Laredo petroleum, inc. (LPI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

235,095

-241,721

-264,629

173,382

-9,491

149,573

55,050

33,452

86,520

408,561

11,027

61,110

68,276

-18,421

9,485

-71,432

-180,371

-964,647

-847,783

-397,034

-472

201,278

83,407

-18,899

-213

68,236

12,543

35,812

1,409

11,828

-7,384

30,975

26,235

1,566

58,246

41,072

4,670

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Share-settled equity-based compensation, net

2,376

3,046

-1,739

-423

7,406

7,648

8,733

10,676

9,339

8,857

8,966

8,687

9,224

9,667

9,651

6,073

3,838

6,576

6,877

6,268

4,788

6,160

6,194

6,396

4,329

7,877

5,876

4,463

3,217

2,454

2,767

2,588

2,247

1,024

4,211

557

319

Depreciation, Depletion and Amortization

61,302

67,846

69,099

65,703

63,098

60,399

55,963

50,762

45,553

45,062

41,212

38,003

34,112

37,526

35,158

34,177

41,478

66,893

66,777

72,112

71,942

79,869

63,942

53,056

49,607

47,225

55,982

66,234

65,130

67,504

63,925

60,697

51,523

61,390

39,059

43,439

32,478

Asset Impairment Charges

26,250

-

-

-

0

-

-

-

-

-

-

-

-

0

0

963

161,064

977,561

906,850

489,599

878

3,904

0

0

0

-

-

-

-

-

-

-

-

0

0

37

206

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

422

415

321

350

410

394

329

315

292

264

160

152

155

149

Mark-to-market on derivatives:
Mark-to-market on derivatives:
Gain (Loss) on Derivative Instruments, Net, Pretax

297,836

-57,562

96,684

88,394

-48,365

112,195

-32,245

-45,976

9,010

-37,777

-27,441

28,897

36,671

-43,642

6,850

-68,518

17,885

72,455

142,580

-63,899

63,155

329,367

92,790

-63,125

-31,112

82,610

-9,838

23,966

-16,860

-

-

-

-

-

-

-

-

Settlements received for matured commodity derivatives, net

47,723

14,394

25,245

23,480

102

12,033

-3,888

181

-2,236

2,792

13,635

13,705

7,451

37,655

44,307

47,382

65,937

79,402

66,142

46,596

63,141

-

-

-4,420

-1,431

3,157

-4,069

981

3,676

-

-

-

-

-

-

-

-

Settlements (paid) received for early terminations of commodity derivatives, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

80,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlements received for early terminations of derivatives, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

80,000

0

0

0

0

-

-

0

76,660

642

5,366

0

0

-

-

-

-

-

-

-

-

Change in net present value of derivative deferred premiums

-

-

-

-

-

-

168

185

211

-

88

70

41

48

51

61

72

62

53

45

43

50

50

55

65

78

102

131

151

-

-

-

-

-

-

-

-

Premiums Paid (Received) For Derivative Financial Instruments

477

1,399

1,415

2,233

4,016

5,405

5,455

5,451

4,024

12,311

1,448

9,987

2,107

2,697

2,709

2,413

81,850

1,249

1,248

1,249

1,421

1,820

1,820

1,820

1,959

2,357

2,671

2,827

2,422

1,596

1,595

1,595

1,332

21

22

21

491

Unrealized (gain) loss on derivative financial instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,263

-3,334

-

51,239

20,312

-27,504

Amortization of premiums paid for derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169

150

-

113

109

107

Amortization of debt issuance costs

1,217

802

846

847

846

847

846

845

793

954

1,038

1,041

1,053

1,048

1,044

1,067

1,120

1,115

1,111

1,124

1,377

1,314

1,311

1,305

1,207

1,118

1,278

1,333

1,294

1,283

1,265

1,208

1,060

1,056

906

960

949

Amortization of operating lease right-of-use assets

4,377

4,980

3,274

3,253

3,056

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-13,300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

2,417

-1,776

-2,467

1,751

-96

3,288

1,768

0

0

-

-

-

-

-

-

-

-

0

41,258

-221,846

3,643

128,775

45,778

-10,374

107

43,318

10,369

20,338

1,263

4,922

-4,154

17,424

14,757

795

32,842

23,140

2,597

Write off of Deferred Debt Issuance Cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

0

1,502

0

0

-

-

-

-

0

2,949

0

3,246

Loss on disposal of assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

0

-18

-17

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

-

-

2,371

2,471

3,068

3,144

265

3,696

2,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

6

4

5

Cash settlement of performance unit awards

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,394

0

0

0

2,738

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1,327

1,347

-1,528

194

3,874

3,261

2,380

2,606

4,304

-5,469

2,031

202

1,212

1,623

964

1,003

1,006

845

697

1,270

1,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in accounts receivable, net

-9,635

2,854

5,759

-30,910

13,373

-23,260

16,260

3,478

-1,147

9,151

17,733

-6,764

-7,996

5,644

-7,320

3,370

-2,526

-12,828

-9,561

340

-16,926

23,504

8,047

14,783

3,619

-952

-12,464

989

5,602

1,595

10,413

-17,104

14,801

15,816

2,238

3,243

8,899

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

477

-2,069

2,186

-

-7,863

-5,381

14,478

8,032

8,925

-316

47

6,776

736

-58

-16

288

45

36

45

-1,615

1,680

-88

856

Decrease (increase) in other current assets

-4,033

9,971

-112

1,431

2,769

-4,614

-4,495

8,491

2,483

318

-402

1,954

1,591

-

-

-

-

-

-

-

-

-

-

3,133

4,616

-

489

-1,680

2,574

-

-3,620

-3,128

6,203

-

-

-

-

(Increase) decrease in other noncurrent assets, net

2,964

661

89

-3,020

-57

222

1,489

-1,935

100

4,697

106

-29

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts payable and accrued liabilities

25,059

-13,087

2,319

-25,355

7,140

-17,133

12,385

-14,605

30,516

-2,438

25,293

-17,531

3,813

-420

5,533

-8,882

9,201

-23,520

383

-7,146

-8,598

-16,450

37,071

10,386

-8,001

-14,857

-1,156

1,955

-18,523

-4,098

3,459

-24,614

27,918

11,892

-9,204

-17,186

10,673

(Decrease) increase in undistributed revenue and royalties

-4,937

2,841

-14,768

-6,999

2,889

-4,398

7,241

5,605

2,541

4,630

1,056

5,157

171

2,131

-778

-830

-8,258

-3,806

-6,393

-1,477

-19,222

16,209

5,107

10,050

-1,052

4,839

-10,107

803

3,524

3,130

1,370

814

3,907

1,881

6,280

4,025

3,994

Decrease in other current liabilities

-15,082

7,253

-3,087

12,503

-30,637

4,499

-8,174

-3,898

-16,226

3,937

4,744

15,076

-26,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accrued compensation and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,221

-

-397

2,638

-5,698

4,194

2,268

2,050

-6,020

(Decrease) increase in other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,490

10,709

-10,414

-

2,665

373

-28,714

31,745

-10,966

17,951

-14,893

17,864

-2,890

2,276

-792

3,830

-809

17,147

-12,319

17,449

-10,990

11,209

5,363

(Decrease) increase in other noncurrent liabilities

-3,246

-3,262

-1,035

-1,107

1,007

-229

-81

-170

-374

9,111

-125

-121

-44

-122

-101

-127

-69

-102

-97

131

187

452

729

1,420

224

-71

148

260

162

67

-58

140

-51

-51

-44

-31

-23

Increase in fair value of performance unit awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,347

1,060

678

996

-166

-384

1,053

98

-217

2,795

2,057

98

294

475

572

456

-

-

-

-

Net cash provided by operating activities

109,589

108,206

105,599

183,811

77,458

129,276

145,927

116,130

146,471

112,863

115,150

93,117

63,784

110,841

106,823

82,114

56,517

90,443

111,199

87,440

26,865

121,941

136,237

111,982

128,117

89,291

97,148

115,230

63,060

93,319

83,667

108,388

91,402

110,403

71,615

86,070

75,988

Payments to Acquire Oil and Gas Property

22,876

196,404

0

2,880

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130,775

243,733

-

512,910

225,171

187,040

163,954

162,494

188,088

187,813

196,170

225,296

226,566

247,280

183,141

155,398

160,947

187,576

Capital expenditures:
Acquisition of mineral interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,305

0

0

0

0

-

-

-

-

-

-

-

-

Payments to Explore and Develop Oil and Gas Properties

135,376

90,803

83,566

131,887

152,729

151,114

180,936

146,509

195,025

156,957

148,946

121,677

110,542

83,944

79,693

91,887

105,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Midstream service assets

761

1,169

1,292

3,187

2,262

1,020

559

1,843

3,362

9,207

5,563

4,386

1,731

1,009

806

1,488

1,937

222

1,100

13,703

20,434

15,285

19,354

15,389

10,520

9,015

7,092

4,256

4,046

5,148

4,062

3,172

3,859

3,651

3,373

2,920

3,424

Other fixed assets

829

713

755

460

505

1,363

980

1,002

3,963

1,301

921

1,480

1,203

6,629

150

202

630

586

1,998

2,622

3,919

13,832

5,176

5,067

3,369

2,383

5,071

2,215

6,588

2,586

1,181

3,935

1,053

766

1,045

3,228

1,374

Investment in equity method investee (see Note 4.d)

-

-

-

-

-

-

-

-

-

-

-

-

-

10,897

16,031

16,021

26,660

36,844

48,516

0

14,495

17,583

18,110

8,171

11,300

0

0

2,349

938

0

0

0

0

-

-

-

-

Proceeds from disposition of equity method investee, net of selling costs (see Note 4.d)

-

-

-

-

-

0

0

0

1,655

829,615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from dispositions of capital assets, net of selling costs

51

54

5,911

893

43

170

116

11,296

1,021

29

687

3,926

59,515

32

15

132

218

-312

65,226

0

35

123

1,030

329

268

20,426

429,702

0

0

-

-

-

-

35

1

6

14

Net cash used in investing activities

-159,791

-289,035

-79,702

-137,521

-155,453

-154,525

-182,359

-154,398

-199,674

651,943

-179,315

-123,617

-53,961

-108,507

-212,265

-109,466

-134,164

-135,630

-102,231

-147,100

-282,546

-373,213

-554,520

-259,962

-219,266

-154,926

221,335

-196,908

-199,385

-203,885

-251,035

-233,639

-252,192

-187,523

-159,815

-167,089

-192,360

Cash flows from financing activities:
Cash flows from financing activities:
Borrowings on Senior Secured Credit Facility

0

195,000

0

0

80,000

20,000

80,000

55,000

55,000

35,000

65,000

40,000

50,000

25,000

94,682

35,000

85,000

0

10,000

125,000

175,000

225,000

75,000

0

0

0

0

95,000

135,000

115,000

50,000

50,000

145,000

160,000

450,000

141,500

38,600

Payments on Senior Secured Credit Facility

100,000

5,000

50,000

35,000

0

-

-

-

-

190,000

15,000

0

55,000

25,000

135,000

119,682

25,000

0

0

0

475,000

0

0

0

0

-

-

-

-

-

-

-

-

600,000

265,400

53,800

177,500

Payments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100,000

Issuance of January 2025 Notes and January 2028 Notes

1,000,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202,000

0

0

350,000

Issuance of March 2023 Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

350,000

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Repayments of Senior Debt

808,855

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

754,163

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases

-

-

-

-

-

0

9,837

33,504

53,714

0

0

0

0

-1,613

72

129

1,412

62

158

308

2,283

167

519

282

3,274

605

559

44

875

0

0

0

0

-

-

-

-

Stock exchanged for tax withholding

640

7

4

34

2,612

7

14

44

4,353

24

41

96

7,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

39

0

0

358

0

141

67

0

-

-

-

-

0

56

244

1,585

1,396

654

0

0

-

-

-

-

-

-

-

-

Payments for debt issuance costs

18,383

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

332

6,427

0

0

-5

7,796

2,273

0

714

0

-

-

-

-

4,338

8,240

382

10,210

Net cash provided by financing activities

72,122

189,993

-50,004

-35,034

77,388

19,993

50,235

18,983

-3,067

-673,465

49,959

35,172

-12,143

-22

116,493

34,566

58,588

-62

9,842

-451,840

795,453

224,833

74,537

-33

440,515

-1,482

-96,801

94,242

134,125

114,673

50,000

259,524

145,000

76,873

94,397

87,318

100,890

Net increase (decrease) in cash and cash equivalents

21,920

9,164

-24,107

11,256

-607

-5,256

13,803

-19,285

-56,270

91,341

-14,206

4,672

-2,320

2,312

11,051

7,214

-19,059

-45,249

18,810

-511,500

539,772

-26,439

-343,746

-148,013

349,366

-67,117

221,682

12,564

-2,200

4,107

-117,368

134,273

-15,790

-247

6,197

6,299

-15,482

Cash paid for interest, net of $212 and $505, respectively, of capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,230

26,726

-

21,884

2,935

3,691