Callon Petroleum Co CPE Cash Flow

Callon petroleum co (CPE)

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	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income (loss)
216,565	-23,543	55,834	55,180	-19,543	156,194	37,930	50,475	55,761	22,824	17,081	33,390	47,129	-1,746	21,139	-70,097	-41,109	-113,170	-111,805	-4,967	-10,197	18,962	12,201	4,740	1,863	3,264	1,082	758	-800	-435	-1,105	3,799	488	73,951	8,404	19,877	4,164
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization
131,463	63,783	57,107	64,133	60,913	61,175	48,977	39,387	36,066	37,899	29,132	26,765	24,932	22,512	17,733	16,698	16,129	17,308	16,026	18,011	18,546	18,521	16,517	12,378	10,598	10,725	12,263	11,012	11,393	14,038	12,329	12,190	12,486	13,252	13,298	13,202	10,001
Write-down of oil and natural gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	61,012	34,776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion expense
-	-	-	-	-	-	202	206	218	-	131	208	184	196	187	395	180	175	142	134	209	223	202	173	228	229	458	533	565	544	574	561	574	571	569	583	615
Amortization of non-cash debt related items
407	682	739	741	738	751	708	588	453	505	441	589	665	744	810	780	781	781	781	780	781	778	196	179	119	123	120	117	111	109	68	103	122	-	-	-	-
Equity in earnings of Medusa Spar LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	17	-24	21	46	56	6	118	202	211	289	97
Deferred income tax (benefit) expense
64,048	-	17,902	16,691	-5,149	-	1,487	481	495	-	237	323	466	-	-	-	-	0	45,667	-2,116	-5,077	10,504	7,161	4,128	1,341	1,828	456	663	-169	715	-246	1,610	144	-1,059	3,801	6,204	1,982
Valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,543	2,510	10,176	1,982
(Gain) loss on derivative contracts
251,969	-31,130	20,798	15,483	-67,260	78,240	-25,102	-8,572	3,978	-34,509	-12,947	10,761	17,794	-11,030	1,044	-19,501	-8,648	977	13,494	-13,215	-7,914	21,922	10,405	-3,038	-1,639	199	-3,178	1,288	-1,039	-334	-1,880	3,598	299	-	-	-	-
Cash (paid) received for commodity derivative settlements
-2,613	-	-	-	290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of other property and equipment
0	126	13	-21	-28	64	102	-22	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,080	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,942
Amortization of deferred credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	766	727	811	-	778	2,405	-822
Non-cash derivative (income) expense due to hedge ineffectiveness
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41
Non-cash derivative (income) due to mark-to-market adjustment for derivatives not designated as accounting hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash expense related to equity share-based awards
3,776	1,899	1,569	1,754	4,545	1,823	1,708	1,627	1,131	1,240	1,219	4,865	930	811	777	661	516	2,988	368	-754	86	694	468	-1,032	996	757	601	154	580	945	30	280	442	215	-117	463	776
Change in the fair value of liability share-based awards
-6,748	1,518	-925	-850	1,881	-1,053	879	-463	1,012	865	732	1,982	-291	908	3,371	1,965	709	1,853	64	1,607	3,088	-2,635	-1,499	4,587	3,483	1,827	1,928	-657	-195	-991	1,622	82	907	-	-	-	-
Payments to settle asset retirement obligations
0	2,723	654	107	664	389	507	207	366	216	250	816	765	576	576	158	161	211	1,142	2,163	-258	525	1,814	1,443	26	20	86	219	396	178	107	399	630	135	1,140	1,217	71
Payments for cash-settled restricted stock unit awards related to early retirements related to early retirements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for cash-settled restricted stock unit awards
754	0	0	129	1,296	0	0	1,901	3,089	0	0	4,511	8,662	0	0	493	9,807	0	0	326	3,599	0	0	383	1,669	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
890	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in current assets and liabilities:
Accounts receivable
-115,873	52,671	21,081	-44,071	5,390	-37,033	56,764	-10,447	8,067	32,347	4,338	3,744	4,066	13,611	11,608	10,777	-5,941	-2,517	332	4,821	2,125	-101	2,748	2,340	2,928	42	4,244	544	-1,333	-377	-776	-1,141	3,177	-1,546	-2,629	7,799	110
Other current assets
781	-1,006	-929	3,807	2,294	5,936	-3,885	5,611	-61	-444	38	874	-576	535	-54	885	-580	51	-116	537	-452	180	-537	442	-707	324	834	259	-857	144	-181	1,012	-1,075	-143	535	361	-933
Current liabilities
-83,688	99,476	23,216	-10,251	-26,003	9,510	47,740	4,123	12,938	23,413	1,854	-4,223	9,903	5,473	15,702	4,830	-717	1,546	906	5,904	-355	9,356	1,435	-3,141	5,155	1,614	2,293	-482	158	-3,212	209	5,486	-730	-1,639	4,981	1,609	-256
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	1	120	0	10	0	75	11	-	-	-	-	-	-	-	-	-453	128	-180	-206	103	0	0	0	-	-	-	-
Change in natural gas balancing receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	96	-1	-54	-11	-5	-182
Change in natural gas balancing payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135	67	-50	86	-23	121	-69
Other
0	-	261	2,224	177	-	-4,791	-18	420	-	606	247	523	-831	1,221	217	233	83	-949	209	319	81	151	190	26	-2,640	1,516	1,215	575	975	46	691	174	93	127	170	130
Net cash provided by operating activities
191,695	137,578	113,692	150,487	74,559	151,639	116,036	107,764	92,215	80,186	53,893	43,128	52,684	35,978	45,262	23,290	16,244	33,790	25,547	23,858	6,124	36,690	22,100	15,630	19,967	19,261	14,977	7,362	12,875	9,905	13,944	17,091	10,350	21,238	26,971	17,501	13,457
Cash flows from investing activities:
Capital expenditures
224,448	137,115	143,995	166,219	193,211	155,821	156,982	187,040	111,330	152,621	121,128	79,936	66,154	67,334	47,418	24,505	50,775	51,593	46,649	58,270	70,780	43,803	61,574	61,459	65,760	58,657	42,682	28,296	30,089	17,898	42,863	27,057	45,481	25,855	32,370	23,848	18,170
Acquisitions
0	1,478	1,418	11,423	27,947	122,809	550,592	6,469	38,923	3,952	8,015	58,004	648,485	352,622	18,033	273,841	10,183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition deposit
-	-	-	-	-	-	-	-28,500	900	-900	0	0	46,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
10,240	-	5,656	260,417	13,879	-	5,249	3,077	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for settlements of contingent consideration arrangements, net
40,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Productive Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	22	54	272	987	-276	41	2,226	88,603	0	1,275	114	39,410	4	16	506	56	1,142	3,630	2,787
Other, net
158	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution from Medusa Spar LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	197	276	340	312	303	362	758	160	510	290	307
Investment in restricted assets related to plugging and abandonment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	37	37	38
Net cash used in investing activities
-254,366	-124,128	-139,757	82,775	-207,279	-281,047	-674,725	-218,932	-149,353	-136,948	-129,143	-137,940	-668,501	-431,755	-98,859	-274,715	-60,958	-80,960	-47,679	-60,013	-70,508	-255,070	-72,479	-61,418	-63,534	30,061	-42,485	-37,745	-29,635	19,749	-42,556	-26,679	-44,217	-25,677	-30,755	-19,965	-15,114
Cash flows from financing activities:
Borrowings on senior secured revolving credit facility
4,291,000	1,874,900	221,000	140,000	220,000	230,000	105,000	85,000	80,000	25,000	0	0	0	0	74,000	98,000	45,000	51,000	27,000	43,000	60,000	-67,500	50,000	104,000	46,000	32,000	17,000	14,000	17,000	10,000	33,000	10,000	0	-	-	-	-
Payments on senior secured revolving credit facility
4,226,000	314,500	126,000	365,000	90,000	95,000	40,000	160,000	30,000	0	0	0	0	0	114,000	58,000	85,000	110,000	3,000	5,000	58,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium on the issuance of 6.125% Senior Notes due 2024
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54	0	0	-433	-716	-833	-816	-799	-	-	-	-	-3,493	120	114	104
Redemption of 13% senior notes due 2016
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,062
Proceeds from Issuance of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	634,862	421,908	205,858	94,949	109,913	0	0	65,546	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	73,765
Payment of preferred stock dividends
0	0	350	1,823	1,824	1,824	1,824	1,823	1,824	1,824	1,824	1,823	1,824	1,824	1,824	1,823	1,824	1,974	1,974	1,973	1,974	1,974	1,974	1,973	1,974	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs
275	22,449	0	31	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	16,711	140	1,199	1,729	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings related to restricted stock units
313	21	316	833	1,025	0	215	1,029	560	0	65	974	79	0	169	1,914	124	-	-	-	-	-	-	-	-	-	-	-	-	0	16	0	2	-	-	-	-
Other, net
-282	-	-	-5	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity issued related to employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net cash provided by financing activities
64,130	-11,418	21,322	-227,692	127,151	133,330	61,672	601,841	47,616	23,148	-2,290	198,688	-1,903	722,885	379,275	242,121	53,001	46,472	22,026	36,039	65,560	212,155	56,400	45,218	42,297	-47,179	14,971	42,410	17,000	-30,000	29,984	-225	-2	0	0	0	38,703
Net change in cash and cash equivalents
1,459	2,032	-4,743	5,570	-5,569	3,922	-497,017	490,673	-9,522	-33,614	-77,540	103,876	-617,720	327,108	325,678	-9,304	8,287	-698	-106	-116	1,176	-6,225	6,021	-570	-1,270	2,143	-12,537	12,027	240	-346	1,372	-9,813	-33,869	-4,439	-3,784	-2,464	37,046
Interest paid, net of capitalized amounts
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows from operating leases
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued capital expenditures
-	-	-	-	-	-	-	-	20,727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in asset retirement costs
-	-	-	-	-	-	407	82	4,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for operating lease liabilities
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-