PANHANDLE OIL & GAS INC, PHX Cash Flow

Panhandle oil & gas inc, (PHX)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Operating Activities
Net income (loss)
-69,630	-51,588	-40,744	15,964	10,585	13,586	14,635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	0	-9,726	-	-11,911	-11,853	-3,711	9,321	19,507	25,358	30,308	25,001	21,422	21,370	16,738	13,960	8,423	6,453	6,107	7,370	9,832	9,382	10,479	8,493	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization
17,088	17,338	18,196	16,079	16,315	16,932	18,395	18,879	18,974	18,839	18,397	19,178	20,423	22,364	24,487	25,104	24,874	24,639	23,821	24,014	23,599	22,727	21,896	20,418	20,295	21,614	21,945	22,470	21,875	20,557	19,061	17,610	16,729	15,419	14,712	0	0	0
Impairment of producing properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,001	13,325	13,457	6,550	5,009	4,198	4,066	3,085	1,096	734	742	578	530	265	464	617	826	0	0	0	-	-	-	-
Provision for deferred income taxes
-20,718	-15,768	-12,112	5,134	3,750	4,089	-12,963	-12,721	-12,320	-11,256	375	533	-2,631	-7,320	-9,960	-10,526	-7,431	-2,259	2,672	3,500	7,855	7,468	6,610	8,080	5,263	4,755	4,767	3,191	2,400	1,909	1,802	1,791	1,769	1,770	1,878	0	0	0
Exploration costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exploration costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	19	37	28	9	656	659	686	979	414	803	1,051	1,025	0	0	0
Gain from leasing fee mineral acreage
1,368	1,555	1,546	1,392	1,647	1,937	1,520	2,228	2,572	4,407	5,147	4,544	7,997	6,144	7,732	7,221	4,633	4,403	2,007	2,043	488	255	422	751	638	759	936	754	5,737	5,764	7,146	0	0	0	-	-	-	-
Acquisition of minerals and overrides
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	56	510	510	783	0	0	0	-	-	0	0	-	-	-	-
Proceeds from leasing fee mineral acreage
1,387	1,575	1,565	1,428	1,691	1,993	1,564	2,270	2,613	4,445	5,194	4,581	8,046	6,203	8,049	7,529	4,960	4,717	2,053	2,114	526	290	477	847	733	855	1,023	780	5,814	5,847	7,265	7,175	2,212	2,070	389	0	0	0
Net (gain) loss on sales of assets
12,898	12,906	18,730	13,114	8,902	8,708	-660	0	0	0	-	-	-	-	2,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	122	-105	-22	3	-2	0	0	0
Amortization of partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	701	746	869	893	828	862	803	733	601	552	514	487	596	550	469	420	0	0	0
Distributions received from partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	929	978	1,105	1,129	1,049	1,074	1,002	917	1,641	1,282	945	601	395	438	513	553	0	0	0
Directors' deferred compensation expense
280	278	272	265	263	273	301	326	353	361	358	347	337	349	329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	417	427	424	422	443	0	0	0
Fair value of derivative contracts
3,399	-2,017	5,908	6,014	2,787	3,127	-3,930	-4,754	-1,926	2,609	944	3,141	-374	-3,580	-4,639	-7,092	-10,159	-11,696	2,308	7,408	11,782	12,799	1,476	-2,821	-32	-1,231	597	645	-1,569	1,084	-388	-101	187	-342	-1,404	0	0	0
Directors' deferred compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Restricted stock awards
817	760	771	760	753	620	655	644	628	611	597	591	591	590	781	799	871	1,101	895	899	928	696	659	641	546	554	683	633	582	531	330	286	242	198	152	0	0	0
Other
-16	-20	-19	-17	-16	-16	-6	3	6	9	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense (recovery)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided (used) by changes in assets and liabilities:
Oil, NGL and natural gas sales receivables
-2,472	-2,857	-2,723	-985	-89	-176	-483	637	1,324	1,828	2,298	1,447	919	-14	-2,589	-4,851	-5,207	-7,814	-8,151	-5,614	-7,466	-1,122	2,506	2,835	6,585	6,443	5,370	6,069	3,570	-239	-461	-2,244	-1,146	1,548	-251	0	0	0
Other current assets
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refundable production taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-137	-	-334	-339	-535	-576	-323	-321	-135	-294	-259	-251	-232	-85	4	110	218	124	0	0	0
Other current assets
-	-	-	-	-	-	-	0	0	39	-	-436	-470	-1,113	-308	-163	-146	505	-252	41	142	89	224	30	20	9	-73	42	22	19	108	3	-7	-35	-317	0	0	0
Accounts payable
300	34	105	-12	-145	-57	-140	-101	26	-99	-103	-240	-504	-417	-811	-1,190	-811	-1,393	-343	-42	165	404	252	789	-82	1,074	298	163	911	319	585	409	-152	-106	72	0	0	0
Income taxes receivable
2,830	1,130	1,472	300	-221	321	-456	-362	-84	367	406	571	-245	98	-262	0	0	0	-	-	-	-	-	-	-	-	-325	0	443	5	-28	0	0	0	-	-	-	-
Other non-current assets
-39	20	-7	2	-21	-46	62	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	0	-	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,341	-523	985	105	1,519	-284	0	0	0	-	-	-	-	-	690	283	67	-922	0	0	0
Accrued liabilities
-207	108	639	317	64	-66	100	-197	-137	-185	-27	546	586	477	388	194	50	223	40	-93	118	58	279	184	68	108	4	-8	-30	-139	-32	-26	16	127	119	0	0	0
Total adjustments
87,683	70,683	61,750	3,654	10,059	10,168	12,308	12,975	9,614	4,717	17,226	13,177	17,044	25,704	32,926	42,742	45,585	46,494	38,303	34,502	33,661	26,089	28,098	28,224	22,330	25,392	23,442	20,153	19,290	18,676	18,000	19,746	21,381	17,970	20,790	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	0	15,978	-	30,830	33,731	42,783	47,624	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
18,052	19,094	21,005	19,618	20,644	23,755	26,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	28,577	25,744	24,783	25,371	29,579	30,764	28,449	29,283	0	0	0
Investing Activities
Capital expenditures
-493	2,185	3,526	7,196	9,205	8,051	11,590	15,539	24,631	28,618	25,807	18,638	9,152	4,874	3,986	10,546	13,557	17,185	30,800	35,532	40,803	43,622	38,612	32,883	31,652	29,793	26,765	29,697	25,792	25,667	25,147	21,707	23,748	22,513	22,739	0	0	0
Acquisition of minerals and overrides
14,107	15,412	5,662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,253	0	0	0	-	-	-	-	17,399	0	0	0	-	-	-	-
Investments in partnerships
-	-	-	-	-	-	3	-1	1	-0	-23	-18	-15	-12	50	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	364	507	624	724	767	694	662	481	397	299	160	46	0	0	0
Proceeds from sales of assets
13,794	13,794	19,515	13,114	9,052	9,624	1,085	0	0	0	-	-	-	-	4,501	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	134	131	131	128	0	0	0	0
Net cash provided (used) by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	0	-1,012	-	-12,108	-13,493	-17,211	-31,642	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by investing activities
180	-3,804	10,325	-9,564	-13,294	-10,179	-21,829	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-29,630	-21,420	-22,082	-38,288	-39,327	-45,277	-44,063	-27,200	0	0	0
Financing Activities
Borrowings under debt agreement
-	17,584	-	-	-	24,577	29,017	24,636	31,366	31,645	27,809	20,481	13,298	13,816	12,339	11,380	13,017	16,455	25,833	27,747	110,428	109,901	99,846	97,328	15,700	9,678	11,569	19,443	15,198	21,920	43,475	0	0	0	-	-	-	-
Payments of loan principal
25,617	24,084	32,217	29,441	26,507	33,477	30,239	34,236	31,867	25,345	20,087	19,681	23,798	26,716	32,839	27,680	30,441	38,170	38,833	48,100	44,504	37,186	30,108	25,040	23,200	18,133	18,182	13,878	15,507	21,988	28,600	0	0	0	-	-	-	-
Purchases of treasury stock
3,493	6,321	7,454	7,412	4,914	2,087	1,219	466	466	466	601	407	407	407	117	117	238	238	242	242	120	120	122	122	829	1,220	1,214	0	0	0	-	-	-	-	1,851	0	0	0
Payments of dividends
2,645	2,655	2,673	2,688	2,699	2,700	2,698	2,695	2,690	2,685	2,684	2,681	2,679	2,679	2,677	2,675	2,674	2,671	2,669	2,667	2,664	2,663	2,661	2,576	2,493	2,410	2,326	2,326	2,324	2,322	2,321	2,319	2,319	2,320	2,322	0	0	0
Excess tax benefit on stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit on stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	16	16	15	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit on stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	0	-15,984	-	-19,140	-20,338	-24,588	-15,888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by financing activities
-18,239	-15,476	-25,702	-9,000	-7,014	-13,688	-5,140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,955	-3,126	-3,650	11,394	4,604	9,744	10,927	-4,173	0	0	0
Increase (decrease) in cash and cash equivalents
-6	-187	5,628	1,053	336	-112	-25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	0	-1,018	-	-418	-100	984	94	-585	-1,229	224	-2,357	129	-500	-691	883	902	1,197	-949	-1,522	-5,143	-4,768	-4,686	-2,090	0	0	0
Supplemental Schedule of Noncash Investing and Financing Activities:
Dividends declared and unpaid
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to asset retirement obligations
0	22	27	29	30	10	17	580	606	636	624	66	39	10	14	26	44	48	70	-93	173	198	225	412	167	172	161	0	0	0	-	-	-	-	-	-	-	-
Gross additions to properties and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to asset retirement obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Gross additions to properties and equipment
13,823	17,518	9,248	21,709	21,809	19,318	21,711	13,978	20,095	26,323	25,406	0	0	0	-	-	-	-	26,183	33,789	121,202	123,910	120,284	116,782	33,240	33,886	29,261	103,807	89,070	74,903	46,201	9,182	7,455	8,919	27,310	0	0	0
Net (increase) decrease in accounts payable for properties and equipment additions
-210	79	-59	968	533	482	1,206	2,527	4,535	2,294	401	-2,530	-4,349	-159	-1,132	3,521	3,098	1,324	4,925	-1,454	1,613	1,415	1,638	2,916	472	-2,032	-1,711	-1,104	188	2,710	-909	-329	237	69	235	0	0	0
Capital expenditures and acquisitions
13,613	17,597	9,188	22,678	22,342	19,801	22,917	16,505	24,631	28,618	25,807	18,638	9,152	4,874	3,986	10,546	13,557	17,493	31,108	32,334	122,815	125,325	121,922	119,698	33,713	31,853	27,549	30,600	27,423	27,357	45,291	46,237	47,397	46,102	27,545	0	0	0
Capital expenditures, including dry hole costs
-493	2,185	3,526	7,196	9,205	8,051	11,590	15,539	24,631	28,618	25,807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-