Pioneer energy services corp. (PES)
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'11
Cash flows from operating activities:
Net loss

-9,829

-26,016

-12,944

-15,115

-14,487

-5,233

-18,152

-11,139

-12,558

-17,227

-20,209

-25,124

-36,081

-34,620

-29,991

-27,699

-48,300

-17,540

-77,281

-12,019

-47,573

12,453

-319

-2,579

-2,515

-6,230

-25,895

-1,292

3,560

2,615

9,685

14,172

6,818

6,744

3,650

-6,035

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation, Depletion and Amortization

22,456

22,924

22,851

22,653

23,019

23,501

23,287

23,747

24,422

24,623

24,740

24,992

26,903

28,663

28,922

29,824

35,411

35,257

38,489

41,782

45,978

46,081

45,791

45,526

46,871

47,414

47,348

46,285

44,288

42,067

39,989

38,373

35,160

32,992

32,424

32,256

Allowance for doubtful accounts, net of recoveries

11

196

-348

62

582

111

-370

-52

151

491

-226

-363

458

-359

112

-55

-

-

394

319

1,037

12

560

-164

267

126

127

281

74

-368

464

-94

397

334

140

-84

Gain (Loss) on Disposition of Property Plant Equipment

2,329

-17

1,101

1,100

199

1,822

765

335

1,357

1,159

621

471

1,472

328

-508

600

1,705

-605

4,377

-1,133

270

-142

331

1,400

-

-

-

-

-

-

-

-

-

-

-

-

Gain on dispositions of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-856

1,400

321

-

226

271

733

477

63

232

-923

Stock-based compensation expense

757

819

327

867

1,048

1,039

1,097

1,259

1,124

890

1,008

1,327

946

933

888

1,177

1,354

1,035

835

405

1,856

1,934

1,971

1,856

1,679

1,628

1,552

1,512

1,778

1,871

1,670

2,000

1,391

1,831

1,771

1,712

Deferred Compensation Arrangement with Individual, Compensation Expense

-13

-150

-797

848

-2,761

-3,721

6,099

430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discount

812

794

778

763

747

731

715

707

153

465

465

465

465

467

420

424

444

420

414

413

476

689

635

869

786

775

772

762

761

749

743

732

645

613

1,302

742

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,739

0

-14,595

-7,887

0

0

0

0

-

-

-

-

-

-

-

-

Asset Impairment Charges

1,289

0

332

1,046

1,815

239

2,368

0

-

-

-

-

-

-

-

-

49,504

2,329

71,329

5,990

72,347

678

0

0

-

-

-

-

99

0

0

1,032

0

484

0

0

Deferred income taxes

11,831

205

-69

-1,156

-349

84

638

-911

5,464

334

-937

169

5,236

2,024

2,147

2,201

24,238

6,781

2,864

5,403

20,156

-9,157

2,398

1,364

972

4,436

15,430

1,287

-1,033

-1,049

-5,375

-5,846

-5,442

-5,499

20

2,823

Change in other noncurrent assets

3

-1,649

-777

-699

-24

-740

-264

463

336

-36

167

-466

-236

-324

-87

-15

18

580

-578

-440

5,289

-3,799

-255

-4,193

187

3,441

-545

2,658

1,901

2,708

-24

-720

-692

-704

-698

-734

Change in other noncurrent liabilities

-165

-1,670

-2,473

-20

309

9,274

-11,423

1,414

646

1,302

-2,431

868

-660

230

-1,555

492

377

1,097

-2,109

503

33

-101

-1,935

651

-622

34

-2,293

953

995

-619

-1,768

219

-1,447

-831

-2,822

4,477

Changes in current assets and liabilities:
Receivables

-9,188

-12,732

-2,630

17,488

-7,905

4,181

9,072

3,296

10,902

11,161

9,892

17,795

4,569

3,249

-10,970

-13,189

-958

-21,805

-51,607

-40,274

-17,435

5,965

18,305

5,158

-5,185

-826

17,927

4,252

-14,664

4,953

5,198

17,320

-2,233

22,235

7,497

19,303

Inventory

436

-212

2,571

1,293

-93

1,272

1,620

2,042

2,299

-53

240

1,911

1,485

-401

175

-629

266

-532

-570

-431

-26

860

-284

518

653

28

366

226

-66

-1,034

991

1,036

819

-293

1,030

605

Prepaid expenses and other current assets

839

-138

-70

178

1,469

-1,114

1,667

-882

850

-1,997

1,415

-1,012

2,416

-1,201

-791

-734

1,464

-1,849

231

-1,615

3,085

-3,107

2,780

-2,703

3,601

-3,183

-507

-3,640

3,022

-3,316

916

644

2,498

-1,523

182

808

Accounts payable

1,292

-8,351

8,358

2,339

-2,799

-4,331

5,807

51

1,049

3,919

6,663

778

4,394

2,675

-2,416

-2,684

-967

-3,327

-6,791

-19,429

-4,635

4,135

2,661

5,006

213

-732

7,066

-6,713

-2,338

3,490

-128

1,407

5,992

-4,072

5,614

1,797

Deferred revenues

-277

196

-238

-64

593

-792

727

-108

122

-226

428

-672

368

-1,567

-4,442

1,656

-9,535

-11,341

-7,807

30,605

71

-62

1,147

1,460

-208

-1,460

150

-1,663

1,000

-1,191

-662

767

-372

-452

1,071

50

Accrued expenses

-6,767

805

-859

-5,990

3,396

-10,909

15,371

-6,908

7,749

969

5,688

-5,223

5,032

-2,982

1,698

-5,274

-203

-7,485

-5,866

-22,178

10,790

-5,054

12,421

-17,733

18,666

-8,621

13,976

-17,864

8,966

-8,512

14,030

-15,789

15,517

-770

9,680

-3,989

Net cash provided by operating activities

3,384

4,592

14,836

-10,790

18,165

4,365

12,067

5,058

5,445

5,035

5,523

-21,820

-2,513

-5,952

3,969

9,627

3,654

17,294

56,890

64,881

78,111

59,443

54,252

41,235

64,505

39,398

53,520

17,157

70,054

37,614

62,046

29,652

68,674

22,594

44,567

9,044

Cash flows from investing activities:
Acquisition of other production services businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,502

3,000

0

2,000

Purchases of property and equipment

9,503

9,161

14,538

16,844

18,370

17,293

19,828

11,657

10,471

12,774

15,349

24,683

6,797

12,344

7,708

5,532

29,225

46,363

38,352

45,675

54,640

46,171

42,893

31,674

27,411

25,766

40,866

71,313

73,273

97,167

98,775

95,109

69,501

61,369

47,817

31,379

Proceeds from sale of property and equipment

2,955

1,339

2,396

1,043

1,199

2,440

942

1,283

2,162

2,659

600

7,148

4,834

1,931

335

477

19,871

3,265

28,262

6,276

1,173

659

1,022

5,516

6,938

839

4,492

1,567

660

476

600

1,357

3,289

261

1,214

786

Proceeds from sale of auction rate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-12,569

Proceeds from insurance recoveries

828

53

588

0

102

439

18

523

225

0

0

3,119

37

0

0

0

58

0

190

37

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-5,720

-7,769

-11,554

-15,801

-17,069

-14,414

-18,868

-9,851

-8,084

-10,115

-14,749

-14,416

-1,926

-10,413

-7,373

-5,055

-9,296

-43,098

-9,900

-39,362

-53,467

-30,422

-41,871

-26,158

-19,629

-24,927

-36,374

-69,746

-72,613

-96,691

-98,175

-93,752

-176,749

-64,108

-46,603

-20,024

Cash flows from financing activities:
Debt repayments

-

-

-

-

-

-

-

-

106,733

962

6,000

6,305

70,500

500

0

0

14,999

1

20,000

25,002

130,006

30,006

210,535

119,478

35,006

15,006

10,206

656

5

6

207

656

0

99,416

213

13,529

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

180,500

10,000

15,000

40,000

10,000

12,000

0

0

-

-

-

-

120,000

0

0

320,000

0

0

0

40,000

20,000

45,000

35,000

0

176,750

57,000

0

17,000

Debt issuance costs

-

-

-

0

-

-

-

33

-

-

-

0

0

10

789

20

878

994

0

5

66

2,986

49

6,138

0

0

13

0

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210,401

-

-

-

0

-

-

-

-

-

-

-

-

Tender premium costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,172

0

9,902

5,479

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

28

152

601

88

6,699

1,304

277

433

44

494

295

9

29

402

253

540

253

1,531

560

Purchase of treasury stock

0

0

5

120

0

0

453

96

0

0

170

363

0

0

81

43

0

18

352

359

3

0

699

433

3

0

353

275

3

0

64

293

291

100

142

210

Excess tax benefit of stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-174

237

459

Net cash used in financing activities

0

0

-5

-120

0

0

-408

-129

67,435

9,038

8,830

33,332

4,930

11,490

-687

-63

-15,877

-985

-20,200

-24,765

-16,159

-26,293

-9,480

-21,652

-34,576

-14,962

-10,078

39,364

20,001

44,988

35,108

-696

172,415

51,869

-1,773

4,280

Net decrease in cash, cash equivalents and restricted cash

-2,336

-3,177

3,277

-26,711

1,096

-10,049

-7,209

-4,922

64,796

3,958

-396

-2,904

491

-4,875

-4,091

4,509

-21,519

-26,789

26,790

754

8,485

2,728

2,901

-6,575

10,300

-491

7,068

-13,225

17,442

-14,089

-1,021

-64,796

64,340

10,355

-3,809

-6,700

Supplementary disclosure:
Interest paid

-

-

4,945

13,887

-

-

4,558

13,515

2,154

10,957

1,699

10,272

1,667

10,796

1,447

10,606

963

10,158

1,038

10,347

2,502

15,938

3,396

21,854

1,001

22,093

1,224

21,956

968

21,566

440

21,343

360

12,814

777

13,004

Income tax paid

861

947

1,143

1,013

817

950

1,131

658

584

217

369

261

18

134

240

279

32

328

1,667

664

1,537

1,344

1,255

876

646

881

1,307

320

643

-735

1,897

-1,074

360

183

183

226

Change in capital expenditure accruals

-950

-501

-5,297

1,531

2,142

1,124

-491

2,931

-3,226

-556

-972

2,924

1,767

-2,314

761

-39

-16,400

10,825

-7,992

-3,141

-2,903

-6,494

1,897

-5,243

-

-

-

-

-

-

-

-

-

-

-

-

Noncash investing and financing activity: