Carrizo oil & gas, inc. (CRZO)
CashFlow / Quarterly
Sep'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'11
Cash Flows From Operating Activities
Net Income (Loss) Attributable to Parent

108,301

107,485

151,363

260,280

81,346

35,309

27,492

-17,040

7,823

56,306

40,021

-779

-101,174

-262,126

-311,395

-380,165

-707,647

-46,132

-21,210

134,259

83,789

2,319

5,976

-23,989

4,521

36,969

26,182

18,490

-930

28,504

9,423

6,510

21,642

7,742

735

(Income) loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

506

1,121

838

266

4,808

792

-895

-645

-1,774

-1,191

1,132

23,658

1,727

1,015

2,821

-1,253

-

-

-

-

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

82,195

80,766

75,322

82,525

80,108

72,430

64,467

81,571

67,564

59,072

54,382

53,470

48,949

51,966

59,577

65,577

81,256

79,331

73,871

88,471

83,572

80,746

64,594

62,704

55,362

50,528

45,697

44,534

46,518

43,380

31,561

27,010

20,325

20,595

16,676

Impairment of proved oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

0

105,057

197,070

274,413

411,615

812,752

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on derivatives, net

31,554

20,449

-83,284

159,407

-55,388

-67,714

-29,596

-86,107

-24,377

26,065

25,316

-19,135

11,744

-52,235

10,553

56,665

28,752

-12,595

26,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for commodity derivative settlements, net

-1,779

-4,522

-2,638

-31,597

-26,262

-24,083

-14,365

59

6,456

-261

1,519

20,549

20,357

27,300

51,163

52,387

47,716

45,129

49,064

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

0

0

0

-910

0

0

-8,676

-4,170

0

0

0

-

-

-

-

0

0

-38,137

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-897

Accretion expense related to asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

92

102

20

70

71

74

Non-cash portion of gain/loss on derivatives, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,005

-

-28,972

24,223

-21,057

-3,984

-24,167

27,928

-7,330

-1,027

17,030

7,162

-10,194

Stock-based compensation expense, net

3,723

3,854

4,115

-262

3,062

7,206

3,518

5,847

4,866

1,582

2,014

5,252

8,420

10,892

11,522

5,526

-5,593

4,943

9,853

-2,331

-930

16,978

12,161

10,035

9,872

2,983

6,483

1,067

5,090

1,516

4,016

5,269

-4,060

6,805

3,850

Deferred income tax (benefit) expense

5,718

1,697

-179,218

3,318

534

336

193

3,635

0

0

0

-

-

-

-

-337

-102,577

-26,430

-11,531

79,019

48,603

-3,628

3,933

-14,919

1,859

22,545

1,449

9,170

-592

16,279

5,285

6,964

12,843

3,675

1,064

Allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-432

1

40

-

-4

-22

-32

Non-cash interest expense, net

679

668

603

689

616

600

662

696

887

983

1,091

1,067

1,041

904

1,160

725

777

816

1,971

2,251

675

671

675

715

831

1,077

1,309

1,348

1,145

1,058

1,033

665

826

705

865

Other, net

-1,426

-715

-1,364

-116

-125

-6,664

2,689

1,912

-1,482

-1,147

-1,620

-1,326

-85

-1,226

-1,116

-1,155

830

2,864

-8,248

-4,084

3,299

-493

-1,101

-1,915

-1,538

-1,587

1,336

-3,390

-853

-619

-1,174

2,986

-2,961

-2,198

-1,860

Changes in components of working capital and other assets and liabilities-
Accounts receivable

-392

3,515

4,309

-36,771

15,200

8,301

-10,738

15,745

17,791

5,345

2,749

14,604

-3,160

-673

2,065

-2,386

-23,663

2,785

-6,517

-433

-21,372

10,668

12,471

-9,647

-6,848

7,154

-2,216

-4,095

39,936

10,533

20,746

10,682

10,316

990

1,922

Accounts payable

5,792

7,841

-14,385

5,150

6,985

-11,648

15,526

-2,926

262

7,825

6,661

-9,836

-1,094

-489

-18,711

5,498

-1,678

-2,767

-13,670

-5,786

28,498

-5,365

9,891

-25,248

-34,928

44,434

29,337

-4,757

-19,197

23,004

27,892

5,098

19,978

-1,071

9,452

Accrued liabilities

3,577

2,165

10,568

-9,818

3,547

-8,566

-4,317

-458

6,320

7,804

-2,154

16

822

-7,109

-1,667

-11,903

991

-4,614

-1,991

-2,325

13,269

-17,667

3,627

-14,637

21,084

-2,637

-16,398

-1,493

16,959

-10,326

16,692

-6,165

11,643

-7,316

11,192

Other assets and liabilities, net

2,219

12

966

412

829

513

773

1,620

804

301

681

675

2,071

371

692

777

390

2,336

950

895

2,222

812

1,290

1,255

619

2,437

1,156

1,780

1,385

1,215

1,377

2,591

2,694

3,385

2,628

Net cash provided by operating activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94,516

118,567

92,185

73,467

113,588

193,041

92,799

102,847

57,221

96,531

122,540

91,182

76,432

31,331

61,630

83,678

-

-

-

-

Net cash used in operating activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-121

-27

-1,019

-201

506

-259

-447

-456

-223

-320

-19

-61

-443

-193

227

-436

-

-

-

-

Net cash provided by operating activities

176,251

176,693

125,103

188,263

189,420

137,148

138,724

142,384

101,442

102,747

76,408

74,921

71,808

72,171

53,868

94,395

118,540

91,166

73,266

114,094

192,782

92,352

102,391

56,998

96,211

122,521

91,121

75,989

31,138

61,857

83,242

24,032

56,184

21,845

52,277

Cash Flows From Investing Activities
Capital expenditures

194,826

191,436

171,042

306,369

231,820

195,954

234,685

221,150

142,936

166,876

123,749

134,684

106,384

113,872

125,989

134,336

163,621

168,448

209,547

195,837

191,506

276,132

197,879

238,927

175,467

159,322

213,260

159,740

190,360

194,552

191,059

142,215

154,610

111,614

107,565

Acquisition of oil and gas properties

0

0

8,222

183,354

21,500

0

0

3,768

675,473

9,501

7,032

153,521

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures - other property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

194

188

187

281

-509

197

999

487

301

667

2,721

-

-

-

-

Increase (decrease) in capital expenditure payables and accruals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,202

5,645

-6,264

-33,130

-3,752

-595

-11,869

Proceeds from divestitures of oil and gas properties, net

317

2,927

3,107

3,741

31,904

3,430

342,359

179,352

11

829

17,372

233

694

12,852

1,785

113

7,649

0

285

2,089

3,053

4,569

2,865

217,717

10,072

1,618

9,063

134,347

16,358

190,199

693

-1,352

67,027

101,228

362

Advances to operators

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

421

525

-94

-67

-461

104

34

Advances for joint operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,644

4,807

28,535

-47,395

8,991

-15,732

3,364

Other, net

246

-842

880

1,033

1,591

1,009

87

2,727

1,325

2,062

417

285

-212

256

617

-1,736

533

2,258

2,599

355

495

-1,784

-129

-15,007

-13,552

2,205

-13,235

61,472

2,734

1,239

1,416

-22

275

11

210

Net cash used in investing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-134,304

-156,505

-170,706

-211,861

-286,495

-189,142

-269,967

-195,072

-6,484

-151,334

-160,106

-191,961

-28,931

-202,304

-17,236

-216,680

-

-

-

-

Net cash used in investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-553

-1,188

-834

-103

-1,061

-2,094

-2,450

-2,229

-1,690

-1,956

12,000

116,179

-12,823

-9,618

-9,583

-10,241

-

-

-

-

Net cash used in investing activities

-194,755

-187,667

-160,593

-487,015

-223,007

-193,533

107,587

-54,493

-738,523

-252,610

-113,826

-288,257

-105,478

-101,276

-124,821

-134,857

-157,693

-171,540

-211,964

-287,556

-191,236

-272,417

-197,301

-8,174

-153,290

-148,106

-75,782

-41,754

-211,922

-26,819

-226,921

-100,246

-92,636

5,826

-98,942

Cash Flows From Financing Activities
Issuance of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

650,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemptions of senior notes

0

0

0

130,105

0

4,425

326,010

152,813

0

0

0

-

-

-

-

0

0

626,681

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

0

0

0

0

0

0

50,030

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred purchase payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

150,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under credit agreement

381,890

428,258

470,632

894,192

1,288,352

432,596

694,260

680,648

392,778

638,593

280,504

260,175

219,464

217,005

73,647

81,339

244,582

356,939

444,000

340,041

353,000

293,000

0

145,000

272,000

120,000

45,000

4,772

515,588

281,727

238,685

377,897

155,164

127,000

219,000

Repayments of borrowings under credit agreement

358,406

412,073

389,920

459,598

1,463,515

369,296

563,860

604,948

459,478

479,293

244,504

269,175

184,464

186,555

43,097

237,829

205,092

288,939

395,000

-

-

-

-

162,675

213,000

161,325

45,000

13,000

345,000

329,000

109,000

315,000

139,000

152,000

146,660

Payments of credit facility amendment fees

0

0

613

1,047

0

477

150

-4,495

4,596

4,318

50

180

0

1,100

50

755

222

11,214

229

5,916

0

485

109

2,182

113

912

50

1,096

5,766

17

222

1,207

-4

563

7,856

Sale of common stock, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

238,842

0

-265

231,581

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46

294

69

74

0

414

73

23

743

33

68

6

0

0

0

38

9

Payments of dividends on preferred stock

4,474

4,452

4,360

4,367

4,457

4,474

4,863

5,532

2,249

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for settlements of contingent consideration arrangements, net

0

0

40,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-508

-650

-358

-345

-334

-325

-313

-711

-292

-282

-335

-264

-253

-245

-307

-221

-115

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,376

39,153

79,840

130,398

177,139

-3,007

126,267

-109

102,887

58,960

-42,214

693

-9,291

164,890

-47,284

129,463

-

-

-

-

Net cash provided by financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

3,000

13,382

9,413

9,446

9,673

-

-

-

-

Net cash provided by (used in) financing activities

18,502

11,083

35,381

298,619

33,903

53,599

-250,966

-83,443

639,945

149,700

35,615

214,295

34,747

29,105

30,193

81,376

39,153

79,840

130,398

177,139

-3,007

126,267

-109

102,887

58,960

-42,214

3,693

4,091

174,303

-37,838

139,136

100,508

16,168

-25,525

64,493

Net Decrease in Cash and Cash Equivalents

-2

109

-109

-133

316

-2,786

-4,655

4,448

2,864

-163

-1,803

959

1,077

0

-40,760

40,914

0

-534

-8,300

3,677

-1,461

-53,798

-95,019

151,711

1,881

-67,799

19,032

38,326

-6,481

-2,800

-4,543

24,294

-20,284

2,146

17,828

SUPPLEMENTAL CASH FLOW DISCLOSURES
Capital Expenditures Incurred but Not yet Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124,595

-

-

-

-

-

-

-

-

-

-

-

-