Kimbell royalty partners, lp (KRP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss

-59,784

-103,582

-28,914

-20,365

-5,345

163

-999

1,378

-52,824

1,061

119

251

283

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and depletion expense

13,270

14,427

15,098

12,311

10,281

9,718

7,607

3,431

4,455

4,390

4,488

4,131

2,535

Impairment of oil and natural gas properties

70,925

103,400

34,900

28,097

2,802

12,500

0

46

54,753

0

0

0

0

Amortization of right-of-use assets

67

66

65

11

11

-

-

-

-

-

-

-

-

Amortization of loan origination costs

266

266

265

260

257

257

177

15

15

15

15

15

10

Equity income in affiliate

163

-

-

-

-

-

-

-

-

-

-

-

-

Unit-based compensation

2,107

1,809

1,809

2,112

1,770

1,027

751

723

668

-

-

-

-

(Gain) loss on commodity derivative instruments, net of settlements

8,978

-2,545

1,683

2,603

-5,165

8,042

-2,813

-469

-212

-

-

-

-

Changes in operating assets and liabilities:
Oil, natural gas and NGL receivables

-4,913

860

-1,376

-2,599

-1,294

-1,740

8,976

37

-232

1,192

555

-1,716

1,657

Accounts receivable and other current assets

508

-363

64

-167

492

-376

200

-144

134

-22

65

-82

276

Accounts payable

-450

274

550

-257

-692

-186

-31

825

378

163

-228

-284

664

Other current liabilities

-809

-1,435

1,461

959

776

-1,525

1,786

-55

-464

-400

1,178

-183

1,151

Operating lease liabilities

-67

-312

-90

-10

-16

-

-

-

-

-

-

-

-

Net cash provided by operating activities

20,787

16,722

24,835

23,332

15,812

14,610

4,403

6,894

7,294

4,608

5,387

5,865

2,712

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment

40

202

422

71

335

7

365

24

7

4

36

13

7

Purchase of oil and natural gas properties

197

10,494

193

495

503

526

210,557

2

14

12,665

3

16,925

96,255

Deposits on oil and natural gas properties

9,681

-

-

-

-

-

-

-

-

-

-

-

2,377

Investment in affiliate

1,274

-

-

-

-

-

-

-

-

-

-

-

-

Cash distribution from equity method investee

17

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-11,176

-9,616

-4,568

-566

-838

-533

-189,917

-10,455

-21

-8,720

-3,988

-14,561

-98,640

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from equity offering

73,601

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from initial public offering

-

-

-

-

-

-

-

-

-

0

0

0

96,255

Contributions from Class B unitholders

-

0

0

0

470

-

-

-

-

-

-

-

-

Redemption of Class B contributions on converted units

245

200

63

0

9

-

-

-

-

-

-

-

-

Issuance costs paid on Series A preferred units

-

0

0

0

717

-

-

-

-

-

-

-

-

Redemption on Series A preferred units

61,089

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to common unitholders

11,122

-15,772

18,796

24,562

7,798

13,630

11,540

7,070

6,061

-

-

-

-

Distribution to OpCo unitholders

9,616

-

-

-

7,205

-

-

-

-

-

-

-

-

Distributions on Series A preferred units

1,925

1,925

1,925

1,925

1,925

-

-

-

-

-

-

-

-

Distributions to Class B unitholders

24

23

23

29

18

-

-

-

-

-

-

-

-

Borrowings on long-term debt

71,088

-

-

-

-

-

-

-

-

8,629

3,949

14,387

3,877

Repayments on long-term debt

70,000

-

-

-

-

-

-

-

-

-

-

-

-

Payment of loan origination costs

-

-

-

-

-

-

-

-

-

0

0

0

312

Net cash used in financing activities

-9,334

-13,199

-16,856

-19,421

-17,204

-14,831

193,707

5,058

-6,061

3,511

-999

10,631

99,820

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

276

-6,093

3,410

3,344

-2,230

-753

8,193

1,498

1,211

-600

399

1,935

3,891

Supplemental cash flow information:
Cash paid for interest

1,126

1,608

886

1,183

1,502

1,064

1,243

502

474

178

166

105

3

Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities

-

0

2,911

33

609

-

-

-

-

-

-

-

-

Units issued in exchange for oil and natural gas properties

-

36,293

0

0

171,550

-

-

-

-

-

-

-

-

Non-cash deemed distribution to Series A preferred units

1,151

1,544

1,544

1,544

1,544

-

-

-

-

-

-

-

-

Noncash effect of Series A preferred unit redemption

25,847

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to Class B unitholders in accounts payable

-

-

-

-

23

-

-

-

-

-

-

-

-

Redemption of Class B contributions on converted units in accounts payable

-

-

-42

180

62

-

-

-

-

-

-

-

-

Capital expenditures and consideration payable included in accounts payable and other liabilities

-

-

-

0

35

-

-

-

-

-

-

-51

67

Capital expenditures through issuance of common units

-

-

-

-

-

-

-

-

-

-

0

0

176,404