Contango oil & gas company (MCF)
CashFlow / Quarterly
Dec'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'11Dec'10Sep'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,338

14,700

19,589

15,586

18,093

16,641

9,907

19,818

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,404

-

-185,685

-19,528

-18,564

-19,926

3,664

4,581

-10,193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,869

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26

-113

-682

-

156

1,860

-877

Net loss

-138,379

-7,838

-4,961

-8,618

-33,803

-81,524

-7,178

937

-5,578

-6,916

-6,034

885

-

-

-

-

-

-

-

-

-

-

-

-

-

19,740

-

-

-

-27,549

-

14,674

19,476

14,904

-

16,797

11,767

18,941

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

16,205

8,473

7,573

7,556

8,821

12,853

9,498

10,485

11,537

11,193

12,714

11,771

13,737

15,166

17,875

16,545

21,109

38,386

38,770

35,115

41,264

40,550

39,901

34,402

33,287

11,518

10,230

10,494

-

-

-

-

-

-

-

-

-

-

Impairment of natural gas and oil properties

124,718

1,167

596

483

26,989

72,285

793

3,097

-

-

-

-

6,301

1,125

1,140

1,872

48,214

235,112

239

2,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exploration recovery

-

-

-

-

-

-

-

-

0

0

0

-232

1

56

0

-58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of natural gas and oil properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,096

499

15,093

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,286

11,518

10,230

10,494

10,770

9,566

12,849

11,710

13,537

10,956

12,357

15,548

16,205

15,227

Impairment of natural gas and oil properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

767

0

5,668

8,410

0

0

0

1,031

-

-

-

-

Exploration expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,216

-

-5,161

10,089

26,666

20

0

-95

66

6,547

44,832

0

0

0

0

-502

30

9,506

623

Deferred income taxes

0

0

0

424

-

-

-

-

-

-

-

-

-

-

-

-

-1

-71,169

-10,704

-10,455

-8,799

3,416

3,032

-9,933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) from investment in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

858

-

1,980

2,274

2,496

1,396

1,030

2,893

-1,765

530

252

-690

0

0

0

-

-

-

-

Gain on sale of assets

-83

192

421

-12

1,909

498

1,370

9,447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,621

4,473

-38

103

5,080

-7,232

-2,565

-3,852

795

-94

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-184

-420

2,940

-

-

-

-

-

-

-

-

-

-

-

-

6,316

15,645

0

0

0

0

-

-

-

-

-

-

-

-

Loss (gain) from investment in affiliates

893

-608

427

30

-12,683

-270

-475

707

222

525

166

1,784

-257

467

1,295

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

Stock-based compensation

159

556

585

1,052

994

764

1,584

1,424

1,540

1,482

1,622

1,456

2,142

1,337

1,279

1,699

1,508

2,430

1,438

1,140

1,182

1,218

1,029

1,086

-

-

-

0

-

-

-

-

-

-

-94

115

1,034

221

Unrealized loss (gain) on derivative instruments

-4,905

1,010

1,568

-3,646

7,972

-240

-1,792

-519

-1,593

-530

1,052

3,275

-1,046

1,532

-6,628

2,696

-

-

-

-

-363

1,963

-212

-257

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable & other

10,493

940

-1,384

-146

-961

1,777

-2,774

642

853

277

-204

-4,840

6,020

-1,680

1,625

-6,971

-680

-1,557

1,441

-3,465

-10,239

-3,054

761

-16,410

5,504

2,573

-705

-1,073

-242

-1,355

-4,257

-13,979

6,241

-2,285

-947

-370

1,963

1,383

Decrease in prepaid expenses

-143

-10

537

-835

113

-350

588

-940

106

-403

1,393

-991

278

-897

1,551

-372

-5,912

4,025

-1,404

2,577

-587

-1,086

-835

2,527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in prepaids and other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,178

-1,160

-2,936

2,687

-1,445

-200

90

4,009

-1,365

-894

-

-

-

-

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

-4,132

6,279

12,891

-4,299

-6,004

5,598

4,026

-6,053

2,194

-1,703

-3,910

3,869

7,737

3,030

-3,193

-5,458

-3,299

-3,228

-5,354

-16,791

-10,715

343

-98

2,148

-6,429

2,826

-4,296

3,195

4,180

-1,913

-2,888

-10,384

55

-14,625

16,276

-1,681

-2,137

-18,176

Increase (decrease) in other accrued liabilities

11,808

1,561

476

-826

-2,173

3,582

-697

-1,921

-1,108

3,721

-287

-973

52

1,679

530

175

-4,217

-971

1,507

-2,030

-1,747

-2,649

3,904

-3,744

3,812

-278

-1,947

1,981

-471

-1,477

-346

1,417

293

-4,777

-619

4,030

1,726

2,005

Increase in income taxes receivable, net

-369

30

0

424

-

-

-

-

-

-

-

-

91

0

-2,500

-368

343

-278

-270

-200

-418

-408

-444

386

4,493

-4,598

-9,697

-1,976

3,851

7,817

4,779

-1,330

9,557

-1,649

-

-

-

-

Increase (decrease) in income taxes payable, net

-27

132

-285

27

-168

-21

71

158

56

-107

-389

188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,082

-11,898

6,703

Other

-

-

269

123

-

-

-14

-3,279

-7

-11

0

-61

-259

-1

0

18

-81

-431

-803

1

122

94

145

183

-41

117

-879

21

157

207

-464

463

-12

-366

51

604

-213

-533

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,328

-

10,499

14,586

-5,835

33,124

48,988

61,248

66,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

12,463

-5,651

15,037

-139

-1,666

11,880

11,194

2,069

8,581

7,996

3,252

14,857

-

-

-

-

-

-

-

-

-

-

-

-

33,806

24,672

26,895

21,814

29,030

17,916

16,927

23,993

20,062

12,589

46,420

49,138

20,236

24,764

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

15,428

12,705

9,480

5,124

15,724

13,146

13,833

16,244

14,634

16,384

14,746

20,807

5,080

12,466

2,547

4,836

7,431

13,603

21,524

35,262

33,723

37,428

63,477

45,794

41,237

11,322

7,169

4,626

51,418

17,205

2,113

5,707

1,551

11,476

14,838

12,446

30,207

12,502

Additions to furniture & equipment

36

0

0

17

-

-

-

-

0

3

25

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

11

12

Sale of oil and gas properties

-

-

-

-

6,243

0

597

20,965

0

481

0

670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

481

847

14,069

767

733

42,172

11,093

1

140

359

0

3,500

100

Distributions from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,365

0

23,154

0

0

323

7,823

823

0

0

0

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,836

-

-13,603

-21,524

-35,262

-33,723

-37,428

-63,477

-40,429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-127,539

-12,695

-9,480

-5,141

-9,523

-12,649

-13,236

4,721

-14,634

-15,906

-14,759

-20,151

-

-

-

-

-

-

-

-

-

-

-

-

-21,585

11,351

-8,016

-18,695

-51,862

-10,115

-43,427

-16,435

-1,952

-11,616

23,546

-12,495

-31,690

-12,614

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under Credit Agreement

119,268

64,107

36,523

37,025

54,292

51,642

55,845

74,832

67,499

58,509

58,543

54,963

30,571

38,784

34,359

45,167

71,724

66,111

96,228

122,039

138,699

118,585

167,452

66,521

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Repayments under Credit Agreement

74,600

96,006

42,075

31,473

76,064

50,698

53,679

81,551

61,345

50,599

46,949

49,595

38,679

87,299

35,563

48,431

70,848

62,943

89,290

80,935

129,754

130,148

165,304

92,692

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Net costs from equity offering

-

-

-45

86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reissuance of treasury stock

19

0

50

186

77

175

124

71

101

0

87

74

331

0

2

228

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,419

0

3,468

13,532

0

0

8,903

866

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

0

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

18

441

16

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,492

-

3,104

6,938

41,097

599

-11,560

2,229

-26,171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

114,656

20,390

-5,557

5,280

11,189

769

2,042

-6,790

6,053

7,910

11,507

5,294

-

-

-

-

-

-

-

-

-

-

-

-

-149,729

0

0

0

-35,465

0

-3,419

254

-3,468

-13,532

-19

-18

-8,848

-882

NET DECREASE IN CASH AND CASH EQUIVALENTS

-420

2,044

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

0

0

0

-137,508

36,023

18,879

3,119

-58,297

7,801

-29,919

7,812

14,642

-12,559

69,947

36,625

-20,302

11,268

Cash paid for taxes, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,808

-

-

-

600

-

10,450

20,085

7,500

-

-1,852

24,821

4,679

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

13

-

38

38

37

-

37

23

63