DENBURY RESOURCES INC. DNR Cash Flow

Denbury resources inc. (DNR)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net income (loss)
74,016	23,079	72,862	146,692	-25,674	174,479	78,419	30,222	39,578	126,781	442	14,399	21,530	-385,726	-24,590	-380,668	-185,193	-885,077	-2,244,126	-1,148,499	-107,746	363,633	268,748	-55,200	58,310	89,992	102,054	129,980	87,571	114,661	85,367	211,865	113,467	52,607	275,670	259,246	-14,190	3,760	31,234	150,329	100,204
Adjustments to reconcile net income (loss) to cash flows from operating activities
Depletion, depreciation, and amortization
96,862	63,191	55,064	58,264	57,297	59,738	51,316	52,944	52,451	53,265	52,101	51,152	51,195	647,124	55,012	66,541	77,366	112,356	121,406	147,940	149,958	157,118	146,560	148,164	141,130	144,543	125,595	126,907	112,898	117,419	136,935	132,289	120,895	110,129	101,978	103,495	93,594	111,624	111,602	129,209	81,872
Write-down of oil and natural gas properties
72,500	-	-	-	0	-	-	-	-	-	-	-	-	0	75,521	479,400	256,000	1,327,000	1,760,600	1,705,800	146,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-4,209	10,017	37,909	62,023	-9,478	60,493	17,504	10,185	15,052	-131,625	-15,301	16,238	34,909	-211,811	-13,519	-222,940	-95,115	-499,607	-732,064	-634,472	-66,036	261,006	167,356	-28,564	30,175	52,892	41,292	84,497	43,845	38,784	49,670	130,152	37,137	24,862	172,981	152,528	-7,908	-6,940	16,595	74,422	76,272
Gain on sale of interests in Genesis
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,568
Stock-based compensation
2,453	2,604	3,001	3,602	3,263	3,240	3,559	2,560	2,592	2,939	3,274	4,835	4,106	5,313	5,560	3,263	859	7,967	7,670	7,118	7,849	4,409	8,887	8,871	8,346	9,229	8,103	7,763	7,908	6,648	7,413	7,336	7,913	5,670	9,388	7,931	10,201	8,040	10,196	9,324	7,806
Commodity derivatives expense (income)
146,771	-54,616	43,155	24,760	-83,377	210,688	-44,577	-96,199	-48,825	-87,288	-25,263	10,373	24,602	-28,133	21,224	-98,209	-22,826	21,821	92,028	-48,926	83,076	554,430	252,265	-174,771	-76,669	5,850	-80,446	45,501	-11,929	-14,923	-67,929	131,799	-44,113	-164,511	205,557	183,818	-172,367	-129,564	-41,890	125,873	101,026
Receipt on settlements of commodity derivatives
24,638	8,892	8,057	-1,549	8,206	-25,510	-61,611	-54,770	-33,357	-9,177	89	-11,767	-26,940	-32,777	-7,295	52,026	72,227	78,406	160,677	124,151	148,465	103,676	-24,914	-50,172	-27,169	0	-662	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
18,994	49,778	5,920	100,300	0	-	-	-	-	-	-	-	-	0	7,826	12,278	94,991	0	0	0	0	-	-	-	-	0	0	-428	-44,223	0	0	0	0	0	0	-348	-15,783	-	-	-	-
Debt issuance costs and discounts
4,926	4,696	4,706	1,638	1,263	1,266	2,712	1,131	1,137	1,390	1,457	1,443	1,901	1,465	1,469	10,766	3,306	2,311	2,309	2,280	2,221	3,043	3,455	3,458	3,520	3,442	3,442	3,403	3,736	3,674	3,674	3,673	3,674	3,674	3,667	4,562	5,051	-	-	-	-
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	215	17,300	22,951	0	0	0	-	-	-	-
Other, net
673	1,734	6,805	965	-908	-2,341	1,959	4,269	838	-3,224	-894	662	344	-1,110	1,528	1,327	416	-7,800	3,438	1,660	2,359	-11,348	1,635	1,105	2,297	-1,168	8,583	-1,461	-3,636	-1,830	748	-8,110	-7,725	-150	425	234	3,681	16,398	-8,383	-8,281	2,410
Changes in assets and liabilities, net of effects from acquisitions
Accrued production receivable
-66,937	12,191	-8,481	-11,682	21,591	-37,687	-245	5,875	11,510	24,988	17,524	-14,661	-6,453	22,083	-17,853	24,539	-4,479	-23,346	-40,184	15,953	-33,636	-79,720	-25,801	299	24,937	-19,825	28,141	7,113	-344	-33,013	32,245	-44,329	8,863	29,764	9,949	-9,175	44,243	46,027	3,622	-64,200	12,125
Trade and other receivables
22,914	-9,526	-124	1,295	-1,024	-15,955	-459	668	-348	-9,183	-4,312	5,731	12,185	-12	-18,343	-16,756	-812	-29,584	20,402	-41,037	-16,828	71,584	19,806	-6,549	-6,372	-5,737	3,873	-16,932	13,815	-34,826	-21,779	19,931	-9,162	16,863	28,465	-7,342	17,484	-4,429	-10,490	20,796	-30,854
Other current and long-term assets
-2,539	-7,602	-3,416	3,002	387	2,360	-1,160	3,741	1,886	-3,012	-5,491	10,868	-643	227	460	9,411	-1,437	-2,012	-5,999	1,634	6,136	-3,544	-2,619	-2,470	5,459	-11,661	-7,972	4,415	4,756	530	-1,367	-6,175	-676	4,230	-9,449	12,587	8,449	5,225	-4,240	359	2,775
Accounts payable and accrued liabilities
-72,607	29,892	153	2,646	-35,966	-14,427	12,436	34,816	-19,817	-1,974	3,875	-2,721	-23,890	23,590	14,000	-18,282	-53,548	-2,110	18,768	11,356	-83,248	7,696	28,983	16,402	-52,580	39,144	-34,297	120,306	-33,337	35,955	-58,383	61,117	-32,861	29,945	-16,936	41,911	-90,382	40,292	-3,809	-9,905	21,971
Oil and natural gas production payable
-15,948	3,989	-3,565	-2,859	4,605	-11,536	737	-3,828	-673	6,851	1,804	-5,317	-7,335	6,538	-9,666	3,948	-7,572	-14,355	-13,261	4,499	-17,716	-29,281	-15,192	-5,949	3,916	-18,380	10,889	7,798	12,424	-28,474	12,999	-7,515	-470	13,572	10,684	11,365	18,770	5,012	-683	-2,158	13,394
Other liabilities
-954	-3,836	-3,796	-3,137	-2,481	45,477	-1,650	-907	-275	-1,885	-526	-2,343	-1,179	-797	-5,235	-549	-448	-2,905	-1,130	-1,932	-1,076	-2,170	1,795	-3,457	-1,138	-4,417	1,228	-4,878	-7,430	-5,844	-2,251	-5,050	-28,214	-13,869	-6,746	-2,743	-4,597	17,029	-18,035	-759	-4,121
Net cash provided by operating activities
61,842	150,565	130,578	148,634	64,366	136,155	147,904	153,999	91,627	124,284	65,651	52,946	24,262	59,864	96,415	60,915	2,029	164,907	272,676	288,957	137,764	337,728	340,392	329,847	214,858	348,986	305,465	437,568	269,176	384,765	293,506	440,966	291,654	365,722	315,739	398,521	124,832	263,036	208,484	271,123	113,168
Cash flows from investing activities
Oil and natural gas capital expenditures
46,016	57,101	56,650	61,268	86,986	106,143	76,046	77,789	56,669	64,885	68,098	77,732	52,152	66,396	50,329	60,610	65,692	111,450	88,165	114,591	162,192	247,834	247,448	253,327	198,237	211,951	202,107	259,246	226,917	273,997	274,610	271,762	302,246	341,597	269,655	281,305	190,296	171,512	182,889	224,526	92,647
Acquisitions of oil and natural gas properties
-	-	-	-	-	-	-	-	-	-2,238	1,916	72,986	16,222	750	-344	680	224	-	-	-	-	7,089	1,684	0	0	-	-	-	101	446	1,270	153,774	592	1,014	1,809	2,681	29,801	1,282	147	23,903	340
Cash paid in Riley Ridge acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133,347	12,405	1,602,978	-801,489
CO2 capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,407	6,286	753	14,855	9,862	8,371	13,992	15,909	20,815	28,221	17,694	27,014	37,098	40,632	22,620	30,693	22,243	30,504	4,892	27,150	-	-	-	-
Pipelines and plants capital expenditures
6,294	1,354	15,374	8,909	1,682	3,974	11,252	7,726	156	1,061	845	388	246	-	-	-	635	5,961	5,418	7,894	12,455	24,630	12,991	11,933	22,597	47,632	39,174	47,064	50,416	98,958	61,784	109,234	60,441	93,727	44,169	59,340	38,897	-	-	-	-
Purchases of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,056	2,633	1,975	1,645	36,307	6,855	7,958	14,867	7,099	7,918	5,803	4,945	3,627	4,839	7,602	12,770	-	-	-	-
CO2 and other non-hydrocarbon gases - capital expenditures, including pipelines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-72,647
Deposit received on divesture of Southern Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,000
Net proceeds from sale of interests in Genesis
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3	0	162,622
Net proceeds from sales of oil and gas properties and equipment
40,543	-298	10,063	327	104	454	5,231	555	1,522	284	687	310	415	-	-	-	0	-	-	-	-	-	-	-	-	1,725	816	4,833	663	777	1,671	5,730	26,572	21,772	29,166	6,443	11,989	-	-	-	-
Addition to restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net proceeds from sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	83,545	0	0	0	0	-	-	-	-
Other
4,521	-6,872	-6,522	-2,512	3,237	462	-233	-1,438	-3,927	-2,580	3,344	2,086	-792	-984	3,734	-89	403	358	-29,685	20,696	3,076	1,915	169	657	-1,634	-617	10,589	17,899	1,994	3,717	4,205	2,878	83	7,240	4,369	-1,580	-1,882	-16,762	10,703	2,398	4,826
Premium paid on repayment of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,815	34,660	0	0	0	0	0	0	0	13,137	0	-1	13,471	-6,257
Proceeds from issuance of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,200,000	0	0	0	0	0	0	0	400,000	0	0	0	1,000,000
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,145	3,950	5,253	-	-	-	-
Escrowed funds for redemption of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,566
Net cash used in investing activities
-16,288	-55,114	-55,439	-67,338	-91,801	-116,544	-81,834	-83,522	-51,376	-63,003	-73,516	-152,882	-67,413	-70,656	-6,487	-60,566	-66,954	-122,645	-91,028	-143,934	-192,578	-287,832	-272,021	-280,148	-236,754	-323,606	-286,130	-344,927	-320,646	-138,869	-388,748	-560,341	-288,883	-447,706	-525,412	-347,797	-285,043	165,373	-261,539	505,713	-764,327
Cash flows from financing activities
Bank repayments
161,000	284,791	360,000	178,000	103,000	39,000	790,000	582,000	571,653	401,000	392,000	453,000	343,000	368,000	368,500	298,000	696,000	371,000	484,000	412,000	595,000	782,000	512,000	500,000	815,000	380,000	200,000	150,000	820,000	585,000	570,000	250,000	150,000	75,000	125,000	0	130,000	11,000	5,000	889,000	625,000
Bank borrowings
161,000	234,791	330,000	258,000	103,000	39,000	375,000	547,000	546,653	381,000	397,000	588,000	397,000	409,000	308,500	308,000	831,000	336,000	344,000	297,000	665,000	767,000	477,000	345,000	1,075,000	410,000	250,000	135,000	395,000	660,000	675,000	325,000	210,000	350,000	235,000	0	130,000	-115,000	80,000	124,000	1,025,000
Cash paid in conjunction with debt repurchases
14,171	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pipeline financing and capital lease debt repayments
3,690	3,629	3,006	3,165	4,108	4,947	5,728	6,338	6,287	6,939	6,795	6,673	7,055	7,339	7,174	6,949	7,387	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest payments treated as a reduction of debt
18,211	-	17,250	42,558	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment or repurchases of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	21,187	0	55,521	485	0	0	0	-	-	-	-	0	0	38,206	613,064	0	0	0	0	0	0	55,448	469,552	0	0	1,117,606	-508,182
Costs of debt financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135	0	26	20,000	17	6	0	11	19	-170	4,833	8,441	19	0	103	76,129
Common stock repurchase program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	211,356	66,761	114,774	19,021	81,402	234,733	16,747	0	0	-	-	-	-	-	-	-	-
Cash dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	21,894	21,460	22,068	21,803	21,780	21,734	21,727	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-2,953	-5,122	-7,429	13,998	-1,099	-198	-12,660	8,663	-9,291	-387	5,892	-820	-3,469	11,627	-839	-9,107	-1,727	-8,169	-3,439	6,951	-10,250	30,861	-4,201	-2,573	-9,316	-2,845	-3,878	-4,977	-10,646	-11,669	2,916	-4,878	-4,087	8,908	-1,071	-458	-7,924	13,973	6,155	-10,142	-4,113
Net cash used in financing activities
-39,025	-95,453	-64,631	-81,064	-5,207	-47,645	679	-69,908	-40,578	-60,987	3,756	102,368	43,476	9,879	-89,200	-6,056	70,365	-51,662	-173,849	-146,631	37,682	-46,179	-60,981	-45,545	17,601	-39,741	-68,652	-79,045	15,228	-171,419	91,163	70,122	55,902	76,314	112,244	-56,789	-93,801	-132,885	71,926	-818,547	739,753
Net increase (decrease) in cash, cash equivalents, and restricted cash
6,529	-2	10,508	232	-32,642	-28,034	66,749	569	-327	294	-4,109	2,432	325	-913	728	-5,707	5,440	-9,400	7,799	-1,608	-17,132	3,717	7,390	4,154	-4,295	-14,361	-49,317	13,596	-36,242	74,477	-4,079	-49,253	58,673	-5,670	-97,429	-6,065	-254,012	295,524	18,871	-41,711	88,594