Contango oil & gas company (MCF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Jun'13Dec'12Jun'12Dec'11Jun'11Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-9,720

-907

59,213

69,909

64,459

50,166

Income (loss) from discontinued operations, net of taxes

-

-

-

-

-

-

-

0

-29

-824

-1,204

574

-

Net income (loss)

-

-

-

-

-

-21,874

41,362

-

-936

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-9,720

-

58,389

68,705

65,033

-

Plus Income (loss) from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-480

Net loss

-159,796

-121,568

-17,643

-58,029

-335,048

-

-

-

-

-

-

-

49,686

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

39,807

41,657

47,215

63,323

133,380

156,117

65,529

-

44,896

-

-

-

-

Impairment of natural gas and oil properties

126,964

103,164

1,785

10,438

285,870

47,075

767

-

-

-

-

-

-

Amortization of debt issuance costs

144

-

-

-

-

-

-

-

-

-

-

-

-

Exploration recovery

-

-

-232

-1

6,494

31,488

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

41,060

-

49,052

52,398

59,337

35,374

Impairment of natural gas and oil properties

-

-

-

-

-

-

-

14,845

14,078

1,031

3,240

2,315

952

Exploration expenses

-

-

-

-

-

-

-9

51,350

51,379

0

-477

9,657

20,502

Deferred income taxes

424

-

-424

-

-92,329

-12,284

13,159

-

-

-

-

-

-

Loss (gain) on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

113

Gain (loss) from investment in affiliates

-

-

-

-

-

-

3,554

1,910

92

-690

0

0

0

Gain on sale of assets

518

13,224

2,321

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-2,087

-8,569

-5,716

-6,382

-7,819

19,399

Gain on sale of assets

-

-

-

-92

-231

-

21,961

0

-

-169

-1,094

1,813

-

Loss (gain) from investment in affiliates

742

-12,721

2,697

1,545

-47,049

10,651

-

-

-

-

-

-

-

Stock-based compensation

2,352

4,766

6,100

6,457

6,516

4,515

3,180

0

-154

3

179

1,276

667

Excess tax benefit from exercise of stock options

-

-

-

-

-

-

-

0

-254

-254

0

-502

-

Unrealized loss (gain) on derivative instruments

-5,973

5,421

2,204

-3,446

-

1,131

-1,410

-

-

-

-

-

-

Unrealized loss on derivative instruments

-

-

-

-

-

-

-

0

-

0

0

0

-

Changes in operating assets and liabilities:
Tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-79

Decrease (increase) in accounts receivable & other

9,903

-1,316

-3,914

-1,006

-4,261

-28,942

6,285

-2,969

-19,894

-14,280

2,789

2,029

9,129

Decrease in prepaid expenses

-451

-589

105

560

-714

19

-30

-

347

-

-

-

-

Decrease in inventory

-

-

-

-

-

-

-

1,887

-

0

-470

0

-

Increase in prepaids and other receivables

-

-

-

-

-

-

-

-1,894

-

1,840

-2,828

-1,671

3,234

Increase (decrease) in accounts payable & advances from joint owners

10,739

-2,433

450

2,116

-28,672

-8,322

-4,720

1,166

-10,918

-27,842

583

-5,718

14,846

Increase (decrease) in other accrued liabilities

13,019

-1,209

1,353

2,436

-5,711

-4,236

3,569

-1,914

-877

-3,413

-958

7,142

301

Increase in income taxes receivable, net

85

-

332

-2,777

-405

-884

-11,778

-5

15,117

11,357

-9,204

-11,917

-662

Increase (decrease) in income taxes payable, net

-153

40

-252

-187

481

-

-

-

-

-

-

-

-

Other

6,966

-3,079

-79

-242

-1,314

544

-782

116

2,861

-379

-5

-91

1,646

Net cash provided by operating activities

-

-

-

-

-

209,960

105,037

-

90,122

-

-

-

-

Net cash provided by operating activities

21,710

23,477

34,686

32,011

24,955

-

-

95,655

-

73,571

128,100

140,558

128,188

CASH FLOWS FROM INVESTING ACTIVITIES:
Natural gas and oil exploration and development expenditures

42,737

58,947

66,571

24,929

77,820

180,422

62,552

80,418

78,549

20,847

40,229

69,993

97,703

Acquisition of natural gas & oil properties

112,075

-

-

-

-

-

-

-

-

-

-

-

-

Additions to furniture & equipment

53

42

42

-

-

-

-

-

-

-

-

-

-

Sale of furniture & equipment

-

-

12

11

-

-

-

-

-

-

-

-

-

Sale of oil and gas properties

10

27,805

1,151

5,120

-

-

20,000

0

-

0

38,671

38,671

0

Sale of energy credits

-

497

-

-

-

-

-

-

-

-

-

-

-

Advance under note receivable

-

-

-

-

-

-

-

0

500

500

400

0

0

Repayment of note receivable

-

-

-

-

-

-

-

0

900

500

0

2,028

0

Investments in affiliates

-

-

-

-

-

-

15,397

16,416

54,765

53,406

499

3,959

0

Return of investment in affiliates

-

-

-

-

1,014

-

-

-

-

-

-

-

-

Distributions from affiliates

-

-

-

-

-

5,365

23,154

8,146

8,969

823

0

0

0

Net cash used in investing activities

-

-

-

-

-

-175,057

-34,795

-

-123,945

-

-

-

-

Additions to furniture and equipment

-

-

-

-

-

-

-

0

-

0

101

0

-

Net cash used in investing activities

-154,855

-30,687

-65,450

-19,798

-76,806

-

-

-88,688

-

-73,430

-2,558

-33,253

-97,703

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under Credit Agreement

256,923

236,611

239,514

148,881

356,102

491,257

180,394

0

-

0

0

0

-

Repayments under Credit Agreement

244,154

261,992

208,488

209,972

304,016

517,898

90,394

0

-

0

0

0

-

Net proceeds from equity offerings

125,710

33,038

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from equity offering

-

-

-

50,435

-

-

-

-

-

-

-

-

-

Payment of long-term debt

-

-

-

-

-

-

235,373

0

-

0

0

0

-

Cash dividends paid

-

-

-

-

-

-

-

30,510

30,510

0

0

6

0

Reissuance of treasury stock

255

447

262

561

235

8,344

2,017

4,955

8,374

20,419

17,000

9,769

23,380

Proceeds from exercised options

-

-

-

-

-

120

31

0

-

0

0

0

914

Debt issuance costs

3,455

-

-

996

-

38

2,370

0

-

0

37

494

0

Excess tax benefit from exercise/cancellation of stock options

-

-

-

-

-

-

0

0

254

254

0

502

79

Net cash provided by (used in) financing activities

-

-

-

-

-

-34,903

-149,729

-

-38,630

-

-

-

-

Net cash provided by financing activities

134,769

7,210

30,764

-12,213

51,851

-

-

-35,465

-

-20,165

-17,037

-9,767

-22,387

NET DECREASE IN CASH AND CASH EQUIVALENTS

1,624

0

0

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

0

0

-

-79,487

-28,498

-72,453

-20,024

108,505

97,538

8,098

Cash paid for taxes, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

11,535

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

250