Lilis energy, inc. (LLEX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities:
Net loss

-272,121

-4,143

-80,082

-32,843

-32,361

-28,438

-10,010

-37,736

-18,829

-

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Net loss

-

-

-

-

-

-

-

-

-

-19,739

Stock-based compensation

6,506

9,000

21,538

7,078

3,450

2,739

1,986

-973

6,566

8,701

Inducement expense

-

-

-

8,307

0

6,661

-

-

-

-

Common stock issued to investment bank for fees related to conversion of convertible debentures

-

-

-

-

-

686

0

-

-

-

Bristol warrant liability

-

-

-

-

-

-

0

-

-

-

Common stock issued for convertible note interest

-

-

-

-

-

-

-

-

-

0

Bad debt recovery

422

106

22

494

0

30

0

77

0

400

Accretion of debt discount

-

-

-

-

0

849

2,144

2,316

-

-

Amortization of debt issuance cost and accretion of debt discount

2,460

15,656

10,371

3,185

-

-

-

-

-

-

Payable in-kind interest

1,590

12,213

6,559

0

-

-

-

-

-

-

Depreciation, depletion, amortization and accretion of asset retirement obligation

-

-

-

-

584

1,337

2,388

4,549

4,347

5,036

Loss on early extinguishment of debt

-1,299

-20,370

0

-

0

-

-

-

-

-

Loss (gain) from commodity derivatives, net

-8,985

55

-1,063

0

-

-

-

-

-

-

Net settlements paid on commodity derivatives

3,214

2,742

-

-

-

-

-

-

-

-

Net settlements on commodity derivatives

-

-

96

0

-

-

-

-

-

-

Gain (loss) on embedded derivatives

-

-

-6,301

-

-

-

-

-

-

-

Change in fair value of financial instruments

-3,573

58,343

-

-

-

-

-

-

-

-

Deferred revenue realized

232

0

-

-

-

-

-

-

-

-

Impairment of equipment

-

-

-

-

-

-

-

-

-

0

Impairment of Oil and Gas Properties

228,324

0

10,505

4,718

24,478

0

-

-

-

0

Depreciation, depletion, amortization and accretion

33,252

25,367

-

-

-

-

-

-

-

-

Loss in fair value of debt conversion and warrant derivatives

-

-

-

1,222

-

-

-

-

-

-

(Gain) loss in fair value of derivative instruments

-

-

-

-

1,638

-

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-571

0

-

-

-

(Gain) loss in fair value of derivative instruments

-

-

-

-

1,638

-

-

-

-

-

Loss in fair value of conditionally redeemable 6% preferred stock

-

-

-

-701

514

0

-

-

-

-

Depreciation, Depletion and Amortization

-

-

7,000

1,698

600

-

-

-

-

-

Operating lease ROU amortization

-453

0

-

-

-

-

-

-

-

-

Gain on extinguishment of debt and modification of convertible debentures

-

-

-

852

0

-

-

-

-

-

Accretion of asset retirement obligation

-

-

-

-

10

-

-

-

-

-

Change in fair value of executive bonus

-

-

-

-

-

-105

0

-

-

-

Change in fair value of derivative contracts

-

-

-

-

-

-5,526

163

320

3,821

0

Loss on conveyance of property

-

-

-

-

-

-

0

-

-

-

Loss from hedge settlements

-

-

-

-

-

11

-

-

-

-

Loss (gain) from hedge settlements

-

-

-

-

-

-

-13

780

226

0

Fair value of warrants issued

-

-

-

-

-

-

-

-

-

0

Non-cash restructuring costs

-

-

-

-

-

-

-

-

-

0

Loss on aborted property acquisitions

-

-

-

-

-

-

-

-

-

0

Change in fair value of price derivative

-

-

-

-

-

4

-6

855

549

398

Compensation expense recognized for assignment of overrides

-

-

-

-

-

-

-

-

-

1,578

Amortization of deferred financing cost

-

-

-

-

52

234

680

1,596

4,446

3,989

Loss on disposal of fixed assets

-

-

-

-

-

-2,269

-

-

-

-

Impairment provision, developed leases

-

-

-

-

-

-

-

26,658

2,821

-

Debt inducement and warrant modification expense

-

-

-

-

-

-

-

-

2,800

2,953

Common stock issued for convertible note interest

-

-

-

-

-

1,188

1,167

894

559

-

Changes in operating assets and liabilities:
Accounts receivable

6,378

13,226

5,204

1,264

120

394

-467

228

-73

-757

Restricted cash

-

-

-

-

-

-320

-166

-260

-218

-1,129

Prepaid expenses and other assets

944

473

-309

-

-

-

-

-

-

-

Other assets

-

-

-

-1,554

-57

-141

182

-636

-39

-34

Accounts payable and accrued liabilities

-31,393

53,402

14,446

-307

2,027

-

-

-

-

-

Proceeds from options associated with future midstream services

2,500

35,000

-

-

-

-

-

-

-

-

Proceeds from options associated with future midstream services

2,500

35,000

0

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-25,824

92,132

-7,243

-6,309

-

-

-1,231

-3,389

-570

3,758

Cash flows from investing activities:
Acquisition of oil and natural gas properties

-

-

-

-

-

305

1,404

536

9,433

18,560

Proceeds from options associated with salt water disposal infrastructure

-

-

0

-

-

-

-

-

-

100

Sale of undeveloped acreage interests

-

-

-

-

-

-

640

2,918

3,000

2,000

Acquisition of other property and equipment

-

-

-

-

-

10

27

2

83

55

Cash advance to Brushy Resources, Inc.

-

-

-

-

1,750

-

-

-

-

-

Acquisitions of Southwest Royalties LLC

-

-

0

2,302

0

-

-

-

-

-

Acquisition of oil and natural gas properties

0

92,410

0

-

-

-

-

-

-

-

Proceeds from the sale of assets

16,851

17,500

-

-

-

-

-

-

-

-

Net proceeds from sale of DJ Basin and non-operated properties

-

-

1,282

0

-

-

-

-

-

-

Accounts payable and other accrued expenses

-

-

-

-

-

-755

129

-264

757

2,361

Net cash used in operating activities

-

-

-

-

-3,951

-7,306

-

-

-

-

Development of oil and natural gas properties

-

-

-

-

-

-

-

-

-

25,580

Acquisition of oil and natural gas properties

-

-

-

-

0

-

-

-

-

-

Deposit on potential merger

-

-

-

-

-

0

-

-

-

-

Capital expenditures

82,378

168,025

148,784

16,828

98

190

398

4,533

7,017

4,637

Investment in operating bonds

-

-

-

-

-

-

0

29

0

75

Net cash used in investing activities

-65,527

-242,935

-147,502

-19,130

-

-

-1,190

-1,403

-13,308

-46,809

Cash flows from financing activities:
Proceeds from exercise of accordion features of 2016 Term Loans

-

-

-

29,701

0

-

-

-

-

-

Common stock issuable

-

-

-

-

-

-

-

-

-

-100

Proceeds from term loans, net of financing costs

0

47,806

185,428

0

-

-

-

-

-

-

Proceeds from revolving credit agreement, net of financing costs

56,883

72,566

0

2,863

-

-

-

-

-

-

Proceeds from issuance of Riverstone Term Loans

-

-

-

0

-

-

-

-

-

-

Dividend payments on preferred stock

-

-

-

-

180

161

0

-

-

-

Debt issuance costs

-

-

-

-

266

0

-

-

-

-

Repayment of term loans and notes payable

0

88,836

40,394

13,879

-

-

-

-

-

-

Repayments of Lines of Credit

18,000

0

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-145

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-1,703

-506

-

-

-

-

Net proceeds from issuance of Common Stock

-

-

-

-

-

5,236

0

-

-

-

Proceeds from the issuance of Series C Preferred Stock

0

122,418

0

18,195

0

6,794

0

-

-

-

Proceeds from the Värde financing arrangement, net of transaction costs

38,230

0

-

-

-

-

-

-

-

-

Partial repayment of the Värde financing arrangement

2,600

0

-

-

-

-

-

-

-

-

Equity financing costs

-

-

0

-

-

-

-

-

-

-

Proceeds from bridge notes, net

-

-

-

-

5,950

0

2,179

-

-

-

Repayment of debt

-

-

-

-

250

3,711

-

-

-

-

Proceeds from Bridge Loan and Second Lien Term Loan, net of financing costs

0

47,806

185,428

0

-

-

-

-

-

-

Proceeds from sale of common stock, units and excise of warrants

-

-

-

-

-

-

-

-

2,129

28,132

Proceeds from issuance of debt

-

-

-

-

-

-

-

5,000

9,411

28,500

Repurchase of common stock

0

997

0

-

-

-

-

-

-

0

Proceeds from private placement, net of financing costs

-

-

18,399

0

-

-

-

-

-

-

Proceeds from exercise of warrants and stock options

0

3,751

745

-

-

-

-

-

-

-

Repayment of the First Lien Term Loan

-

-

-

0

-

-

561

1,944

483

8,061

Repayment of conditionally redeemable 6% preferred stock including dividends

-

-

-

0

-

-

-

-

-

-

Repayment of conditionally redeemable 6% preferred stock including dividends

-

-

-

0

-

-

-

-

-

-

Proceeds from warrant exercise

-

-

-

-

0

-

-

-

-

-

Proceeds from exercise of warrants and stock options

-

-

-

187

-

-

-

-

-

-

Payment for tax withholding on stock-based compensation

546

2,230

3,709

0

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

5,254

8,157

-

-

-

-

Net cash provided by financing activities

73,967

154,478

160,469

37,067

-

-

1,617

3,055

11,057

48,471

Net increase (decrease) in cash and cash equivalents

-17,384

3,675

-

-

-

-

-

-

-

-

Net (decrease) in cash

-

-

-

-

-

-

-804

-1,737

-2,821

5,420

Increase in cash and cash equivalents

-

-

5,724

11,628

-400

344

-

-

-

-

Supplemental disclosure:
Cash paid for interest

6,488

4,958

2,292

762

-

-

-

-

-

-

Cash paid during the period for taxes

-

-

-

-

-

0

0

0

0

-

Cash paid during the period for interest

-

-

-

-

365

1,324

2,096

3,201

3,201

2,655

Common stock issued for convertible notes and accrued interest

-

-

-

-

-

1,188

1,167

-

-

-

Disposition of oil and gas assets for elimination of accrued expense for drilling

-

-

-

-

-

0

-

-

-

-

Fair value of warrants issued as debt discount

-

-

-

-

-

0

-

-

-

-

Disposition of oil and gas assets for elimination of accrued expenses for drilling

-

-

-

-

-

0

-

-

-

-

Acquisition of oil and gas assets for accounts payable and accrued interest

-

-

-

-

-

5,466

0

-

-

-

Transfer from derivative liability to equity

-

-

-

-

-

4,882

0

-

-

-

Issuance of Common Stock for payment of convertible debentures

-

-

-

-

-

8,733

0

-

-

-

Issuance of redeemable preferred stock for payment of term notes payable

-

-

-

-

-

1,686

0

-

-

-

Conveyance of oil and gas properties for payment of term notes payable

-

-

-

-

-

15,063

0

-

-

-

Conveyance of oil and gas properties for reduction in asset retirement obligation

-

-

-

-

-

973

0

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

0

Purchase of rigs for note payable

-

-

-

-

-

-

-

-

-

0

Sale of property for receivable

-

-

-

-

-

-

-

1,443

1,443

0

Debt issuance cost

-

-

-

-

-

-

-

400

400

0

Purchase of properties for common stock

-

-

-

-

-

-

-

-

10,895

15,787

Stock and warrants issued for deferred financing costs

-

-

-

-

-

-

-

230

1,611

6,867

Stock and warrants issued for prepaid financial advisory fees

-

-

-

-

-

-

674

349

0

1,234

Stock and warrants issued for prepaid financial office rent

-

-

-

-

-

-

-

-

81

0

Default on note in property acquisition

-

-

-

-

-

-

-

-

-

0

Property additions for asset retirement obligation

-

-

-

-

-

-

101

198

61

479

Stock issued for payment on long-term debt

-

-

-

-

-

-

-

894

559

0