Pioneer energy services corp. (PES)
CashFlow / TTM
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

-63,904

-68,562

-47,779

-52,987

-49,011

-47,082

-59,076

-61,133

-75,118

-98,641

-116,034

-125,816

-128,391

-140,610

-123,530

-170,820

-155,140

-154,413

-124,420

-47,458

-38,018

7,040

-11,643

-37,219

-35,932

-29,857

-21,012

14,568

30,032

33,290

37,419

31,384

11,177

0

0

0

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

90,884

91,447

92,024

92,460

93,554

94,957

96,079

97,532

98,777

101,258

105,298

109,480

114,312

122,820

129,414

138,981

150,939

161,506

172,330

179,632

183,376

184,269

185,602

187,159

187,918

185,335

179,988

172,629

164,717

155,589

146,514

138,949

132,832

0

0

0

Allowance for doubtful accounts, net of recoveries

-79

492

407

385

271

-160

220

364

53

360

-490

-152

156

0

0

0

-

-

1,762

1,928

1,445

675

789

356

801

608

114

451

76

399

1,101

777

787

0

0

0

Gain (Loss) on Disposition of Property Plant Equipment

4,513

2,383

4,222

3,886

3,121

4,279

3,616

3,472

3,608

3,723

2,892

1,763

1,892

2,125

1,192

6,077

4,344

2,909

3,372

-674

1,859

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on dispositions of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,707

1,544

1,505

-151

0

0

0

Stock-based compensation expense

2,770

3,061

3,281

4,051

4,443

4,519

4,370

4,281

4,349

4,171

4,214

4,094

3,944

4,352

4,454

4,401

3,629

4,131

5,030

6,166

7,617

7,440

7,134

6,715

6,371

6,470

6,713

6,831

7,319

6,932

6,892

6,993

6,705

0

0

0

Deferred Compensation Arrangement with Individual, Compensation Expense

-112

-2,860

-6,431

465

47

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discount

3,147

3,082

3,019

2,956

2,900

2,306

2,040

1,790

1,548

1,860

1,862

1,817

1,776

1,755

1,708

1,702

1,691

1,723

1,992

2,213

2,669

2,979

3,065

3,202

3,095

3,070

3,044

3,015

2,985

2,869

2,733

3,292

3,302

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31,221

-22,482

-22,482

-7,887

0

0

0

0

-

-

-

-

-

-

-

-

Asset Impairment Charges

2,667

3,193

3,432

5,468

4,422

0

0

0

-

-

-

-

-

-

-

-

129,152

151,995

150,344

79,015

73,025

0

0

0

-

-

-

-

1,131

1,032

1,516

1,516

484

0

0

0

Deferred income taxes

10,811

-1,369

-1,490

-783

-538

5,275

5,525

3,950

5,030

4,802

6,492

9,576

11,608

30,610

35,367

36,084

39,286

35,204

19,266

18,800

14,761

-4,423

9,170

22,202

22,125

20,120

14,635

-6,170

-13,303

-17,712

-22,162

-16,767

-8,098

0

0

0

Change in other noncurrent assets

-3,122

-3,149

-2,240

-1,727

-565

-205

499

930

1

-571

-859

-1,113

-662

-408

496

5

-420

4,851

472

795

-2,958

-8,060

-820

-1,110

5,741

7,455

6,722

7,243

3,865

1,272

-2,140

-2,814

-2,828

0

0

0

Change in other noncurrent liabilities

-4,328

-3,854

7,090

-1,860

-426

-89

-8,061

931

385

-921

-1,993

-1,117

-1,493

-456

411

-143

-132

-476

-1,674

-1,500

-1,352

-2,007

-1,872

-2,230

-1,928

-311

-964

-439

-1,173

-3,615

-3,827

-4,881

-623

0

0

0

Changes in current assets and liabilities:
Receivables

-7,062

-5,779

11,134

22,836

8,644

27,451

34,431

35,251

49,750

43,417

35,505

14,643

-16,341

-21,868

-46,922

-87,559

-114,644

-131,121

-103,351

-33,439

11,993

24,243

17,452

17,074

16,168

6,689

12,468

-261

12,807

25,238

42,520

44,819

46,802

0

0

0

Inventory

4,088

3,559

5,043

4,092

4,841

7,233

5,908

4,528

4,397

3,583

3,235

3,170

630

-589

-720

-1,465

-1,267

-1,559

-167

119

1,068

1,747

915

1,565

1,273

554

-508

117

927

1,812

2,553

2,592

2,161

0

0

0

Prepaid expenses and other current assets

809

1,439

463

2,200

1,140

521

-362

-614

-744

822

1,618

-588

-310

-1,262

-1,910

-888

-1,769

-148

-1,406

1,143

55

571

495

-2,792

-3,729

-4,308

-4,441

-3,018

1,266

742

2,535

1,801

1,965

0

0

0

Accounts payable

3,638

-453

3,567

1,016

-1,272

2,576

10,826

11,682

12,409

15,754

14,510

5,431

1,969

-3,392

-9,394

-13,769

-30,514

-34,182

-26,720

-17,268

7,167

12,015

7,148

11,553

-166

-2,717

1,505

-5,689

2,431

10,761

3,199

8,941

9,331

0

0

0

Deferred revenues

-383

487

-501

464

420

-51

515

216

-348

-102

-1,443

-6,313

-3,985

-13,888

-23,662

-27,027

1,922

11,528

22,807

31,761

2,616

2,337

939

-58

-3,181

-1,973

-1,704

-2,516

-86

-1,458

-719

1,014

297

0

0

0

Accrued expenses

-12,811

-2,648

-14,362

1,868

950

5,303

17,181

7,498

9,183

6,466

2,515

-1,475

-1,526

-6,761

-11,264

-18,828

-35,732

-24,739

-22,308

-4,021

424

8,300

4,733

6,288

6,157

-3,543

-3,434

-3,380

-1,305

5,246

12,988

8,638

20,438

0

0

0

Net cash provided by operating activities

12,022

26,803

26,576

23,807

39,655

26,935

27,605

21,061

-5,817

-13,775

-24,762

-26,316

5,131

11,298

34,544

87,465

142,719

217,176

259,325

256,687

233,041

219,435

199,390

198,658

174,580

180,129

178,345

186,871

199,366

197,986

182,966

165,487

144,879

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,502

0

0

0

Purchases of property and equipment

50,046

58,913

67,045

72,335

67,148

59,249

54,730

50,251

63,277

59,603

59,173

51,532

32,381

54,809

88,828

119,472

159,615

185,030

184,838

189,379

175,378

148,149

127,744

125,717

165,356

211,218

282,619

340,528

364,324

360,552

324,754

273,796

210,066

0

0

0

Proceeds from sale of property and equipment

7,733

5,977

7,078

5,624

5,864

6,827

7,046

6,704

12,569

15,241

14,513

14,248

7,577

22,614

23,948

51,875

57,674

38,976

36,370

9,130

8,370

14,135

14,315

17,785

13,836

7,558

7,195

3,303

3,093

5,722

5,507

6,121

5,550

0

0

0

Proceeds from sale of auction rate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,569

0

0

0

Proceeds from insurance recoveries

1,469

743

1,129

559

1,082

1,205

766

748

3,344

3,156

3,156

3,156

37

58

58

248

285

227

227

37

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-40,844

-52,193

-58,838

-66,152

-60,202

-51,217

-46,918

-42,799

-47,364

-41,206

-41,504

-34,128

-24,767

-32,137

-64,822

-67,349

-101,656

-145,827

-133,151

-165,122

-151,918

-118,080

-112,585

-107,088

-150,676

-203,660

-275,424

-337,225

-361,231

-465,367

-432,784

-381,212

-307,484

0

0

0

Cash flows from financing activities:
Debt repayments

-

-

-

-

-

-

-

-

120,000

83,767

83,305

77,305

71,000

15,499

15,000

35,000

60,002

175,009

205,014

395,549

490,025

395,025

380,025

179,696

60,874

25,873

10,873

874

874

869

100,279

100,285

113,158

0

0

0

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

245,500

75,000

77,000

62,000

22,000

0

0

0

-

-

-

-

440,000

320,000

320,000

320,000

40,000

60,000

105,000

140,000

100,000

256,750

268,750

233,750

250,750

0

0

0

Debt issuance costs

-

-

-

0

-

-

-

0

-

-

-

799

819

1,697

2,681

1,892

1,877

1,065

3,057

3,106

9,239

9,173

6,187

6,151

13

0

0

0

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Tender premium costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,553

15,381

15,381

5,479

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

781

869

7,540

8,692

8,368

8,713

2,058

1,248

1,266

842

827

735

693

1,224

1,448

2,577

2,884

0

0

0

Purchase of treasury stock

125

125

125

573

549

549

549

266

533

533

533

444

124

124

142

413

729

732

714

1,061

1,135

1,135

1,135

789

631

631

631

342

360

648

748

826

743

0

0

0

Excess tax benefit of stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash used in financing activities

-125

-125

-125

-528

-537

66,898

75,936

85,174

118,635

56,130

58,582

49,065

15,670

-5,137

-17,612

-37,125

-61,827

-62,109

-87,417

-76,697

-73,584

-92,001

-80,670

-81,268

-20,252

34,325

94,275

139,461

99,401

251,815

258,696

221,815

226,791

0

0

0

Net decrease in cash, cash equivalents and restricted cash

-28,947

-25,515

-32,387

-42,873

-21,084

42,616

56,623

63,436

65,454

1,149

-7,684

-11,379

-3,966

-25,976

-47,890

-17,009

-20,764

9,240

38,757

14,868

7,539

9,354

6,135

10,302

3,652

10,794

-2,804

-10,893

-62,464

-15,566

8,878

6,090

64,186

0

0

0

Supplementary disclosure:
Interest paid

-

-

0

36,996

-

-

31,184

28,325

25,082

24,595

24,434

24,182

24,516

23,812

23,174

22,765

22,506

24,045

29,825

32,183

43,690

42,189

48,344

46,172

46,274

46,241

45,714

44,930

44,317

43,709

34,957

35,294

26,955

0

0

0

Income tax paid

3,964

3,920

3,923

3,911

3,556

3,323

2,590

1,828

1,431

865

782

653

671

685

879

2,306

2,691

4,196

5,212

4,800

5,012

4,121

3,658

3,710

3,154

3,151

1,535

2,125

731

448

1,366

-348

952

0

0

0

Change in capital expenditure accruals

-5,217

-2,125

-500

4,306

5,706

338

-1,342

-1,823

-1,830

3,163

1,405

3,138

175

-17,992

-4,853

-13,606

-16,708

-3,211

-20,530

-10,641

-12,743

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Noncash investing and financing activity: