Src energy inc. (SRCI)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10
Cash flows from operating activities:
Net income

29,795

54,468

49,751

81,974

62,628

49,624

65,796

50,818

43,848

27,936

19,880

5,301

-19,241

-153,848

-51,401

-122,932

-77,921

-4,588

-993

26,799

10,432

7,160

5,161

6,100

996

3,615

2,732

2,238

1,947

2,431

6,119

1,627

1,589

-291

-11,738

-1,160

Adjustments to reconcile net income to net cash provided by operating activities:
Results of Operations, Depreciation, Depletion, Amortization and Accretion

57,401

58,027

60,918

55,627

45,188

41,877

37,081

38,913

33,740

26,427

13,229

13,677

9,635

11,274

12,092

18,776

18,417

15,737

14,077

22,574

11,852

7,796

7,719

5,591

4,020

3,820

3,176

2,320

1,410

1,834

1,552

1,214

775

830

647

584

Full cost ceiling impairment

-

-

-

-

-

-

-

-

-

-

-

0

25,453

144,149

45,621

125,230

96,340

3,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of asset retirement obligations

-1,213

-2,410

-2,066

-1,154

-1,145

-1,628

-2,461

-464

-2,685

-628

-764

-

-

-

-

-745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for deferred taxes

13,041

18,237

18,034

19,891

8,918

3,347

5,811

0

0

0

0

-

-

-

-

-10,007

-34,485

-2,903

-709

15,802

6,173

3,116

2,338

3,387

2,250

1,701

1,604

1,315

1,477

1,432

-3,241

0

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

422

995

170

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

762

1,481

420

Stock-based compensation expense

3,089

3,142

3,683

2,940

3,405

3,146

2,796

2,835

3,030

2,685

2,675

2,206

2,374

2,392

2,519

8,431

1,849

4,235

1,604

960

1,399

702

448

419

368

611

215

168

150

108

118

97

63

302

25

235

Mark-to-market of commodity derivative contracts:
Total loss on commodity derivatives contracts

10,924

8,285

-22,913

52,017

-8,529

-14,294

-5,781

-6,550

-2,383

1,328

3,379

-4,133

407

-5,704

1,680

6,482

6,619

-4,383

3,461

27,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlements on commodity derivative contracts

-5,390

-3,089

-4,626

6,096

7,142

4,566

1,555

-164

-544

-315

81

-10,511

486

1,592

3,059

1,954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash premiums paid for commodity derivative contracts

497

658

319

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash premiums paid for commodity derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

956

445

17,859

-13,742

-3,683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Operating Capital

-31,640

-15,300

-3,133

-35,713

12,589

-1,987

-14,432

-37,840

12,501

10,145

2,364

-

-

-

-

-6,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash premiums paid for commodity derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,498

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Valuation increase in commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-179

-1,805

2,636

-

502

-134

0

-

-

-

-

10,229

86

-9,926

-389

Changes in operating assets and liabilities:
Oil, natural gas, and NGL sales

-

-

-

-

-

-

-

-

-

-

-

-

210

-255

-557

-

4,812

-742

-12,748

3,327

12,806

2,885

2,556

2,064

1,100

365

673

1,618

377

168

1,703

-651

-924

1,129

1,388

-603

Trade

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

782

-4,939

-8,529

12,507

-

3,041

228

768

799

143

23

467

379

61

196

49

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

902

1,934

-1,075

-

1,187

-695

171

-543

1,058

741

50

-603

-4,507

3,362

1,668

-1,073

892

-1,102

-194

249

274

-1,046

960

1,362

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

74

0

-15

-298

98

-67

-246

199

142

-23

Revenue payable

-

-

-

-

-

-

-

-

-

-

-

-

942

1,827

-3,132

-

2,087

-3,617

-4,356

10,214

4,958

285

434

2,729

-319

-274

1,693

821

217

3,317

311

316

-

-

-

-

Production taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-1,660

-10,100

1,602

-

4,398

-4,152

2,449

4,957

3,392

-1,002

3,564

2,145

706

-1,132

2,121

777

263

739

719

558

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56

800

-

14

-215

250

-13

-88

107

-147

-1,441

-1,428

1,597

-19

441

534

150

191

Other

-

-

-

-

-

-

-

-

-

-

-

-

1,570

-705

40

-

232

107

488

382

690

-225

-233

-363

816

37

-2,226

1,565

0

-47

-60

124

150

-58

-49

117

Total adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,752

14,530

-

6,231

13,280

8,813

2,881

6,953

12,174

531

2,227

5,016

-1,075

2,960

2,501

447

12,704

3,863

Net cash provided by operating activities

127,722

140,910

160,673

177,589

107,792

108,081

127,681

148,498

68,359

45,100

29,358

15,495

20,958

4,113

8,122

20,072

9,160

20,834

39,759

41,329

28,160

13,391

18,441

14,913

3,877

10,568

14,906

2,769

4,174

7,447

5,044

4,587

4,091

155

965

2,703

Cash flows from investing activities:
Acquisition of oil and gas properties and leaseholds, net of post-closing adjustments

4,004

-2,507

2,623

20,589

112,667

15,073

1,329

598,906

32,564

4,916

25,082

7,816

4,656

476,120

22,581

37,150

13,931

38,482

57,811

74,050

-60,089

24,658

30,370

57,127

-41,257

12,690

45,359

12,220

12,725

16,143

10,812

7,071

9,083

15,216

1,223

4,723

Acquisitions of oil and gas properties and leaseholds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,645

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures for drilling and completion activities

75,312

127,191

148,904

184,778

117,796

113,559

100,347

144,748

127,030

123,142

55,464

-

-

-

-

41,581

-

-

-

84,131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other capital expenditures

5,707

22,017

6,245

21,477

2,616

20,183

3,640

6,643

2,340

6,442

2,416

3,966

2,167

189

722

5,811

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of land and other property and equipment

25

171

133

125

1,333

1,264

317

128

250

1,736

2,072

2,139

2,848

65

426

395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-20,028

-20,003

-19,987

60,000

0

0

0

-

-

-

-

-

-

-

-

Cash held in escrow

-

-

-

-

-

-

-

-

-

-

-

-

32

18,212

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of oil and gas properties and other

-693

12,678

124

394

467

38

728

16,556

-138

6,466

70,689

1,127

727

23,496

0

0

0

2,543

3,696

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-85,973

-139,208

-152,535

-226,575

-233,945

-150,041

-104,905

-733,869

-162,322

-129,770

-14,345

-41,746

-35,342

-506,454

-34,374

-84,937

-19,781

-35,939

-54,115

-158,181

-43,447

-3,926

-10,367

-37,140

-70,200

-12,690

-45,359

-12,220

-12,654

-16,143

-10,812

-7,071

-

-

-

-

Cash flows from financing activities:
Proceeds from the sale of stock

-

-

-

-

-

-

-

-

-

-

-

0

0

472,823

92,575

0

0

0

200,100

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Offering costs

-

-

-

-

-

-

-

-

-

-

0

0

89

18,489

3,409

0

0

0

9,255

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the employee exercise of stock options

0

0

0

0

110

3,129

1,063

627

0

114

0

-

-

-

-

0

-

-

-

15,370

2,254

4,276

5,333

23,771

2,808

60

261

146

-

-

-

-

-

-

-

-

Payment of employee payroll taxes in connection with shares withheld

41

250

876

15

96

535

475

57

66

134

431

247

102

124

284

2,544

78

472

71

405

193

142

0

34

6,990

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from the revolving credit facility

-

-

-

-

-

-

-

80,000

60,000

90,000

20,000

0

0

55,000

0

0

-

-

-

186,000

0

0

0

0

-7,486

3,000

36,000

2,486

-3,000

-2,392

0

5,392

0

0

0

0

Principal repayments on the revolving credit facility

-

-

-

-

-

-

-

230,000

0

0

20,000

-

-

-

-

0

9,000

59,000

0

77,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing fees on amendments to the revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

73

-77,804

78,000

-

0

0

0

2,296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees on debt and equity issuances and revolving credit facility amendments

0

379

0

415

8

1,859

306

11,773

1,117

255

0

762

229

3,976

192

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease payments

-

47

58

54

87

48

87

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayment of related party notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,400

0

0

5,200

0

0

0

0

Net cash provided by (used in) financing activities

-92

-30,676

-934

79,359

89,919

25,687

195

612,818

58,817

89,725

-431

-672

-493

530,038

10,690

-2,544

-9,078

-59,472

190,774

121,669

2,061

4,134

5,333

23,737

66,575

3,060

36,261

2,632

-1

-2,392

37,422

192

0

0

16,690

0

Net increase (decrease) in cash and cash equivalents

41,657

-28,974

7,204

30,373

-36,234

-16,273

22,971

27,447

-35,146

5,055

14,582

-26,923

-14,877

27,697

-15,562

-67,409

-19,699

-74,577

176,418

4,817

-13,226

13,599

13,407

1,510

252

938

5,808

-6,819

-8,481

-11,088

31,654

-2,292

-1,606

-10,064

16,433

-2,020