Cabot oil & gas corporation (COG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'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'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

53,910

146,940

90,358

181,009

262,763

275,045

122,336

42,431

117,231

-44,441

17,587

21,527

105,720

-292,760

-10,260

-62,910

-51,194

-111,124

-15,514

-27,508

40,255

-221,771

100,788

118,420

107,031

77,946

69,889

89,114

42,824

40,866

36,609

35,937

18,318

26,363

28,482

54,677

12,886

49,109

3,899

21,682

28,696

36,364

38,897

25,502

47,580

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

100,135

106,439

110,889

96,147

92,258

129,269

121,172

84,910

82,128

143,128

146,267

144,322

135,100

141,218

139,490

147,533

161,887

149,876

144,326

152,512

175,497

173,765

154,014

157,563

147,418

182,030

168,980

151,389

148,653

115,984

110,448

114,616

110,357

92,499

90,293

83,225

77,124

91,504

85,355

76,726

73,498

62,293

78,074

55,108

55,785

Impairment of oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,622

-16,037

6,730

9,307

Deferred income tax expense

44,044

55,421

36,350

64,645

88,002

97,804

64,823

2,689

64,287

-410,844

16,337

20,105

53,289

-171,294

4,881

-35,321

-28,973

-81,194

1,066

-7,921

15,081

-294,006

62,986

60,850

57,603

31,145

37,573

46,088

23,574

38,215

15,641

17,349

9,724

17,363

20,495

30,343

6,543

31,344

1,374

13,375

15,716

27,042

36,521

11,903

26,349

(Gain) loss on sale of assets

71

-36

36

0

-1,500

-1,450

25,655

544

-41,049

1,898

-11,872

-1,403

-223

-1,132

-1,245

-877

1,354

52

3,755

-79

138

19,855

46

-1,496

-1,285

16,750

4,421

276

-96

-16,407

-126

67,703

-535

26,974

3,854

34,071

-1,517

100,883

265

4,387

759

-20

572

-16,562

12,707

Exploratory dry hole cost

-

-

-

-

-

41,316

5,340

51,145

-60

978

0

0

2,842

10,102

0

18

0

3,268

6

16

162

1,453

4,300

114

2,040

1

1

140

666

1,882

1,193

10,876

49

126

13,347

11

493

1,184

2,047

0

8,426

19,526

14,395

10,397

6,466

Gain on derivative instruments

16,062

-2,158

11,060

63,649

8,257

46,060

-3,537

-3,668

5,577

-29,427

-837

13,806

33,384

-37,664

6,904

-27,184

18,994

12,018

17,364

-6,819

34,123

149,742

71,906

-2,329

0

-

-

-

-

-45

-149

-342

42

-15

-64

-903

17

-388

-193

942

-587

-2,372

1,233

126

-941

Net cash received in settlement of derivative instruments

0

23,519

46,554

15,397

52,980

-21,277

-42

5,819

-26,131

4,469

3,906

1,205

-1,524

-4,886

-8,101

11,305

0

60,462

45,097

51,045

37,685

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (earnings) on equity method investments

-59

69,302

3,860

3,650

3,684

2,146

-11

-4

-994

-96,500

-1,417

-1,286

-1,283

-2,685

-1,727

-74

2,009

1,834

1,648

1,512

1,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution of earnings from equity method investments

0

3,115

3,860

4,021

4,729

1,296

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

750

747

755

1,375

1,089

1,110

1,131

1,195

1,195

1,195

1,195

1,195

1,189

1,195

1,196

1,501

1,191

1,059

1,058

1,070

1,267

1,376

1,126

1,126

1,126

926

925

945

897

965

966

2,270

1,064

1,064

1,064

1,133

1,120

-4,917

6,162

1,068

1,068

-

-

-

-

Stock-based compensation and other

15,765

6,289

1,662

6,571

14,487

14,971

6,108

5,180

5,184

7,408

7,813

9,915

8,283

2,931

5,088

7,357

10,606

2,023

-2,913

8,624

5,911

8,125

4,615

5,660

3,029

10,281

9,329

9,700

17,655

9,354

10,531

28,457

-1,470

10,508

15,500

14,318

12,614

-

-

2,009

4,210

11,232

6,381

7,313

6,200

Changes in assets and liabilities:
Accounts receivable, net

-73,327

49,785

-24,137

-37,356

-141,671

139,576

46,284

11,277

-50,216

54,312

-15,563

-15,451

1,738

69,925

3,253

17,240

-19,358

306

-12,815

-50,282

-49,615

42,107

-20,830

-33,006

23,418

43,077

-26,230

32,308

243

68,784

14,467

-5,953

-19,261

12,769

-15,702

26,728

-3,902

18,967

-3,642

-14,389

13,189

-85,199

1,382

21,223

33,869

Income taxes

-26,756

3,232

-11,169

-12,363

6,786

-45,169

-26,554

36,753

-24,646

-29,703

-10,499

-16,700

10,534

5,260

-11,751

283

233

9,447

-7,974

-11,163

8,979

-10,852

-78

-6,463

-16,889

32,641

1,332

-9,320

4,349

2,850

-4,570

2,588

2,187

8,770

-2,265

-9,648

-24,202

-

-

-

-

18,192

-17,834

-526

526

Inventories

4,317

-4,263

-1,186

1,104

7,201

-1,399

-7,051

8,068

4,309

-3,434

2,096

1,213

-1,209

-184

-1,498

-261

-1,101

-1,233

-2,141

6,336

61

296

1,817

1,522

-7,076

-3,632

2,562

6,999

-2,896

-3,522

5,711

-245

-9,048

-6,337

4,252

3,238

-8,861

-2,676

8,809

5,863

-10,319

-26,595

-7,255

-1,896

18,059

Other current assets

-916

-1,518

-925

3,382

-1,119

-830

-1,200

2,119

-1,023

-792

-880

2,946

-1,170

-896

-941

3,158

-1,300

-1,289

-847

2,761

192

-880

162

1,155

-1,170

-1,119

-1,186

3,716

-983

73

-2,566

4,209

-518

-1,975

-376

2,222

-1,014

-605

-2,009

1,603

-2,664

-5,538

2,500

-2,266

2,201

Accounts payable and accrued liabilities

-23,711

13,237

-7,546

-7,933

-27,934

-1,724

25,024

21,337

-14,169

2,581

-794

-4,490

151

23,032

5,020

-7,584

-9,610

11,133

-1,327

-35,394

-29,629

2,129

29,372

-22,995

-16,089

-3,071

-29,498

37,546

-27,885

35,234

12,284

9,474

-38,149

18,487

-20,762

20,436

-9,615

12,764

-8,315

6,976

-12,913

21,895

-7,203

3,595

-45,489

Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,110

-

-

1,203

2,238

Interest payable

-12,981

12,659

-12,609

12,671

-12,887

10,997

-18,259

15,103

-15,318

15,243

-15,007

15,077

-15,388

15,045

-15,540

14,582

-16,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

111

-312

-478

477

22,134

3,511

-1,253

-25,674

337

-935

6,177

318

-419

-1,681

-138

-416

-230

120

-1,098

4,593

-1,930

-1,382

146

-714

-39

8,242

319

-189

-358

-514

1,795

-3,167

-380

17,291

-475

-349

1,027

-553

5,180

6,542

-2,884

5,914

2,789

-7,123

3,091

Stock-based compensation tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,049

3,437

-7,376

-14,353

4,311

16,043

9,629

1,936

5,210

2,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

204,897

262,980

270,874

326,650

585,287

316,051

242,192

273,900

272,760

179,113

189,101

260,568

269,378

139,736

105,415

85,178

67,112

164,644

146,363

171,210

267,381

293,185

358,302

329,570

255,378

257,850

276,709

277,282

212,685

196,981

163,970

159,362

131,780

126,473

154,665

129,488

91,213

117,419

124,314

127,081

116,097

196,922

116,745

147,851

152,534

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

148,702

167,672

199,196

225,850

195,650

246,967

260,232

231,014

156,257

177,745

193,480

184,949

208,384

130,120

85,634

67,162

92,237

135,763

174,747

249,850

395,242

514,891

347,128

278,912

338,701

351,339

319,344

263,887

260,169

258,779

257,871

222,780

188,547

222,290

264,773

201,045

203,169

-

-

-

-

-

-

-

6,466

Proceeds from sale of assets

48

199

55

0

2,346

2,825

28,657

323

646,545

82,733

31,236

1,101

374

1,351

-760

0

49,828

273

4,378

-79

3,081

35,579

4,668

-863

108

308,327

14,268

420

486

36,586

25

131,435

1,280

321,548

27,773

49,293

5,043

222,477

4,291

15,939

803

0

513

64,604

15,063

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56,188

0

19,712

8,382

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital Expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

235,403

-

116,344

138,804

171,029

Investment in equity method investments

35

361

3,846

3,303

1,828

4,397

9,961

27,487

35,418

33,657

9,756

5,884

7,742

4,308

6,005

6,519

11,652

8,275

10,684

5,036

5,078

9,273

6,554

16,293

5,937

10,251

4,374

3,000

1,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity method investments

9,424

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-158,113

81,701

-202,089

-228,395

-195,132

-248,539

-241,536

-258,178

454,870

-128,669

-172,000

-189,732

-215,752

-133,077

-92,399

-73,681

-54,061

-143,765

-181,065

-271,265

-397,239

-687,496

-364,840

-276,356

-336,148

-81,229

-309,578

-266,467

-260,933

-224,568

-260,246

-93,433

-187,267

99,258

-237,000

-151,752

-198,126

23,349

-199,689

-202,801

-234,600

-185,030

-115,831

-67,734

-162,432

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

0

0

0

0

95,000

158,000

0

0

0

-

-

-

-

0

0

0

90,000

87,000

148,000

260,000

382,000

230,000

1,191,000

245,000

366,000

370,000

260,000

190,000

135,000

120,000

110,000

80,000

90,000

0

110,000

110,000

110,000

225,000

90,000

100,000

110,000

15,000

20,000

20,000

50,000

Repayments of debt

0

0

0

0

102,000

218,000

237,000

0

0

-

-

-

-

0

20,000

64,000

503,000

99,000

106,000

142,000

257,000

90,000

772,000

274,000

291,000

385,000

240,000

175,000

95,000

95,000

20,000

120,000

28,000

255,000

0

70,000

30,000

-

-

-

-

-

-

-

40,000

Treasury stock repurchases

0

172,417

190,808

125,260

31,378

291,036

162,071

212,520

207,134

55,486

0

68,255

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

995,278

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

39,817

40,793

37,025

38,092

29,605

30,184

26,467

27,071

27,647

23,131

23,125

23,276

9,306

9,302

9,303

9,300

8,282

8,278

8,275

8,274

8,263

8,260

8,339

8,347

8,332

8,402

8,423

4,206

4,201

4,196

4,193

4,191

4,177

3,129

3,129

3,128

3,122

3,119

3,120

3,116

3,112

3,109

3,110

3,110

3,103

Tax withholdings on vesting of stock awards

6,313

3

30

987

9,570

82

35

65

7,968

2,044

257

258

5,414

8

10

24

5,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,049

3,437

-7,376

-14,353

4,311

16,043

9,629

1,936

5,210

2,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,223

0

0

7,838

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

8

3

2

37

0

0

0

0

1

5

-2,599

2,678

-1

0

1

90

4

11

1

32

18

-671

-420

81

-619

-922

835

-1,018

837

108

2

-38

0

-67

1

149

Net cash used in financing activities

-46,130

-213,214

-227,863

-171,750

-77,553

-381,302

-425,573

-239,656

-242,749

-80,653

-23,379

-91,787

-14,683

-9,310

-29,313

-73,323

565,751

-29,138

28,244

101,338

122,852

105,278

270,915

-33,035

82,801

-181,153

13,524

16,005

37,969

20,822

85,136

-49,616

57,904

-258,748

105,949

36,682

75,860

-122,407

65,278

94,900

106,850

-7,404

4,908

-75,518

7,046

Net increase in cash, cash equivalents and restricted cash

654

131,467

-159,078

-73,495

312,602

-313,790

-424,917

-223,934

484,881

-30,209

-6,278

-20,951

38,943

-2,651

-16,297

-61,826

578,802

-8,259

-6,458

1,283

-7,006

-289,033

264,377

20,179

2,031

-4,532

-19,345

26,820

-10,279

-6,765

-11,140

16,313

2,417

-33,017

23,614

14,418

-31,053

18,361

-10,097

19,180

-11,653

4,488

5,822

4,599

-2,852

Supplemental non-cash investing transactions:
Change in accrued capital costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-549

-

-24,227

-43,231

-91,644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-