RPC, INC. RES Cash Flow

Rpc, inc. (RES)

CashFlow / Quarterly

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
OPERATING ACTIVITIES
Net loss
-160,423	-23,362	-69,181	6,171	-739	13,362	49,967	59,943	52,130	57,703	57,334	43,840	3,634	-21,107	-38,942	-48,686	-32,511	-37,881	-35,173	-34,055	7,548	77,637	64,885	63,283	39,388	37,643	53,760	40,416	35,076	55,381	66,040	72,260	80,755	74,581	83,111	73,165	65,524
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and other non-cash charges
39,532	40,092	45,706	43,747	43,062	43,508	43,871	41,262	38,148	38,879	40,300	41,967	45,412	49,396	52,843	57,381	61,418	66,993	70,506	70,359	67,555	62,558	58,074	57,028	56,280	55,106	53,650	53,484	53,572	55,063	53,969	53,516	51,605	48,953	46,677	44,908	39,249
Stock-based compensation expense
2,097	1,306	2,436	2,436	2,452	2,215	2,618	2,031	2,555	2,071	3,007	3,325	2,687	2,153	2,703	2,702	2,660	2,265	2,586	2,586	2,523	1,959	2,398	2,397	2,320	1,780	2,146	2,146	2,105	1,956	2,002	2,001	1,901	2,652	1,602	1,606	2,215
Gain on disposition of assets, net
819	-265	-1,727	1,133	3,504	-115	286	1,810	1,363	-1,249	503	3,759	1,517	4,001	1,148	1,515	1,256	-5,302	-3,791	1,718	958	-4,151	-7,684	-1,405	-2,232	-3,706	-1,268	-1,757	-2,640	-1,240	-1,551	-1,904	-1,404	-1,141	-4,179	78	1,411
Deferred income tax benefit
-33,495	-448	-9,198	-5,133	-7,446	15,076	1,148	6,205	-1,034	-14,446	-7,404	-9,092	-11,667	-2,532	-10,669	-12,585	-8,423	19,025	-25,236	-8,389	-18,413	47,862	-12,253	-13,063	-10,192	-2,481	5,056	-10,626	-5,009	-2,473	363	18,221	-11,290	19,487	49,591	10,206	-2,210
Impairment and other non-cash charges
205,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits for share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	67	75	-118	403	0	0	-50	1,460	-42	-38	-39	4,455	21	-40	-35	3,232	140	412	105	2,067	-63	15	1,141	2,278
(Increase) decrease in assets:
Accounts receivable
5,664	-46,042	-69,389	38,737	-4,400	-59,011	5,872	-7,796	6,953	2,441	31,981	96,814	77,406	24,458	13,912	-46,198	-56,887	-52,814	-14,053	-131,180	-203,706	43,334	25,825	97,819	31,043	47,282	9,093	5,909	-12,325	9,425	-35,468	-12,166	-35,600	23,890	37,202	43,311	62,909
Income taxes receivable
10,855	3,374	16,097	-3,939	-27,219	24,254	-9,680	-8,684	-10,300	37,102	-5,785	-39,535	-8,713	6,843	-376	9,389	-10,501	24,314	-5,214	17,830	-16,063	18,076	-5,755	14,814	-8,076	-9,389	15,128	-11,961	4,530	991	2,163	-138	-12,311	8,494	1,755	-1,273	-18,793
Inventories
-3,286	-3,249	-6,012	-5,970	-5,731	1,427	2,353	5,665	6,215	1,545	537	598	3,595	-2,451	-5,016	-9,153	-3,674	-8,038	-10,553	-6,859	-1,217	1,962	15,485	2,840	9,421	-1,686	-6,116	1,741	-8,017	-1,607	23,340	7,330	11,291	7,192	14,752	7,349	7,218
Prepaid expenses
-1,753	3,164	-858	-1,191	-423	3,425	-40	-568	-2,039	3,406	175	-1,488	179	2,192	-583	-2,272	-1,581	2,928	-376	-2,092	-621	3,492	-445	-2,543	-506	4,127	-2,940	-2,460	-246	5,637	-875	-1,325	-1,153	4,720	-551	-296	-1,090
Other current assets
-81	-37	337	-246	-354	-1,955	-430	-2,525	1,535	-815	2,347	-739	429	-380	680	-61	-241	-1,785	5,900	-428	-806	569	-3,162	5,034	-1,692	-19	-2,059	1,198	-234	-6,468	-26,585	7,442	-578	17,243	2,802	8,486	1,993
Other non-current assets
-4,980	-826	241	765	2,844	-3,600	993	1,408	-295	1,644	879	1,507	749	600	1,046	322	-117	-77	-1,542	76	-225	537	1,234	350	117	1,296	611	-350	324	2,182	572	-536	4,197	282	-536	-197	157
Increase (decrease) in liabilities:
Accounts payable
17,004	-18,116	-26,889	-902	3,666	-29,606	-1,040	10,902	11,990	-17,975	19,391	7,985	19,775	15,353	13,956	-6,149	-29,410	754	3,062	-8,318	-57,944	-16,749	19,939	13,723	19,508	3,138	3,834	2,512	4,578	-9,323	-4,005	-4,184	12,583	-24,398	22,943	16,119	15,438
Income taxes payable
257	685	-210	-2,460	-1,187	-293	-2,567	-444	4,786	-977	-11,005	11,401	-1,124	903	-4,141	-537	1,065	1,678	1,910	2,324	783	386	23	-6,058	6,593	-168	-9,943	9,334	-5,651	4,875	-1,312	-32,538	24,698	6,720	-15,096	-7,216	20,509
Accrued payroll and related expenses
182	-4,392	1,047	-3,191	433	-6,390	8,068	-2,654	3,169	-1,680	8,346	-657	5,399	-2,473	-1,074	-398	-595	-4,400	-2,985	-3,412	-22,346	8,380	3,793	7,229	-6,181	3,312	4,526	3,824	-7,077	-1,391	1,288	5,405	-6,929	5,602	2,999	2,080	-882
Accrued insurance expenses
-448	1,051	-861	988	179	280	311	-81	374	1,075	-127	-330	582	-833	640	-672	668	-434	-2,148	384	862	106	-1,098	250	302	192	-441	-83	252	-201	890	-675	394	-297	23	94	783
Accrued insurance expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	893	-193
Accrued state, local and other taxes
1,347	-4,941	1,534	1,106	1,647	-4,029	1,206	-3,721	970	949	1,065	1,895	1,652	-3,898	206	2,808	1,140	-4,482	1,353	-13	-841	-3,788	2,198	1,906	1,503	-3,860	930	2,906	-2,300	-3,989	2,881	2,733	635	-1,073	503	977	1,671
Other accrued expenses
-2,733	-274	-1,466	-515	166	-121	-1,033	-9	169	50	-361	-86	-4,938	4,965	96	-2,113	2,069	69	-5	-227	-17	-813	-101	79	60	-46	84	-290	-1,296	2,509	-41	-148	-908	-50	1,077	0	-69
Pension liabilities
-5,070	1,948	130	1,352	3,145	-3,162	-333	-3,779	-588	1,690	229	1,493	986	736	-2,032	643	-732	1,167	-1,155	650	359	1,001	51	771	396	1,062	1,206	-536	1,451	782	777	-121	-2,027	867	-388	353	417
Long-term accrued insurance expenses
825	497	-737	1,571	637	637	619	-495	935	56	394	44	345	-169	-379	-164	-1,099	474	-450	456	769	17	-1,330	229	958	-764	-16	291	314	-391	1,561	-24	254	-	-	-	-
Other long-term liabilities
-2,435	-409	1,137	403	-648	5	-67	-309	-509	1,092	90	249	-30	-20	-22	-17	-14,120	1,505	174	295	-466	1,704	3,667	2,716	-537	5,099	506	246	-2,082	925	731	876	-1,542	554	608	607	-737
Net cash provided by operating activities
54,839	39,428	76,283	16,284	77,146	67,057	92,748	119,541	109,663	24,413	80,622	41,118	-12,449	7,144	2,299	38,789	53,472	87,507	42,068	143,625	200,592	116,483	114,786	13,620	77,868	62,087	102,889	111,339	89,309	94,663	163,136	118,514	183,620	73,092	142,090	85,193	85,632
INVESTING ACTIVITIES
Capital expenditures
25,019	41,366	77,010	69,973	62,280	43,029	49,889	99,210	50,482	42,493	44,371	18,938	11,707	9,021	6,628	8,708	9,581	12,224	15,855	35,855	103,492	134,029	124,669	72,509	40,295	41,827	51,364	55,450	53,040	55,135	69,599	82,794	121,408	110,671	101,966	111,445	92,318
Proceeds from sale of assets
3,595	2,447	2,618	3,706	6,070	3,135	3,207	3,776	3,119	2,591	2,125	5,914	2,493	5,458	2,011	3,120	2,010	1,908	1,851	3,185	2,899	3,727	3,022	9,096	2,862	2,493	3,420	2,163	2,995	7,436	3,874	4,319	3,680	5,866	3,693	9,174	6,030
Net cash used for investing activities
-21,424	-38,919	-74,392	-66,267	-56,210	-39,894	-37,036	-95,434	-47,363	-39,902	-42,246	-13,024	-9,214	-3,563	-4,617	-5,588	-7,571	-10,316	-14,004	-32,670	-100,593	-132,856	-121,647	-63,413	-37,433	-56,378	-47,944	-53,287	-50,045	-53,910	-65,725	-78,475	-117,728	-104,805	-98,273	-102,271	-86,288
FINANCING ACTIVITIES
Payment of dividends
-	7	0	10,738	21,486	36,433	21,450	21,529	21,657	-	-	-	-	-	-	-	-	3	0	10,837	22,762	22,786	22,939	22,897	22,986	21,866	21,893	22,015	22,015	61,446	17,540	17,512	17,571	14,826	11,821	10,326	10,354
Borrowings from notes payable to banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,900	123,500	199,500	265,400	341,300	289,400	321,000	216,400	186,000	150,200	122,900	227,600	237,500	155,700	168,750	282,100	330,400	207,900	212,250	190,300
Repayments of notes payable to banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,400	158,900	300,200	334,300	268,800	268,800	270,400	188,900	184,100	166,000	143,300	247,000	214,200	234,000	187,550	304,600	267,900	240,200	188,950	161,750
Debt issue costs for notes payable to banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	667	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits for share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	67	75	-118	403	0	0	-50	1,460	-42	-38	-39	4,455	21	-40	-35	3,232	140	412	105	2,067	-63	15	1,141	2,278
Cash paid for common stock purchased and retired
792	2	10	4,651	2,698	2,841	64	9,386	30,710	60	14,270	6,780	5,674	39	24	3	3,191	0	0	0	4,093	32,049	4,404	0	13,144	1	4,534	15,626	4,961	0	200	349	29,675	15,562	0	1,358	17,499
Proceeds received upon exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	274	103	39	128	87	69	248	324
Net cash used for financing activities
-792	-9	-10	-15,389	-24,184	-39,274	-21,514	-30,915	-52,367	-30,353	-27,296	-6,780	-5,674	-10,833	51	-156	-2,788	-19,503	-35,400	-111,587	-94,295	17,623	-6,781	27,664	-4,842	-19,946	-42,267	-58,076	-43,144	-37,732	-95,525	-36,517	-67,551	32,136	-44,037	12,590	3,299
Net increase (decrease) in cash and cash equivalents
32,623	500	1,881	-65,372	-3,248	-12,111	34,198	-6,808	9,933	-45,842	11,080	21,314	-27,337	-7,252	-2,267	33,045	43,113	57,688	-7,336	-632	5,704	1,250	-13,642	-22,129	35,593	-14,237	12,678	-24	-3,880	3,021	1,886	3,522	-1,659	423	-220	-4,488	2,643
Interest paid, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	91	282	-	157	359	608	-	393	187	256	-	739	380	26	-	375	621	357	-	693	811	1,200
Income taxes (refund) paid, net
-12,281	-	1,299	-12,417	292	-	-3,196	4,685	292	-	53,894	-16,318	2,199	-	-2,644	-4,202	-32,487	-	-943	5,055	4,423	-	43,539	73,109	19,999	-	53,430	15,707	37,591	-	40,476	60,086	24,879	-	17,371	40,975	2,826
Capital expenditures included in accounts payable
7,250	-	-13,062	13,773	17,634	-	-10,767	904	18,823	-	-1,314	3,544	5,322	-	1,354	-214	1,862	-	-640	-7,424	13,413	-	11,290	-4,227	22,432	-	4,194	-17,019	32,812	-	1,097	-11,196	29,468	-	-2,759	24,012	3,519