Matador resources company (MTDR)
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
Current period net income

135,083

33,642

53,753

45,072

-9,485

144,088

25,115

65,637

64,924

42,441

17,979

31,687

45,900

104,309

12,048

-105,747

-107,667

-230,296

-242,015

-157,015

-50,198

46,546

29,619

18,226

16,363

15,374

20,105

25,120

-15,505

-21,188

-9,198

-6,676

3,801

3,940

6,194

7,152

-27,595

Operating activities
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Unrealized Gain (Loss) on Derivatives

136,430

-24,012

9,847

6,157

-45,719

74,577

-21,337

1,429

10,416

-11,734

-12,372

13,190

20,631

-10,977

3,203

-26,625

-6,839

-13,909

6,734

-23,533

-8,557

50,352

16,292

-5,234

-3,108

-606

-9,327

7,526

-4,825

-3,653

-12,993

15,114

-3,270

3,604

2,870

332

-1,668

Depletion, depreciation and amortization

90,707

101,043

92,498

80,133

76,866

72,478

70,457

66,838

55,369

54,436

47,800

41,274

33,992

31,863

30,015

31,247

28,923

35,370

45,238

51,769

46,470

43,767

35,143

31,797

24,030

23,802

26,127

20,234

28,232

27,655

21,680

19,914

11,205

9,176

7,288

8,178

7,111

Asset Retirement Obligation, Accretion Expense

476

468

520

420

414

404

387

375

364

353

323

314

300

354

276

288

264

307

183

132

112

133

130

124

117

100

87

80

81

86

59

58

53

51

62

56

39

Full-cost ceiling impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

78,171

80,462

219,292

285,721

229,053

67,100

0

0

0

0

0

0

-1

21,230

26,674

3,596

33,205

0

0

0

-0

35,673

Stock-based compensation expense

3,794

4,760

4,664

4,489

4,587

3,413

4,842

4,766

4,179

4,212

1,296

7,026

4,166

3,224

3,585

3,310

2,243

2,564

1,755

2,794

2,337

859

1,036

1,834

1,795

1,134

1,239

1,032

492

363

-51

191

-363

-

-

-

-

Stock option and grant expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,220

116

42

Restricted stock and restricted stock units expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

10

11

Deferred Income Tax Expense (Benefit)

39,957

10,197

13,490

12,858

-1,013

-7,236

0

0

0

-

-

-

-

-

-

-

-

-1,577

-33,010

-89,350

-26,390

30,225

16,661

9,095

8,261

7,632

1,661

0

0

0

-781

-3,713

3,064

1,431

0

0

-6,906

Amortization of debt issuance cost

684

670

625

546

643

506

440

46

365

365

39

20

44

249

307

292

300

301

551

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Assets and Asset Impairment Charges

-

-

-

-

-

-

-

-

-

-

16

0

7

-

1,073

1,002

1,065

-

0

0

-97

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-36,342

5,920

36,963

-3,495

3,873

-720

-3,667

12,589

-3,268

32,206

24,701

8,865

16,777

6,477

5,031

10,058

-7,307

-1,636

-14,158

14,301

-2,140

713

-733

6,397

6,941

1,274

2,649

-11

-1,752

7,624

5,957

-5,695

8,456

-888

-1,115

2,038

1,487

Lease and well equipment inventory

1,296

-2,470

-5,763

1,991

1,465

-3,171

6,736

4,805

3,806

1,957

1,526

287

-147

31

155

664

-150

-45

-44

157

112

18

157

5

31

-45

82

-159

-121

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-174

-

-

-

936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-1,749

-

-

-

-9,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

1,268

-1,665

1,493

674

736

-395

368

2,251

50

260

-233

47

215

-814

779

364

709

-582

232

424

-1,480

1,933

-278

493

129

-564

-159

544

-410

126

144

-510

Other assets

-

-

-

-

-

-3,418

-149

-100

249

6,642

-52

-126

-39

-10

40

-423

-97

1,217

-219

-253

-193

-2,022

342

2

466

-180

611

-55

172

23

709

-46

-13

-

-

-

-

Accounts payable, accrued liabilities and other current liabilities

-58,562

-3,464

33,206

-7,125

-41,621

47,824

21,706

-16,067

15,184

-1,509

30,626

-3,814

8,256

-3,099

7,259

-140

2,591

-15,488

3,547

-32,387

45,703

1,427

-303

16,023

-16,540

7,064

-15,317

15,403

-10,788

13,635

4,418

10,250

-8,563

15,857

970

-7,428

4,098

Royalties payable

384

21,003

-1,939

8,853

-7,500

-2,247

-2,728

6,766

1,627

7,719

18,216

4,451

6,984

2,270

5,072

4,128

-3,975

-5,244

2,645

7,160

-2,907

488

285

4,293

1,597

-2,555

4,018

-1,371

1,165

620

423

2,301

1,341

-1,675

905

1,226

416

Advances from joint interest owners

3,598

-7,028

-3,084

-54

6,297

1,386

6,460

-9,962

-6,063

1,557

1,122

-2,513

-1,255

2,147

1,936

-2,559

-2,524

-394

141

931

-1,378

0

0

0

0

10

-10

2,549

-1,034

-

-

-

-

0

0

0

722

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-385

-2,463

-

0

0

-444

-

-249

1,539

1,275

-

902

32

46

-

-

-

-

-

-

-

-

Other long-term liabilities

-92

1,617

-522

8,364

-6,608

-103

-153

-48

-49

2

-459

-954

-108

309

-2

1,962

1,875

986

-441

297

-353

-27

38

1

-199

-724

396

534

209

-124

-21

138

289

598

140

0

-125

Net Cash Provided by (Used in) Operating Activities

109,372

198,915

158,630

135,257

59,240

189,205

165,110

118,059

136,149

76,609

101,274

59,933

61,309

37,624

46,862

31,242

18,358

22,611

72,534

20,044

93,346

71,122

66,884

81,530

31,945

52,278

43,280

51,683

32,229

43,903

28,799

46,416

5,110

27,425

14,912

6,798

12,732

Investing activities
Oil and natural gas properties capital expenditures

173,994

194,144

186,102

167,627

182,288

251,246

684,961

238,173

183,422

182,175

188,341

124,472

204,457

90,892

125,794

88,011

74,370

97,764

97,924

109,587

127,440

153,826

172,688

141,444

92,891

105,976

83,227

90,602

83,387

87,987

78,277

82,466

51,959

51,698

15,101

55,518

34,113

Midstream capital expenditures

73,439

71,243

56,686

30,766

33,340

42,553

42,367

41,496

36,806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenditures for other property and equipment

787

-210

1,705

1,399

807

992

312

732

526

-74,872

38,817

20,876

20,867

17,697

9,600

20,139

27,409

17,761

13,853

18,644

14,241

6,246

1,022

877

1,007

919

977

707

1,374

2,035

1,776

2,108

1,413

1,368

1,581

541

1,180

Proceeds from sale of assets

0

250

138

19,978

1,555

66

674

7,593

0

0

0

627

350

0

5,173

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business combination, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

357

-357

24,028

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

577

1,058

1,334

1,329

Maturities of certificates of deposit, net of purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,327

1,057

1,329

1,599

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

339

-100

-43,337

43,098

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash in less-than-wholly-owned subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,004

50

-510

808

-571

30

383

-

-

0

0

-61

0

0

61

-

150

116

150

-

-

-

-

Maturities of certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

80

150

-

150

577

758

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-248,220

-264,927

-244,355

-179,814

-214,880

-294,725

-726,966

-272,808

-220,754

-222,431

-227,158

-144,721

-224,974

-151,143

-131,564

-108,100

-57,932

-19,595

-111,563

-127,904

-166,092

-160,602

-173,710

-142,321

-93,898

-106,855

-84,183

-91,229

-84,672

-89,986

-80,053

-84,113

-52,764

-52,316

-16,683

-56,064

-35,024

Financing activities
Repayments of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

123,000

-

-

-

-

Borrowings under Credit Agreement

60,000

65,000

20,000

65,000

100,000

40,000

325,000

45,000

0

-

-

-

-

-

-

-

-

0

0

55,000

70,000

90,000

100,000

60,000

70,000

55,000

30,000

40,000

55,000

44,000

46,000

45,000

25,000

131,000

0

45,000

15,000

Borrowings under San Mateo Credit Facility

19,500

28,000

20,000

20,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost to amend Credit Agreement

660

-

198

415

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

146,160

0

0

142,350

0

0

188,720

0

-

-

-

-

-

-

-

-

0

0

0

146,510

0

0

0

591

Cost to issue equity

-

-

-

-

-

-

-

-

-

-

-

-

-

17

62

154

614

7

-21

1,172

0

-

-

-

-

-

-

-

-

0

0

269

11,330

525

427

726

31

Proceeds from stock options exercised

45

0

2

148

3,150

-12

363

300

164

0

719

220

1,981

100

0

0

0

-

-

-

-

37

0

0

6

0

0

0

0

0

0

0

2,660

0

112

522

202

Contributions related to formation of San Mateo I

14,700

-

-

-

14,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions related to formation of San Mateo I

-

-

-

-

-

-

0

0

14,700

-

0

0

171,500

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries

50,000

35,000

22,499

7,501

12,330

12,250

19,600

24,500

29,400

14,700

14,700

9,800

4,900

0

0

0

0

-562

-38

150

450

150

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries

11,515

-

10,045

9,310

8,330

-

6,860

5,635

4,900

-

3,675

1,960

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of stock-based compensation

1,336

26

356

101

3,208

415

1,368

225

4,458

1,348

1,445

1,074

1,896

396

543

444

565

45

0

1,515

50

23

0

285

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest of less-than-wholly-owned subsidiary

-

-

-

-

-

-

-

-

-

0

0

0

-2,653

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid under financing lease obligations

219

295

133

216

274

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends - Class B

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

96

69

69

68

68

Net Cash Provided by (Used in) Financing Activities

130,515

90,334

41,769

82,607

118,368

136,496

471,351

245,479

34,906

217,382

10,299

6,986

173,832

262,738

64,395

-598

141,171

-171

-707

155,422

70,400

90,164

99,914

61,086

70,006

54,534

42,128

39,999

55,000

44,000

46,000

44,755

39,744

27,406

-384

44,728

15,693

Decrease in cash and restricted cash

-8,333

24,322

-43,956

38,050

-37,272

30,976

-90,505

90,730

-49,699

71,560

-115,585

-77,802

10,167

149,219

-20,307

-77,456

101,597

2,845

-39,736

47,562

-2,346

684

-6,912

295

8,053

-43

1,225

453

2,557

-2,083

-5,254

7,058

-7,910

2,515

-2,155

-4,537

-6,598