Cabot oil & gas corporation (COG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

681,070

557,043

100,393

-417,124

-113,891

104,468

279,773

131,730

122,408

103,386

148,343

211,290

167,423

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

405,733

417,479

568,817

590,128

622,211

632,760

651,052

451,405

343,141

327,083

251,260

226,915

143,951

Impairment of oil and gas properties

0

0

482,811

435,619

114,875

771,037

0

0

-

40,903

17,622

35,700

19,042

Impairment of Oil & Gas Properties and Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

4,614

Deferred income tax expense

244,418

229,603

-321,113

-230,707

-72,968

-112,567

138,380

80,929

74,744

61,809

101,815

120,851

95,152

(Gain) loss on sale of assets

-1,500

-16,300

-11,600

-1,900

3,866

17,120

21,351

50,635

63,382

106,294

-3,303

1,143

13,448

Exploratory dry hole cost

2,236

97,741

3,820

10,120

3,452

7,907

808

14,000

13,977

11,657

50,784

31,200

39,772

Gain on derivative instruments

80,808

44,432

16,926

-38,950

56,686

219,319

0

-494

-965

-226

-1,954

0

0

Gain on Settlement of Dispute

-

-

-

-

-

-

-

-

-

-

-

-31,706

0

Net cash received in settlement of derivative instruments

138,450

-41,631

8,056

-1,682

194,289

81,716

0

-

-

-

-

-

-

Loss (earnings) on equity method investments

80,496

1,137

-100,486

-2,477

6,415

3,080

1,102

-

-

-

-

-

-

Distribution of earnings from equity method investments

15,725

1,296

0

0

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

3,966

4,631

4,774

5,083

4,454

4,754

3,693

5,265

4,381

3,381

3,635

634

-

Stock-based compensation and other

29,009

31,443

33,419

25,982

13,645

21,429

46,965

46,872

52,940

29,794

31,126

14,989

16,241

Changes in assets and liabilities:
Accounts receivable, net

-153,379

146,921

25,036

71,060

-112,406

11,689

49,398

58,037

19,893

14,125

-28,725

3,928

6,854

Income taxes

-13,514

-59,616

-46,368

-5,975

-711

-34,282

29,002

3,055

-27,345

34,866

358

-

14,456

Inventories

2,856

3,927

-1,334

-3,044

3,023

-3,441

3,033

-7,104

-7,708

1,677

-17,687

18,324

5,644

Other current assets

-180

-934

104

21

817

-733

428

1,198

-1,143

-3,675

-3,103

-10,816

-14,908

Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-29,795

Accounts payable and accrued liabilities

-30,176

30,468

-2,552

10,858

-55,217

-7,583

-22,908

18,843

8,546

-1,488

-27,202

3,321

1,052

Income Taxes

-

-

-

-

-

-

-

-

-

-

-

38,101

-1,281

Interest payable

-166

-7,477

-75

-2,573

-455

10,466

-

-

-

-

-

-

-

Other assets and liabilities

21,821

-23,079

5,141

-2,465

1,685

-1,989

8,014

-2,266

17,494

8,285

4,671

-6,422

-

Other Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

7,368

Stock-based compensation tax benefit

-

-

-

-

-

-1,375

18,913

0

-

-

13,790

10,691

0

Net cash provided by operating activities

1,445,791

1,104,903

898,160

397,441

749,598

1,236,435

1,024,526

652,093

501,839

484,911

614,052

634,447

462,137

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

788,368

894,470

764,558

375,153

955,602

1,479,632

1,194,739

927,977

891,277

857,251

611,207

-

39,772

Acquisitions

-

-

-

-

16,312

214,737

0

0

-

-

-

605,748

3,982

Proceeds from sale of assets

2,600

678,350

115,444

50,419

7,653

39,492

323,501

169,326

403,657

243,510

80,180

2,099

7,061

Restricted cash

-

-

-

-

-

-28,094

28,094

0

-

-

-

-

-

Capital Expenditures

-

-

-

-

-

-

-

-

-

-

-

848,640

553,229

Investment in equity method investments

9,338

77,263

57,039

28,484

29,073

38,057

18,875

6,863

-

-

-

-

-

Distribution of investment from equity method investments

1,728

0

0

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity method investments

249,463

0

0

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-543,915

-293,383

-706,153

-353,218

-993,334

-1,664,840

-918,207

-765,514

-487,620

-613,741

-531,027

-1,452,289

-589,922

CASH FLOWS FROM FINANCING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings from debt

95,000

158,000

0

90,000

877,000

2,032,000

955,000

400,000

330,000

525,000

105,000

892,000

175,000

Repayments of debt

102,000

455,000

0

587,000

604,000

1,427,000

895,000

263,000

355,000

355,000

167,000

-375,000

65,000

Treasury stock repurchases

519,863

872,761

123,741

0

0

138,852

164,634

0

-

-

-

-

-

Sale of common stock, net

-

-

-

995,279

0

0

-

-

-

-

-

316,230

5,099

Dividends paid

145,515

111,369

78,838

36,187

33,090

33,278

25,232

16,757

12,508

12,467

12,432

12,073

10,670

Tax withholdings on vesting of stock awards

10,590

8,150

7,973

5,064

8,861

-

-

-

-

-

-

-

-

Stock-based compensation tax benefit

-

-

-

-

-

-1,375

18,913

0

-

-

13,790

10,691

0

Capitalized debt issuance costs

7,412

0

0

3,223

7,838

5,626

2,750

5,005

1,025

13,821

10,409

4,403

0

Other

0

0

50

0

85

90

48

-992

-1,724

909

83

-

-

Net cash used in financing activities

-690,380

-1,289,280

-210,502

453,805

223,296

425,959

-113,655

114,246

-40,257

144,621

-70,968

827,445

104,429

Net increase in cash, cash equivalents and restricted cash

211,496

-477,760

-18,495

498,028

-20,440

-2,446

-7,336

825

-26,038

15,791

12,057

9,603

-23,356