PARSLEY ENERGY, INC. PE Cash Flow

Parsley energy, inc. (PE)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
210,418	445,969	123,920	-88,917	-73,031	56,722	27,510	12,899
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion and amortization
794,740	584,857	352,247	233,766	178,281	94,297	28,152	6,406
Impairment expense
-	-	-	-	950	0	-	-
Inventory write down
-	-	-	-	4,147	0	-	-
Leasehold abandonments and impairments
99,225	160,834	32,872	6,063	-	-	-	-
Accretion of asset retirement obligations
1,465	1,422	971	732	826	512	181	66
Loss on early extinguishment of debt
0	0	-3,891	-36,335	0	5,107	-	-
Deferred tax asset valuation
-	-	-	-	-	0	-	-
Interest not paid in cash
-	-	-	-	-	-	2,597	1,845
Income tax (benefit) expense
-	-	-	-	-	-	1,906	-
Stock-based compensation
20,682	19,877	19,619	12,871	8,133	53,297	1,233	-
(Gain) loss on sale of oil and natural gas properties
-	-	-	-	-	-	36	7,819
Amortization and write off of deferred loan origination costs
-	-	-	-3,190	-2,702	-2,327	-1,225	853
Amortization of bond premium
-516	-516	-516	-874	-764	-574	-	-
Income from equity investment
-	-	-	-	-	-	-	267
Deferred income tax benefit
61,437	105,475	5,752	-17,582	-24,041	36,468	-	548
Change in TRA liability
0	437	-35,847	-7,351	0	-	-	-
Gain on sale of property
2,095	6,454	-14,332	-119	-34,374	-2,097	-	-
(Gain) loss on derivatives
-131,212	50,342	-66,135	-50,835	60,818	83,858	-9,800	-2,190
Net cash received (paid) for derivative settlements
10,022	-6,279	-16,172	-32,364	-43,767	-3,311	198	-179
Net cash received (paid) for option premiums
46,242	47,644	28,426	10,334	-40,656	-193	16,342	-9,318
Other
-9,028	-7,762	-6,111	-106	-7,310	-976	-	-
Net cash paid to margin account
-	-	-	-	-	-	-	35
Changes in operating assets and liabilities, net of acquisitions:
Restricted cash
-	-	-	-	1,139	0	-	-
Accounts receivable
64,570	12,956	95,239	35,774	-24,103	-45,372	77,086	18,040
Accounts receivable—related parties
89	-294	98	-100	-3,675	3,055	621	-1,207
Materials and supplies
-	-	-	-	-3,767	689	867	1,866
Other current assets
-3,690	689	-45,417	39,295	22,793	-2,229	-6,118	-212
Other noncurrent assets
-524	100	536	-748	588	535	184	-
Accounts payable and accrued expenses
49,466	-13,395	122,992	20,897	-7,001	-32,121	57,532	14,726
Revenue and severance taxes payable
27,291	17,348	40,465	32,343	-1,257	9,947	19,243	3,653
Other noncurrent liabilities
119	0	0	-	-375	375	-	-
Net cash provided by operating activities
1,286,279	1,218,974	690,750	230,342	172,290	190,090	53,235	5,025
CASH FLOWS FROM INVESTING ACTIVITIES:
Development of oil and natural gas properties
1,373,095	1,787,673	1,089,256	505,802	382,550	477,681	209,859	66,352
Acquisitions of oil and natural gas properties
52,020	136,972	2,192,093	1,346,190	73,807	762,244	208,381	31,954
Acquisition of Pacesetter Drilling, LLC
-	-	-	-	2,408	0	-	-
Additions to other property and equipment
22,915	93,457	54,896	33,374	19,755	7,924	8,121	328
Proceeds from sales of property, plant and equipment
41,326	233,647	30,500	0	51,355	172	750	9,295
Maturity of short-term investments
0	149,331	0	0	-	-	-	-
Purchases of short-term investments
0	0	149,283	0	0	-	-	-
Other
-5,905	-41,088	1,869	0	0	-	-	-
Investment in equity investment
-	-	-	-	-	-	-	200
Net cash used in investing activities
-1,400,799	-1,594,036	-3,456,860	-1,885,366	-427,165	-1,247,677	-425,611	-89,539
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under long-term debt
617,000	0	1,152,780	1,057,500	105,000	946,140	561,218	128,298
Payments on long-term debt
617,000	2,888	74,769	521,944	225,794	705,873	254,100	37,012
Payments on financing lease obligations
2,746	0	0	-	-	-	-	-
Debt issuance costs
0	47	17,371	18,097	1,138	12,547	2,294	871
Proceeds from issuance of common stock, net
0	0	2,123,344	930,315	669,418	867,750	-	-
Repurchase of common stock
5,679	11,014	354	213	71	0	-	-
Dividends and distributions paid
18,929	0	0	-	-	-	-	-
Payment of Preferred Return
-	-	-	-	-	6,726	-	-
Proceeds from issuance of LLC interests
-	-	-	-	-	-	73,540	-
Equity issue costs
-	-	-	-	-	-	268	235
Payments of Capital Distribution
603	1,962	0	0	-	-	-	15,935
Vesting of restricted stock units
-	-	-	91	6	0	-	-
Net cash used in financing activities
-27,957	-15,911	3,183,630	1,447,470	547,409	1,088,744	378,096	74,245
Net increase (decrease) in cash, cash equivalents and restricted cash
-142,477	-390,973	417,520	-207,554	292,534	31,157	5,720	-10,269
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest
129,387	127,668	63,170	65,513	43,993	27,252	13,555	4,661
Cash received (paid) for income taxes
-302	0	350	315	0	0	-	6
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Asset retirement obligations incurred, including changes in estimate
-4,087	2,111	15,428	-6,646	3,441	7,498	6,238	1,040
Additions to oil and natural gas properties - change in capital accruals
-176	-25,455	118,145	-9,831	18,300	13,658	58,540	5,593
Additions to other property and equipment funded by capital lease borrowings
-	-	-	2,758	939	2,263	-	-
Net premiums on options that settled during the period
-43,278	-71,566	-37,103	31,757	11,406	-2,308	-6,928	-
Common stock issued for oil and natural gas properties
0	0	1,183,501	0	0	-	-	-
Gain (Loss) on Contract Termination
-13,250	0	0	-	-	-	-	-
Gain (Loss) on Sale of Properties
2,095	6,454	-14,332	-	-	-	-	-