CENTENNIAL RESOURCE DEVELOPMENT, INC. CDEV Cash Flow

Centennial resource development, inc. (CDEV)

CashFlow / TTM

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)
-525,394	16,414	39,560	84,947	133,427	212,736	213,318	187,904	143,620	83,555	41,180	24,395	1,229	-9,444	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization
448,943	444,243	423,475	394,178	357,010	326,462	283,160	242,124	201,478	161,628	117,724	0	0	0	-	-	-
Share-based Goods and Nonemployee Services Transaction, Modification of Terms, Incremental Compensation Cost
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Stock-based compensation expense
28,923	28,997	27,692	24,923	22,820	20,670	18,668	17,152	15,482	13,759	10,753	0	0	0	-	-	-
Impairment and abandonment expense
627,281	47,245	43,167	45,034	42,400	11,136	0	0	0	-	-	-	-	0	-	-	-
Non-cash transaction cost
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Exploratory dry hole costs
-	-	-	-	-	528	6,053	6,053	5,879	5,658	0	0	0	0	-	-	-
Deferred tax benefit
-75,148	5,797	13,769	24,028	38,040	59,440	63,357	59,938	49,067	29,930	17,302	0	0	0	-	-	-
Net (gain) loss on sale of long-lived assets
-610	-857	534	608	458	475	1,506	1,313	8,645	8,796	7,240	0	0	0	-	-	-
Non-cash portion of derivative (gain) loss
1,136	4,094	-5,867	-34,044	-18,250	-5,274	1,258	18,409	9,131	5,805	2,524	0	0	0	-	-	-
Amortization of debt issuance costs and discount
3,148	2,861	2,561	2,230	1,882	1,749	1,797	1,479	1,173	887	418	0	0	0	-	-	-
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable
-49,636	10,098	62,445	39,065	22,154	33,001	33,708	39,673	63,965	43,553	29,155	0	0	0	-	-	-
(Increase) decrease in prepaid and other assets
1,940	1,882	2,111	1,616	1,366	1,168	-8,750	3,622	3,713	4,088	13,982	1,230	1,611	1,257	0	0	0
Increase (decrease) in accounts payable and other liabilities
9,040	33,833	69,057	58,075	49,055	66,660	48,436	37,263	41,280	26,772	12,113	0	0	0	-	-	0
Net cash provided by operating activities
563,963	564,173	560,191	626,303	639,213	670,011	617,463	490,680	372,496	259,918	146,560	101,509	27,471	8,235	0	0	0
Cash flows from investing activities:
Trust income retained in Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Acquisition of oil and natural gas properties
83,813	103,709	170,989	147,584	136,451	212,513	130,946	137,496	498,622	435,547	1,269,113	0	0	0	-	-	-
Drilling and development capital expenditures
799,890	855,153	920,087	967,150	964,852	998,242	942,919	845,039	762,761	574,334	378,622	0	0	0	-	-	-
Purchases of other property and equipment
7,605	8,857	9,856	7,057	6,033	6,058	5,848	5,728	5,545	4,921	4,283	0	0	0	-	-	-
Proceeds withdrawn from trust account
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Acquisition of Centennial Resource Production, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Proceeds from sales of oil and natural gas properties
10,221	34,730	29,114	27,978	38,377	148,149	159,195	157,911	154,459	22,496	10,714	0	0	0	-	-	-
Net cash used in investing activities
-881,087	-932,989	-1,071,818	-1,093,813	-1,068,959	-1,068,664	-920,518	-830,352	-1,112,469	-992,306	-2,516,487	-2,344,761	-1,848,090	-2,249,733	0	0	0
Cash flows from financing activities:
Issuance of Class A common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Issuance of Preferred Series B Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Underwriting discount and offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Payment of deferred underwriting compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Cash deposited into trust account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from borrowings under revolving credit facility
660,000	595,000	525,000	515,000	520,000	475,000	380,000	340,000	360,000	275,000	190,000	0	0	0	-	-	-
Repayment of borrowings under revolving credit facility
425,000	720,000	545,000	545,000	520,000	175,000	405,000	345,000	360,000	275,000	25,000	0	0	0	-	-	-
Proceeds from issuance of Senior Notes
0	496,175	496,175	496,175	496,175	0	0	0	0	-	-	-	-	0	-	-	-
Debt issuance costs
502	7,200	8,140	8,313	10,949	5,157	13,274	13,101	10,341	9,472	1,530	0	0	0	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	982	1,724	1,452	1,041	877	0	0	0	0	-	-	-
Restricted stock used for tax withholdings
955	1,038	1,457	1,740	1,764	1,665	1,763	901	836	644	0	0	0	0	-	-	-
Financing obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Net cash provided by financing activities
233,543	362,937	466,713	456,529	484,280	294,160	361,629	382,392	723,323	724,220	2,372,370	2,242,472	1,873,779	2,375,474	0	0	0
Net decrease in cash and cash equivalents and restricted cash
-83,581	-5,879	-44,914	-10,981	54,534	-104,493	58,574	42,720	-16,650	-8,168	2,443	-778	53,159	133,977	0	0	0
Supplemental cash flow information
Cash paid for interest
46,672	48,905	30,682	32,926	32,710	18,284	17,952	4,714	4,838	4,280	2,149	0	0	0	-	-	-
Cash used in operating activities
14,526	16,774	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in investing activities
17,242	20,905	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental non-cash activity
Accrued capital expenditures included in accounts payable and accrued expenses
69,259	97,090	141,886	150,588	143,781	119,492	122,172	143,540	174,326	126,480	167,369	0	0	0	-	-	-
Asset retirement obligations incurred, including revisions to estimates
2,411	2,262	1,486	1,506	1,472	1,451	4,068	4,054	4,013	4,044	1,202	0	0	0	-	-	-
Right-of-use assets recognized (derecognized) with offsetting operating lease liabilities
-381	34,833	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Cash and Cash Equivalents [Abstract]
Proceeds from Public Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from sale of Private Placement Warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payment of underwriting discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payment of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from Sponsor note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payment of Sponsor note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0