Key energy services inc (KEG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Nov'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-97,418

-88,796

-120,589

-

-131,736

-917,701

-178,628

-21,173

9,109

100,655

70,349

-156,676

83,813

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense

56,969

82,639

84,542

-

131,296

180,271

200,738

225,297

213,783

169,604

143,805

169,562

-

Asset impairments

0

0

187

-

44,646

722,096

121,176

0

-

-

-

-

-

Impairment expense

-

-

-

-

-

-

-

-

84,732

0

-154,355

159,802

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

170,774

Asset retirements and impairments

-

-

-

-

-

-

-

-

-

-

-

-

75,137

Bad debt expense

912

286

1,420

-

2,532

21,172

2,710

634

1,299

2,559

3,849

3,295

37

Accretion of asset retirement obligations

168

164

221

-

570

630

605

604

594

594

526

533

-

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

594

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-46,451

0

-472

-

Loss from equity method investments

0

0

-560

-

-466

39

25

-447

-926

266

396

-1,057

160

Amortization and write-off of deferred financing costs and premium on debt

433

476

476

-

4,414

4,645

2,606

2,244

-

-

-

-

-

Gain on sale of equity method investment

-

-

-

-

-

-

-

-

-

4,783

0

0

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

2,664

2,150

2,615

2,182

2,115

Deferred Income Tax Expense (Benefit)

0

0

-35

-

787

-189,327

-82,922

-11,929

35,998

85,792

-12,370

-41,257

29,747

Capitalized interest

-

-

-

-

0

0

0

607

-1,314

-1,735

-3,789

-4,335

-6,514

Loss (gain) on disposal of assets, net

5,870

9,618

27,583

-

-4,707

-51,531

-8,686

2,972

-1,661

3,726

-533

-401

641

Loss on sale of available for sale investments, net

-

-

-

-

-

-

-

-

-

-

-

-30

-

Share-based compensation

684

5,910

7,591

-

5,740

10,173

10,949

13,785

13,306

15,609

12,111

6,381

24,233

Excess tax expense from share-based compensation

-

-

-

-

0

-3,423

-1,240

-1,848

4,085

4,859

2,069

580

1,733

Reorganization items, non-cash

-

-

-

-

261,806

0

0

-

-

-

-

-

-

Changes in working capital:
Accounts receivable

-22,250

5,220

-669

-

-41,574

-151,489

-54,024

-54,003

15,409

152,771

26,448

-168,824

34,943

Other current assets

1,891

-6,486

-7,764

-

-52,010

-12,050

2,471

-5,915

42,558

22,110

-36,731

-461

15,622

Accounts payable, accrued interest and accrued expenses

-1,061

-564

-13,017

-

-135,557

-91,978

15,114

-82,318

60,665

3,720

61,671

-126,949

46,375

Share-based compensation liability awards

-71

253

0

-

-227

0

-846

954

1,555

385

1,297

646

-

Share-based compensation liability awards

-

-

-

-

-

-

-

-

-

-

-

-

-516

Other assets and liabilities

4,116

-6,139

-6,427

-

-102,135

-19,179

-11,212

-41,911

-6,734

48,964

4,255

-988

5,532

Net cash used in operating activities

-29,011

-1,845

-51,367

-

-138,449

-22,386

164,168

228,643

369,660

188,305

129,805

184,837

367,164

CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to Acquire Productive Assets

18,302

37,535

16,079

-

8,481

40,808

161,639

164,137

447,160

359,097

180,310

128,422

218,994

Proceeds from sale of assets

14,563

15,403

32,992

-

15,025

20,810

15,844

17,256

17,127

14,100

258,202

5,580

7,961

Proceeds from sale of assets held for sale

-

-

-

-

-

-

-

-

2,000

0

0

-

-

Payment of accrued acquisition cost of the 51% noncontrolling interest in AlMansoori Key Energy Services LLC

-

-

-

-

0

0

5,100

0

0

-

-

-

-

Investment in Geostream Services Group

-

-

-

-

-

-

-

-

-

-

-

-

19,306

Acquisitions, net of cash acquired of $0, $0 and $886, respectively

-

-

-

-

-

-

-

-

-

187,058

86,688

-12,007

99,011

Acquisition of the 50% noncontrolling interest in Geostream

-

-

-

-

-

-

-

14,600

0

0

-

-

-

Proceeds from notes receivable

-

-

-

-

0

595

4,055

600

0

-

-

-

-

Investments in Wilayat Key Energy, LLC

-

-

-

-

-

-

-

-

676

0

-

-

-

Dividend from equity method investments

-

-

-

-

-

-

-

-

-

-

165

199

-

Proceeds from sale of equity method investment

-

-

-

-

-

-

-

-

-

11,965

0

0

-

Proceeds from sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

276

Net cash provided by (used in) investing activities

-3,739

-22,132

16,913

-

6,544

-19,403

-146,840

-160,881

-428,709

-520,090

-8,631

-110,636

-329,074

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of bond tender premium

-

-

-

-

-

-

-

-

-

39,082

0

0

-

Proceeds from long-term debt

-

-

-

-

250,000

305,550

0

0

205,000

475,000

0

0

-

Repayments of long-term debt

1,875

2,500

2,500

-

313,424

1,575

3,573

0

0

421,427

6,970

16,552

3,026

Proceeds from stock rights offering

-

-

-

-

109,082

0

0

-

-

-

-

-

-

Repayments of finance lease obligations

160

0

0

-

24,692

0

0

393

1,959

4,016

8,493

9,847

11,506

Proceeds from borrowings on revolving credit facility

-

-

-

-

0

130,000

260,000

220,000

275,000

418,000

110,000

0

172,813

Repayments on revolving credit facility

-

-

-

-

0

200,000

275,000

300,000

405,000

123,000

197,813

100,000

35,000

Payment of deferred financing costs

811

0

350

-

2,040

11,461

0

69

4,597

16,485

0

2,474

314

Repurchases of common stock

39

280

697

-

167

362

2,245

3,196

7,519

5,681

3,098

488

139,358

Proceeds from Stock Options Exercised

0

3

0

0

-

-

-

14

901

8,000

4,100

1,306

6,688

Excess tax expense from share-based compensation

-

-

-

-

0

-3,423

-1,240

-1,848

4,085

4,859

2,069

580

1,733

Other financing activities, net

-

-

-

-

-

-

-

-

8,035

9,916

0

-

-

Other financing activities

-

-

-

-

-

-

-

-

-

-

-

0

-

Net cash provided by (used in) financing activities

-2,885

-2,777

-3,547

-

18,759

218,729

-22,058

-85,492

73,946

306,084

-100,205

-127,475

-7,970

Effect of changes in exchange rates on cash

0

0

-146

-

-20

110

3,728

87

-4,391

4,516

-1,735

-2,023

4,068

Net increase (decrease) in cash, cash equivalents and restricted cash

-35,635

-26,754

-38,147

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-113,166

177,050

-1,002

-17,643

10,506

-21,185

19,234

-55,297

34,188

Predecessor [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-131,736

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

131,296

-

-

-

-

-

-

-

-

-

Impairment expense

-

-

-

44,646

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

2,532

-

-

-

-

-

-

-

-

-

Accretion of asset retirement obligations

-

-

-

570

-

-

-

-

-

-

-

-

-

Loss from equity method investments

-

-

-

-466

-

-

-

-

-

-

-

-

-

Share-based compensation

-

-

-

5,740

-

-

-

-

-

-

-

-

-

Amortization and write-off of deferred financing costs and premium on debt

-

-

-

4,414

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-

-

-

787

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal of assets, net

-

-

-

-4,707

-

-

-

-

-

-

-

-

-

Reorganization items, non-cash

-

-

-

261,806

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-41,574

-

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-52,010

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-135,557

-

-

-

-

-

-

-

-

-

Share-based compensation liability awards

-

-

-

-227

-

-

-

-

-

-

-

-

-

Other assets and liabilities

-

-

-

-102,135

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-138,449

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

8,481

-

-

-

-

-

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

15,025

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

6,544

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

250,000

-

-

-

-

-

-

-

-

-

Repayments of Long-term Debt

-

-

-

313,424

-

-

-

-

-

-

-

-

-

Proceeds from stock rights offering

-

-

-

109,082

-

-

-

-

-

-

-

-

-

Payments of Financing Costs

-

-

-

2,040

-

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

167

-

-

-

-

-

-

-

-

-

Proceeds from Stock Options Exercised

-

-

-

0

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

43,451

-

-

-

-

-

-

-

-

-

Effect of changes in exchange rates on cash

-

-

-

-20

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-

-

-

-88,474

-

-

-

-

-

-

-

-

-