Civeo corp (CVEO)
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'13
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-145,812

-31,502

5,056

-14,849

-17,039

-13,260

-13,541

289

-55,335

-47,463

-22,208

-14,717

-20,866

-15,830

-41,969

-11,354

-26,674

-10,455

-107,170

-13,269

230

-271,306

32,763

14,285

36,596

45,825

39,994

33,303

64,190

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, Depletion and Amortization

25,502

30,794

31,196

30,996

30,782

26,344

34,468

34,270

30,764

29,360

32,700

31,554

32,829

30,858

33,721

33,168

33,555

31,831

36,172

42,541

42,446

47,200

45,758

42,413

39,599

42,703

42,011

41,411

41,088

Asset Impairment Charges

144,120

20,602

0

5,546

0

0

0

0

28,661

27,244

4,360

0

0

0

37,729

0

8,400

0

110,715

9,473

2,738

-

-

-

-

-

-

-

-

Inventory write-down

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,015

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

0

0

0

-842

0

0

0

-302

0

-1,474

0

0

-

-

-

-

-

-

-

-

Deferred income tax benefit

-8,941

3,019

-6,877

-3,110

-4,745

-2,131

-5,611

-23,663

2

2,050

-4,294

-3,612

-3,120

12,031

-17,213

-434

-7,592

25

-26,731

-6,668

-801

6,322

5,162

-12,330

5,179

219

4,300

3,564

3,524

Non-cash compensation charge

2,208

2,515

2,572

2,495

2,534

3,232

2,791

2,813

2,200

1,857

1,731

1,883

1,867

761

1,458

1,962

1,115

1,147

1,136

1,108

1,223

391

473

3,803

1,616

37

2,119

1,707

1,031

Gains on disposals of assets

21

-213

2,724

-81

1,452

-1,108

382

185

2,147

-368

339

438

416

230

118

-416

39

1,026

158

301

341

5,101

1,350

620

-1,194

-179

3,187

-157

-456

Provision (benefit) for loss on receivables, net of recoveries

54

9

17

-24

-32

-170

-48

-23

-35

43

65

3

-60

20

38

23

-135

124

26

325

730

-80

-1,395

108

91

1,018

-85

1,012

154

Fair value adjustment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

566

-149

73

-3,938

Other, net

-693

-129

-1,086

-1,854

410

-920

-894

-1,018

-2,047

-564

-1,160

-1,352

-795

1,678

-264

-1,200

-1,082

-392

-1,196

1,009

-845

1,591

-1,836

-554

-297

-394

-111

-268

267

Changes in operating assets and liabilities:
Accounts receivable

1,496

-9,680

11,611

16,239

2,377

-13,237

10,572

-5,824

-4,837

4,051

1,206

4,897

-3,258

-9,600

-3,220

10,493

-4,353

-584

-41,002

-18,926

-19,835

-36,959

19,497

4,492

8,130

4,905

-6,041

-32,005

20,587

Inventories

740

-1,088

1,172

90

-87

-2,034

1,769

-921

-2,190

2,956

843

224

440

-289

-505

-187

-792

150

-204

-4,096

-1,256

-1,277

-5,056

-2,700

-6,141

6,849

5,127

-4,513

4,422

Accounts payable and accrued liabilities

6,280

3,515

4,823

1,552

-1,417

-6,929

5,881

-6,316

-10,352

6,764

10,409

22

-4,521

-7,164

-1,969

4,985

-250

-7,645

9,467

-3,881

-10,680

-11,124

-10,448

11,969

9,436

-13,648

10,823

-4,283

-21,149

Taxes payable

133

-420

101

-18

262

4,371

2,189

108

-1,358

-6,718

9,289

319

320

-15,071

5,397

1,830

-2,395

4,552

8,976

-841

-6,483

602

-2,964

-7,977

-6,399

-4,338

-3,664

-11,129

-5,790

Other current and noncurrent assets and liabilities, net

1,143

-

-1,099

4,575

-148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets and liabilities, net

-

-

-

-

-

-

-

-

-1,364

-3,714

-300

6,692

640

272

8,251

-2,373

1,184

8,035

-4,334

5,112

3,111

-341

1,860

1,460

-5,093

-12,332

-10,400

2,977

-5,137

Net cash flows provided by operating activities

20,837

40,955

23,566

3,619

6,341

28,529

11,885

11,139

2,838

11,301

31,124

4,553

9,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,863

11,330

-

80,643

45,388

48,902

82,788

53,534

64,018

90,713

73,533

103,587

100,831

59,427

Cash flows from investing activities:
Capital expenditures

2,651

4,295

4,309

11,529

9,679

8,442

2,723

3,247

2,696

3,174

1,983

2,154

3,883

4,533

5,353

5,132

4,761

18,750

19,599

13,400

10,702

42,861

66,630

78,142

63,525

56,900

74,189

90,689

69,916

Payments related to acquisitions, net of cash acquired

-

-

-

-

-

-10,252

-3,611

161,429

23,771

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition of property, plant and equipment

72

424

1,034

-9

4,457

1,806

600

720

2,718

283

465

582

578

1,310

2,360

506

1,599

10,428

411

717

1,127

10,479

257

1,120

230

1,075

5,070

101

1,242

Other, net

0

0

0

-244

-1,518

-543

-1

0

-110

0

-173

-375

0

-2,076

-781

1,240

302

0

0

0

0

-

-

-

-

-

-

1

-2

Net cash flows used in investing activities

-2,579

-3,866

-19,714

-11,294

-3,704

4,159

1,489

-163,956

-23,639

-2,891

-1,345

-1,197

-3,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,866

-3,464

-

-19,188

-12,683

-9,575

-32,382

-65,595

-77,800

-63,295

-55,825

-69,120

-90,589

-68,672

Cash flows from financing activities:
Proceeds from issuance of common shares, net

-

-

-

-

-

-

-

-

-

-83

0

-30

64,847

0

0

0

0

0

0

0

500

-

-

-

-

-

-

-

-

Revolving credit borrowings

74,287

41,121

204,632

55,538

80,324

68,862

57,327

184,957

47,166

0

0

9,621

34,904

80,216

61,892

51,325

117,106

54,947

244,480

0

0

-

-

-

-

-

-

-

-

Revolving credit repayments

80,367

74,125

202,838

33,180

74,928

83,299

63,973

58,542

11,525

0

0

9,594

74,868

88,799

73,263

64,655

99,021

52,512

187,772

0

0

-

-

-

-

-

-

-

-

Revolving credit borrowings and (repayments), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-18,682

-29,219

Term loan borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Term loan repayments

8,109

8,857

8,687

8,790

8,608

8,432

7,109

6,989

4,079

28,567

4,214

4,053

3,947

3,916

4,010

4,042

29,055

4,425

725,000

0

0

-

-

-

-

0

0

80,236

2,526

Debt issuance costs

-

-

-

-

-

-

-

-

-

0

0

23

1,772

25

15

-13

2,035

278

4,555

0

0

-

-

-

-

-

-

-

-

Taxes paid on vested shares

1,442

-

0

1

4,282

-

0

38

594

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

0

0

-14

-279

0

0

-13

-52

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows used in financing activities

-15,631

-41,861

-8,843

13,567

-7,494

-24,336

-13,755

116,646

30,968

-28,650

-4,214

-4,093

18,885

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-400

31

-396

-425

477

-520

135

-1,020

-837

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

2,227

-

-5,387

5,467

-4,380

-

-246

-37,191

9,330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from Oil States

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

87

7,977

20,193

57,370

19,245

43,194

41,189

Net cash flows provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,372

-13,057

-

-347,847

0

500

-13,672

-14,160

23,871

20,193

57,370

19,245

-55,724

9,444

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

1,111

927

-77

-388

4,221

-1,338

322

-5,406

-16,142

2,667

-23,344

-15,234

-17,459

10,654

-6,988

-8,111

4,240

-11,471

-5,433

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

26,676

190

25,351

-745

275

-713

-4,869

-4,798

-302,534

35,372

16,483

21,500

-43,680

20,743

40,623

66,967

57,952

-56,953

-5,234

Non-cash investing and financing items
Value of common shares issued as consideration for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash financing activities:
Preferred dividends paid-in-kind

468

465

464

461

459

488

487

484

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Shares
Value of common shares issued as consideration for acquisitions

-

-

-

-

-

-

500

114,797

4,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-