,552

-12,341

14,250

6,732

583

8,742

3,360

4,404

-

-2,490

-11,248

-14,214

-40,944

3,494

17,945

-30,880

-24,903

15,856

-12,318

23,238

17,207

4,665

12,861

-5,460

687

-2,720

13,475

26,102

-4,580

9,440

2,601

2,092

Cash paid for amounts included in the measurement of lease liabilities

-

-

-

-

-

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current Credit Facility
Proceeds from Credit Facility

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prior Credit Facility
Proceeds from Credit Facility

-

-

-

-

-

-

-

45,000

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-