Diamondback Energy, Inc. FANG Cash Flow

Diamondback energy, inc. (FANG)

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
Cash flows from operating activities:
Cash flows from operating activities:
Net (loss) income
-128,000	315,000	1,093,000	865,000	810,000	945,000	768,850	690,798	553,926	517,000	415,590	333,042	11,793	-164,908	-380,183	-535,625	-589,856	-547,790	-261,038	-60,355	178,821	195,971	116,178	86,133	72,780	54,587	-17,611	-31,755	-32,602	-36,521	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Provision for (benefit from) deferred income taxes
163,000	47,000	256,000	197,000	88,000	168,000	59,687	17,666	25,575	-20,000	3,313	2,334	1,425	0	-6,755	-70,354	-203,970	-201,545	-134,565	-50,970	97,809	108,985	60,260	49,363	42,002	31,563	74,966	65,867	58,065	54,903	0	0	0
Impairment of oil and natural gas properties
0	-	-	-	0	-	-	-	-	-	-	-	-	245,536	463,146	690,515	845,614	814,798	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Asset Retirement Obligation, Accretion Expense
7,000	7,000	7,000	6,000	3,000	2,000	970	1,327	1,677	1,000	1,324	1,237	1,141	1,064	1,015	983	909	833	752	641	565	467	370	289	230	201	169	145	121	98	0	0	0
Depreciation, depletion and amortization
1,532,000	1,447,000	1,278,000	1,059,000	830,000	623,000	496,319	437,898	383,071	327,000	273,010	230,177	194,875	178,015	175,235	182,864	200,089	217,697	222,789	215,784	198,709	170,005	139,985	112,038	86,832	66,597	52,697	41,410	32,254	26,273	0	0	0
Amortization of debt issuance costs
10,000	9,000	14,000	14,000	12,000	12,000	3,172	3,189	4,148	4,000	3,522	3,188	2,901	2,717	2,706	2,662	2,639	2,601	2,538	2,458	2,297	2,125	1,997	1,646	1,323	1,018	673	600	542	494	0	0	0
Change in fair value of derivative instruments
552,000	-188,000	216,000	40,000	-63,000	222,000	-117,365	-166,010	-123,375	-84,000	-4,299	56,771	16,544	-26,522	-48,244	-58,570	-91,403	-112,918	33,947	58,288	95,245	117,109	7,243	-10,893	467	5,346	4,333	2,881	8,946	2,617	0	0	0
Income (Loss) from Equity Method Investments
-	-	-	-	-	-	-	-	2,997	1,000	920	814	679	676	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-67	0	0	0
Loss (gain) on revaluation of investment
9,000	-5,000	2,000	2,000	-2,000	1,000	-5,000	-5,000	-1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity-based compensation expense
43,000	48,000	36,000	37,000	34,000	27,000	24,582	25,769	25,937	26,000	25,228	25,306	25,166	26,453	25,513	23,650	21,955	18,529	18,088	15,755	12,550	9,816	5,713	4,134	3,287	1,752	4,035	3,836	3,846	3,482	0	0	0
(Gain) loss on sale of assets, net
-	-	-	-	-	-	-	-	-	1,000	484	100	73	61	0	0	0	-	-	-	-	-1,396	-1,397	-1,388	41	39	42	57	44	37	0	0	0
Accounts receivable-related party
-	-	-	-	-	-	-	-	-	-	1	-1,598	-1,466	-1,294	-3,727	-2,134	-2,176	-2,149	87	692	1,704	2,699	2,794	7,649	5,435	532	-685	-4,095	303	-6,096	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	0	-500	-500	-500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-51,000	187,000	82,000	80,000	56,000	-13,000	94,578	61,863	70,896	97,000	50,852	73,601	78,573	35,030	11,714	-2,377	-25,432	-8,998	-7,655	11,803	19,947	39,442	40,696	26,372	24,070	19,973	14,042	14,306	10,074	5,036	0	0	0
Inventories
5,000	10,000	8,000	4,000	5,000	14,000	13,300	16,941	13,956	2,000	2,714	3,548	1,436	255	242	-289	-381	-224	-225	-107	-1,153	-915	-1,160	-1,627	-385	-554	286	916	1,540	639	0	0	0
Prepaid expenses and other
-34,000	-29,000	-39,000	0	-23,000	-25,000	7,758	9,034	-1,894	11,000	7,887	6,249	20,073	709	3,943	1,131	1,603	1,310	-1,649	3,987	4,527	4,601	4,576	-1,027	167	271	1,983	533	964	606	0	0	0
Accounts payable and accrued liabilities
26,000	-129,000	-161,000	-172,000	-180,000	-7,000	36,695	9,218	9,719	37,000	23,637	40,095	31,324	15,922	-11,364	4,398	11,907	802	21,773	3,766	-16,987	6,829	21,076	18,121	24,935	20,588	12,330	9,636	11,076	7,151	0	0	0
Accounts payable and accrued liabilities-related party
-	-	-	-	-	-	-	-	-	-	-2	-682	-206	-216	2	682	-13,922	218	0	-17	13,815	-17	-63	-54	276	-128	-3,589	192	-1,116	-1,218	0	0	0
Income tax payable
-	-	-	-	-	-	-	-	-	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
21,000	-5,000	-64,000	-40,000	-28,000	-22,000	-6,262	-25,244	-20,313	-21,000	-13,463	-10,908	-1,423	-3,161	-15	-60	-156	-255	-143	-146	11,949	3,473	0	0	0	-	-	-	-	-	-	-	-
Revenues and royalties payable
141,000	135,000	69,000	0	7,000	12,000	22,343	24,357	32,598	45,000	35,501	39,407	35,809	6,439	-2,860	-6,467	-3,548	-13,034	2,470	3,653	3,901	20,775	11,421	10,435	9,267	5,955	4,105	2,204	1,447	105	0	0	0
Revenues and royalties payable-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,303	0	0	0
Net cash provided by operating activities
3,206,000	2,734,000	2,264,000	1,844,000	1,603,000	1,565,000	1,403,982	1,258,569	1,052,073	889,000	743,752	604,730	435,247	332,080	303,243	338,496	390,118	416,501	443,998	396,469	384,066	356,389	316,125	265,685	210,388	155,777	107,875	76,829	46,995	49,692	0	0	0
Cash flows from investing activities:
Drilling, completions and non-operated additions to oil and natural gas properties
2,714,000	2,557,000	2,342,000	1,900,000	1,612,000	1,359,000	1,105,511	1,059,233	900,826	737,000	652,330	505,025	392,455	362,450	334,409	326,152	361,013	419,241	512,140	530,210	554,894	494,708	399,617	382,803	312,926	278,809	205,379	188,571	137,488	90,415	0	0	0
Infrastructure additions to oil and natural gas properties
140,000	120,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to oil and natural gas properties-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	637	882	733	-6,565	271	247	1,067	8,981	3,631	5,593	7,050	10,559	13,777	0	0	0	-	-	-	-
Additions to midstream assets
230,000	244,000	260,000	220,000	224,000	204,000	175,509	158,556	105,941	68,000	22,491	5,632	1,247	1,188	0	0	0	-	-	-	-	1,509	6,564	6,292	5,659	5,127	0	0	0	-	-	-	-
Purchase of other property, equipment and land
6,000	5,000	13,000	10,000	9,000	7,000	3,466	13,175	13,082	23,000	21,620	22,492	20,667	9,891	10,026	1,833	2,197	1,213	1,990	43,883	43,776	44,213	40,484	1,553	2,527	2,234	5,289	2,080	1,210	1,102	0	0	0
Acquisition of leasehold interests
408,000	443,000	1,496,000	1,397,000	1,430,000	1,371,000	254,136	201,020	216,190	1,961,000	1,912,359	2,454,727	2,355,167	611,280	603,733	19,590	452,378	437,455	430,851	969,017	535,619	845,826	851,190	483,358	489,550	177,343	178,342	-32,677	-17,243	11,707	0	0	0
Acquisition of Gulfport properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,550	82,140	82,140	82,140	63,590	0	0	0
Acquisitions of mineral interests
316,000	333,000	424,000	312,000	372,000	440,000	372,145	537,321	548,421	407,000	438,794	317,081	212,218	205,721	149,398	55,226	45,989	43,907	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of midstream assets
-	-	-	-	-	-	-	-	-	50,000	50,279	50,279	48,329	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	66,000	6,679	5,795	5,776	4,661	11,208	9,900	9,862	9,739	142	45	45	56	21	29	74	72	84	92	55	48	0	0	0
Investment in real estate
-	-	-	-	-	111,000	111,000	110,000	110,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds held in escrow
-	-	-	-	-	-11,000	68,391	6,391	4,340	-104,000	0	0	2,051	121,391	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to equity method investments
369,000	485,000	225,000	186,000	149,000	0	-188	-188	-188	0	1,733	1,733	1,733	2,345	800	1,827	3,502	2,702	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of non-hedge derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	289	2,227	3,989	6,963	8,963	0	0	0
Receipt on derivative margins
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,326	0	0	0
Net cash used in investing activities
-3,874,000	-3,888,000	-4,428,000	-4,077,000	-3,855,000	-3,503,000	-2,186,275	-2,108,524	-1,891,521	-3,132,000	-3,092,927	-3,351,342	-3,028,564	-1,310,242	-1,089,226	-395,461	-848,652	-895,050	-980,780	-1,638,317	-1,236,368	-1,481,997	-1,399,049	-1,325,110	-1,265,230	-940,140	-926,297	-262,137	-223,649	-183,078	0	0	0
Cash flows from financing activities:
Proceeds from borrowings under credit facility
2,296,000	2,350,000	3,033,000	3,008,000	2,912,000	2,652,000	1,249,000	1,057,000	978,000	754,000	599,000	413,000	155,500	164,000	130,500	78,500	376,000	425,001	476,001	706,901	439,901	509,400	435,900	176,000	149,500	59,000	49,000	49,000	39,010	15,000	0	0	0
Repayments under credit facility
3,544,000	3,718,000	1,188,000	1,827,000	1,248,000	1,242,000	1,222,500	551,000	571,500	384,000	383,500	299,000	198,500	89,000	115,000	295,000	494,579	603,001	577,001	484,901	415,322	295,900	0	0	0	-	-	-	-	-	-	-	-
Proceeds from senior notes
-	-	-	-	-	1,062,000	1,062,000	312,000	312,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from joint venture
32,000	39,000	42,000	43,000	23,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
15,000	18,000	18,000	28,000	25,000	25,000	21,286	12,395	11,582	9,000	16,649	16,602	15,477	15,063	351	275	522	526	1,414	2,747	3,395	3,469	5,195	13,328	12,443	12,361	9,902	480	441	450	0	0	0
Public offering costs
-	-	-	-	-	-	-	-	-	1,000	892	1,299	1,268	1,182	800	480	571	586	1,377	2,333	3,113	2,994	2,707	1,508	981	1,009	2,383	2,605	2,756	2,887	0	0	0
Proceeds from public offerings
765,000	1,106,000	1,105,000	1,411,000	646,000	305,000	305,656	222,275	222,275	370,000	1,521,172	1,944,710	1,944,710	2,051,503	900,675	452,146	785,784	650,688	650,688	1,033,813	839,210	928,432	928,432	525,423	531,324	322,680	0	0	0	-	-	-	-
Proceeds from exercise of stock options
10,000	9,000	0	0	0	-	-	-	-	0	358	358	484	498	2,653	3,581	4,357	4,873	4,668	5,188	5,979	7,081	6,016	7,184	5,491	3,501	0	0	0	-	-	-	-
Repurchased shares for tax withholdings
5,000	13,000	27,000	1,000	27,000	14,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchased shares as part of share buyback
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Distributions to Affiliates
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to stockholders
150,000	112,000	94,000	76,000	58,000	37,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interest
139,000	122,000	108,000	110,000	105,000	98,000	82,360	64,877	53,518	41,000	30,817	20,200	13,941	9,574	8,252	7,391	7,768	7,968	8,427	6,388	4,629	2,314	0	0	0	-	-	-	-	-	-	-	-
Contributions by members
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,008	0	0	0
Net cash provided by financing activities
692,000	1,062,000	1,755,000	2,445,000	2,306,000	2,041,000	1,261,662	947,941	874,582	689,000	2,212,111	2,544,406	2,394,947	2,624,621	909,425	231,081	662,701	468,481	539,965	1,249,533	858,631	1,140,236	1,070,468	1,014,520	1,074,640	773,560	870,080	264,865	172,927	152,785	0	0	0
Net increase (decrease) in cash and cash equivalents
24,000	-92,000	-409,000	212,000	54,000	103,000	479,369	97,986	35,134	-1,554,000	-137,064	-202,206	-198,370	1,646,459	123,442	174,116	204,167	-10,068	3,183	7,685	6,329	14,628	-12,456	-44,905	19,798	-10,803	51,658	79,557	-3,727	19,399	0	0	0
Supplemental disclosure of cash flow information:
Interest paid, net of capitalized interest
236,000	237,000	177,000	146,000	127,000	114,000	81,298	75,500	60,882	58,000	47,034	45,854	38,472	38,177	37,486	37,888	38,192	38,758	40,009	39,905	32,861	31,621	12,750	11,430	412	404	622	2,524	2,393	3,017	0	0	0
Supplemental disclosure of non-cash transactions:
Asset retirement obligation incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Asset retirement obligation incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	631	497	378	226	0	0	0	-	-	-	-
Asset retirement obligation revisions in estimated liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	588	588	588	0	0	0	0	-	-	-	-
Change in accrued capital expenditures
5,000	-20,000	135,000	203,000	223,000	274,000	102,895	216,585	167,540	161,000	141,648	107,597	58,519	413	-11,011	21,422	-47,252	-69,460	-59,696	-56,804	1,962	54,748	0	0	0	-	-	-	-	-	-	-	-
Capitalized stock-based compensation
17,000	17,000	12,000	15,000	13,000	10,000	9,589	9,756	9,657	9,000	7,965	6,714	6,658	7,079	6,443	7,061	6,668	6,043	4,804	5,313	5,510	4,437	0	0	0	-	-	-	-	-	-	-	-
Asset Retirement Obligation, Liabilities Acquired
1,000	4,000	114,000	114,000	114,000	111,000	-411	-180	-129	2,000	3,085	5,073	5,029	3,696	0	0	0	-	-	-	0	-	3,678	1,783	1,765	471	0	0	0	-	-	-	-
Ajax Acquisition
Common stock issued
-	-	-	-	-	-	-	-	-	-2,427,519	809,173	809,173	809,173	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-