Sanchez energy corp (SN)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

85,205

43,192

-141,486

-726,089

-

-

-

-

Net income (loss)

-

-

-

-

-21,791

26,898

-16,295

1,968

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

262,481

177,078

147,485

264,379

338,097

134,845

15,905

4,246

Impairment of oil and natural gas properties

14,386

39,574

47,381

723,971

213,821

0

-

-

Gain on sale of oil and natural gas properties

1,528

81,955

85,322

-

-

-

-

-

Stock-based compensation expense

-964

40,298

37,090

-

-

-

-

-

Asset retirement obligation accretion

-

-

-

-

-

-

17

6

Stock-based and phantom unit compensation expense

-

-

-

14,830

12,843

17,751

25,542

-

Net losses on commodity derivative contracts

-27,756

-6,100

-53,149

172,886

137,205

-16,938

-

-

Net cash settlements paid on commodity derivative contracts

108,317

-17,628

-122,145

-131,123

-5,600

4,959

-

-

Losses incurred on premiums for derivative contracts

-

-

24,548

-121

-596

-

-

-

(Gain) loss on other derivatives

699

-1,551

-

-

-

-

-

-

Cash reimbursements received for operating leasehold improvements

-

-

-

2,649

-

-

-

-

Losses (gains) incurred on premiums for derivative contracts

-

-

-

-

-

1,024

-

-

Loss on investments

-21,798

-871

1,818

-935

-

-

-

-

Loss (gain) on sale of inventory

564

-

-

-

-

-

-

-

Amortization of deferred gain on Western Catarina Midstream Divestiture

23,720

23,720

23,720

4,943

-

-

-

-

Amortization of debt issuance costs

16,322

12,647

7,840

7,529

9,002

6,902

99

-

Accretion of debt discount, net

1,528

634

633

703

755

258

-

-

Deferred taxes

-

-737

-

1

-11,429

3,986

-

-

(Gain) loss on inventory market adjustment

-

9

-649

-

-

-

-

-

Distributions from equity investments

-

1,191

930

-

-

-

-

-

Earnings from equity investments

-

779

3,466

-

-

-

-

-

Accounts receivable

1,172

86,604

9,626

-60,480

26,971

47,649

8,922

962

Accounts payable - related entities

-

-

-

-

-

-

11,848

1,606

Other current assets

-

-

-

450

21,633

969

111

327

Price risk management activities, net

-

-

-

-

-

-

434

1,932

Accounts payable

-

-

-

-25,303

-2,868

32,355

-

-

Accounts receivable - related entities

1,608

-1,957

2,704

3,311

1,347

12,494

-

-

Other payables

-4,140

76,304

247

-2,290

1,522

2,286

-

-

Accrued liabilities

-

-

-

3,347

51,590

14,137

991

461

Other current liabilities

-41,921

66,683

-

-5,166

5,166

-

-

-

Other assets and liabilities, net

21,131

185

8,799

1,188

779

-

-

-

Net cash provided by operating activities

265,974

292,089

182,754

270,576

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Unrealized losses on derivative instruments

-

-

-

-

-

-

-432

-480

Net cash provided by (used in) operating activities

-

-

-

-

415,335

189,261

29,072

5,546

Capital expenditures for the development of oil and natural gas properties

616,225

500,334

312,939

654,154

791,260

479,908

169,665

20,578

Payments for other property and equipment

-

-

-

8,123

14,062

2,050

171

-

Proceeds from the sale of oil and natural gas properties

1,708

162,801

179,143

427,571

-

-

-

1,587

Acquisition of oil and natural gas properties

-2,834

1,039,127

-

7,658

555,942

622,996

-

-

Investment in SNMP

-

-

25,000

-

-

-

-

-

Payments for investments

-

74

36,502

49,985

-

-

-

-

Payments for purchases of other assets, net

3,857

18,566

5,394

-

-

-

-

-

Sale of investments

-

12,500

92,458

-

-

11,591

-

-

Net cash used in investing activities

-615,540

-1,382,800

-108,234

-292,349

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Acquisition of Marquis Assets

-

-

-

-

-

-

-

89,014

Investment in available-for-sale securities

-

-

-

-

-

-

11,591

-

Net cash used in investing activities

-

-

-

-

-1,361,264

-1,093,363

-181,427

-108,005

Proceeds from borrowings, including borrowings under DIP Facility

542,365

373,250

60,000

-

100,000

236,000

-

-

Repayment of borrowings

106,366

143,586

60,000

-

100,000

236,000

-

-

Issuance of senior notes, net of premium and discount

-

-

-

-

1,152,250

593,000

-

-

Issuance of common stock

-

135,942

-

-

176,250

253,920

-

220,000

Issuance of preferred units

-

500,000

-

-

-

-

-

-

Issuance costs related to preferred units

-

20,894

-

-

-

-

-

-

Issuance of preferred stock

-

-

-

-

-

225,000

150,000

-

Issuance costs related to preferred units

-

-

-

-

8,731

20,939

5,533

16,686

Financing costs, including costs related to DIP Facility

13,019

25,788

1,758

400

-

-

-

-

Financing costs

-

-

-

-

37,364

24,112

2,694

-

Preferred dividends paid

11,961

-

3,987

15,960

16,293

18,525

2,112

-

Cash paid to tax authority for employee stock-based compensation awards

866

1,437

1,906

533

-

-

-

-

Preferred unit distributions paid

47,408

44,259

-

-

-

-

-

-

Net cash (used in) provided by financing activities

362,745

773,228

-7,651

-16,893

-

-

-

-

Purchase of common stock

-

-

-

-

-

1,058

-

-

Net distribution to parent

-

-

-

-

-

-

-

-37,814

Net cash provided by (used in) financing activities

-

-

-

-

1,266,112

1,007,286

139,661

165,500

Increase in cash and cash equivalents

13,179

-317,483

66,869

-38,666

320,183

-

-

-

Decrease in cash and cash equivalents

-

-

-

-

-

103,184

-12,694

63,041

NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in asset retirement obligations

-

-

-

-

-

-

446

17

Change in asset retirement obligations

6,885

8,376

-2,895

-1,877

20,303

3,386

-

-

Change in accrued capital expenditures

-23,370

50,613

-16,829

-

-

-

-

-

Change in accrued capital expenditures

-

-

-

-110,744

-

-

43,311

3,518

Debt assumed in exchange for equity interest in SR

-

23,996

-

-

-

-

-

-

Change in accrued capital expenditures

-

-

-

-

75,843

43,323

-

-

Capital expenditures in accounts payable

-

-

-

-

14,545

14,545

-

-

Common stock issued in exchange for preferred stock

-

-

-

-

123,731

-

-

-

Accounts payable assumed by parent

-

-

-

-

-

-

-

8,005

Deferred premium liabilities

-

-

-

-

-

-

1,003

-

Purchase of oil and natural gas properties in exchange for common stock

-

-

-

-

-

7,520

-

20,000

Investment received for sale of oil and natural gas properties

-

-

-

-

-

-

-

2,494

SUPPLEMENTAL DISCLOSURE:
Cash paid for taxes

-

-

1,996

158

-

-

-

-

Cash paid for interest

146,523

126,516

118,498

121,644

-

-

-

-

Cash paid for interest

-

-

-

-

48,064

25,927

-

-