VAALCO Energy, Inc. EGY Cash Flow

Vaalco energy, inc. (EGY)

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
-52,800	1,014	-3,919	-1,033	6,501	10,424	78,605	544	8,659	3,431	-322	2,283	4,259	-3,641	-14,767	-518	-7,624	-	-	-5,204	-39,005	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,038	-	2,386	7,122	7,188	-18,919	1,412	12,319	10,527	10,702	3,455	13,509	12,896
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
(Income) loss from discontinued operations
-63	-37	-61	-162	5,671	-80	-21	-343	-52	-103	-174	-168	-176	-286	-15,783	-20	7,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
3,103	2,112	1,509	1,909	1,553	2,307	1,130	1,035	1,124	918	1,700	1,970	1,869	1,139	1,607	1,942	2,238	9,514	8,250	9,299	5,935	4,630	4,289	6,995	4,160	5,918	3,954	3,431	3,626	3,198	4,861	6,851	5,003	7,800	5,153	6,545	6,098
Impairment of proved crude oil and natural gas properties
30,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization
60	-	-	-	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization
-	-	-	-	-	-	-	131	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization
-	-	-	-	-	-	-	-	-	-	-	104	97	-	56	973	103	-169	162	151	160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes
35,638	1,755	5,058	5,925	1,742	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign exchange gain
22	4	67	-33	12	-15	-740	-154	75	64	-68	452	128	2,207	-2,277	-626	728	-	-	-	-	81	0	0	-22	0	0	0	-22	-113	0	216	142	-124	183	28	-112
Dry hole costs and impairment of unproved leasehold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	642	-18,269	649	27,222	-1	0	2,768	10,505	2,300	11,354	3,940	4,896	-	-	-	-	-	-	-	-
Stock-based compensation
-2,600	706	1,200	-100	1,700	-1,312	900	2,486	314	165	150	629	154	99	-1,341	1,014	420	786	692	678	1,654	623	641	640	1,417	405	362	832	1,406	351	351	352	1,352	315	320	324	1,258
Derivatives instruments (gain) loss
7,339	-2,712	2,267	1,911	-1,912	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivatives (gain) loss
-	-	-	-	-	-	-	-	-	-	-921	130	-180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlements received on matured derivative contracts, net
-718	-383	-493	-432	-1,131	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt (recovery) expense and other
810	-371	54	5	-29	-9	-157	145	-56	220	-49	183	98	645	63	171	343	-	-	-	-	-	-	-	-	278	143	262	879	662	369	275	315	-	-	-	-
Other operating loss, net
-31	-21	0	0	-37	238	-6	314	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating gain, net
-	-	-	-	-	-	-	-	-	-	-3	230	-63	-	-26	0	18	-1,490	0	58	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operational expenses associated with equipment and other
578	131	-2	49	-109	-91	-44	1,567	172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of proved properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,114	17,988	5,821	5,399	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Trade receivables
-14,335	6,832	-6,325	4,792	-2,871	11,907	-9,607	1,347	4,704	-3,647	-862	1,569	-255	463	-1,423	1,940	70	-1,631	-1,181	-11,044	-318	13,501	-15,558	-12,272	16,885	16,486	-25,741	1,725	16,541	-3,786	-8,244	19,348	-9,444	-1,057	94	705	-3,723
Accounts with joint venture owners
-13,812	14,429	-8,063	695	-4,986	5,214	5,242	-5,074	-8,129	650	2,068	5,489	-8,099	1,842	-9,083	-11,785	2,742	9,158	-163	-9,747	14,568	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts with partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,192	-	-4,764	8,750	11,260	-21,531	8,620	-13,168	7,091	-1,950	1,427	-4,972	324
Other receivables
755	313	-61	153	-311	1,017	290	60	-37	317	-216	-18	-40	30	-64	-39	91	-2,582	635	-218	2,774	-1,085	1,175	1,032	108	-5,914	2,661	286	3,020	1,179	-2,041	-2,058	3,119	715	-5,630	-1,193	548
Crude oil inventory
2,793	297	222	-721	489	-1,447	934	19	-1,984	2,103	208	-85	124	61	66	-216	281	-318	510	-1,245	-213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Crude oil inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-996	-	-151	2,231	-287	-1,034	668	-61	498	-3,518	2,999	167	176
Materials and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-304	-	-418	317	-12	-39	-39	-35	215	-45	-192	0	-29
Prepayments and other
993	-965	804	973	202	-1,177	-751	-40	804	-87	-1,164	141	-536	-1,020	169	-3	337	-1,984	372	-862	-655	410	3,356	4,166	-3,975	-2,350	590	1,422	-256	-2,081	1,253	-1,203	2,797	-2,855	2,882	-849	1,708
Materials and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20	-	-22	21	-53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value added tax and other receivables
370	389	54	20	-738	119	409	332	-83	242	1,653	813	317	411	290	546	690	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-1,130	8,165	-1,424	3,193	-3,923	905	-3,779	756	-1,291	-2,047	-976	4,792	-9,066	8,880	-12,748	-8,950	-2,641	11,457	8,074	3,773	6,883	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign taxes payable
-1,284	2,518	2,743	-3,902	1,037	976	-3,656	3,582	1,849	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and other
-2,073	69	234	4,439	-581	-1,281	-2,231	1,232	149	2,482	545	532	-1,509	-4,610	-120	-1,625	1,769	5,705	403	-10,668	7,594	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,851	7,627	-1,918	-	328	-1,432	3,280	2,022	2,389	-6,754	2,382	2,134	2,054	807	-7,565
Net cash provided by continuing operating activities
27,645	-2,566	17,052	3,086	13,586	1,230	5,450	15,890	15,658	5,944	814	1,940	4,682	839	1,163	3,768	-18,135	2,718	11,863	27,554	-601	-22,762	14,195	64,101	-23,542	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in discontinued operating activities
-18	-13	-4,582	10	-101	-94	-66	-301	-591	-219	-155	-3,465	-584	-882	-2,828	-1,959	17,955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
27,627	-2,579	12,470	3,096	13,485	1,136	5,384	15,589	15,067	5,725	659	-1,525	4,098	-43	-1,665	1,809	-180	-	-	-	-	-	-	-	-	-	46,350	-576	-8,969	-	16,785	12,857	15,161	35,243	13,281	27,266	13,795
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,995	-13	-252	-24	-122	-3	-5,387	9,283	0	142	-207	186	369	-308	818	-23	33	279	-367	323	-31	-343	-3,546
Proceeds from sale of crude oil and natural gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	58	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment expenditures
11,980	6,966	2,219	375	788	922	12,229	553	423	513	268	264	768	-4,076	2,333	8,965	1,483	14,791	12,080	13,126	28,070	21,389	16,812	26,541	24,751	10,741	15,305	22,461	18,372	-	-	-	-	-	-	-	-
Net cash used in continuing investing activities
-11,980	-6,966	-2,219	-375	-788	-922	-12,229	-553	-423	-513	-268	50	-768	-18,161	12,662	-9,776	-1,231	-14,767	-11,958	-13,065	-22,343	-30,672	-16,812	-26,683	-24,544	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in discontinued investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,221	-2,431	210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,286	16,482	10,739	9,010	11,638	5,850	5,475
Net cash used in investing activities
-11,980	-6,966	-2,219	-375	-788	-922	-12,229	-553	-423	-513	-268	50	-768	-18,161	14,883	-12,207	-1,021	-	-	-	-	-	-	-	-	-	-15,674	-22,153	-19,190	-	-16,319	-16,761	-10,372	-9,333	-11,607	-5,507	-1,929
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the issuances of common stock
-	123	26	60	47	-	-	-	-	1	0	0	38	-	-	-	-	-11	0	7	445	-	-	-	-	-	-	-	-	-	-	-	-	651	130	99	1,008
Treasury shares
652	1,486	2,073	247	105	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt repayment
-	-	-	-	-	-	-	-	-	-	-	-	3,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings
-	-	-	-	-	-	-	-	-	0	0	0	4,167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	333	40	192	1,722	-	-	-	-	-	-	-	-	-	-	-	-
Debt repayment
-	-	-	-	-	0	0	7,083	2,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,998	1,998	1,599	1,997	3,696	0	1,499
Net cash used in continuing financing activities
-652	-1,363	-2,047	-187	-58	-25	66	-6,638	-2,083	-2,095	-2,092	-2,083	455	-	-	-	-	-11	0	7	445	276	17,548	428	-1,722	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-652	-1,363	-2,047	-187	-58	-25	66	-6,638	-2,083	-2,095	-2,092	-2,083	455	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,998	1,371	-1,599	-1,346	-3,566	99	-491
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
14,995	-10,908	8,204	2,534	12,639	189	-6,779	8,398	12,561	3,117	-1,701	-3,558	3,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CHANGE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,202	-10,475	-1,201	-15,344	-20,347	14,496	-22,499	-64,447	14,931	37,846	-49,808	30,064	21,757	-23,933	-28,159	-5,464	-1,532	-2,533	3,190	24,564	-1,892	21,858	11,375
Supplemental disclosure of cash flow information:
Interest expense paid in cash
-	-	-	-	-	0	0	85	172	186	237	278	296	280	274	283	489	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	0	0	2,720	-	2,927	5,940	3,202	2,280	2,495	2,605	1,830	4,864	1,045	5,851	3,403	1,557	6,362	5,584	9,538	6,287	9,741	8,675	9,741	23,820	17,753	16,679	25,054	29,876	17,849	29,396	15,154
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment additions incurred but not paid at end of period
10,991	6,604	3,664	1,254	2,124	93	1,582	-93	556	76	-44	213	210	292	-121	-11,030	13,141	-2,965	-15,200	5,390	27,907	-4,194	7,776	3,667	11,304	186	2,016	-539	11,777	39	4,319	-7,086	12,542	505	3,004	2,375	566
Recognition of right-of-use operating lease assets and liabilities
-	-	-	-	38,934	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement cost capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	-	203	410	203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from employees for stock option exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135	-	-	-	916	-	-	-	-