Diamondback Energy, Inc. FANG Cash Flow

Diamondback energy, inc. (FANG)

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
Cash flows from operating activities:
Cash flows from operating activities:
Net (loss) income
-400,000	-472,000	388,000	356,000	43,000	306,000	160,000	301,000	178,000	129,850	81,948	164,128	141,074	28,440	-600	-157,121	-35,627	-186,835	-156,042	-211,352	6,439	99,917	44,641	27,824	23,589	20,124	14,596	14,471	5,396	-52,074	452	13,624	1,477
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Provision for (benefit from) deferred income taxes
83,000	-124,000	102,000	102,000	-33,000	85,000	43,000	-7,000	47,000	-23,313	979	909	1,425	0	0	0	0	-6,755	-63,599	-133,616	2,425	60,225	19,996	15,163	13,601	11,500	9,099	7,802	3,162	54,903	0	0	0
Impairment of oil and natural gas properties
1,009,000	-	-	-	0	-	-	-	-	-	-	-	-	0	46,368	168,352	30,816	217,610	273,737	323,451	0	-	-	-	-	-	-	-	-	-	-	-	-
Asset Retirement Obligation, Accretion Expense
2,000	1,000	1,000	3,000	2,000	1,000	0	0	1,000	-30	357	350	323	294	270	254	246	245	238	180	170	164	127	104	72	67	46	45	43	35	22	21	20
Depreciation, depletion and amortization
407,000	401,000	365,000	359,000	322,000	232,000	146,000	130,000	115,000	105,319	87,579	75,173	58,929	51,329	44,746	39,871	42,069	48,549	52,375	57,096	59,677	53,641	45,370	40,021	30,973	23,621	17,423	14,815	10,738	9,721	6,136	5,659	4,757
Amortization of debt issuance costs
2,000	5,000	1,000	2,000	1,000	10,000	1,000	0	1,000	1,172	1,017	959	852	694	683	672	668	683	639	649	630	620	559	488	458	492	208	165	153	147	135	107	105
Change in fair value of derivative instruments
455,000	-158,000	166,000	89,000	-285,000	246,000	-10,000	-14,000	0	-93,365	-58,645	28,635	39,375	-13,664	2,425	-11,592	-3,691	-35,386	-7,901	-44,425	-25,206	111,479	16,440	-7,468	-3,342	1,613	-1,696	3,892	1,537	600	-3,148	9,957	-4,792
Income (Loss) from Equity Method Investments
-	-	-	-	-	-	-	-	2,000	691	153	153	3	611	47	18	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-54	-13
Loss (gain) on revaluation of investment
10,000	-1,000	0	0	-4,000	6,000	0	-4,000	-1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity-based compensation expense
9,000	21,000	4,000	9,000	14,000	9,000	5,000	6,000	7,000	6,582	6,187	6,168	7,063	5,810	6,265	6,028	8,350	4,870	4,402	4,333	4,924	4,429	2,069	1,128	2,190	326	490	281	655	2,609	291	291	291
(Gain) loss on sale of assets, net
-	-	-	-	-	-	-	-	-	614	319	55	12	98	-65	28	0	-	-	-	-	9	-8	-1,408	11	8	1	21	9	11	16	8	2
Accounts receivable-related party
-	-	-	-	-	-	-	-	-	-	6	-90	-199	284	-1,593	42	-27	-2,149	0	0	0	87	605	1,012	995	182	5,460	-1,202	-3,908	-1,035	2,050	3,196	-10,307
Restricted cash
-	-	-	-	-	-	-	-	-	500	0	0	-500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-175,000	71,000	22,000	31,000	63,000	-34,000	20,000	7,000	-6,000	73,578	-12,715	16,033	20,104	27,430	10,034	21,005	-23,439	4,114	-4,057	-2,050	-7,005	5,457	15,401	6,094	12,490	6,711	1,077	3,792	8,393	780	1,341	-440	3,355
Inventories
-1,000	2,000	0	4,000	4,000	0	-4,000	5,000	13,000	-700	-359	2,015	1,044	14	475	-97	-137	1	-56	-189	20	0	62	-1,235	258	-245	-405	7	89	595	225	631	-812
Prepaid expenses and other
4,000	-21,000	-36,000	19,000	9,000	-31,000	3,000	-4,000	7,000	1,758	4,276	-14,928	19,894	-1,355	2,638	-1,104	530	1,879	-174	-632	237	-1,080	5,462	-92	311	-1,105	-141	1,102	415	607	-1,591	1,533	57
Accounts payable and accrued liabilities
-35,000	7,000	30,000	24,000	-190,000	-25,000	19,000	16,000	-17,000	18,695	-8,477	16,501	10,281	5,332	7,981	7,730	-5,121	-21,954	23,743	15,239	-16,226	-983	5,736	-5,514	7,590	13,264	2,781	1,300	3,243	5,006	87	2,740	-682
Accounts payable and accrued liabilities-related party
-	-	-	-	-	-	-	-	-	-	0	0	-2	0	-680	476	-12	218	0	-14,128	14,128	0	-17	-296	296	-46	-8	34	-108	-3,507	3,773	-1,274	-210
Income tax payable
-	-	-	-	-	-	-	-	-	-17	0	1,017	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
31,000	24,000	1,000	-35,000	5,000	-35,000	25,000	-23,000	11,000	-19,262	6,018	-18,069	10,313	-11,725	8,573	-8,584	8,575	-8,579	8,528	-8,680	8,476	-8,467	8,525	3,415	0	-	-	-	-	-	-	-	-
Revenues and royalties payable
14,000	71,000	68,000	-12,000	8,000	5,000	-1,000	-5,000	13,000	15,343	1,014	3,241	25,402	5,844	4,920	-357	-3,968	-3,455	1,313	2,562	-13,454	12,049	2,496	2,810	3,420	2,695	1,510	1,642	108	845	-391	885	-1,234
Revenues and royalties payable-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101	-809	-1,545	-50
Net cash provided by operating activities
849,000	882,000	809,000	666,000	377,000	412,000	389,000	425,000	339,000	250,982	243,587	218,504	175,927	105,734	104,565	49,021	72,760	76,897	139,818	100,643	99,143	104,394	92,289	88,240	71,466	64,130	41,849	32,943	16,855	16,228	10,803	3,109	19,552
Cash flows from investing activities:
Drilling, completions and non-operated additions to oil and natural gas properties
690,000	674,000	728,000	622,000	533,000	459,000	286,000	334,000	280,000	205,511	239,722	175,593	116,174	120,841	92,417	63,023	86,169	92,800	84,160	97,884	144,397	185,699	102,230	122,568	84,211	90,608	85,416	52,691	50,094	17,178	68,608	1,608	3,021
Infrastructure additions to oil and natural gas properties
56,000	16,000	21,000	47,000	36,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to oil and natural gas properties-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	0	168	305	164	245	19	-6,993	7,000	221	839	921	1,650	2,183	2,296	4,430	4,868	-	-	-	-
Additions to midstream assets
44,000	58,000	75,000	53,000	58,000	74,000	35,000	57,000	38,000	45,509	18,047	4,385	59	0	1,188	0	0	-	-	-	-	72	272	633	532	5,127	0	0	0	-	-	-	-
Purchase of other property, equipment and land
5,000	-3,000	1,000	3,000	4,000	5,000	-2,000	2,000	2,000	1,466	7,709	1,907	11,918	86	8,581	82	1,142	221	388	446	158	998	42,281	339	595	-2,731	3,350	1,313	302	324	141	443	194
Acquisition of leasehold interests
40,000	132,000	184,000	52,000	75,000	1,185,000	85,000	85,000	16,000	68,136	31,884	100,170	1,760,810	19,495	574,252	610	16,923	11,948	-9,891	433,398	2,000	5,344	528,275	0	312,207	10,708	160,443	6,192	0	11,707	-50,576	21,626	28,950
Acquisition of Gulfport properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	18,550	63,590	0	0	0
Acquisitions of mineral interests
65,000	13,000	195,000	43,000	82,000	104,000	83,000	103,000	150,000	36,145	248,176	114,100	8,579	67,939	126,463	9,237	2,082	11,616	32,291	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of midstream assets
-	-	-	-	-	-	-	-	-	-279	0	1,950	48,329	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	62,416	2,289	57	1,238	3,095	1,405	38	123	9,642	97	0	0	45	0	0	11	10	8	45	9	22	16	8	2
Investment in real estate
-	-	-	-	-	0	1,000	0	110,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds held in escrow
-	-	-	-	-	-62,000	62,000	0	-11,000	17,391	0	-2,051	-119,340	121,391	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to equity method investments
33,000	260,000	39,000	37,000	149,000	0	0	0	0	-188	0	0	188	1,545	0	0	800	0	1,027	1,675	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investments
10,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of non-hedge derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	289	1,938	1,762	2,974	2,289
Receipt on derivative margins
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	846	550	929
Net cash used in investing activities
-923,000	-1,144,000	-972,000	-835,000	-937,000	-1,684,000	-621,000	-613,000	-585,000	-367,275	-543,249	-395,997	-1,825,479	-328,202	-801,664	-73,219	-107,157	-107,186	-107,899	-526,410	-153,555	-192,916	-765,436	-124,461	-399,184	-109,968	-691,497	-64,581	-74,094	-96,125	-27,337	-26,093	-33,523
Cash flows from financing activities:
Proceeds from borrowings under credit facility
430,000	941,000	484,000	441,000	484,000	1,624,000	459,000	345,000	224,000	221,000	267,000	266,000	0	66,000	81,000	8,500	8,500	32,500	29,000	306,000	57,501	83,500	259,900	39,000	127,000	10,000	0	12,500	36,500	0	0	2,510	12,490
Repayments under credit facility
140,000	2,550,000	195,000	659,000	314,000	20,000	834,000	80,000	308,000	500	162,500	100,500	120,500	0	78,000	0	11,000	26,000	258,000	199,579	119,422	0	165,900	130,000	0	-	-	-	-	-	-	-	-
Proceeds from senior notes
-	-	-	-	-	0	750,000	0	312,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from joint venture
16,000	-3,000	-1,000	20,000	23,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
0	11,000	-1,000	5,000	3,000	11,000	9,000	2,000	3,000	7,286	109	1,187	418	14,935	62	62	4	223	-14	309	8	1,111	1,319	957	82	2,837	9,452	72	0	378	30	33	9
Public offering costs
-	-	-	-	-	-	-	-	-	490	214	31	265	382	621	0	179	0	301	91	194	791	1,257	871	75	504	58	344	103	1,878	280	495	234
Proceeds from public offerings
0	0	0	765,000	341,000	-1,000	306,000	0	0	-344	222,619	0	147,725	1,150,828	646,157	0	254,518	0	197,628	333,638	119,422	0	580,753	139,035	208,644	0	177,744	144,936	0	-	-	-	-
Proceeds from exercise of stock options
1,000	0	3,000	6,000	0	-	-	-	-	-358	0	0	358	0	0	126	372	2,155	928	902	888	1,950	1,448	1,693	1,990	885	2,616	0	0	-	-	-	-
Repurchased shares for tax withholdings
5,000	0	26,000	-26,000	13,000	14,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchased shares as part of share buyback
98,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Distributions to Affiliates
1,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to stockholders
59,000	30,000	31,000	30,000	21,000	12,000	13,000	12,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interest
43,000	43,000	29,000	24,000	26,000	29,000	31,000	19,000	19,000	13,360	13,517	7,641	6,482	3,177	2,900	1,382	2,115	1,855	2,039	1,759	2,315	2,314	0	0	0	-	-	-	-	-	-	-	-
Contributions by members
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,008
Net cash provided by financing activities
101,000	285,000	-63,000	369,000	471,000	978,000	627,000	230,000	206,000	198,662	313,279	156,641	20,418	1,721,773	645,574	7,182	250,092	6,577	-32,770	438,802	55,872	78,061	676,798	47,900	337,477	8,293	620,850	108,020	36,397	104,813	15,635	16,082	16,255
Net increase (decrease) in cash and cash equivalents
27,000	23,000	-226,000	200,000	-89,000	-294,000	395,000	42,000	-40,000	82,369	13,617	-20,852	-1,629,134	1,499,305	-51,525	-17,016	215,695	-23,712	-851	13,035	1,460	-10,461	3,651	11,679	9,759	-37,545	-28,798	76,382	-20,842	24,916	-899	-6,902	2,284
Supplemental disclosure of cash flow information:
Interest paid, net of capitalized interest
16,000	122,000	39,000	59,000	17,000	62,000	8,000	40,000	4,000	29,298	2,202	25,382	1,118	18,332	1,022	18,000	823	17,641	1,424	18,304	1,389	18,892	1,320	11,260	149	21	0	242	141	239	1,902	111	765
Supplemental disclosure of non-cash transactions:
Asset retirement obligation incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	37
Asset retirement obligation incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	-	185	168	214	64	51	49	62	-	-	-	-
Asset retirement obligation revisions in estimated liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78	-	0	0	588	0	0	0	0	-	-	-	-
Change in accrued capital expenditures
15,000	48,000	-146,000	88,000	-10,000	203,000	-78,000	108,000	41,000	31,895	35,690	58,955	34,460	12,543	1,639	9,877	-23,646	1,119	34,072	-58,797	-45,854	10,883	36,964	-31	6,932	-	-	-	-	-	-	-	-
Capitalized stock-based compensation
6,000	8,000	-1,000	4,000	6,000	3,000	2,000	2,000	3,000	2,589	2,167	1,901	2,343	1,554	916	1,845	2,764	918	1,534	1,452	2,139	-321	2,043	1,649	1,066	-	-	-	-	-	-	-	-
Asset Retirement Obligation, Liabilities Acquired
0	1,000	0	0	3,000	111,000	0	0	0	-411	231	51	2,129	674	2,219	7	796	-	-	-	47	-	2,366	18	1,294	0	471	0	0	-	-	-	-
Ajax Acquisition
Common stock issued
-	-	-	-	-	-	-	-	-	-2,427,519	809,173	809,173	809,173	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-