CENTENNIAL RESOURCE DEVELOPMENT, INC. CDEV Cash Flow

Centennial resource development, inc. (CDEV)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Cash flows from operating activities:
Net income (loss)
-550,345	9,662	-3,713	19,002	-8,537	32,808	41,674	67,482	70,772	33,390	16,260	23,198	10,707	-8,985	-524	31	32
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization
101,258	122,851	112,720	112,114	96,558	102,083	83,423	74,946	66,010	58,781	42,387	34,300	26,160	14,877	-	-	-
Share-based Goods and Nonemployee Services Transaction, Modification of Terms, Incremental Compensation Cost
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Stock-based compensation expense
6,409	7,646	8,110	6,758	6,483	6,341	5,341	4,655	4,333	4,339	3,825	2,985	2,610	1,333	-	-	-
Impairment and abandonment expense
611,300	4,818	6,745	4,418	31,264	740	8,612	1,784	0	-	-	-	-	0	-	-	-
Non-cash transaction cost
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Exploratory dry hole costs
-	-	-	-	-	133	0	174	221	5,658	0	0	0	0	-	-	-
Deferred tax benefit
-83,208	739	1,393	5,928	-2,263	8,711	11,652	19,940	19,137	12,628	8,233	9,069	0	0	-	-	-
Net (gain) loss on sale of long-lived assets
245	-842	-22	9	-2	549	52	-141	15	1,580	-141	7,191	166	24	-	-	-
Non-cash portion of derivative (gain) loss
-8,452	4,108	9,740	-4,260	-5,494	-5,853	-18,437	11,534	7,482	679	-1,286	2,256	4,156	-2,602	-	-	-
Amortization of debt issuance costs and discount
799	791	783	775	512	491	452	427	379	539	134	121	93	70	-	-	-
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable
-41,026	-37,673	25,020	4,043	18,708	14,674	1,640	-12,868	29,555	15,381	7,605	11,424	9,143	983	-	-	-
(Increase) decrease in prepaid and other assets
263	887	841	-51	205	1,116	346	-301	7	-8,802	12,718	-210	382	1,092	-33	170	27
Increase (decrease) in accounts payable and other liabilities
-34,365	-729	14,222	29,912	-9,572	34,495	3,240	20,892	8,033	16,271	-7,933	24,909	-6,475	1,612	-	-	7
Net cash provided by operating activities
100,818	179,298	104,681	179,166	101,028	175,316	170,793	192,076	131,826	122,768	44,010	73,892	19,248	9,410	-1,040	-146	12
Cash flows from investing activities:
Trust income retained in Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	252	234	62
Acquisition of oil and natural gas properties
5,795	30,363	31,082	16,573	25,691	97,643	7,677	5,440	101,753	16,076	14,227	366,566	38,678	849,642	-	-	-
Drilling and development capital expenditures
161,895	210,208	207,033	220,754	217,158	275,142	254,096	218,456	250,548	219,819	156,216	136,178	62,121	24,107	-	-	-
Purchases of other property and equipment
486	650	3,944	2,525	1,738	1,649	1,145	1,501	1,763	1,439	1,025	1,318	1,139	801	-	-	-
Proceeds withdrawn from trust account
-	-	-	-	-	-	-	-	-	-	-	-	-	500,561	-	-	-
Acquisition of Centennial Resource Production, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	1,375,744	-	-	-
Proceeds from sales of oil and natural gas properties
1,200	6,352	2,459	210	25,709	736	1,323	10,609	135,481	11,782	39	7,157	3,518	0	-	-	-
Net cash used in investing activities
-166,976	-234,869	-239,600	-239,642	-218,878	-373,698	-261,595	-214,788	-218,583	-225,552	-171,429	-496,905	-98,420	-1,749,733	296	-234	-500,062
Cash flows from financing activities:
Issuance of Class A common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	1,540,556	-	-	-
Issuance of Preferred Series B Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	379,494	-	-	-
Underwriting discount and offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	27,104	-	-	-
Payment of deferred underwriting compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	17,500	-	-	-
Cash deposited into trust account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500,000
Proceeds from borrowings under revolving credit facility
195,000	250,000	190,000	25,000	130,000	180,000	180,000	30,000	85,000	85,000	140,000	50,000	0	0	-	-	-
Repayment of borrowings under revolving credit facility
135,000	195,000	70,000	25,000	430,000	20,000	70,000	0	85,000	250,000	10,000	15,000	0	0	-	-	-
Proceeds from issuance of Senior Notes
0	0	0	0	496,175	0	0	0	0	-	-	-	-	0	-	-	-
Debt issuance costs
0	0	0	502	6,698	940	173	3,138	906	9,057	0	378	37	1,115	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	135	272	411	164	877	0	0	0	0	-	-	-
Restricted stock used for tax withholdings
208	127	579	41	291	546	862	65	192	644	0	0	0	0	-	-	-
Financing obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	63	-	-	-
Net cash provided by financing activities
59,792	54,873	119,421	-543	189,186	158,649	109,237	27,208	-934	226,118	130,000	368,139	-37	1,874,268	102	-554	501,658
Net decrease in cash and cash equivalents and restricted cash
-6,366	-698	-15,498	-61,019	71,336	-39,733	18,435	4,496	-87,691	123,334	2,581	-54,874	-79,209	133,945	-640	-935	1,608
Supplemental cash flow information
Cash paid for interest
12,977	20,920	12,186	589	15,210	2,697	14,430	373	784	2,365	1,192	497	226	234	-	-	-
Cash used in operating activities
2,657	-34	5,321	6,582	4,905	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in investing activities
2,019	6,959	4,040	4,224	5,682	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental non-cash activity
Accrued capital expenditures included in accounts payable and accrued expenses
108,282	-23,148	-8,569	-7,306	136,113	21,648	133	-14,113	111,824	24,328	21,501	16,673	63,978	65,217	-	-	-
Asset retirement obligations incurred, including revisions to estimates
413	1,187	361	450	264	411	381	416	243	3,028	367	375	274	186	-	-	-
Right-of-use assets recognized (derecognized) with offsetting operating lease liabilities
-829	-853	419	882	34,385	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Cash and Cash Equivalents [Abstract]
Proceeds from Public Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500,000
Proceeds from sale of Private Placement Warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	12,000
Payment of underwriting discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,000
Payment of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	554	191
Proceeds from Sponsor note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	150
Payment of Sponsor note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	300