DENBURY RESOURCES INC. DNR Cash Flow

Denbury resources inc. (DNR)

CashFlow / TTM

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)
316,649	216,959	368,359	373,916	257,446	322,698	275,000	197,023	181,200	163,152	-349,355	-374,387	-769,454	-976,177	-1,475,528	-3,695,064	-4,462,895	-4,385,448	-3,136,738	-623,864	469,435	635,491	361,850	195,156	380,336	409,597	434,266	417,579	499,464	525,360	463,306	653,609	700,990	573,333	524,486	280,050	171,133	285,527	0	0	0
Adjustments to reconcile net income (loss) to cash flows from operating activities
Depletion, depreciation, and amortization
273,381	233,816	230,363	226,615	221,295	216,449	209,976	210,761	208,969	207,713	801,572	804,483	819,872	846,043	311,275	377,669	459,068	531,660	576,422	601,576	601,800	592,972	580,397	559,432	538,175	509,943	482,819	494,159	499,541	507,538	500,248	465,291	436,497	409,196	410,691	420,315	446,029	434,307	0	0	0
Write-down of oil and natural gas properties
0	-	-	-	0	-	-	-	-	-	-	-	-	810,921	2,137,921	3,823,000	5,049,400	4,939,600	3,612,600	1,852,000	146,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
105,740	100,471	150,947	130,542	78,704	103,234	-88,884	-121,689	-115,636	-95,779	-175,965	-174,183	-413,361	-543,385	-831,181	-1,549,726	-1,961,258	-1,932,179	-1,171,566	-272,146	333,762	429,973	221,859	95,795	208,856	222,526	208,418	216,796	262,451	255,743	241,821	365,132	387,508	342,463	310,661	154,275	76,169	160,349	0	0	0
Gain on sale of interests in Genesis
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Stock-based compensation
11,660	12,470	13,106	13,664	12,622	11,951	11,650	11,365	13,640	15,154	17,528	19,814	18,242	14,995	17,649	19,759	23,614	30,604	27,046	28,263	30,016	30,513	35,333	34,549	33,441	33,003	30,422	29,732	29,305	29,310	28,332	30,307	30,902	33,190	35,560	36,368	37,761	35,366	0	0	0
Commodity derivatives expense (income)
160,070	-70,078	195,226	107,494	-13,465	21,087	-276,889	-257,575	-151,003	-77,576	-18,421	28,066	-80,516	-127,944	-77,990	-7,186	42,097	147,999	680,608	840,845	715,000	555,255	6,675	-326,036	-105,764	-41,024	-61,797	-49,280	37,018	4,834	-144,754	128,732	180,751	52,497	87,444	-160,003	-217,948	55,445	0	0	0
Receipt on settlements of commodity derivatives
40,038	23,606	-10,796	-80,464	-133,685	-175,248	-158,915	-97,215	-54,212	-47,795	-71,395	-78,779	-14,986	84,181	195,364	363,336	435,461	511,699	536,969	351,378	177,055	1,421	-102,255	-78,003	-27,831	-662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
174,992	155,998	0	0	0	-	-	-	-	-	-	-	-	115,095	115,095	107,269	94,991	0	0	0	0	-	-	-	-	-44,651	-44,651	-44,651	-44,223	0	0	0	-348	-16,131	0	0	0	-	-	-	-
Debt issuance costs and discounts
15,966	12,303	8,873	6,879	6,372	6,246	6,370	5,115	5,427	6,191	6,266	6,278	15,601	17,006	17,852	18,692	10,206	9,121	9,853	10,999	12,177	13,476	13,875	13,862	13,807	14,023	14,255	14,487	14,757	14,695	14,695	14,688	15,577	16,954	0	0	0	-	-	-	-
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,515	40,466	40,466	40,251	22,951	0	0	0	-	-	-	-
Other, net
10,177	8,596	4,521	-325	2,979	4,725	3,842	989	-2,618	-3,112	-998	1,424	2,089	2,161	-4,529	-2,619	-2,286	-343	-3,891	-5,694	-6,249	-6,311	3,869	10,817	8,251	2,318	1,656	-6,179	-12,828	-16,917	-15,237	-15,560	-7,216	4,190	20,738	11,930	3,415	2,144	0	0	0
Changes in assets and liabilities, net of effects from acquisitions
Accrued production receivable
-74,909	13,619	-36,259	-28,023	-10,466	-20,547	42,128	59,897	39,361	21,398	18,493	-16,884	22,316	24,290	-21,139	-43,470	-52,056	-81,213	-137,587	-123,204	-138,858	-80,285	-20,390	33,552	40,366	15,085	1,897	6,001	-45,441	-36,234	26,543	4,247	39,401	74,781	91,044	84,717	29,692	-2,426	0	0	0
Trade and other receivables
14,559	-9,379	-15,808	-16,143	-16,770	-16,094	-9,322	-13,175	-8,112	4,421	13,592	-439	-22,926	-35,923	-65,495	-26,750	-51,031	-67,047	34,121	33,525	68,013	78,469	1,148	-14,785	-25,168	-4,981	-34,070	-59,722	-22,859	-45,836	5,853	56,097	28,824	55,470	34,178	-4,777	23,361	-24,977	0	0	0
Other current and long-term assets
-10,555	-7,629	2,333	4,589	5,328	6,827	1,455	-2,876	4,251	1,722	4,961	10,912	9,455	8,661	6,422	-37	-7,814	-241	-1,773	1,607	-2,497	-3,174	-11,291	-16,644	-9,759	-10,462	1,729	8,334	-2,256	-7,688	-3,988	-12,070	6,692	15,817	16,812	22,021	9,793	4,119	0	0	0
Accounts payable and accrued liabilities
-39,916	-3,275	-47,594	-35,311	-3,141	13,008	25,461	16,900	-20,637	-24,710	854	10,979	-4,582	-34,240	-59,940	-55,172	-25,534	-55,234	-45,428	-35,213	-30,167	501	31,949	-31,331	72,573	91,816	88,627	64,541	5,352	5,828	-182	41,265	22,059	-35,462	-25,115	-11,988	-63,804	48,549	0	0	0
Oil and natural gas production payable
-18,383	2,170	-13,355	-9,053	-10,022	-15,300	3,087	4,154	2,665	-3,997	-4,310	-15,780	-6,515	-6,752	-27,645	-31,240	-30,689	-40,833	-55,759	-57,690	-68,138	-46,506	-35,605	-9,524	4,223	12,731	2,637	4,747	-10,566	-23,460	18,586	16,271	35,151	54,391	45,831	34,464	20,941	15,565	0	0	0
Other liabilities
-11,723	-13,250	36,063	38,209	40,439	42,645	-4,717	-3,593	-5,029	-5,933	-4,845	-9,554	-7,760	-7,029	-9,137	-5,032	-6,415	-7,043	-6,308	-3,383	-4,908	-4,970	-7,217	-7,784	-9,205	-15,497	-16,924	-20,403	-20,575	-41,359	-49,384	-53,879	-51,572	-27,955	2,943	-8,346	-6,362	-5,886	0	0	0
Net cash provided by operating activities
491,619	494,143	479,733	497,059	502,424	529,685	517,814	435,561	334,508	267,143	202,723	233,487	241,456	219,223	324,266	500,527	728,569	864,304	1,037,125	1,104,841	1,145,731	1,222,825	1,234,083	1,199,156	1,306,877	1,361,195	1,396,974	1,385,015	1,388,413	1,410,891	1,391,848	1,414,081	1,371,636	1,204,814	1,102,128	994,873	867,475	855,811	0	0	0
Cash flows from investing activities
Oil and natural gas capital expenditures
221,035	262,005	311,047	330,443	346,964	316,647	275,389	267,441	267,384	262,867	264,378	246,609	229,487	243,027	288,081	325,917	379,898	476,398	612,782	772,065	910,801	946,846	910,963	865,622	871,541	900,221	962,267	1,034,770	1,047,286	1,122,615	1,190,215	1,185,260	1,194,803	1,082,853	912,768	826,002	769,223	671,574	0	0	0
Acquisitions of oil and natural gas properties
-	-	-	-	-	-	-	-	-	88,886	91,874	89,614	17,308	1,310	0	0	0	-	-	-	-	8,773	0	0	0	-	-	-	155,591	156,082	156,650	157,189	6,096	35,305	35,573	33,911	55,133	25,672	0	0	0
Cash paid in Riley Ridge acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	947,241	0	0	0
CO2 capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,301	31,756	33,841	47,080	48,134	59,087	78,937	82,639	93,744	110,027	122,438	127,364	131,043	116,188	106,060	88,332	84,789	0	0	0	-	-	-	-
Pipelines and plants capital expenditures
31,931	27,319	29,939	25,817	24,634	23,108	20,195	9,788	2,450	2,540	0	0	0	-	-	-	19,908	31,728	50,397	57,970	62,009	72,151	95,153	121,336	156,467	184,286	235,612	258,222	320,392	330,417	325,186	307,571	257,677	236,133	0	0	0	-	-	-	-
Purchases of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,197	42,560	46,782	52,765	65,987	36,779	37,842	35,687	25,765	22,293	19,214	21,013	28,838	0	0	0	-	-	-	-
CO2 and other non-hydrocarbon gases - capital expenditures, including pipelines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deposit received on divesture of Southern Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net proceeds from sale of interests in Genesis
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162,619	0	0	0
Net proceeds from sales of oil and gas properties and equipment
50,635	10,196	10,948	6,116	6,344	7,762	7,592	3,048	2,803	1,696	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	8,037	7,089	7,944	8,841	34,750	55,745	83,240	83,953	69,370	0	0	0	-	-	-	-
Addition to restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net proceeds from sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,545	83,545	83,545	83,545	0	0	0	0	-	-	-	-
Other
-11,385	-12,669	-5,335	954	2,028	-5,136	-8,178	-4,601	-1,077	2,058	3,654	4,044	1,869	3,064	4,406	-29,013	-8,228	-5,555	-3,998	25,856	5,817	1,107	-1,425	8,995	26,237	29,865	34,199	27,815	12,794	10,883	14,406	14,570	10,112	8,147	-15,855	-9,521	-5,543	1,165	0	0	0
Premium paid on repayment of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,475	36,475	36,475	34,660	0	0	0	0	13,137	13,137	13,136	26,607	7,213	0	0	0
Proceeds from issuance of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200,000	1,200,000	1,200,000	1,200,000	0	0	0	0	400,000	400,000	400,000	400,000	1,000,000	0	0	0
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Escrowed funds for redemption of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in investing activities
-194,179	-269,692	-331,122	-357,517	-373,701	-333,276	-279,735	-271,417	-340,777	-356,814	-364,467	-297,438	-205,122	-204,663	-256,652	-341,193	-424,561	-550,185	-715,372	-896,365	-1,032,579	-1,076,755	-1,112,529	-1,126,638	-1,191,417	-1,275,309	-1,090,572	-1,193,190	-1,408,604	-1,376,841	-1,685,678	-1,822,342	-1,609,798	-1,605,958	-992,879	-729,006	124,504	-354,780	0	0	0
Cash flows from financing activities
Bank repayments
983,791	925,791	680,000	1,110,000	1,514,000	1,982,653	2,344,653	1,946,653	1,817,653	1,589,000	1,556,000	1,532,500	1,377,500	1,730,500	1,733,500	1,849,000	1,963,000	1,862,000	2,273,000	2,301,000	2,389,000	2,609,000	2,207,000	1,895,000	1,545,000	1,550,000	1,755,000	2,125,000	2,225,000	1,555,000	1,045,000	600,000	350,000	330,000	266,000	146,000	1,035,000	1,530,000	0	0	0
Bank borrowings
983,791	925,791	730,000	775,000	1,064,000	1,507,653	1,849,653	1,871,653	1,912,653	1,763,000	1,791,000	1,702,500	1,422,500	1,856,500	1,783,500	1,819,000	1,808,000	1,642,000	2,073,000	2,206,000	2,254,000	2,664,000	2,307,000	2,080,000	1,870,000	1,190,000	1,440,000	1,865,000	2,055,000	1,870,000	1,560,000	1,120,000	795,000	715,000	250,000	95,000	219,000	1,114,000	0	0	0
Cash paid in conjunction with debt repurchases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pipeline financing and capital lease debt repayments
13,490	13,908	15,226	17,948	21,121	23,300	25,292	26,359	26,694	27,462	27,862	28,241	28,517	28,849	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest payments treated as a reduction of debt
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment or repurchases of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	76,708	77,193	56,006	56,006	485	0	0	0	-	-	-	-	651,270	651,270	651,270	613,064	0	0	0	55,448	525,000	525,000	525,000	1,587,158	609,424	0	0	0
Costs of debt financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,161	20,043	20,049	20,023	34	36	-140	4,693	13,123	13,123	13,293	8,563	76,251	0	0	0
Common stock repurchase program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	211,356	278,117	392,891	411,912	281,958	449,930	351,903	332,882	251,480	0	0	0	-	-	-	-	-	-	-	-
Cash dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,426	87,225	87,111	87,385	87,044	65,241	43,461	21,727	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-1,506	348	5,272	41	-5,294	-13,486	-13,675	4,877	-4,606	1,216	13,230	6,499	-1,788	-46	-19,842	-22,442	-6,384	-14,907	24,123	23,361	13,837	14,771	-18,935	-18,612	-21,016	-22,346	-31,170	-24,376	-24,277	-17,718	2,859	-1,128	3,292	-545	4,520	11,746	2,062	5,873	0	0	0
Net cash used in financing activities
-280,173	-246,355	-198,547	-133,237	-122,081	-157,452	-170,794	-167,717	4,559	88,613	159,479	66,523	-41,901	-15,012	-76,553	-161,202	-301,777	-334,460	-328,977	-216,109	-115,023	-135,104	-128,666	-136,337	-169,837	-172,210	-303,888	-144,073	5,094	45,768	293,501	314,582	187,671	37,968	-171,231	-211,549	-973,307	-139,753	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
17,267	-21,904	-49,936	6,305	6,642	38,957	67,285	-3,573	-1,710	-1,058	-2,265	2,572	-5,567	-452	-8,939	-1,868	2,231	-20,341	-7,224	-7,633	-1,871	10,966	-7,112	-63,819	-54,377	-86,324	2,514	47,752	-15,097	79,818	-329	-93,679	-50,491	-363,176	-61,982	54,318	18,672	361,278	0	0	0