Key energy services inc (KEG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Nov'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,518

-4,697

-3,772

-186

14,307

-37,019

29,245

2,576

39,569

43,438

36,360

-18,712

76,209

6,003

-2,856

-9,007

Net loss

108,994

-

-25,489

-18,303

-23,441

-

-23,860

-16,895

-24,963

-

-38,220

-13,183

-46,859

-

-130,752

-92,802

-81,614

-

-640,161

-65,379

-59,676

-

-62,229

-52,196

-11,899

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

10,226

13,827

14,584

14,262

14,296

19,758

21,808

20,717

20,356

21,217

21,114

20,910

21,301

26,221

33,467

35,856

35,752

41,894

45,270

45,896

47,211

46,535

50,924

52,184

51,095

55,934

56,962

58,208

54,193

57,195

52,804

52,452

51,332

47,488

42,341

39,852

39,923

-

-

-

-

Asset impairments

41,242

-

-

-

0

-

-

-

-

0

0

0

187

4,646

40,000

0

0

29,100

649,944

21,352

21,700

31,697

60,792

28,687

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

43,275

0

41,457

0

0

0

0

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,703

Bad debt expense

784

374

277

-245

506

-101

-40

-40

467

789

-223

232

622

858

528

481

665

19,340

470

361

1,001

1,226

333

819

332

-326

59

-302

1,203

469

281

131

418

310

631

775

843

3,397

509

-25

-32

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

149

146

159

146

151

147

150

151

151

149

143

-

-

-

-

Accretion of asset retirement obligations

42

-

44

42

40

-

41

41

39

-

47

40

59

-

148

141

142

-

159

157

152

-

153

149

145

-

-

-

-

-

-

-

-

-

-

-

-

-

129

131

128

Gain (Loss) on Extinguishment of Debt

170,648

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-46,451

-

-

-

-

Loss from equity method investments

-

-

-

-

-

-

-

-

-

0

0

-579

19

-361

-39

17

-83

33

-7

3

10

246

-142

-9

-70

-99

-106

-114

-128

-291

-223

-280

-132

-338

-153

-81

838

-327

-177

323

577

Amortization of deferred financing costs

70

-

105

122

119

-

119

119

119

-

119

118

121

-

1,298

1,297

1,306

-

1,274

1,571

490

-

561

561

560

-

686

699

659

680

675

675

634

776

558

351

465

648

648

657

662

Deferred Income Tax Expense (Benefit)

-

-

-

-

-

-

-

-

-

-8

3

2

-32

1,288

-110

-139

-252

-62,575

-114,206

-854

-11,692

-52,856

-22,359

-1,166

-6,541

-1,527

-7,317

-2,708

-377

5,633

27,178

9,195

-6,008

56,133

20,679

3,008

5,972

-6,417

-707

-667

-4,579

Capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-285

-3,126

315

450

626

-734

-1,078

-1,025

-952

Capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

155

137

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of assets, net

165

2,085

2,326

1,822

-363

2,216

1,935

730

4,737

596

5,388

21,405

194

304

-2,163

-914

-1,934

-45,818

-1,339

-2,128

-2,246

-4,926

-308

-3,771

319

1,527

2,293

-848

0

-1,199

44

-508

2

3,063

156

-162

669

-41

153

-310

-335

Share-based compensation

-73

-2,815

1,269

1,414

816

1,328

1,680

502

2,400

-3,990

3,422

4,135

4,024

2,088

597

742

2,313

1,975

1,562

3,113

3,523

1,672

2,176

4,000

3,101

2,119

2,273

4,446

4,947

2,522

2,340

4,237

4,207

3,355

3,168

5,136

3,950

3,110

2,563

3,759

2,679

Excess tax expense from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-19

-11

-1,210

-2

-345

-99

-1,402

38

0

0

4,047

-499

638

752

3,968

-

-

-

-

Excess tax expense from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-546

-110

-2,508

-

-351

-110

-2,840

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in working capital:
Accounts receivable

-5,155

-15,781

-4,047

1,483

-3,905

-15,774

-3,453

11,112

13,335

415

3,364

3,516

-7,964

8,666

-11,392

-8,195

-30,653

6,326

-50,986

-46,615

-60,214

-2,439

-4,615

-19,451

-27,519

-33,778

-50,674

27,490

2,959

-12,129

7,255

16,021

4,262

15,421

20,529

66,979

49,842

-60,082

16,269

32,221

38,040

Other current assets

-5,404

7,115

-6,965

2,248

-507

1,879

-2,515

-5,365

-485

3,156

-3,623

-7,133

-164

-48,421

5,099

-3,650

-5,038

-6,407

959

-1,891

-4,711

-939

991

-2,873

5,292

2,677

-3,981

-9,919

5,308

-15,398

24,235

9,428

24,293

6,462

5,053

3,179

7,416

14,801

3,688

-88

-55,132

Accounts payable, accrued interest and accrued expenses

-25,130

8,016

-4,430

5,067

-9,714

3,828

-3,827

5,110

-5,675

6,926

-1,977

-6,962

-11,004

-131,574

8,475

8,437

-20,895

15,598

-19,299

-30,378

-57,899

27,164

1,731

1,265

-15,046

-20,394

-21,467

-531

-39,926

3,375

28,974

43,931

-15,615

3,674

-4,023

57,044

-52,975

34,862

3,487

1,350

21,972

Share-based compensation liability awards

-1

-76

-29

-65

99

-582

36

463

336

-

-

-

-

0

4

-42

-189

55

-1,174

520

599

-268

-2,165

24

1,563

-308

769

-524

1,017

69

43

-434

1,877

313

-84

52

104

-

-

-

-

Share-based compensation liability awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

438

Other assets and liabilities

-5,670

8,077

439

-3,238

-1,162

-223

-206

-4,626

-1,084

1,367

601

2,624

-11,019

-113,907

115

4,149

7,508

-58,090

-4,797

25,634

18,074

-26,078

15,194

-1,132

804

-18,758

-30,284

11,878

-4,747

8,849

13,469

-3,003

-26,049

42,013

7,180

-2,948

2,719

2,270

-1,192

4,069

-892

Net cash used in operating activities

-18,430

-12,226

-5,422

-21

-11,342

13,217

196

8,166

-23,424

-2,734

-21,445

-14,541

-12,647

-33,640

-37,419

-37,326

-30,064

-1,548

-19,640

1,466

-2,664

38,084

18,816

61,574

45,694

71,625

110,337

27,119

19,562

104,265

73,543

117,532

74,320

85,303

73,141

69,775

-39,914

39,378

25,732

-1,059

65,754

CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to Acquire Productive Assets

682

1,819

4,121

7,322

5,040

9,014

11,348

7,729

9,444

6,469

2,374

4,796

2,440

1,061

2,353

2,366

2,701

1,901

6,232

13,680

18,995

53,519

38,691

40,904

28,525

53,116

38,444

35,433

37,144

47,425

90,407

139,890

169,438

113,187

67,833

70,638

107,439

79,245

33,142

35,508

32,415

Proceeds from sale of assets

1,750

6,201

3,582

2,391

2,389

3,448

3,080

1,932

6,943

1,148

7,738

24,106

0

1,649

4,870

1,071

7,435

9,310

1,550

7,060

2,890

3,556

5,049

6,065

1,174

9,726

3,649

3,507

374

6,448

1,454

2,259

6,966

5,268

2,063

1,568

5,201

237,700

429

19,067

1,006

Acquisition of the 50% noncontrolling interest in Geostream

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-15

14,615

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

195

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,550

600

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of the 50% noncontrolling interest in Geostream

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Dividend from equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

165

Net cash provided by (used in) investing activities

1,068

4,382

-539

-4,931

-2,651

-5,566

-8,268

-5,797

-2,501

-5,321

5,364

19,310

-2,440

588

2,517

-1,295

4,734

7,409

-4,682

-6,425

-15,705

-54,998

-31,802

-33,289

-26,751

-42,790

-34,795

-31,911

-51,385

-40,977

-86,953

-138,307

-162,472

-106,348

-254,399

-57,105

-102,238

71,767

-32,713

-16,441

-31,244

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term debt

30,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

205,000

0

0

0

475,000

-

-

-

-

Repayments of long-term debt

0

0

625

625

625

625

625

625

625

625

625

625

625

288,876

10,647

13,114

787

787

788

0

0

0

0

0

3,573

0

0

0

0

-

-

-

-

-39,082

0

0

460,509

0

0

6,457

513

Repayments of finance lease obligations

103

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

13

115

264

310

642

451

556

923

961

1,012

1,120

1,602

2,899

1,915

2,077

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-18,605

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

39,000

91,000

40,000

105,000

45,000

70,000

25,000

40,000

60,000

95,000

40,000

40,000

65,000

130,000

55,000

220,000

17,000

126,000

80,000

0

0

30,000

Repayments on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

139,000

61,000

50,000

65,000

90,000

70,000

90,000

75,000

70,000

65,000

95,000

10,000

55,000

245,000

25,000

45,000

27,000

26,000

167,813

0

0

30,000

Payment of deferred financing costs

1,385

-17

0

828

0

-

-

-

-

0

0

0

350

2,040

0

0

0

389

0

10,947

125

0

0

0

0

0

0

23

46

50

13

113

4,421

470

1,375

0

14,640

-

-

-

-

Repurchases of common stock

7

2

33

4

0

-

-

-

-

-

-

-

-

2

1

21

143

49

1

102

210

6

28

60

2,151

27

35

672

2,462

69

33

481

6,936

208

74

615

4,784

741

0

177

2,180

Proceeds from exercise of warrants

-

-

-

-

-

-

0

2

1

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Stock Options Exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

84

0

812

170

2,989

2,094

2,747

1,852

165

483

1,600

Excess tax expense from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

3,164

-546

-110

-2,508

-

-

-

-

0

-19

-11

-1,210

-2

-345

-99

-1,402

38

0

0

4,047

-499

638

752

3,968

-

-

-

-

Excess tax expense from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,840

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,337

5,478

7,123

-

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

28,505

-86

-717

-1,457

-625

-634

-896

-623

-624

-1,237

-656

-679

-975

65,241

-11,194

-13,245

-22,043

-1,347

-1,140

194,391

26,825

-10,006

39,953

-45,071

-6,934

-65,016

-35,393

-10,909

25,826

-54,615

24,059

14,433

90,069

37,986

176,217

-8,781

100,662

-88,201

-2,940

-5,894

-3,170

Effect of changes in exchange rates on cash

-

-

-

-

-

-

-

-

-

0

-290

956

-812

1,888

-315

-316

-1,277

723

-902

130

159

-3,168

6,977

-715

634

-125

-272

536

-52

-1,056

-597

2,687

-5,425

-816

9,718

-2,432

-1,954

-369

-3,066

3,620

-1,920

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

11,143

-7,930

-6,678

-6,409

-14,618

7,017

-8,968

1,746

-26,549

-9,292

-17,027

5,046

-16,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

34,077

-46,411

-52,182

-48,650

5,237

-26,364

189,562

8,615

-30,088

33,944

-17,501

12,643

-36,306

39,877

-15,165

-6,049

7,617

10,052

-3,655

-3,508

16,125

4,677

1,457

-43,444

22,575

-12,987

-19,774

29,420