HELMERICH & PAYNE, INC. HP Cash Flow

Helmerich & payne, inc. (HP)

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	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08
Cash flows from operating activities:
Net income (loss)
-503,441	-22,010	-33,656	-72,380	74,295	1,525	482,672	457,687	443,896	406,957	-128,212	-178,515	-177,916	-107,893	-56,828	-11,589	100,483	232,821	420,427	614,555	715,962	736,989	706,563	699,828	773,708	750,218	736,639	733,957	617,723	596,362	581,045	545,350	505,251	474,322	434,186	395,811	249,270	197,227	156,312	124,755	214,514	271,505	353,545	0	0	0
Adjustment for loss from discontinued operations
-971	-11,865	-1,146	-155	73	793	-10,338	-11,437	-10,277	-376	-349	506	-827	-4,451	-3,838	-3,878	-3,898	72	-47	0	0	0	-	-	-	-	15,186	22,695	7,496	7,439	7,436	-167	-151	-278	-482	-634	-102,230	-129,417	-129,769	0	0	0	-	-	-	-
Income (loss) from continuing operations
-502,470	-10,145	-32,510	-72,225	74,222	732	493,010	469,124	454,173	407,333	-127,863	-179,021	-177,089	-103,442	-52,990	-7,711	104,381	232,749	420,474	614,613	716,004	737,051	706,610	699,858	758,546	735,024	721,453	711,262	610,227	588,923	573,609	545,517	505,402	474,600	434,668	396,445	351,500	326,644	286,081	0	0	0	-	-	-	-
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
540,320	551,474	562,803	578,198	579,480	581,995	583,802	587,397	587,861	594,963	585,543	607,918	601,565	590,305	598,587	596,930	603,205	611,936	608,039	584,251	568,264	541,979	523,984	491,979	480,791	469,261	455,623	451,967	429,359	407,860	387,549	359,422	343,349	328,576	315,468	301,690	287,789	275,121	262,658	250,871	239,860	233,480	227,535	0	0	0
Amortization of debt discount and debt issuance costs
1,880	1,847	1,732	1,445	1,288	1,130	1,067	1,064	1,061	1,058	1,055	1,078	1,135	1,176	1,168	1,143	1,120	946	749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for (recovery of) bad debt
4,175	-621	2,321	2,139	1,689	3,013	2,193	-1,244	-1,375	-281	2,016	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	3,875	3,984	3,995	205	205	105	105	107	106	205	206	205	206	-1,221	-657	-651	-645	0	0	0
Equity in income of affiliate before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,308	0	0	0
Stock-based compensation
38,655	37,335	34,292	33,682	32,730	31,758	31,687	30,408	29,250	27,369	26,183	23,969	22,875	22,363	24,383	25,736	26,103	26,134	25,195	24,734	26,978	26,675	26,703	26,889	24,349	24,253	23,271	22,249	21,046	20,184	18,078	16,287	14,715	12,836	12,101	12,095	12,074	12,034	15,855	14,930	14,035	13,156	8,348	0	0	0
Loss on investment securities
-27,123	-8,823	-54,488	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of subsidiary
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from sale of assets
-	-	-	-	-	-	22,700	18,140	15,689	25,323	20,600	19,669	18,354	6,149	9,896	10,835	12,079	12,250	11,834	16,012	16,349	17,592	19,083	16,275	18,153	19,368	18,923	19,396	17,252	19,759	19,223	18,006	19,632	15,917	13,903	11,009	9,770	6,650	4,992	4,941	4,429	5,499	5,402	0	0	0
Gain from involuntary conversion of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	541	0	0	0
Deferred income tax (benefit) expense
-160,259	-53,627	-44,554	-13,770	28,442	18,093	-486,758	-494,804	-496,446	-510,782	-24,111	-45,596	21,173	22,846	60,088	63,331	2,630	26,837	131,431	143,453	146,059	148,952	26,132	42,400	23,181	19,862	29,557	68,024	116,915	150,984	196,931	176,750	192,175	203,156	187,651	224,607	177,637	139,536	105,691	40,870	66,589	138,247	158,153	0	0	0
Other
5,818	5,555	5,248	-8,331	2,200	-3,079	-6,710	-4,216	-6,212	-4,332	-543	42	-78	72	-151	0	0	0	-	-	-	-	-	-	-	-	-2,490	0	0	0	-	-	-	-	-	-3	-221	-114	-79	0	0	0	-	-	-	0
Change in assets and liabilities increasing (decreasing) cash:
Accounts receivable
-18,964	-47,354	-70,323	-65,308	9,769	11,724	85,202	121,680	189,183	196,940	97,114	87,848	12,152	-46,757	-72,792	-126,885	-302,365	-375,873	-259,024	-243,552	-3,917	106,404	70,458	83,282	20,759	53,940	4,806	22,042	96,030	84,989	160,154	160,238	78,128	83,097	2,987	109,419	152,775	152,740	223,916	88,996	-108,379	-128,687	-156,863	0	0	0
Inventories of materials and supplies
-3,709	-4,644	-1,821	6,049	19,722	22,423	22,427	13,706	9,307	10,748	10,607	9,518	4,221	1,076	-1,944	1,370	5,751	17,027	23,052	21,265	24,069	12,880	16,623	19,664	17,104	18,785	12,289	16,167	21,315	19,643	22,170	20,813	15,567	15,220	11,005	6,101	5,106	2,498	3,858	3,060	3,597	3,730	10,981	0	0	0
Prepaid expenses and other
20,098	19,939	176	3,760	6,859	1,091	3,827	6,991	-18,614	-19,492	-29,452	-30,897	-1,617	-8,485	2,460	-19,368	-21,927	1,066	4,457	48,304	47,122	39,913	12,862	5,163	4,096	4,135	-5,321	-28,778	-25,692	-25,826	28,073	21,624	14,133	16,727	-12,623	8,101	-7,273	-4,903	12,800	9,506	31,194	16,560	9,442	0	0	0
Other noncurrent assets
-4,279	3,790	10,430	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
15,256	-18,739	-9,147	-10,698	6,019	12,548	-4,461	4,527	-5,066	14,532	39,412	44,134	34,026	15,530	-10,907	-11,492	-55,816	-54,321	-38,983	-25,998	12,492	14,381	-16,104	-20,486	-7,413	-23,461	-52,076	5,975	-2,841	-17,793	54,906	17,842	22,396	60,328	17,362	9,166	5,128	9,932	16,760	-16,833	-45,659	-63,362	-24,996	0	0	0
Accrued liabilities
-26,803	35,713	40,887	11,240	30,424	24,055	43,798	58,004	53,677	50,437	-36,120	-18,526	-78,376	-94,341	49,562	54,851	73,923	86,511	-24,756	-61,230	6,775	-40,424	35,378	-27,398	13,068	-1,287	24,259	91,253	6,452	63,655	195	-2,532	21,352	36,346	20,483	9,253	1,480	-40,270	14,031	31,008	-9,281	20,067	2,672	0	0	0
Deferred income tax liability
-533	-683	-371	-4,790	-8,408	25	-2,268	2,109	5,183	-2,909	-3,472	-4,100	-3,798	-2,766	-3,703	-3,044	-3,248	-4,453	-688	-495	-380	-290	749	1,309	1,571	2,336	1,673	1,145	1,596	947	180	284	-213	-595	-251	-2,135	-4,471	-1,156	-2,453	-538	3,067	3,284	8,234	0	0	0
Other noncurrent liabilities
2,613	9,737	2,251	-10,343	-2,841	-2,812	-10,787	-11,366	-8,031	-14,893	-13,075	-6,295	-21,208	-21,900	-16,831	-20,878	-10,105	14,594	38,322	41,377	34,429	9,079	-10,142	-10,812	-15,599	-18,563	-17,371	-15,156	-11,158	-393	-1,592	1,697	-6,559	-8,396	6,129	7,827	15,877	12,232	8,402	2,967	2,205	2,056	-1,525	0	0	0
Net cash provided by operating activities from continuing operations
679,420	758,086	855,813	845,870	759,337	687,867	558,021	502,557	428,738	376,621	371,349	379,514	412,423	520,782	754,484	892,364	1,104,458	1,343,389	1,428,621	1,482,801	1,405,681	1,217,595	1,129,129	1,033,467	1,042,721	959,927	996,999	1,148,802	1,055,827	1,105,677	1,000,396	894,254	964,778	975,813	978,034	828,937	692,169	582,241	466,650	0	0	0	-	-	-	-
Net cash used in operating activities from discontinued operations
-45	-36	-62	-75	-118	-138	-169	-185	-166	-188	-150	-138	-131	-76	47	64	65	72	-47	0	0	0	-	-	-	-	186	195	-4	-61	-64	-167	-151	-278	-482	-3,243	-3,643	-3,614	-4,362	0	0	0	-	-	-	-
Net cash provided by operating activities
679,375	758,050	855,751	845,795	759,219	687,729	557,852	502,372	428,572	376,433	371,199	379,376	412,292	520,706	754,531	892,428	1,104,523	1,343,461	1,428,574	1,482,743	1,405,639	1,217,533	1,129,082	1,033,437	1,042,883	960,121	997,185	1,148,997	1,055,823	1,105,616	1,000,332	894,087	964,627	975,535	977,552	825,694	688,526	578,627	462,288	494,521	630,960	763,676	895,939	0	0	0
Cash flows from investing activities:
Capital expenditures
222,734	308,329	458,402	547,496	605,362	570,980	466,584	419,950	413,466	407,138	397,567	337,895	251,991	224,826	257,169	379,392	545,897	875,934	1,131,445	1,301,110	1,360,812	1,180,874	951,536	812,544	727,346	730,265	809,066	941,987	1,043,452	1,060,181	1,097,680	974,731	900,714	834,983	694,264	603,148	473,505	381,005	329,572	362,533	493,273	691,249	876,839	0	0	0
Insurance proceeds from involuntary conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	541	0	0	0
Purchase of short-term investments
91,582	95,276	97,652	90,742	76,671	86,190	71,049	73,067	68,751	71,024	69,866	69,276	73,306	65,383	57,276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	0	0	0	-	-	-	-
Payment for acquisition of business, net of cash acquired
13,382	13,382	16,163	2,781	2,781	2,835	47,886	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of short-term investments
72,644	79,905	86,765	84,321	94,771	82,516	68,776	68,769	67,469	73,669	69,449	78,850	70,705	67,681	58,381	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of subsidiary
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from asset sales
51,057	51,086	50,817	52,559	51,114	47,241	44,381	33,540	27,779	30,952	23,412	26,962	25,589	16,996	21,845	17,690	17,203	21,541	22,643	26,448	32,010	29,423	30,176	27,782	25,196	28,525	28,026	29,785	30,502	37,153	39,894	36,895	35,316	33,922	26,795	23,308	21,272	8,409	7,867	7,708	7,353	9,144	8,069	0	0	0
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-309,205	0	0	0	-	-	-	-
Net cash provided by investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	0	0	0	-	-	-	-
Net cash used in investing activities
-176,993	-258,941	-422,636	-504,139	-538,929	-530,248	-472,362	-438,594	-505,271	-491,789	-444,988	-371,775	-229,003	-205,532	-234,219	-411,586	-574,494	-902,318	-1,154,409	0	0	0	-	-	-	-	-533,819	0	0	0	-	-	-	-797,129	-667,537	-579,908	-456,202	-364,172	-309,260	-341,807	-476,526	-697,604	-884,029	0	0	0
Cash flows from financing activities:
Increase in bank overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,038	0	0	0	-	-	-	0
Dividends paid
312,731	312,901	313,421	313,120	311,577	310,049	308,430	306,822	306,331	305,842	305,515	305,173	303,469	301,768	300,152	298,580	298,320	298,105	298,367	298,671	292,188	285,348	264,386	243,076	191,129	139,481	93,053	46,948	38,448	29,959	30,049	30,139	29,027	27,887	26,741	25,585	24,451	23,343	22,254	21,173	21,150	21,125	21,111	0	0	0
Decrease in notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,733	0	0	0
Proceeds from line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	70,000	195,000	470,000	895,000	1,490,000	2,520,000	3,355,000	3,840,000	0	0	0
Payments on line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	110,000	285,000	605,000	1,060,000	1,635,000	2,615,000	3,360,000	3,790,000	0	0	0
Debt issuance costs paid
0	0	3,912	0	0	0	-	-	-	-	-	-	-	-	1,111	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of stock options, net of tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
4,896	5,199	3,053	4,096	6,967	7,417	6,355	5,561	2,558	1,924	11,285	0	0	0	-	-	-	-	2,650	271	2,470	12,987	23,250	29,569	28,112	21,045	13,317	6,417	5,684	2,773	2,673	4,081	6,221	12,826	15,441	13,923	10,604	3,409	-202	171	1,152	349	1,272	0	0	0
Payments for employee taxes on net settlement of equity awards
3,605	3,606	6,418	7,556	7,591	7,910	7,114	6,303	6,285	5,997	6,599	8,008	8,134	8,102	5,646	3,948	4,509	4,509	5,140	5,104	4,248	4,248	3,049	3,049	3,049	3,049	1,677	1,677	1,677	1,677	1,514	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration from acquisition of business
-	-	-	-	-	-	10,625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,564	1,230	697	3,772	3,861	7,290	19,213	26,616	28,124	24,862	14,253	9,820	7,467	7,184	6,570	3,303	4,415	4,859	12,204	12,511	11,380	12,263	4,428	3,344	3,344	3,095	2,849	1,217	0	0	0
Net cash used in financing activities
-400,270	-367,384	-376,329	-320,492	-322,238	-323,579	-319,814	-318,189	-314,558	-311,415	-300,829	-341,846	-339,556	-337,511	-344,135	-348,350	-351,801	154,355	94,912	0	0	-432,050	-332,569	-228,432	-181,204	-147,232	-111,593	-159,902	-219,867	-214,903	-218,197	-95,450	-19,461	-4,371	-8,789	-35,438	-91,584	-150,506	-186,150	-196,650	-136,903	-50,257	6,683	0	0	0
Net decrease in cash and cash equivalents and restricted cash
102,112	131,725	56,786	21,164	-101,948	-166,098	-234,324	-254,411	-391,257	-426,771	-374,618	-334,245	-156,267	-22,337	176,177	132,492	178,228	595,498	369,077	236,531	146,725	-316,763	-75,642	69,448	411,986	340,268	351,773	331,614	-151,392	-106,713	-268,151	-139,199	83,700	174,035	301,226	210,348	140,740	63,949	-33,122	-43,936	17,531	15,815	18,593	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period:
Interest paid
24,945	20,645	26,739	21,408	21,940	26,567	20,502	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax paid, net
50,600	11,442	16,218	-31,820	-32,551	-35,363	-38,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in accounts payable and accrued liabilities related to purchases of property, plant and equipment
5,226	7,724	17,771	12,964	10,252	10,911	-2,245	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-