Earthstone energy inc (ESTE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Mar'14Dec'13Mar'13Dec'12Mar'12Mar'11
Cash flows from operating activities:
Net loss

-

-

-

-

-

-28,834

3,939

-19,875

1,780

-53,321

3,279

1,602

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

1,580

95,213

-44,733

-54,541

-116,655

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization

69,243

47,568

36,915

25,937

31,228

18,414

-

17,111

-

12,191

-

-

Impairment of proved and unproved oil and gas properties

0

4,581

72,191

24,283

138,086

19,359

-

12,298

-

52,475

-

-

Impairment of goodwill

-

-

-

17,532

1,547

0

-

-

-

-

-

-

Asset Retirement Obligation, Accretion Expense

214

169

434

551

550

317

-

217

-

179

-

-

Settlement of asset retirement obligations

374

79

9

15

108

56

-

-

-

-

-

-

Dry hole costs

-

-

-

-

-

-

-

2,096

-

57

-

-

Gain (Loss) on Disposition of Oil and Gas Property

3,222

1,919

9,105

8

1,617

-

-

-121

-

4,785

-

-

Unrealized loss on derivative contracts

-

-

-

-

-

-

-

-45

-

-

-

-

Rig idle and termination expense

-

-

-

5,059

-

-

-

-

-

-

-

-

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

-43,983

60,947

-7,986

-6,638

6,431

4,392

-

-

-

-

-

-

Operating portion of net cash received in settlement of derivative contracts

-15,866

15,090

708

-3,225

-6,306

-778

-

-

-

-

-

-

Accretion of asset retirement obligation

-

-

-

-

-

-

202

-

177

-

172

166

Stock-based compensation

8,648

7,071

6,601

3,301

-

-

-

-

-

-

-

-

Depletion and depreciation

-

-

-

-

-

-

3,881

-

2,017

-

1,116

1,165

Deferred income taxes

1,665

2,470

-16,400

528

-26,533

22,105

1,515

-

240

-

412

102

Write-off of deferred financing costs

1,242

0

526

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

412

325

257

298

264

164

-46

103

-48

48

0

-

Payments on asset retirement obligation

-

-

-

-

-

-

-

-

-

-

-

-283

Share-based compensation

-

-

-

-

-

-

158

-

170

-

88

75

Amortization of deferred financing costs

-

-

-

-

-

-

13

-

2

-

0

-

Changes in assets and liabilities:
(Increase) decrease in accounts receivable

18,035

8,195

-444

-3,807

-9,246

5,305

-1,270

12,141

-904

-1,202

-476

-581

(Increase) decrease in prepaid expenses and other current assets

-66

376

335

-511

-779

194

-501

81

-74

-89

-4

193

Increase (decrease) in accounts payable and accrued expenses

-10,438

1,132

-282

-9,151

-30,887

28,408

-

2,171

-

6,762

-

-

Increase (decrease) in revenues and royalties payable

7,067

31,869

-2,888

2,194

-8,739

7,099

-

9,698

-

88

-

-

Increase (decrease) in advances

8,331

-1,413

45

-

-

-

-

-

-

-

-

-

Increase (decrease) in advances

-

-

-

-10,905

-5,929

17,925

-

3,520

-

-

-

-

Issuance of long-term debt

-

-

-

-

-

-

5,000

-

4,000

10,825

0

-

Accounts payable, accrued and other liabilities

-

-

-

-

-

-

-1,496

-

459

-

691

185

Net cash provided by operating activities

126,248

102,379

50,951

-

-

-

6,441

-

3,867

-

5,278

2,624

Net cash provided by (used in) operating activities

-

-

-

1,712

-10,440

75,788

-

15,283

-

14,985

-

-

Cash flows from investing activities:
Acquisition of oil and gas properties

0

32,551

55,609

-

8,706

18,772

-

86,687

-

-

-

-

Additions to oil and gas properties

204,268

149,999

-

-

-

-

-

-

-

-

-

-

Additions to oil and gas properties

-

-

65,262

28,417

61,060

83,041

-

31,162

-

39,433

-

-

Additions to office and other equipment

527

170

167

117

378

1,385

-

678

-

97

-

-

Insurance proceeds

-

-

-

-

-

-

-

923

-

-

-

-

Proceeds from sales of oil and gas properties

4,184

5,965

34,735

-

3,441

-

292

488

0

9,976

5,404

0

Oil and gas properties

-

-

-

-

-

-

10,934

-

12,243

-

7,687

3,302

Purchases of support equipment and other non-current assets

-

-

-

-

-

-

261

-

174

-

184

54

Net cash used in investing activities

-200,611

-176,755

-86,303

-

-

-

-10,903

-

-12,417

-

-2,467

-3,356

Proceeds from sale of land

-

-

-

-

101

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-59,868

-66,602

-107,437

-

-117,116

-

-29,554

-

-

Cash flows from financing activities:
Proceeds from borrowings

234,680

156,830

85,000

36,597

-

11,191

-

-

-

-

-

-

Repayments of borrowings

143,508

103,002

74,298

38,549

-

10,825

-

-

-

-

-

-

Cash paid related to the exchange and cancellation of Class A Common Stock

1,135

1,524

675

-

-

-

-

-

-

-

-

-

Cash paid for finance leases

400

-

-

-

-

-

-

-

-

-

-

-

Reduction of long-term debt

-

-

-

-

-

-

-

-

-

5,192

-

-

Deferred financing costs

1,836

507

1,358

81

141

613

-

425

-

20

-

-

Contributions, net of issuance costs

-

-

-

-

-

106,920

-

107,530

-

24,790

-

-

Issuance of Class A Common Stock, net of offering costs of $2.2 million

-

-

39,438

47,125

-

-

-

-

-

-

-

-

Distributions

-

-

-

-

-

-

-

-

-

1,187

-

-

Net cash (used in) provided by financing activities

-

-

-

45,092

-141

106,673

-

107,105

-

29,216

-

-

Repurchase of common shares

-

-

-

-

-

-

-

-

-

-

84

122

Purchase of treasury shares

-

-

-

-

-

-

1

-

0

-

-

-

Net cash (used in) provided by financing activities

87,809

51,797

48,107

-

-

-

4,953

-

3,952

-

-84

-122

Net increase (decrease) in cash

13,446

-22,579

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

12,755

-13,064

-77,183

75,024

491

5,272

-4,598

14,647

2,727

-854

Supplemental disclosure of cash flow information
Cash paid for:
Interest

6,405

2,290

2,495

-

-

-

-

-

-

-

-

-

Interest

-

-

-

961

415

493

154

375

15

238

0

0

Cash paid for income tax

-

-

-

-

-

-

1

-

341

-

1

204

Non-cash investing and financing activities:
Increase in oil and gas property due to asset retirement obligation

-

-

-

-

-

-

85

-

102

-

133

265

Vested shares issued as compensation

-

-

-

-

-

-

-

-

-

-

-

74

Accrued capital expenditures

28,356

22,801

19,883

2,374

7,665

18,219

1,539

-

1,546

-

957

141

Lease asset additions - ASC 842

3,722

0

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

105

252

-42

152

150

237

-

-

-

-

-

-

Promissory Note

-

-

-

5,059

-

-

-

-

-

-

-

-

Asset retirement obligations

-

-

-

-

-

-

-

1,033

-

66

-

-

Acquisition of oil and gas properties

-

-

-

-

1,991

-

-

-

-

-

-

-

Prepaid capital expenditures

-

-

-

-

-

-

272

-

9

-

230

-