Laredo petroleum, inc. (LPI)
CashFlow / TTM
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

-97,873

-342,459

48,835

368,514

228,584

324,595

583,583

539,560

567,218

548,974

121,992

120,450

-12,092

-260,739

-1,206,965

-2,064,233

-2,389,835

-2,209,936

-1,044,011

-112,821

265,314

265,573

132,531

61,667

116,378

118,000

61,592

41,665

36,828

61,654

51,392

117,022

127,119

105,554

0

0

0

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

3,260

8,290

12,892

23,364

34,463

36,396

37,605

37,838

35,849

35,734

36,544

37,229

34,615

29,229

26,138

23,364

23,559

24,509

24,093

23,410

23,538

23,079

24,796

24,478

22,545

21,433

16,010

12,901

11,026

10,056

8,626

10,070

8,039

6,111

0

0

0

Depreciation, Depletion and Amortization

263,950

265,746

258,299

245,163

230,222

212,677

197,340

182,589

169,830

158,389

150,853

144,799

140,973

148,339

177,706

209,325

247,260

277,724

290,700

287,865

268,809

246,474

213,830

205,870

219,048

234,571

254,850

262,793

257,256

243,649

237,535

212,669

195,411

176,366

0

0

0

Asset Impairment Charges

0

-

-

-

0

-

-

-

-

-

-

-

-

162,027

1,139,588

2,046,438

2,535,074

2,374,888

1,401,231

494,381

4,782

3,904

0

0

0

-

-

-

-

-

-

-

-

243

0

0

0

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,508

1,496

1,475

1,483

1,448

1,330

1,200

1,031

868

731

616

0

0

0

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

425,352

79,151

248,908

119,979

-14,391

42,984

-106,988

-102,184

-27,311

350

-5,515

28,776

-68,639

-87,425

28,672

164,402

169,021

214,291

471,203

421,413

422,187

327,920

81,163

-21,465

65,626

79,878

0

0

0

-

-

-

-

-

-

-

-

Settlements received for matured commodity derivatives, net

110,842

63,221

60,860

31,727

8,428

6,090

-3,151

14,372

27,896

37,583

72,446

103,118

136,795

195,281

237,028

258,863

258,077

255,281

0

0

0

-

-

-6,763

-1,362

3,745

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

80,000

80,000

80,000

80,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlements received for early terminations of derivatives, net

-

-

-

-

-

-

-

-

-

-

-

-

-

80,000

80,000

80,000

80,000

0

0

0

0

-

-

82,668

82,668

6,008

0

0

0

-

-

-

-

-

-

-

-

Change in net present value of derivative deferred premiums

-

-

-

-

-

-

0

0

564

-

247

210

201

232

246

248

232

203

191

188

198

220

248

300

376

462

0

0

0

-

-

-

-

-

-

-

-

Premiums Paid (Received) For Derivative Financial Instruments

5,524

9,063

13,069

17,109

20,327

20,335

27,241

23,234

27,770

25,853

16,239

17,500

9,926

89,669

88,221

86,760

85,596

5,167

5,738

6,310

6,881

7,419

7,956

8,807

9,814

10,277

9,516

8,440

7,208

6,118

4,543

2,970

1,396

555

0

0

0

Unrealized (gain) loss on derivative financial instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Amortization of premiums paid for derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Amortization of debt issuance costs

3,712

3,341

3,386

3,386

3,384

3,331

3,438

3,630

3,826

4,086

4,180

4,186

4,212

4,279

4,346

4,413

4,470

4,727

4,926

5,126

5,307

5,137

4,941

4,908

4,936

5,023

5,188

5,175

5,050

4,816

4,589

4,230

3,982

3,871

0

0

0

Amortization of operating lease right-of-use assets

15,884

14,563

9,583

6,309

3,056

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-75

-2,588

2,476

6,711

4,960

5,056

0

0

0

-

-

-

-

-

-

-

-

-176,945

-48,170

-43,650

167,822

164,286

78,829

43,420

74,132

75,288

36,892

22,369

19,455

32,949

28,822

65,818

71,534

59,374

0

0

0

Write off of Deferred Debt Issuance Cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,626

1,502

0

0

0

-

-

-

-

6,195

0

0

0

Loss on disposal of assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

0

0

0

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

-

-

11,054

8,948

10,173

9,403

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

0

0

0

Cash settlement of performance unit awards

-

-

-

-

-

-

-

-

-

-

-

-

-

6,394

6,394

6,394

6,394

2,738

2,738

2,738

2,738

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1,340

3,887

5,801

9,709

12,121

12,551

3,821

3,472

1,068

-2,024

5,068

4,001

4,802

4,596

3,818

3,551

3,818

4,554

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in accounts receivable, net

-31,932

-8,924

-35,038

-24,537

9,851

-4,669

27,742

29,215

18,973

12,124

8,617

-16,436

-6,302

-832

-19,304

-21,545

-24,575

-38,975

-2,643

14,965

29,408

49,953

25,497

4,986

-8,808

-6,825

-4,278

18,599

506

9,705

23,926

15,751

36,098

30,196

0

0

0

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-9,983

-

9,266

26,054

31,119

16,688

15,432

7,243

7,501

7,438

950

259

353

414

-1,489

146

22

833

0

0

0

Decrease (increase) in other current assets

7,257

14,059

-526

-4,909

2,151

1,865

6,797

10,890

4,353

3,461

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

-

-

-

(Increase) decrease in other noncurrent assets, net

694

-2,327

-2,766

-1,366

-281

-124

4,351

2,968

4,874

4,774

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts payable and accrued liabilities

-11,064

-28,983

-33,029

-22,963

-12,213

11,163

25,858

38,766

35,840

9,137

11,155

-8,605

44

5,432

-17,668

-22,818

-21,082

-38,881

-31,811

4,877

22,409

23,006

24,599

-13,628

-22,059

-32,581

-21,822

-17,207

-43,776

2,665

18,655

5,992

13,420

-3,825

0

0

0

(Decrease) increase in undistributed revenue and royalties

-23,863

-16,037

-23,276

-1,267

11,337

10,989

20,017

13,832

13,384

11,014

8,515

6,681

694

-7,735

-13,672

-19,287

-19,934

-30,898

-10,883

617

12,144

30,314

18,944

3,730

-5,517

-941

-2,650

8,827

8,838

9,221

7,972

12,882

16,093

16,180

0

0

0

Decrease in other current liabilities

1,587

-13,968

-16,722

-21,809

-38,210

-23,799

-24,361

-11,443

7,531

-2,327

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accrued compensation and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

737

3,402

2,814

2,492

0

0

0

(Decrease) increase in other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-8,696

-

6,069

-7,562

10,016

23,837

9,956

18,032

2,357

16,458

2,424

4,505

19,376

7,849

21,468

11,287

5,349

23,031

0

0

0

(Decrease) increase in other noncurrent liabilities

-8,650

-4,397

-1,364

-410

527

-854

8,486

8,442

8,491

8,821

-412

-388

-394

-419

-399

-395

-137

119

673

1,499

2,788

2,825

2,302

1,721

561

499

637

431

311

98

-20

-6

-177

-149

0

0

0

Increase in fair value of performance unit awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,081

2,568

1,124

1,499

601

550

3,729

4,733

4,733

5,244

2,924

1,439

1,797

0

0

0

-

-

-

-

Net cash provided by operating activities

507,205

475,074

496,144

536,472

468,791

537,804

521,391

490,614

467,601

384,914

382,892

374,565

363,562

356,295

335,897

340,273

345,599

315,947

347,445

372,483

397,025

498,277

465,627

426,538

429,786

364,729

368,757

355,276

348,434

376,776

393,860

381,808

359,490

344,076

0

0

0

Payments to Acquire Oil and Gas Property

222,160

199,284

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,089,075

738,659

701,576

702,349

734,565

797,367

835,845

895,312

882,283

812,385

746,766

687,062

0

0

0

Capital expenditures:
Acquisition of mineral interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,305

7,305

7,305

7,305

0

0

0

0

-

-

-

-

-

-

-

-

Payments to Explore and Develop Oil and Gas Properties

441,632

458,985

519,296

616,666

631,288

673,584

679,427

647,437

622,605

538,122

465,109

395,856

366,066

360,679

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Midstream service assets

6,409

7,910

7,761

7,028

5,684

6,784

14,971

19,975

22,518

20,887

12,689

7,932

5,034

5,240

4,453

4,747

16,962

35,459

50,522

68,776

70,462

60,548

54,278

42,016

30,883

24,409

20,542

17,512

16,428

16,241

14,744

14,055

13,803

13,368

0

0

0

Other fixed assets

2,757

2,433

3,083

3,308

3,850

7,308

7,246

7,187

7,665

4,905

10,233

9,462

8,184

7,611

1,568

3,416

5,836

9,125

22,371

25,549

27,994

27,444

15,995

15,890

13,038

16,257

16,460

12,570

14,290

8,755

6,935

6,799

6,092

6,413

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

69,609

95,556

128,041

112,020

99,855

80,594

50,188

58,359

55,164

37,581

19,471

13,649

3,287

3,287

3,287

938

0

0

0

0

-

-

-

-

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

-

-

-

-

-

1,655

831,270

831,270

831,270

829,615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from dispositions of capital assets, net of selling costs

6,909

6,901

7,017

1,222

11,625

12,603

12,462

13,033

5,663

64,157

64,160

63,488

59,694

397

53

65,264

65,132

64,949

65,384

1,188

1,517

1,750

22,053

450,725

450,396

450,128

0

0

0

-

-

-

-

56

0

0

0

Net cash used in investing activities

-666,049

-661,711

-527,201

-629,858

-646,735

-690,956

115,512

118,556

149,337

295,050

-465,400

-498,350

-484,199

-564,402

-591,525

-481,491

-519,125

-667,507

-905,090

-1,357,379

-1,470,241

-1,406,961

-1,188,674

-412,819

-349,765

-329,884

-378,843

-851,213

-887,944

-940,751

-924,389

-833,169

-766,619

-706,787

0

0

0

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

195,000

275,000

100,000

180,000

235,000

210,000

225,000

210,000

195,000

190,000

180,000

209,682

204,682

239,682

214,682

130,000

220,000

310,000

535,000

600,000

475,000

300,000

75,000

0

95,000

230,000

345,000

395,000

350,000

360,000

405,000

805,000

896,500

790,100

0

0

0

Payments on Senior Secured Credit Facility

190,000

90,000

0

0

0

-

-

-

-

260,000

95,000

215,000

334,682

304,682

279,682

144,682

25,000

475,000

475,000

475,000

475,000

0

0

0

0

-

-

-

-

-

-

-

-

1,096,700

0

0

0

Payments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Issuance of January 2025 Notes and January 2028 Notes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

552,000

0

0

0

Issuance of March 2023 Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350,000

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Repayments of Senior Debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

754,163

754,163

754,163

754,163

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases

-

-

-

-

-

97,055

97,055

87,218

53,714

0

-1,613

-1,541

-1,412

0

1,675

1,761

1,940

2,811

2,916

3,277

3,251

4,242

4,680

4,720

4,482

2,083

1,478

919

875

0

0

0

0

-

-

-

-

Stock exchanged for tax withholding

685

2,657

2,657

2,667

2,677

4,418

4,435

4,462

4,514

7,662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

397

358

499

566

208

0

0

0

-

-

-

-

1,885

3,281

3,879

3,635

2,050

0

0

0

-

-

-

-

-

-

-

-

Payments for debt issuance costs

18,383

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

6,759

6,759

6,759

6,422

7,791

10,064

10,064

10,783

2,987

0

0

0

-

-

-

-

23,170

0

0

0

Net cash provided by financing activities

177,077

182,343

12,343

112,582

166,599

86,144

-607,314

-607,590

-591,401

-600,477

72,966

139,500

138,894

209,625

209,585

102,934

-383,472

353,393

578,288

642,983

1,094,790

739,852

513,537

342,199

436,474

130,084

246,239

393,040

558,322

569,197

531,397

575,794

403,588

359,478

0

0

0

Net increase (decrease) in cash and cash equivalents

18,233

-4,294

-18,714

19,196

-11,345

-67,008

29,589

1,580

25,537

79,487

-9,542

15,715

18,257

1,518

-46,043

-38,284

-556,998

1,833

20,643

-341,913

21,574

-168,832

-209,510

355,918

516,495

164,929

236,153

-102,897

18,812

5,222

868

124,433

-3,541

-3,233

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0