Montage resources corporation (ECR)
CashFlow / TTM
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'14
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

48,688

31,762

54,186

53,900

7,354

18,826

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

0

-134,354

-

-948,896

-1,004,415

-973,222

-961,791

-190,564

-128,150

-198,828

-183,176

0

0

0

Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation, depletion, amortization and accretion

170,906

156,552

150,599

139,415

133,579

134,940

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

115,590

108,227

104,024

92,948

138,792

177,739

217,431

244,750

207,496

170,307

119,623

89,218

0

0

0

Exploration expense

48,895

47,775

43,690

36,767

31,134

28,324

38,038

35,988

33,219

31,417

16,107

21,323

26,480

30,853

117,683

108,498

103,581

95,849

0

0

0

-

-

-

-

Exploration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Pension benefit costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

0

0

0

Stock-based compensation

3,643

8,784

9,374

10,484

11,911

7,891

8,575

8,832

9,201

9,301

7,609

6,944

6,824

6,216

6,705

6,179

5,361

4,635

3,563

2,357

974

256

0

0

0

Impairment of oil and gas properties

0

-

-

-

-

-

-

-

-

-

-

-

-

17,665

0

0

0

-

-

-

-

-

-

-

-

Net cash for plugging wells

1,077

1,044

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

511

468

429

391

701

1,013

1,323

1,623

1,413

1,199

991

791

0

0

0

Gain on reduction of pension obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,208

0

0

0

(Gain) loss on derivative instruments

93,658

48,596

43,506

24,431

-21,885

-21,169

-20,075

-18,701

16,053

45,365

-2,546

9,982

-37,791

-52,338

16,087

29,127

55,200

56,021

51,220

33,113

35,773

20,791

0

0

0

Net cash receipts (payments) on settled derivatives

41,745

20,323

-8,189

-25,384

-30,312

-26,985

-4,900

2,062

1,906

-2,224

-2,222

805

16,329

38,696

49,190

53,910

49,487

37,074

25,965

17,217

7,970

564

0

0

0

Loss on sale of assets

113

601

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of assets

-

-

-

-

-

-

-

-

441

-

-7,868

-7,983

-6,953

-6,936

498

310

4,839

4,737

0

0

0

-

-

-

-

(Gain) loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

14,489

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

540

-21,494

-39,834

-56,250

-74,481

0

0

0

-

-

-

-

Interest not paid in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,232

14,787

14,787

9,719

15,721

0

0

0

Amortization of deferred financing costs

2,771

2,781

2,739

2,343

2,331

2,256

2,222

2,177

2,150

2,098

2,058

2,025

1,960

1,962

1,967

1,945

1,956

1,991

1,911

1,877

1,877

1,744

0

0

0

Amortization of debt discount

1,330

1,330

1,330

1,329

1,328

1,327

1,327

1,326

1,326

1,324

1,321

1,332

1,340

1,362

1,390

1,384

1,644

1,886

2,126

2,386

2,380

2,308

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-61,078

-67,652

-73,778

-44,723

-18,432

42,879

84,738

71,192

77,757

31,780

15,123

15,690

21,246

21,277

-41,538

-31,621

-23,999

-20,209

19,544

14,817

5,257

33,605

0

0

0

Other assets

-2,485

-1,893

-571

810

1,921

2,192

337

-158

-461

-1,863

-163

-1,099

-349

1,795

2,076

1,916

484

-445

-644

530

429

1,188

0

0

0

Accounts payable and accrued liabilities

-7,718

-33,182

24,608

19,228

18,767

84,231

40,737

21,564

30,217

18,404

26,109

14,260

13,259

794

-27,100

-20,344

-8,990

17,050

23,738

32,947

16,824

29,517

0

0

0

Net cash provided by (used in) operating activities

285,824

255,429

308,001

257,349

212,894

225,093

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES
Accrued liabilities - affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,951

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

54,313

-

-8,906

13,539

59,008

80,299

93,806

74,117

10,191

8,513

0

0

0

Capital expenditures for oil and gas properties

338,074

349,710

333,757

328,890

267,690

275,601

248,038

249,812

292,215

291,779

329,504

290,454

209,448

167,355

157,336

190,716

292,015

475,659

645,590

790,664

788,972

731,013

0

0

0

Capital expenditures for other property and equipment

698

632

691

432

1,036

1,007

998

2,238

1,984

2,007

2,213

1,285

882

1,164

1,273

880

1,526

1,748

1,978

3,467

2,776

3,637

0

0

0

Proceeds from sale of assets

3,031

1,959

1,820

26

6,260

10,358

11,114

11,121

5,392

1,317

64,865

65,651

74,425

79,201

0

0

0

-

-

-

-

-

-

-

-

Cash acquired in merger

-

12,894

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deposits and other long-term assets

-

53

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-335,791

-335,542

-319,787

-316,455

-249,575

-266,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-135,905

-

-140,870

-174,650

-248,602

-437,268

-594,821

-741,384

-775,534

-718,436

0

0

0

Debt issuance costs

1,193

4,264

4,631

3,802

3,551

497

201

510

567

1,750

1,667

1,527

1,001

-30

0

0

0

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Repayments of long-term debt

264

321

385

507

512

506

636

412

471

453

307

481

14,867

24,045

24,095

508,896

494,478

485,317

0

0

0

-

-

-

-

Proceeds (repayments) from revolving credit facility

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Capital contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124,667

0

0

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

440,000

0

0

0

-

-

-

-

Proceeds from revolving credit facility

52,500

97,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity issuance costs

-

30

68

205

229

344

0

0

0

-

-

-

-

-

-

-

-

5,930

0

0

0

-

-

-

-

Employee tax withholding for settlement of equity compensation awards

1,360

6,675

6,511

6,481

5,736

1,261

1,261

1,143

1,264

2,035

2,035

2,032

1,716

61

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

49,683

86,210

16,905

56,505

22,472

29,892

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

106,229

-

99,576

17,545

30,056

473,857

474,141

431,469

1,033,374

667,931

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

0

-138,657

-

-148,874

-16,981

24,637

16,824

-50,200

-143,566

-159,538

116,888

-26,874

-235,798

268,031

-41,992

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest

59,228

59,552

53,101

52,176

51,661

51,101

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

46,783

-

48,784

51,903

51,667

39,808

0

0

0

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

505

0

0

0

-

-

-

0

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES
Asset retirement obligations incurred, including changes in estimate

-13,752

2,898

1,036

960

17,024

418

502

347

640

679

0

0

0

-

-

-

-

3,435

7,629

7,755

7,640

7,554

0

0

0

Additions of other property through debt financing

-

-

-

-

-

173

0

0

0

-

-

-

-

-

-

-

-

888

0

0

0

-

-

-

-

Additions to oil and natural gas properties - changes in accounts payable, accrued liabilities, and accrued capital expenditures

-22,340

17,725

-2,674

142

21,154

-15,269

-873

36,847

18,002

22,264

9,653

20,134

27,938

8,583

4,141

-54,124

-53,302

-142,665

-108,734

-40,652

38,879

126,656

0

0

0

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Asset acquisition through stock issuance

-

-

-

-

-

90,020

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BRMR Merger consideration

-

275,759

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid-in-kind

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,786

14,786

14,786

14,786

22,461

0

0

0