Superior energy services inc (SPN)
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'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net loss

-79,464

-98,525

-38,441

-71,050

-47,705

-750,185

-21,816

-26,390

-59,724

8,593

-59,049

-63,806

-91,659

-211,241

-117,998

-470,857

-86,803

-237,395

-821,199

-784,989

-11,135

66,126

79,857

75,162

36,672

-313,539

69,835

68,559

63,727

76,275

93,887

141,853

53,920

19,362

59,580

48,109

15,503

3,009

33,217

24,065

21,526

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

41,355

46,366

67,387

75,218

82,439

97,264

99,892

97,973

105,719

107,565

108,751

108,119

114,281

117,954

123,308

132,037

136,672

144,818

146,757

158,349

162,223

157,342

170,130

159,383

165,288

163,301

158,006

154,987

149,634

143,008

128,161

135,516

103,841

69,761

64,875

63,314

59,363

58,683

56,805

54,299

51,048

Deferred income taxes

3,882

-

-

-

-

-35,583

-6,175

-7,015

-12,285

-89,554

-31,677

-31,575

-29,747

43,712

-48,479

-82,382

-55,371

-93,363

-55,277

-135,264

-4,767

-33,800

-4,998

-17,264

6,495

-98,772

87,019

6,464

19,724

25,963

-3,350

-416

-10,979

9,173

30,005

6,122

2,773

6,994

-12,465

10,252

3,495

Reduction in value of assets

16,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction in value of assets held for sale

46,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

258

436

843

-1,258

0

5,184

5,078

-

-

-

-

Right-of-use assets amortization

4,373

4,272

5,055

5,545

5,741

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

3,584

5,659

648

5,054

8,453

8,148

6,751

8,355

8,197

6,723

9,753

9,336

10,691

7,612

11,671

11,713

10,783

11,764

9,778

13,127

11,816

9,849

10,781

11,002

11,116

9,044

9,371

9,438

7,979

8,725

11,394

5,860

10,591

3,759

5,385

1,202

3,686

15,255

13,962

-375

4,760

Retirement and deferred compensation plan expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

791

621

-4

1,508

363

123

-210

-426

5,311

150

(Earnings) losses from equity-method investments, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

965

8,198

3,962

27

-2,489

2,092

-473

-2,035

Amortization of debt acquisition costs and note discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,013

2,042

2,071

2,100

2,128

2,297

2,394

2,417

2,593

2,636

2,210

5,845

6,633

6,445

6,255

6,097

6,126

5,882

5,849

(Gains) losses on sales of assets and businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,412

0

0

-6,649

0

0

5,884

2,674

-

-

-

-

Other reconciling items, net

-1,776

6,683

2,335

-2,722

9,727

1,290

5,660

1,608

987

-12,994

8,886

173

1,430

-72,448

246

10,083

63

-23,534

-14,710

1,043

-4,681

-9,414

837

12,454

7,593

-5,663

3,138

2,839

585

17,299

1,300

180

-6,402

1,767

1,653

1,524

1,482

965

1,958

1,997

-212

Changes in operating assets and liabilities:
Accounts receivable

3,448

-36,299

-733

-40,916

-26,590

-45,690

51,391

-277

44,692

-23,680

27,665

56,883

32,441

27,631

-34,673

-49,442

-71,602

-62,571

-88,772

-181,514

-168,412

-51,124

30,324

25,252

5,035

-85,283

-4,005

21,208

-17,343

-101,370

49,513

30,640

64,163

58,215

45,372

62,061

-78,834

-41,704

94,619

10,220

26,665

Prepaid expenses

-4,129

-15,056

3,059

9,620

7,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory and other current assets

2,077

-13,829

6,286

15,072

-1,392

-9,320

-7,975

9,234

15,620

-6,055

-1,682

1,366

8,826

2,618

533

-2,034

6,529

-22,358

-5,651

-20,265

14,992

-24,099

-12,454

-17,646

605

16,071

27,633

860

26,431

22,399

-109,613

8,626

15,868

9,233

-750

-13,680

3,015

32,932

-45,168

-50,850

-22,601

Accounts payable

-17,086

-4,057

13,710

-13,759

-8,172

-9,455

-14,485

16,042

16,810

-1,173

-1,678

14,768

11,731

12,359

14,087

-7,800

-14,979

-118

-20,488

-64,395

-20,800

6,252

23,831

-1,131

7,498

-39,389

9,892

-6,134

3,327

-30,220

-25,269

-3,924

28,436

37,225

2,112

3,257

-2,305

21,850

-10,311

16,872

-8,108

Accrued expenses

-20,540

-12,428

3,035

-10,380

-17,709

-11,570

26,186

-21,228

-14,501

-15,640

18,384

-28,875

17,673

-32,285

18,416

-54,726

-5,307

-41,832

-4,833

-31,756

-38,152

-20,391

44,372

915

-8,485

433

39,734

-3,509

-11,504

3,728

33,768

-7,257

-56,346

-2,246

16,598

23,754

-13,145

-13,351

18,205

7,603

-4,098

Decommissioning liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46

-1,917

-2,661

-

-

-

-

-

-

-

-

Income taxes

-28,479

-

-

-

-

-

-

-

-

-1,880

2,408

119,057

-20,496

-103,128

547

-14,049

8,987

-637

3,026

-2,307

-30,973

2,920

15,200

19,411

8,603

21,272

-65,906

-2,507

-115,007

10,177

40,544

62,563

38,809

-2,155

-2,269

5,604

-2,558

-25,972

24,912

-2,952

14,522

Other, net

3,125

24,664

2,344

-496

6,590

8,568

-60

-8,063

7,875

7,614

-8,793

8,730

12,502

549

-13,527

-17,377

-3,543

193

-9,442

-34,110

-11,955

-1,891

-2,087

-2,345

8,085

-19,531

-7,449

-3,058

-26,120

-15,010

12,644

6,495

6,562

-13,289

-4,181

3,190

-1,692

-7,775

-3,362

-9,207

-462

Net cash provided by (used in) operating activities

-32,240

29,924

47,674

41,451

27,379

81,701

43,941

64,373

-24,958

48,510

30,769

59,872

-42,725

-85,423

48,973

35,167

62,535

67,125

131,971

195,248

238,268

268,700

324,566

231,805

207,940

256,695

290,762

208,630

136,721

338,455

331,083

271,448

94,057

130,679

134,135

90,045

137,945

119,223

79,691

169,694

87,365

Cash flows from investing activities:
Payments for capital expenditures

18,563

35,072

26,257

37,976

41,160

35,087

66,442

54,107

65,734

55,298

52,986

35,461

21,188

6,477

6,669

29,387

38,015

39,318

78,603

112,818

127,487

177,753

123,116

155,465

159,768

142,129

132,123

176,993

157,715

223,729

330,011

314,937

273,245

155,419

112,547

108,103

108,579

84,432

90,997

71,256

76,559

Decrease in cash held in escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-785,280

-

-

-

-

-

-

-

-

Proceeds from sales of assets

33,045

19,312

6,139

79,491

5,066

3,704

6,298

11,162

12,135

12,622

11,557

0

4,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of leased vessels

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46,442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

23,797

18,629

33,294

997

1,038,241

-

-

-

-

14,029

54,276

1,000

206,772

Cash proceeds from sale of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,818

0

185,912

0

0

16,587

5,762

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

7,252

-4,258

-100

-1,880

1,435

-1,484

4,809

-1,900

10,428

-8,330

-8,970

-895

4,462

-579

-1,825

-305

6,880

-3,489

-21,644

-3,305

1

-5,414

4,160

1,974

3,133

1,092

3,239

1,938

Net cash provided by (used in) investing activities

14,482

-15,760

-20,118

41,515

-36,094

-31,383

-60,144

-42,945

-53,599

-42,676

-41,429

-35,461

-17,098

-6,214

-2,411

-29,287

-36,135

-21,493

-77,119

-117,627

-172,029

-65,203

-114,786

-135,873

-158,873

-140,299

-131,544

-152,518

-181,207

-228,442

-331,484

-260,203

-336,989

-718,070

-167,242

-259,806

-104,791

-96,344

-146,365

-75,495

-285,269

Cash flows from financing activities:
Proceeds from issuance of short-term debt

-

-

-

-

-

-

-

-

744

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-156,000

-19,000

-

53,900

-83,600

46,200

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

400,000

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,912

5,558

329,106

5,263

5,292

5,250

5,233

6,564

5,000

5,000

5,000

5,000

5,000

155,000

5,000

5,000

155,000

5,000

12,546

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

175

80

25,011

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114,182

69,013

34,248

82,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,111

12,058

12,060

12,037

11,984

12,170

12,370

12,527

12,689

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

0

325,000

-

-

-

-

-

-

-

-

20,000

135,217

230,204

196,350

91,831

222,080

1,331

381,197

-

-

-

-

-

-

-

-

Payments on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,000

260,217

140,204

161,350

181,831

132,080

1,331

456,197

-

-

-

-

-

-

-

-

Payment to extinguish capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholdings for vested restricted stock units

208

0

0

10

1,667

10

6

28

5,155

-1

29

78

8,220

-

-

45

3,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,592

6,208

6

226

5,281

5,047

713

5

446

5,100

862

263

1,396

12,256

52

82

3,982

6,147

531

54

234

108

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

258

436

843

-1,258

0

5,184

5,078

365

32

93

70

Proceeds from issuance of stock through employee benefit plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

662

787

587

819

504

479

589

634

386

451

455

599

Other

-

-

-

-

-

1,374

-44

1,587

-304

1,730

214

1,810

-486

5,997

-1,271

3,156

-7,295

10,278

-42

2,649

-6,367

813

-828

5,037

-4,298

3,084

-7,559

-200

-2,165

-130

-1,260

-973

-3,610

-1,209

-824

-1,078

-6,551

-1,343

-786

-769

-545

Net cash used in financing activities

-208

-4,236

-30

641

-1,667

1,364

-50

815

-4,715

-1,145

-8,906

1,732

-8,706

2,292

-253,378

-77,447

-26,947

-11,467

-13,983

-5,100

-38,309

-129,495

-86,985

-41,457

-99,231

-11,830

-137,554

-64,754

32,935

-98,006

-65,127

-3,634

297,751

457,814

-458

342,909

-13,692

-18,984

48,487

-83,992

46,432

Effect of exchange rate changes on cash

-2,428

2,818

-1,755

-1,026

924

-1,301

-523

-3,123

1,812

360

1,201

-101

2,194

-1,027

-876

-1,824

-4,232

-3,822

-7,457

12,912

-6,147

-998

-4,406

1,330

-35

830

3,588

-3,034

-2,573

106

1,577

-332

665

-330

-368

-116

893

-549

1,519

-106

-1,085

Net change in cash, cash equivalents, and restricted cash

-20,394

12,746

25,771

82,581

-9,458

50,381

-16,776

19,120

-81,460

5,049

-18,365

26,042

-66,335

-90,372

-207,692

-73,391

-4,779

30,343

33,412

85,433

21,783

73,004

118,389

55,805

-50,199

105,396

25,252

-11,676

-14,124

12,113

-63,951

7,279

55,484

-129,907

-33,933

173,032

20,355

3,346

-16,668

10,101

-152,557

Supplemental Disclosure of Cash Flow Information: