Pdc energy, inc. (PDCE)
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
Cash flows from operating activities:
Net income (loss)

-465,015

-20,952

15,908

68,548

-120,176

178,853

-3,434

-160,257

-13,139

77,637

-292,537

41,250

46,146

-55,639

-23,309

-95,450

-71,530

3,022

-41,494

-46,870

17,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-465,015

-

15,908

68,548

-120,176

-

-3,434

-160,257

-13,139

-

-292,537

41,250

46,146

-

-23,309

-95,450

-71,530

-

-41,494

-46,870

17,062

-

53,997

-28,187

-2,127

-

-16,000

19,918

-39,418

-

-32,643

12,271

15,835

-8,364

32,560

9,165

-19,924

Adjustments to net income (loss) to reconcile to net cash provided by operating activities:
Net change in fair value of unsettled derivatives

388,875

-213,304

-53,022

302,702

-181,622

93,557

46,298

99,718

21,202

47,047

61,763

-45,917

-80,153

-563,947

28,352

146,055

55,770

-14,469

55,547

-93,099

16,230

276,958

96,276

-43,022

-18,931

-4,744

-22,144

20,808

-30,721

-38,051

44,996

-22,546

-1,533

-4,007

41,702

18,651

-27,745

Depreciation, depletion and amortization

176,157

152,368

171,839

168,523

151,422

149,841

147,540

135,624

126,788

108,517

125,238

126,013

109,316

99,545

112,927

107,014

97,388

96,385

80,947

70,106

55,820

50,363

50,911

53,743

46,639

40,641

30,870

27,800

30,207

40,134

32,483

34,448

39,814

35,807

34,316

32,674

32,357

Impairment of natural gas and crude oil properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,772

163,226

2,137

938

979

1,366

4,472

1,502

46,462

166,731

395

370

653

23,441

766

499

453

Impairment of properties and equipment

881,074

1,515

167

28,979

7,875

264,167

1,488

159,554

33,188

3,388

252,740

27,566

2,193

3,869

933

4,170

1,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exploratory dry hole costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

0

-136

-35

Provision for uncollectible notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-700

0

44,738

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of asset retirement obligations

2,620

1,614

1,356

1,563

1,584

1,302

1,200

1,285

1,288

1,400

1,472

1,666

1,768

1,680

1,777

1,811

1,812

1,551

1,594

1,588

1,560

873

866

855

861

1,080

1,186

1,236

1,245

1,221

1,195

825

819

-

-

-

-

Non-cash stock-based compensation

5,672

5,713

5,866

7,575

4,683

5,425

5,578

5,518

5,261

4,766

4,761

5,372

4,454

4,297

4,079

6,444

4,682

5,790

4,813

5,097

4,368

4,407

4,232

5,032

3,847

2,889

3,040

4,349

2,602

2,369

2,225

1,955

1,946

1,539

1,693

4,004

1,545

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-236

-120

-

-

-

-

(Gain) loss on sale of properties and equipment

179

-19,333

43,872

-34,642

369

-3,593

2,118

-351

1,432

1,520

-62

-532

-160

86

-219

260

-84

83

74

207

21

76,356

-22

363

-725

-2,151

-542

-1,067

38

48,101

-1,497

-1,842

-20,489

377

32

-74

3,928

Amortization of debt discount and issuance costs

3,640

3,436

3,408

3,382

3,349

3,315

3,082

3,126

3,246

3,279

3,229

3,215

3,184

3,216

9,874

1,323

1,754

1,732

1,787

1,770

1,751

1,732

1,763

1,734

1,709

1,690

1,674

1,667

1,752

2,782

1,535

1,906

1,641

1,161

1,704

1,696

1,704

Deferred income taxes

-6,331

2,133

10,586

22,512

-37,487

59,134

-2,848

-45,372

-4,809

-132,156

-122,296

24,487

26,280

-23,113

-11,817

-58,947

-43,372

3,355

-22,140

-31,164

8,534

73,493

38,544

-21,927

-1,636

5,831

-10,639

10,075

-21,150

-73,289

-19,420

1,416

10,914

-2,857

22,930

3,481

-14,024

Other

1,011

166,052

2,366

374

21

19,776

51

459

515

-5,050

316

-52

722

8,864

761

-85

-1,202

1,620

228

166

-568

-996

-669

182

-272

4,182

-541

-440

-36

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

938

230

-1,512

2,529

-1,016

-136

Changes in current assets and liabilities:
Changes in assets and liabilities

-56,507

-106,647

31,143

7,278

35,424

-83,348

-4,096

-23,596

30,177

-28,849

-2,727

-9,918

25,750

-54,097

40,375

-15,947

10,193

-851

-13,781

32,274

-7,941

8,267

-14,848

3,930

-10,835

-64,503

-40,769

48,602

8,085

-2,951

23,306

-4,109

-5,411

-6,526

17,042

-22,024

10,623

Net cash from operating activities

266,281

182,501

233,489

285,136

157,100

311,468

196,977

175,708

205,149

177,161

148,205

132,947

139,500

125,432

163,033

96,648

101,150

128,067

136,549

64,580

81,877

34,724

70,375

51,099

80,491

39,622

77,517

-2,236

44,262

47,546

57,480

25,396

44,299

61,367

33,873

56,118

15,476

Cash flows from investing activities:
Capital expenditures for development of crude oil and natural gas properties

190,768

75,327

237,790

300,604

242,187

260,801

252,914

235,718

196,917

208,358

194,444

204,580

129,826

84,671

117,536

112,368

122,309

110,510

130,901

182,024

176,111

172,669

157,433

157,890

135,758

138,852

116,634

77,589

61,873

75,960

106,612

58,128

107,029

93,346

89,795

80,276

71,079

Capital expenditures for other properties and equipment

455

5,317

5,069

5,627

4,826

7,316

1,289

1,384

1,066

1,354

1,441

1,478

821

1,955

479

580

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of crude oil and natural gas properties, including settlement adjustments

139,812

762

8,299

4,146

0

-1,546

520

227

180,825

1,146

19,854

809

-6,181

973,723

100,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

2,938

0

299,285

10,000

187,266

-41,372

0

0

Proceeds from acquisition adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-7,579

-2,500

0

-11,969

0

-

-

-

-

Proceeds from sale of properties and equipment

793

577

374

1,052

102

1,119

661

1,762

20

6,669

2,029

556

737

0

42

4,813

90

86

76

219

24

152,870

138

680

769

932

5,690

173,259

38

1,504

4,700

2,694

184,646

13,000

78

110

9,952

Proceeds from Divestiture of Businesses

62

30

2,616

199,430

0

1,200

4,470

0

39,023

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

0

0

0

-1,249

0

0

9,250

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

0

0

0

49,890

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from investing activities

-330,180

-80,799

-248,168

-101,894

-246,911

-264,252

-249,592

-235,567

-338,516

-204,189

-213,710

-125,468

-173,619

-1,060,349

-217,973

-108,135

-122,669

-115,546

-130,825

-181,805

-176,087

-24,641

-157,295

-157,210

-134,989

-147,578

-110,944

95,670

-54,256

-57,397

-101,912

-360,247

67,617

-136,229

-180,421

-78,523

-61,228

Cash flows from financing activities:
Proceeds from revolving credit facility

917,000

277,000

410,000

458,000

432,000

443,500

396,000

198,000

35,000

0

0

0

0

0

0

0

85,000

72,000

53,000

107,000

165,000

127,000

119,750

7,750

9,250

7,750

24,750

132,250

95,500

90,750

108,000

338,500

144,750

122,000

229,267

65,927

0

Repayment of revolving credit facility

304,000

370,000

343,000

552,000

340,500

486,000

343,000

176,000

35,000

0

0

0

0

0

0

0

122,000

85,000

56,000

54,000

221,000

139,000

54,000

7,000

0

5,500

11,000

182,000

85,000

347,500

67,000

162,250

263,000

-

-

-

-

Proceeds from issuance of equity, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

2

558,497

-3

296,578

0

0

0

202,851

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,687

49,526

0

Payments of Debt Issuance Costs

4,666

19

17

36

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

636

0

-

-

-

-

Proceeds from (Repurchase of) Equity

-23,819

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury Stock, Value, Acquired, Cost Method

7,693

129

7,591

-5,177

1,460

447

9,194

-2,239

-2,255

11,997

-51

-3,257

-2,017

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-748

-369

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

236

120

-

-

-

-

Contribution by investing partner in PDCM

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,057

0

6,407

Early Repayment of Senior Debt

452,153

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Principal Payments

489

-

-

-

494

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

0

990

-969

-21

0

664

-340

-379

848

-306

-305

-340

-1,170

-142

1,099

-364

4,668

-410

-1,893

-1,213

2,726

-449

-1,476

-801

-

-894

-2,966

-469

-

-

-

-

2,651

450

-1,924

-328

Net cash from financing activities

124,180

-105,306

17,772

-190,881

89,525

-47,187

52,559

15,361

-2,634

71,274

-357

-3,562

-2,357

-18,675

1,143,533

-117,959

259,214

-15,361

-3,410

51,107

145,638

-12,755

65,301

-726

8,449

2,711

288,703

-52,716

10,031

9,401

41,383

339,152

-118,499

50,790

172,087

14,477

6,079

Net change in cash, cash equivalents, and restricted cash

60,281

-3,604

3,093

-7,639

-286

29

-56

-44,498

-136,001

44,246

-65,862

3,917

-36,476

-953,592

1,088,593

-129,446

237,695

-2,840

2,314

-66,118

51,428

-2,672

-21,619

-106,837

-46,049

-105,245

255,276

40,718

37

-450

-3,049

4,301

-6,583

-24,072

25,539

-7,928

-39,673

Cash payments (receipts) for:
Interest, net of capitalized interest

16,915

-

12,449

16,432

12,602

-

11,653

15,474

12,343

-

13,072

19,423

13,224

-

-489

19,389

599

22,175

639

22,259

569

21,876

1,209

22,565

1,159

22,436

621

24,591

1,196

10,900

12,950

2,943

14,975

2,735

12,366

2,014

12,314

Income taxes

-204

-

61

200

0

-

-7,100

200

193

-

-2,584

0

-39

-

0

167

0

113

0

1,848

8,088

0

0

0

1,800

-3,539

582

-59

2

15

362

2,568

-1,100

-4,669

3,023

63

85

Non-cash investing and financing activities:
Non-cash interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,377

-1,135

-1,112

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in accounts payable related to purchases of properties and equipment

70,026

-

-74,216

-23,174

39,694

-

19,110

21,241

51,093

-

171,865

-12,287

-69,604

-

60,496

-5,455

-23,544

23,299

-27,039

-5,654

-35,836

20,347

26,282

4,016

-10,978

9,020

33,003

-17,108

8,413

9,802

3,413

8,117

-21,044

9,286

-34,021

42,740

5,832

Change in asset retirement obligation, with a corresponding change to crude oil and natural gas properties, net of disposals

42,126

-35,004

14,632

-3,933

2,794

-20,061

472

894

5,354

-13,533

942

1,182

1,233

-5,246

294

439

404

-6,100

247

1,093

302

32,750

159

204

137

1,775

126

113

98

96

-63

13,896

-1,962

17,159

75

75

229

Purchase of properties and equipment under capital leases

-

-

-

-

-

-

-

-

-

-

1,203

970

1,190

-

157

439

635

122

529

478

472

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-