Mexco energy corp (MXC)
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'10Jun'10
Cash flows from operating activities:
Net income (loss)

35,196

-82,787

-54,186

-36,321

-13,076

22,031

14,420

264,461

-101,228

-189,170

-295,552

-3,454

-159,741

-237,902

-293,456

-433,476

-2,445,536

-776,307

-324,366

-270,975

-175,321

86,256

19,054

2,272

88,659

194,051

16,131

-74,340

-39,580

763

-63,217

95,375

50,961

79,272

104,385

52,982

26,898

70,040

5,776

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Deferred income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-147,539

-361,384

-151,947

-175,740

-13,856

9,478

-17,381

48,033

9,474

-59,075

6,818

118,579

-51,965

-28,534

-69,584

22,149

11,927

-32,117

-29,919

24,505

85,561

-51,151

-49,009

Excess tax benefit from share based payment arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,858

-58,442

-71,296

0

59,500

-33,998

0

Stock-based compensation

8,125

8,125

8,125

8,104

8,104

3,006

3,442

3,488

3,490

5,050

8,725

10,440

10,738

13,085

18,601

21,183

23,873

30,648

41,249

43,458

45,775

39,877

24,276

33,130

37,080

42,866

39,372

22,801

30,694

41,029

43,779

43,363

27,377

22,147

27,237

4,474

29,454

13,754

3,668

Depreciation, depletion, and amortization

228,762

209,729

210,238

184,561

196,206

205,583

216,075

35,853

247,801

285,507

311,258

297,785

273,885

297,370

308,382

328,121

375,987

450,648

417,982

386,193

353,158

322,696

300,815

280,403

277,557

298,489

295,033

325,611

283,498

259,780

231,536

293,843

223,182

234,006

245,174

284,655

244,065

267,691

251,495

Accretion of asset retirement obligation

6,961

6,590

6,747

10,905

9,464

3,771

3,635

6,264

8,639

8,308

8,249

8,804

9,248

8,895

8,796

8,761

8,797

8,813

8,784

10,269

8,119

4,709

4,835

11,355

11,074

11,020

10,917

10,554

9,680

9,604

9,538

9,218

9,297

8,698

9,038

8,666

8,489

8,544

8,430

Amortization of debt issuance costs

3,593

3,595

3,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80,120

-15,877

33,628

-178,546

-7,403

59,295

27,392

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,466

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable

60,083

-22,392

21,936

-6,135

-134,996

-134,365

-207,144

201,839

298,235

-31,993

-30,998

51,332

-37,812

-125,190

228,803

-8,577

-120,337

-64,184

22,054

-100,019

-61,779

-72,129

36,754

302,499

-47,596

-56,357

-107,645

-21,785

-80,298

-88,610

73,570

43,872

97

51,567

-32,484

15,221

-7,577

29,427

149,086

Decrease in right-of-use asset

-16,313

-16,314

-16,314

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in prepaid expenses

-21,772

819

-15,387

32,388

-15,838

-503

-9,895

28,801

-17,682

1,782

-1,643

26,690

-7,337

-3,112

-23,200

29,411

-15,668

-6,882

-8,195

-31,733

-28,509

108,269

-32,213

38,064

25,187

-15,114

-38,614

69,686

-23,146

-14,102

-34,937

44,546

88,615

-59,861

-25,603

19,209

27,783

-55,072

-39,238

Decrease (increase) in other assets

0

0

-30,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other noncurrent assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,162

6,291

62,437

-16,239

-46,463

109,480

-116,454

0

0

0

-

-

-

-

-

-

-

-

Decrease in income tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-6,500

6,500

0

0

0

-

-

-

-

-124,880

-4,858

58,442

71,296

0

-59,500

33,998

0

Decrease in accounts payable and accrued expenses

-40,419

-3,808

-10,148

63,726

-24,549

-24,335

-299,061

226,807

-50,713

-18,960

146,697

-20,502

-222,546

-108,159

227,205

-93,432

-52,426

-222,269

302,550

109,223

-1,840

-64,489

55,600

68,866

-95,088

18,407

51,104

-22,685

-12,348

-46,126

63,801

22,421

-46,864

-50,624

85,324

17,638

-81,904

-130,308

114,734

Settlement of asset retirement obligations

-3,360

-6,136

-2,558

-12,422

-290

-888

-1,049

-18,345

-735

-6,360

-169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in operating lease liability

-16,214

-16,213

-16,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

200,646

156,982

185,956

191,827

321,964

344,036

154,501

287,888

-173,299

114,586

211,849

204,312

-47,625

75,268

-24,243

-189,677

49,782

35,799

279,598

229,982

238,656

283,182

425,159

675,344

280,050

447,119

409,988

313,433

115,069

133,804

254,486

574,787

364,592

253,088

383,152

422,684

314,909

152,925

444,942

Cash flows from investing activities:
Additions to oil and gas properties

258,298

527,194

314,945

180,107

193,412

409,579

29,042

290,473

321,179

280,943

200,062

284,857

249,377

219,516

48,561

54,408

297,073

367,300

419,325

488,180

3,463,326

542,250

284,223

1,161,523

202,858

322,773

463,324

281,805

165,956

381,327

471,063

1,014,887

336,314

168,634

122,614

767,078

36,583

1,534,273

97,440

Additions to other property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

812

287

0

931

0

0

10,357

3,449

0

0

0

0

0

0

0

2,359

Investment - cost basis

0

25,000

75,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,820

25,680

-1,073

-795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Drilling refunds

-

-

-

-

-

-

-

-

-

-

-

7,114

0

0

75,808

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62,048

-25,281

10,751

19,489

13,020

11,190

23,736

6,335

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of oil and gas properties and equipment

52,685

25,350

1,098

51,078

79,350

14,853

17,023

614,011

1,998,628

89,046

460,461

256,024

2,781,245

133,634

60,212

540,495

644,831

137,344

188

375

3,116

12,094

125

44

220,057

743,220

67

68

68,974

0

0

814

8,121

0

462,608

1,454

0

1,653

0

Net cash used in investing activities

-207,850

-526,844

-388,847

-134,588

-110,279

-398,509

-12,019

357,440

1,732,693

-172,397

260,399

-21,719

2,531,868

-85,882

87,459

458,267

325,813

-232,516

-419,137

-434,022

-3,438,509

-580,694

-303,743

-1,238,541

7,793

394,737

-470,620

-286,655

-1,246,982

-391,684

-474,512

-1,016,396

-328,193

-168,634

339,994

-765,624

-36,583

-2,010,620

-99,799

Cash flows from financing activities:
Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

506,438

16,312

0

10,875

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100,000

100,000

200,000

200,000

3,150,000

325,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

150,000

330,000

225,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction of long-term debt

-

-

-

0

450,000

50,000

200,000

250,000

1,518,000

7,500

424,500

170,000

2,450,000

0

60,000

270,000

500,000

0

0

0

0

25,000

125,000

350,000

300,000

725,000

0

100,000

25,000

0

225,000

150,000

25,000

175,000

850,000

2,040,000

-200,000

-445,000

0

Excess tax benefit from share based payment arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,858

58,442

71,296

0

-59,500

408,998

-375,000

Net cash provided by (used in) financing activities

0

290,000

225,000

-34,532

-455,000

-31,759

-200,000

-250,000

-1,518,000

-7,500

-424,500

-170,000

-2,450,000

0

-60,000

-270,000

-400,000

100,000

200,000

194,991

3,150,000

300,000

-125,000

508,806

-300,000

-725,000

0

34,453

1,141,313

300,000

-225,000

865,120

-40,658

-128,538

-778,704

356,438

-255,513

1,858,998

-364,125

Net decrease in cash and cash equivalents

-7,204

-79,862

22,109

22,707

-243,315

-86,232

-57,518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-65,311

47,748

12,593

34,243

-10,614

3,216

-1,410

-24,405

-96,717

60,461

-9,049

-49,853

2,488

-3,584

-54,391

-12,157

116,856

-60,632

61,231

9,400

42,120

-445,026

423,511

-4,259

-44,084

-55,558

13,498

22,813

1,303

-18,982

Supplemental disclosure of cash flow information:
Cash paid for interest

6,652

3,332

4,063

0

6,673

6,483

7,964

13,465

26,531

26,780

28,104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,151

41,330

43,442

42,590

40,523

38,120

22,155

15,602

15,387

11,540

16,206

19,294

20,130

17,406

11,913

10,444

9,395

4,549

5,879

6,953

10,539

12,842

14,132

4,550

4,214

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,500

-

0

0

0

0

0

0

0

-

-

-

-

0

0

0

0

Non-cash investing and financing activities:
Asset retirement obligations

5,054

8,058

2,363

3,566

395

2,954

1,743

333

2,189

2,224

1,943

3,506

1,633

-74,392

78,006

747

1,527

520

3,050

3,224

263,669

7,099

156

136,768

-584

-1,974

-97

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease - right of use asset and associated liabilities

0

0

141,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

782

-

2,385

7,777

2,895

90,873

4,693

2,697

15,740

41,820

6,492

1,438

3,718

16,979

0

4,619

3,445