Sm energy co (SM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Cash flows from operating activities:
Net loss

-187,001

508,407

-160,843

-757,744

-447,710

666,051

170,935

-54,249

215,416

196,837

-99,370

87,348

Adjustments to reconcile net loss to net cash provided by operating activities:
Net gain on divestiture activity

862

426,917

-131,028

37,074

43,031

646

27,974

-27,018

220,676

155,277

11,444

63,557

Depletion, depreciation, amortization, and asset retirement obligation liability accretion

823,798

665,313

557,036

790,745

921,009

767,532

822,872

727,877

511,103

336,141

304,201

314,330

Abandonment and impairment of unproved properties

-

-

-

-

78,643

-

-

20,861

277

289

7,810

6,823

Exploratory dry hole expense

-

-

-

-

36,612

44,427

5,846

-

-

-

-

-

Impairment

33,800

49,900

16,100

354,614

468,679

84,480

172,641

208,923

219,037

6,127

174,813

302,230

Abandonment and impairment of unproved properties

-

-

-

-

-

75,638

46,105

16,342

7,367

1,986

45,447

39,049

Impairment of other property and equipment

-

-

-

-

49,369

0

0

-

-

-

-

-

Impairment of materials inventory

-

-

-

-

-

-

-

-

-

-

14,223

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

9,452

Stock-based compensation expense

24,318

23,908

22,700

26,897

27,467

32,694

32,347

30,185

26,824

26,743

18,765

14,812

Change In Net Profits Plan liability

-

-

-

-

-

-29,849

-21,842

-28,904

-25,477

-34,441

-7,075

-34,040

Bad debt expense (recovery)

-

-

-

-

-

-

-

-

-

-

-5,189

16,735

Gain (Loss) on Derivative Instruments, Net, Pretax

-97,539

161,832

-26,414

-250,633

408,831

583,264

-

-

-

-

-

-

Derivative settlement gain (loss)

39,222

-135,803

21,234

329,478

512,566

12,615

-22,062

-

37,086

-8,899

-20,469

11,209

Derivative gain

-

-

-

-

-

-

3,080

55,630

-

-

-

-

Derivative cash settlements

-

-

-

-

-

-

-

-44,264

25,671

-

-

-

Loss related to hurricanes

-

-

-

-

-

-

-

-

-

-

-8,301

6,980

Loss on insurance settlement

-

-

-

-

-

-

-

-

-

-

-

2,296

Amortization of debt discount and deferred financing costs

15,474

15,258

16,276

9,938

7,710

6,146

5,390

6,769

18,299

13,464

12,213

9,344

Gain on extinguishment of debt

0

-26,740

-35

15,722

-16,578

-

-

-

-

-

-

-

Deferred income taxes

-41,835

141,708

-192,066

-448,643

-276,722

397,780

105,555

-29,638

123,789

114,517

-39,735

38,164

Plugging and abandonment

-

-

-

-

7,496

8,796

9,946

2,856

5,849

8,314

26,396

-9,168

Other, net

-2,220

-287

-7,885

9,931

5,764

-1,069

-2,775

-527

6,027

3,993

-3,382

3,875

Changes in current assets and liabilities:
Accounts receivable

39,556

20,775

-20,410

10,562

-140,200

-24,088

79,398

21,389

41,998

47,153

-46,743

14,327

Refundable income taxes

-

-

-

-

-

-

-

-

-2,901

-24,291

19,612

12,228

Prepaid expenses and other

-6,130

729

1,953

-8,478

-2,563

1,822

-98

-733

-16,376

35,363

6,626

1,504

Accounts payable and accrued expenses

50,278

35,175

51,156

-53,210

-86,267

9,466

91,516

31,136

-18,073

53,198

-4,814

-12,348

Accrued derivative settlements

-

-

-

-34,540

-5,232

41,034

-2,612

-

-

-

-

-

Excess income tax benefit from the exercise of stock awards

-

-

-

-

-

-

-

-

-

854

0

13,867

Net cash provided by operating activities

823,567

720,629

515,390

552,804

990,807

1,456,575

1,338,514

921,969

760,532

497,097

436,106

679,190

Cash flows from investing activities:
Cash flows from investing activities:
Net proceeds from the sale of oil and gas properties

13,059

748,509

776,719

946,062

357,938

43,858

424,849

55,375

364,522

311,504

39,898

178,867

Proceeds from Insurance Settlement, Investing Activities

-

-

-

-

-

-

-

-

-

-

16,789

-

Capital expenditures

1,023,769

1,303,188

888,353

629,911

1,493,608

1,974,798

1,553,536

1,507,828

1,633,093

668,288

379,253

746,586

Payments to Acquire Oil and Gas Property and Equipment

2,581

33,300

89,896

2,183,790

7,984

544,553

61,603

5,773

0

664

76

81,823

Receipts from restricted cash related to 1031 exchange

-

-

-

-

-

-

-

-

0

-

-14,398

14,398

Other, net

-

-

-

-

985

3,256

2,613

-893

-3,661

4,125

-4,152

9,814

Net cash provided by (used in) investing activities

-1,013,291

-587,934

-201,530

-1,867,639

-1,144,639

-2,478,749

-1,192,903

-1,457,333

-1,264,910

-361,573

-304,092

-673,754

Cash flows from financing activities:
Cash flows from financing activities:
Proceeds from revolving credit facility

1,589,000

0

406,000

947,000

1,872,500

1,285,500

1,203,000

1,609,000

322,000

571,559

2,072,500

2,571,500

Repayment of revolving credit facility

1,466,500

0

406,000

1,149,000

1,836,500

1,119,500

1,543,000

1,269,000

370,000

711,559

2,184,500

2,556,500

Debt issuance costs related to credit facility

-

-

-

-

0

3,388

3,444

0

8,719

0

11,074

-

Net proceeds from Senior Notes

0

492,079

0

491,640

490,951

-

-

392,138

684,242

-

-

-

Cash paid to repurchase 6.125% Senior Notes due 2022

0

845,002

2,357

29,904

350,000

0

0

-

-

-

-

-

Cash paid for extinguishment of debt

-

-

-

-

12,455

-

-

-

-

-

-

-

Net proceeds from Senior Convertible Notes

-

-

-

166,617

0

0

-

-

-

-

-

-

Net proceeds from Senior Convertible Notes

-

-

-

-

-

589,991

490,185

-

-

-

-

-

Cash paid for capped call transactions

-

-

-

24,195

0

0

-

-

-

-

-

-

Net proceeds from 6.625% Senior Notes due 2019

-

-

-

-

-

-

-

-

-

0

0

-

Net Proceeds from 6.50% Senior Notes due 2021

-

-

-

-

-

-

-

-

-

0

-

-

Net proceeds from 6.50% Senior Notes Due 2023

-

-

-

-

-

-

-

-

-

0

-

-

Repayment of Senior Notes

-

-

-

-

-

-

-

287,500

0

0

-

-

Proceeds from Debt Issuance, Net of Issuance Costs, 6.50% Senior Notes

-

-

-

-

-

-

-

-

-

-

0

-

Net proceeds from sale of common stock

3,209

3,187

2,623

938,268

4,844

4,877

6,858

5,816

7,327

6,440

3,110

11,888

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

77,202

Dividends paid

11,254

11,191

11,144

7,751

6,772

6,723

6,663

6,511

6,382

6,297

6,247

6,186

Net share settlement from issuance of stock awards

-

-

-

-

8,678

10,624

16,220

21,622

9,973

2,093

-

-

Excess income tax benefit from the exercise of stock awards

-

-

-

-

-

-

-

-

-

854

0

13,867

Other, net

-2,686

-7,746

-1,411

-5,486

-160

-87

-5

-225

0

0

-1,285

-182

Net cash used in financing activities

111,769

-368,673

-12,289

1,327,189

153,730

740,046

130,711

422,096

618,495

-141,096

-127,496

-42,815

Net change in cash, cash equivalents, and restricted cash

-77,955

-235,978

301,571

12,354

-102

-282,128

276,322

-113,268

114,117

-5,572

4,518

-37,379

Supplemental Cash Flow Information - Operating activities:
Cash paid for interest, net of capitalized interest

141,902

150,727

164,097

129,761

126,988

89,145

70,702

51,328

-22,133

-13,340

-17,884

21,976

Net cash (paid) refunded for income taxes

6,109

-2,995

-5,986

-4,690

1,630

1,936

-204

-1,389

4,046

25,578

9,857

17,326

Supplemental Cash Flow Information - Investing activities:
Changes in capital expenditure accruals and other

-24,289

-2,774

7,309

8,044

-210,819

130,143

-

-

214,800

238,500

-

-

Supplemental Cash Flow Information - Supplemental non-cash investing activities:
Carrying value of properties exchanged

73,400

95,100

294,000

733

0

6,164

-

-

-

-

-

-

Supplemental Cash Flow Information - Non-Cash Financing Activities [Abstract]
Issuance of common stock for an asset acquisition

-

-

-

437,194

0

-

-

-

-

-

-

-

Gains (Losses) on Extinguishment of Debt, Non Cash Portion

0

6,334

22

-15,722

4,123

0

0

-

-

-

-

-

Value of common stock from issuance of private placement for an asset acquisition

-

-

-

-

-

0

-

-

-

-

-

-