Bonanza creek energy, inc. (BCEI)
Income statement / 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
Oil and gas sales

60,405

79,667

75,176

85,783

72,594

66,212

74,380

71,872

64,193

50,189

45,232

28,114

68,589

52,559

-

49,325

54,530

44,174

57,032

72,149

90,422

73,076

123,185

156,371

151,682

127,395

133,063

125,973

84,517

78,307

73,591

58,327

51,455

47,830

33,444

25,915

24,151

22,212

Operating expenses:
Lease operating expense

5,699

6,737

6,696

6,390

5,426

5,099

7,951

11,316

10,459

-

9,643

-

13,128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease operating expense

-

-

-

-

-

-

-

-

-

-

-

6,153

-

9,925

-

9,893

10,737

13,298

12,741

17,155

18,169

16,973

6,567

18,217

18,018

17,082

10,784

12,958

12,898

11,131

8,188

8,444

6,954

7,107

5,273

4,686

3,679

4,614

Gas plant and midstream operating expense

-

-

-

-

-

-

-

-

-

-

-

1,762

-

2,705

-

2,874

3,535

3,789

3,270

3,081

2,726

2,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gathering, transportation and processing

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance and ad valorem taxes

5,173

6,901

6,738

7,711

4,248

1,210

6,485

6,071

5,233

4,748

2,434

2,408

5,671

4,319

-

4,100

4,277

3,154

5,574

2,411

4,148

6,496

8,084

15,334

16,263

10,749

8,953

8,086

5,352

4,812

4,286

3,021

2,769

3,595

2,126

1,342

1,396

1,052

Exploration

-

-

33

408

-

-

-6

221

29

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exploration

373

-

-

-

97

-

-

-

-

-

-

359

3,699

3,407

-

0

677

266

2,602

6,979

5,748

498

876

3,291

96

1,083

690

2,099

862

562

1,151

6,359

2,014

1,190

310

18

22

525

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

41,132

50,546

36,750

29,517

23,363

24,450

17,715

13,034

11,001

8,672

6,329

6,624

6,387

Abandonment and impairment of unproved properties

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

7,682

9,875

6,906

11,917

1,630

14,527

5,469

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Abandonment and impairment of unproved properties

30,057

8,565

879

878

879

-138

430

2,477

2,502

-

0

-

0

0

-

0

0

10,000

573,698

166,780

0

0

-

0

-

-

-

-

-

-

-

268

-

-

-

623

-

-

Bad debt expense

576

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unused commitments

-

-

-

-

-

-

-

-

-

-

-

0

-

-993

-

-1,688

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unused commitments

-

-

0

0

-

42

0

0

-21

-

-

-

993

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense (including $1,239 and $1,380, respectively, of stock-based compensation)

9,429

9,667

9,920

9,803

10,278

12,104

10,899

9,917

9,533

11,356

15,181

16,139

15,092

12,094

-

18,671

13,235

17,685

14,027

17,818

21,602

16,872

18,496

14,814

24,547

23,714

15,242

13,811

13,283

13,166

8,994

9,335

7,110

5,964

8,496

4,179

2,698

2,238

Total operating expenses

80,386

61,644

51,860

51,128

43,030

36,810

41,744

44,473

41,236

41,996

37,873

31,657

70,189

54,655

-

72,204

73,263

81,477

681,186

274,489

136,845

107,603

284,441

114,897

113,041

93,760

86,215

73,704

61,912

53,034

47,414

45,145

31,883

28,859

24,879

17,179

14,420

14,818

Income from operations

-

-

-

34,655

-

-

-

27,399

22,957

-

7,359

-3,543

-

-2,096

-

-22,879

-18,733

-37,303

-624,154

-202,340

-46,423

-34,527

-161,256

41,474

38,641

33,635

46,848

52,269

22,605

25,273

26,176

13,182

19,571

18,971

8,565

8,735

9,730

7,394

Other income (expense):
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

1,972

-16,890

7,562

-5,116

-

-

-

-

-

-

-

-

Interest expense, net

-217

-

-322

-

-1,151

-

-608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

385

-

-

-

805

357

313

265

195

5,656

4,568

-

15,142

16,527

14,547

14,273

14,073

14,468

14,238

14,450

13,228

9,434

9,335

7,959

6,180

5,870

1,963

1,791

1,125

654

561

1,330

1,121

852

712

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42,720

48,854

1,271

9,577

25,501

17,925

14,883

11,273

13,255

1,644

21,193

8,477

-

6,831

7,537

-

Loss from operations associated with oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-85

-109

-234

-274

-27

-135

-1,410

508

110

-

-3,754

270

-

Gain on sale of oil and gas properties

0

1,483

0

-1,432

1,126

604

26,720

0

0

-

0

-

0

-

-

0

0

-

0

0

0

0

-717

-117

-184

6,514

-

-

-

-

-

4,279

-

-

-

-

-

-

Reorganization items, net (note 15)

-

-

-

-

-

-

-

-

-

-

-

-

8,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization items, net (note 2)

-

-

-

-

-

-

-

-

-

-

0

0

-

89,003

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on termination fee

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

6,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

-1,670

99

5

11

12

-182

693

277

12

-1,421

-4

158

1,108

1,391

-

913

-1,294

-380

-575

-2,077

198

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

167

51

-

-53

-86

137

-49

-90

45

-37

-9

-3

-165

67

Unrealized gain (loss) in fair value of commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,007

15,368

-3,375

-

8,268

4,282

-5,454

Realized (loss) on settled commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-92

130

-1,211

-

-

-

-

Loss in fair value of commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-519

-1,057

-775

Total other income (expense)

98,532

-20,878

12,577

6,367

-36,557

76,692

10,727

-22,540

-9,087

-14,337

-3,031

-37

4,260

-92,180

-

-12,023

-30,744

-9,934

-9,562

21,744

-19,748

4,569

92,350

37,799

-36,574

-18,062

-6,028

-23,123

1,606

-6,942

-2,727

-10,316

14,889

-5,186

-8,881

6,623

2,206

-6,875

Income (loss) from operations before taxes

78,551

-2,855

35,893

41,022

-6,993

106,094

43,363

4,859

13,870

-6,144

4,328

-3,580

2,660

-94,276

-

-34,902

-49,477

-47,237

-633,716

-180,596

-66,171

-29,958

-68,906

79,273

2,067

15,573

40,820

29,146

24,211

18,331

23,448

2,866

34,461

13,785

-316

15,359

11,937

518

Current income tax benefit (expense) (note 9)

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-249

-45

-71

2,475

-40

-90

-106

-10

-18

1,092

195

42

-

-1,756

100

-

Gain from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-468

-72

-113

3,954

-69

-144

-168

-17

-205

1,776

312

68

-

-1,998

170

-

Income tax benefit (expense)

0

-

0

0

0

-

0

0

0

-

0

0

-

0

-

0

0

0

-

-68,297

-25,007

-11,537

-

30,419

796

5,996

-

11,221

9,328

7,058

-

1,222

13,267

5,307

-

8,527

4,400

192

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

-112,299

-41,164

-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

Comprehensive 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

-112,299

-41,164

-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

-

-

-

-

Basic income (loss) per common share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.18

-

0.24

-

0.44

-

-

-

-

-

-

-

-

-

-

Basic income per common share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

-

0.00

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

3.80

-0.14

1.74

1.99

-0.34

5.17

2.11

0.24

0.68

-0.28

0.21

-0.18

0.05

-1.91

-

-

-1.00

-0.96

-

-

-0.83

-0.41

-

1.18

-

0.34

-

0.44

-

-

-

-

-

-

-

-

-

-

Diluted income (loss) per common share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.18

-

0.24

-

0.44

-

-

-

-

-

-

-

-

-

-

Diluted income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

-

0.00

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

3.80

-0.15

1.74

1.99

-0.34

5.14

2.10

0.24

0.68

-0.28

0.21

-0.18

0.05

-1.91

-

-

-1.00

-0.96

-

-

-0.83

-0.41

-

1.18

-

0.34

-

0.44

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares outstanding:
Income (loss) from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

0.37

0.28

-

0.04

0.53

0.22

-

0.23

0.25

-

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

-

-

0.05

0.01

-

-

-0.06

0.01

-

Basic and diluted net loss per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.71

-

-

-

-2.25

-

-

-

-

0.03

-

-

-

0.36

0.28

-

0.09

0.54

0.22

-

0.17

-

0.01

Basic (in shares)

20,649

20,639

20,634

20,618

20,557

20,545

20,541

20,488

20,454

20,473

20,439

20,369

49,559

49,452

-

49,324

49,277

49,131

49,091

48,962

48,923

44,520

40,636

40,556

39,758

39,605

78,719

39

39,335

39,253

-

39,477

-

-

29,928

29,122

29,122

29,122

Diluted (in shares)

20,684

20,825

20,678

20,664

20,557

20,708

20,631

20,603

20,470

20,465

20,447

20,369

50,971

49,452

-

-

49,277

49,131

-

-

48,923

44,520

40,833

40,708

39,857

39,761

78,937

39

39,350

39,285

-

39,477

-

-

29,928

29,122

29,122

29,122

Current income taxes

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK-BASIC AND DILUTED

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,474

39,477

-

-

-

-

Midstream operating expense
Operating expenses

4,014

3,713

3,271

2,709

2,321

1,679

2,249

3,247

3,613

-

-

-

3,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gathering, transportation, and processing
Operating expenses

3,481

3,906

4,423

4,331

4,022

2,985

2,749

1,660

2,338

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-