Civeo Corp CVEO Cash Flow

Civeo corp (CVEO)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-58,334	-81,847	-105,254	-95,827	-130,664	-187,662	183,312	245,942
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, Depletion and Amortization
123,768	125,846	126,443	131,302	152,990	174,970	167,213	139,047
Asset Impairment Charges
26,148	28,661	31,604	46,129	122,926	290,508	-	-
Inventory write-down
0	0	525	850	1,015	0	-	-
Loss on extinguishment of debt
0	-748	-842	-302	-1,474	-3,455	-1,207	-
Deferred income tax benefit
-11,713	-31,403	-8,976	-13,208	-34,175	4,333	11,607	13,812
Non-cash compensation charge
10,116	11,036	7,338	5,296	4,614	6,283	4,894	3,258
Gains on disposals of assets
3,882	1,606	825	-29	1,826	5,877	2,395	3,315
Provision (benefit) for loss on receivables, net of recoveries
-30	-276	51	-54	1,205	-1,276	2,099	129
Fair value adjustment of contingent consideration
-	-	-	-	-	-	-3,448	1,260
Other, net
-2,659	-4,879	-3,871	-868	-1,424	-1,096	-506	500
Changes in operating assets and liabilities:
Accounts receivable
20,547	-13,326	6,896	-6,680	-80,347	-4,840	-12,554	12,096
Inventories
87	-3,376	4,463	-1,773	-5,406	-15,174	11,885	-10,963
Accounts payable and accrued liabilities
8,473	-17,716	12,674	-4,398	-12,739	-167	-28,257	27,188
Taxes payable
-75	5,310	3,210	-10,239	6,204	-16,738	-24,921	28,316
Other current assets and liabilities, net
2,015	5,943	3,318	7,334	11,924	-2,114	-24,892	21,341
Net cash flows provided by operating activities
74,481	54,391	56,826	62,169	186,277	-	-	-
Net cash flows provided by operating activities
-	-	-	-	-	291,053	337,378	432,663
Cash flows from investing activities:
Capital expenditures
29,812	17,108	11,194	19,779	62,451	251,158	291,694	314,047
Payments related to acquisitions, net of cash acquired
16,434	171,337	0	0	-	-	-	-
Proceeds from disposition of property, plant and equipment
5,906	5,844	1,908	5,775	12,683	12,086	7,488	8,346
Other, net
-1,762	-654	-548	-1,315	0	0	-	-
Net cash flows used in investing activities
-38,578	-181,947	-8,738	-12,689	-49,768	-	-	-
Net cash flows used in investing activities
-	-	-	-	-	-239,072	-284,206	-305,701
Cash flows from financing activities:
Proceeds from issuance of common shares, net
0	0	64,734	0	500	0	-	-
Revolving credit borrowings
381,615	358,312	44,525	310,539	299,427	0	3,093	-
Revolving credit repayments
385,071	217,339	84,462	325,738	240,284	0	50,994	-
Revolving credit borrowings and (repayments), net
-	-	-	-	-	-	-	3,814
Term loan borrowings
-	-	-	-	325,000	775,000	-	-
Debt and capital lease repayments
-	-	-	-	-	-	-	4,075
Term loan repayments
34,942	26,609	40,781	41,023	729,425	0	82,762	10,047
Debt issuance costs
1,950	4,009	1,795	2,062	4,833	9,235	-	3,442
Other, net
-4,283	-832	-293	-65	-146	-	-	-
Net cash flows used in financing activities
-44,631	109,523	-18,072	-58,349	-349,761	-	-	-
Effect of exchange rate changes on cash
-313	-2,242	846	-	-	-	-	-
Net change in cash and cash equivalents
-9,041	-20,275	30,862	-	-	-	-	-
Dividends paid
-	-	-	-	-	27,790	-	-
Distributions to Oil States
-	-	-	-	-	750,000	-	-
Contributions from Oil States
-	-	-	-	-	28,257	160,998	15,267
Net cash flows provided by (used in) financing activities
-	-	-	-	-	16,232	30,335	1,517
Effect of exchange rate changes on cash
-	-	-	2,817	-42,225	-29,027	-20,775	843
Net change in cash and cash equivalents
-	-	-	-6,052	-255,477	39,186	62,732	129,322
Non-cash investing and financing items
Non-cash financing activities:
Preferred dividends paid-in-kind
1,849	1,459	0	0	-	-	-	-
Common Shares
Value of shares issued as consideration for acquisitions
0	119,797	0	0	-	-	-	-
Preferred Shares
Value of shares issued as consideration for acquisitions
0	54,821	0	0	-	-	-	-