Panhandle oil & gas inc, (PHX)
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'11Dec'10
Operating Activities
Net income (loss)

-19,973

1,892

-56,153

4,604

-1,931

12,735

555

-775

1,070

13,784

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

3,470

-2,238

-

-786

-7,438

-2,799

-887

-728

704

10,233

9,297

5,122

5,654

4,926

5,719

5,070

1,022

2,148

182

3,100

675

3,412

2,644

2,650

1,772

1,426

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization

3,373

2,955

6,375

4,383

3,623

3,813

4,258

4,619

4,241

5,275

4,743

4,714

4,105

4,834

5,524

5,959

6,045

6,957

6,141

5,729

5,811

6,139

6,334

5,314

4,939

5,308

4,855

5,192

6,258

5,639

5,380

4,597

4,940

4,142

3,929

3,716

3,631

3,434

Impairment of producing properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

0

8,115

3,733

1,476

132

1,208

2,191

665

0

227

202

304

7

63

154

39

205

217

363

-

-

-

-

Provision for deferred income taxes

-5,322

658

-17,262

1,208

-372

4,314

-16

-176

-33

-12,738

226

225

1,031

-1,107

384

-2,939

-3,658

-3,747

-182

156

1,514

1,184

646

4,511

1,127

326

2,116

1,694

619

338

540

902

127

231

530

881

128

339

Exploration costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exploration costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

3

25

-

6

24

38

-51

25

15

19

595

29

41

313

30

418

290

287

Gain from leasing fee mineral acreage

21

523

594

228

208

514

440

483

499

96

1,148

828

2,333

837

544

4,280

481

2,425

34

1,692

251

29

69

137

19

196

398

23

140

373

216

5,006

167

1,754

-

-

-

-

Acquisition of minerals and overrides

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

56

0

453

0

330

-

-

58

1,384

-

-

-

-

Proceeds from leasing fee mineral acreage

21

537

598

229

209

528

461

492

511

98

1,168

835

2,343

847

554

4,300

499

2,693

35

1,731

257

29

95

143

20

216

466

29

142

384

223

5,063

175

1,802

133

100

33

122

Net (gain) loss on sales of assets

-7

3,272

5,615

4,017

0

9,096

0

-194

-193

-272

-

-

-

-

2,417

0

0

271

-

-

-

-

-

-

-

-

-

-

-

-

2

0

2

116

-225

83

28

111

Amortization of partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

88

199

328

130

211

224

263

164

151

154

131

115

113

126

240

69

32

78

Distributions received from partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

139

256

394

187

267

279

314

213

195

194

1,037

-145

-140

-150

832

-103

-65

-110

Directors' deferred compensation expense

53

86

74

65

51

80

68

62

62

108

92

89

70

105

81

79

82

85

-

-

-

-

-

-

-

-

-

-

-

-

102

97

96

119

113

94

94

141

Fair value of derivative contracts

3,442

-1,719

-217

1,894

-1,974

6,206

-110

-1,333

-1,635

-851

-935

1,495

2,900

-2,516

1,262

-2,021

-305

-3,574

-1,191

-5,088

-1,842

10,431

3,908

-713

-825

-891

-389

2,074

-2,024

936

-341

-140

629

-536

-55

149

99

-1,597

Directors' deferred compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

67

101

-

80

75

114

-

87

87

114

-

-

-

-

-

-

-

-

Restricted stock awards

343

148

165

159

286

159

153

153

153

194

143

137

137

180

136

136

136

371

155

208

366

165

159

237

134

127

142

142

142

257

91

91

91

57

46

46

46

12

Other

1

-8

-3

-6

-2

-7

-1

-6

-1

3

8

-3

1

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense (recovery)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided (used) by changes in assets and liabilities:
Oil, NGL and natural gas sales receivables

-408

-56

-1,126

-881

-793

77

612

14

-880

-229

1,733

701

-376

239

883

172

-1,309

-2,335

-1,379

-183

-3,916

-2,672

1,156

-2,035

2,427

956

1,485

1,714

2,286

-115

2,184

-784

-1,523

-338

401

312

1,172

-2,138

Other current assets

-175

407

-

-

-88

261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refundable production taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-454

-20

-1

-

-13

-13

-13

-294

-17

-210

-53

-41

-15

-24

-212

-6

-6

-6

-65

83

98

101

-159

Other current assets

-

-

-

-

-

-

-

-164

28

59

-

-115

64

-145

-239

-149

-579

659

-94

-131

72

-99

199

-30

19

35

5

-40

9

-47

121

-61

7

40

17

-72

-21

-240

Accounts payable

191

-73

101

81

-75

-2

-15

-52

13

-86

23

75

-112

-90

-113

-188

-25

-484

-491

190

-607

565

-190

397

-368

414

346

-474

788

-361

211

273

195

-95

35

-288

242

83

Income taxes receivable

1,484

412

995

-61

-216

754

-176

-582

326

-24

-82

-304

778

14

83

-1,121

1,121

-345

-

-

-

-

-

-

-

-

0

-443

437

-319

325

0

0

-354

-

-

-

-

Other non-current assets

-48

-1

-0

10

11

-28

9

-13

-13

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-0

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,073

-1,041

14

-2,388

2,891

467

-865

-974

1,088

-

-

-

-

-

407

19

264

0

0

-197

-725

Accrued liabilities

86

-1,275

553

428

402

-744

230

176

270

-577

-67

236

223

-419

506

275

115

-509

313

131

288

-692

178

343

229

-472

84

226

269

-577

72

205

160

-469

77

247

271

-477

Total adjustments

23,983

206

62,826

667

6,982

-8,726

4,730

7,073

7,091

-6,586

5,397

3,711

2,194

5,922

1,348

7,579

10,854

13,143

11,164

10,422

11,764

4,951

7,363

9,582

4,192

6,960

7,489

3,688

7,254

5,009

4,201

2,825

6,640

4,333

5,947

4,459

3,229

7,152

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

5,664

3,683

-

6,792

3,416

10,344

10,277

9,693

12,468

15,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

4,009

2,098

6,672

5,271

5,051

4,009

5,285

6,297

8,161

7,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,847

11,886

-

8,758

8,276

7,158

4,383

5,925

7,316

7,745

8,592

7,110

5,001

8,579

Investing Activities
Capital expenditures

34

105

176

-810

2,713

1,445

3,847

1,198

1,559

4,984

7,796

10,290

5,546

2,174

626

804

1,268

1,286

7,187

3,815

4,896

14,901

11,918

9,086

7,714

9,892

6,189

7,856

5,855

6,864

9,120

3,951

5,730

6,344

5,680

5,993

4,495

6,570

Acquisition of minerals and overrides

81

10,172

542

3,310

1,386

423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,505

85,209

0

1,550

-

-

-

-

0

0

0

17,399

-

-

-

-

Investments in partnerships

-

-

-

-

-

-

-0

-4

2

5

-5

-1

0

-17

0

1

3

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

35

173

-

46

58

143

116

188

175

243

160

115

143

63

76

16

4

-50

Proceeds from sales of assets

0

3,376

6,400

4,018

0

9,096

0

-44

571

557

-

-

-

-

3,874

0

0

627

-

-

-

-

-

-

-

-

-

-

-

-

2

0

2

128

0

0

0

0

Net cash provided (used) by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-4,827

-2,192

-

-803

-1,264

-613

-9,426

-2,188

-4,982

-15,044

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by investing activities

-115

-6,901

5,681

1,515

-4,100

7,227

-14,208

-2,213

-985

-4,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,659

-11,425

-

-8,469

-5,017

-7,053

-9,090

-259

-5,679

-23,259

-10,129

-6,209

-4,466

-6,396

Financing Activities
Borrowings under debt agreement

-

4,774

-

-

-

3,832

15,487

2,933

2,323

8,272

11,106

9,663

2,602

4,436

3,778

2,481

3,120

2,958

2,819

4,118

6,558

12,335

4,734

86,799

6,032

2,280

2,216

5,172

9

4,171

10,089

927

6,732

25,726

-

-

-

-

Payments of loan principal

3,787

5,199

7,664

8,967

2,253

13,332

4,887

6,033

9,223

10,094

8,884

3,663

2,702

4,836

8,478

7,781

5,620

10,958

3,319

10,542

13,350

11,620

12,587

6,946

6,032

4,542

7,518

5,107

964

4,591

3,214

6,736

7,445

11,203

-

-

-

-

Purchases of treasury stock

0

7

988

2,497

2,827

1,140

947

0

0

272

194

0

0

407

0

0

0

117

0

121

0

120

0

0

0

122

0

707

390

116

-

-

-

-

0

586

688

576

Payments of dividends

663

655

660

664

674

673

675

675

675

671

671

671

670

670

669

669

669

668

667

668

666

666

665

665

665

664

580

582

583

580

580

580

580

579

579

579

581

581

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

1

-45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

16

0

0

0

15

-

-

-

-

-

-

-

-

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-770

-1,477

-

-5,969

-3,168

-8,830

-1,171

-7,167

-7,418

-130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by financing activities

-3,663

-1,088

-7,724

-5,762

-901

-11,314

8,977

-3,775

-7,575

-2,766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-665

-3,032

-

-1,224

-1,928

-1,102

6,210

-6,306

-2,452

13,942

-579

-1,166

-1,269

-1,158

Increase (decrease) in cash and cash equivalents

230

-5,891

4,630

1,025

49

-76

55

308

-399

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

66

13

-

19

-1,017

899

-321

338

67

9

-1,001

-305

1,521

-2,572

1,485

-935

1,330

-997

1,504

-640

-816

-1,571

-2,116

-264

-734

1,024

Supplemental Schedule of Noncash Investing and Financing Activities:
Dividends declared and unpaid

-

663

-

-

-

673

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to asset retirement obligations

0

0

0

0

22

5

1

1

1

12

564

28

31

0

5

0

2

4

18

19

6

26

-145

285

31

53

41

40

36

42

-

-

-

-

-

-

-

-

Gross additions to properties and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,045

-972

3,455

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

19

16

-

-33

9

3

Gross additions to properties and equipment

64

10,164

1,099

2,495

3,759

1,894

13,560

2,594

1,269

4,287

5,827

8,711

7,496

3,370

-

-

-

-

3,496

4,478

4,738

13,469

11,102

91,891

7,446

9,843

7,600

8,350

8,092

5,218

82,146

-6,386

-6,075

-23,483

45,128

-8,113

-4,612

-5,092

Net (increase) decrease in accounts payable for properties and equipment additions

51

113

-380

5

341

-25

647

-429

290

697

1,968

1,578

-1,950

-1,196

-962

-240

2,240

-2,169

3,690

-663

466

1,432

-2,689

2,404

267

1,655

-1,411

-40

-2,236

1,976

-804

1,253

285

-1,644

-223

1,820

117

-1,478

Capital expenditures and acquisitions

115

10,277

718

2,500

4,100

1,868

14,208

2,164

1,559

4,984

7,796

10,290

5,546

2,174

626

804

1,268

1,286

7,187

3,815

5,204

14,901

8,413

94,296

7,714

11,498

6,189

8,310

5,855

7,194

9,240

5,133

5,789

25,127

10,186

6,292

4,495

6,570

Capital expenditures, including dry hole costs

34

105

176

-810

2,713

1,445

3,847

1,198

1,559

4,984

7,796

10,290

5,546

2,174

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