Liberty oilfield services inc. (LBRT)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities:
Net income

43,372

74,864

127,208

174,737

228,955

249,033

272,778

270,072

214,366

168,501

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

171,823

165,379

155,262

145,243

135,481

125,110

116,569

108,428

95,343

81,473

0

0

0

(Gain) loss on disposal of assets

-1,276

-2,601

4,366

3,541

3,199

4,342

-1,426

-746

-271

-148

0

0

0

Interest expense on finance lease liability

0

-

0

0

0

-

0

0

0

-

-

-

-

Amortization of debt issuance costs

2,197

2,205

2,245

2,268

2,277

4,031

4,074

4,899

4,512

2,311

0

0

0

Inventory write-down

2,700

2,000

0

0

0

-

-

-

-

-

-

-

-

Non-cash lease expense

3,291

3,192

0

0

0

-

-

-

-

-

-

-

-

Share based compensation expense

14,836

13,592

12,321

10,705

8,330

5,450

0

0

0

-

-

-

-

Gain on tax receivable agreements

0

-

-

-

0

-

-

-

-

-

-

-

-

Provision for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable and unbilled revenue

27,350

11,512

-85,737

45,994

39,059

-23,074

61,572

74,692

151,438

133,689

0

0

0

Accounts receivable and unbilled revenue—related party

-9,386

-5,510

16,252

11,436

2,735

11,096

-3,524

-5,554

5,555

-3,460

0

0

0

Unbilled revenue

-

-

-

-

-

-

-

0

0

-

-

0

0

Unbilled revenuerelated party

-

-

-

-

-

-

-

0

0

-

-

0

0

Inventories

15,895

30,476

28,520

21,156

14,386

4,610

17,385

26,987

28,228

27,639

0

0

0

Other assets

19,491

6,464

-13,407

-9,468

-8,633

32,771

28,438

24,715

25,467

12,611

0

0

0

Accounts payable and accrued liabilities

492

22,386

11,400

21,770

11,362

-26,798

-9,354

20,293

47,975

111,352

0

0

0

Accounts payable and accrued liabilities—related party

0

-1,000

-700

-700

-700

300

250

500

769

1,544

0

0

0

Payment of operating lease liability

901

5,469

5,197

5,157

5,091

0

0

0

0

-

-

-

-

Net cash provided by operating activities

211,837

261,100

372,706

339,770

370,050

351,258

303,629

258,749

141,522

195,109

0

0

0

Cash flows from investing activities:
Purchases of property and equipment and construction in-progress

174,235

195,173

229,991

248,382

270,183

258,835

246,522

247,504

241,894

311,794

0

0

0

Proceeds from sale of assets

994

826

746

669

3,241

3,343

3,835

4,505

1,739

1,751

0

0

0

Net cash used in investing activities

-173,241

-194,347

-229,245

-247,713

-266,942

-255,492

-242,687

-242,999

-240,155

-310,043

0

0

0

Cash flows from financing activities:
Cash flows from financing activities:

-

-

-

-

-

230,174

230,174

230,174

230,174

0

0

0

0

Redemption of LLC Units from Legacy Owners

-

-

-

-

-

25,897

25,897

25,897

25,897

0

0

0

0

Repayments of borrowings on term loan

1,750

1,750

2,188

1,750

2,188

62,847

62,410

112,973

115,535

57,438

0

0

0

Proceeds from borrowings on line-of-credit

-

-

-

-

-

-

-

-

-

140,559

0

0

0

Repayments of borrowings on line-of-credit

-

-

-

-

-

30,000

84,559

188,559

188,559

158,559

0

0

0

Proceeds from Liberty Oilfield Services Holdings LLC

-

-

-

-

-

2,115

2,115

2,115

2,115

0

0

0

0

Payments on finance lease and capital lease obligations

11,331

12,143

10,504

6,794

3,282

0

0

0

0

119

0

0

0

Class A Common Stock dividends

15,451

14,776

14,083

13,792

10,322

6,907

0

0

0

-

-

-

-

Per unit distributions to non-controlling interest unitholders

7,100

7,747

8,476

-4,013

2,725

4,671

2,410

13,041

4,125

0

0

0

0

Other distributions and advance payments to non-controlling interest unitholders

0

-

-

-

0

-

-

-

-

-

-

-

-

Share repurchases

0

18,398

47,379

101,301

101,301

82,903

0

0

0

-

-

-

-

Proceeds from issuance of redeemable common units

-

-

-

-

-

-

-

-

-

39,794

0

0

0

Distributions to noncontrolling interest holders

-

-

-

-

-

-

-

-

0

-

-

-

-

Payment of equity offering costs

-

-

-

-

-

6,236

6,721

10,073

9,580

4,191

0

0

0

Net cash used in financing activities

-40,753

-57,375

-90,543

-142,885

-142,490

-8,775

4,990

66,972

183,877

119,771

0

0

0

Net decrease in cash and cash equivalents

-2,157

9,378

52,918

-50,828

-39,382

86,991

65,932

82,722

85,244

4,837

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for income taxes

1,042

1,042

8,476

13,279

21,329

27,263

19,829

15,026

5,934

0

0

0

0

Cash paid for interest

12,302

12,642

12,837

11,977

12,783

13,957

15,394

13,883

12,203

9,766

0

0

0

Non-cash investing and financing activities:
Capital expenditures included in accounts payable and accrued liabilities

21,301

32,143

42,468

49,787

29,612

45,703

16,915

1,676

23,929

18,687

0

0

0