ULTRA PETROLEUM CORP. UPL Cash Flow

Ultra petroleum corp. (UPL)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities:
Net income for the period
107,988	148,999	156,054	78,388	85,207	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-11,716	-	-3,114,062	-3,215,570	-3,254,240	-3,207,220	207,145	335,606	466,325	542,851	374,246	312,790	323,120	237,838	-275,316	-941,364	-2,244,727	-2,176,898	-1,573,034	-821,747	468,744	453,202	359,321	372,816	330,803	464,459	521,901	350,930	263,911	-451,053	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Depletion, depreciation and amortization
204,227	209,304	209,395	205,368	204,255	202,383	193,800	180,732	161,945	143,363	133,465	126,026	125,121	214,712	276,327	337,458	401,200	367,903	351,385	324,360	292,951	267,207	250,321	245,103	243,390	255,863	283,107	337,751	388,985	421,736	420,885	385,337	346,394	312,774	286,654	264,288	241,796	217,619	204,311	192,432	201,826	0	0	0
Write-down of proved oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,037,000	0	0	0
Deferred and current non-cash income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-990	251	468	737	995	0	0	0	-	-	-	-	-712,576	-637,723	-558,097	253,949	251,206	199,556	203,138	180,789	253,926	280,694	184,386	137,440	-253,966	0	0	0
Unrealized (gain) loss on commodity derivatives
54,282	88,715	84,267	-37,901	-59,799	-59,724	-52,940	22,578	16,966	0	0	0	-	-	-55,425	-111,696	-104,190	18,771	95,431	173,891	130,066	221	-37,146	-17,480	-25,876	-46,723	-143,436	-332,846	-230,385	-116,414	37,453	187,534	100,383	-26,252	22,814	-2,800	208,625	294,565	39,914	-96,902	-92,849	0	0	0
Deferred gain on sale of liquids gathering system
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,553	-	10,553	10,553	10,553	10,553	-10,554	-10,553	-10,551	-10,553	-7,914	-5,276	-2,640	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,427	-4,444	-4,367	1,367	6,212	7,577	7,654	7,311	17,522	25,633	28,239	25,530	14,213	0	0	0
Deferred gain on sale of liquids gathering system
-	-	-	-	10,553	10,553	10,553	10,553	10,553	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation
2,571	2,549	3,224	3,856	11,825	17,342	23,835	47,936	39,977	35,777	29,122	4,616	5,562	2,586	4,003	3,932	4,128	7,476	7,267	4,955	5,467	6,642	4,734	9,264	9,767	9,551	12,037	11,308	10,756	11,857	12,254	13,253	13,919	13,714	13,253	13,285	12,944	12,400	12,219	11,557	10,901	0	0	0
Payable-in-kind (“PIK”) interest payable
12,867	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash reorganization items, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash reorganization items, net
-	-	-	-	-	-	-	-	-453,909	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on restructuring
-41,774	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
12,966	12,440	12,008	11,606	11,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-3,153	-7,097	-5,209	-3,874	-3,501	1,079	-220	1,010	1,047	762	-7,523	-6,911	-2,676	-12,746	-3,093	-3,565	-4,027	-1,478	-1,719	-2,011	-4,569	3,778	3,301	2,756	2,252	3,682	3,662	3,669	3,667	2,375	2,053	1,781	1,495	0	0	0	-	-	-	-	-	-	-	-
Net changes in operating assets and liabilities:
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities, Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,135	-	-2	-2	-2	-2	-2	-2	-2	-2	-2	-2	-2	0	0	0	0	-	-	-	-	-1,583	80	81	12	-1,046	0	0	0
Accounts receivable
-62,452	-30,606	-22,631	8,594	46,276	2,335	-2,972	16,602	14,483	12,944	24,734	15,895	19,635	-8,746	-27,751	-40,329	-65,132	-24,718	-22,622	-24,780	43,116	23,979	9,611	23,945	-16,565	1,488	6,926	-22,055	-62,758	-81,979	-58,311	-28,309	26,910	49,287	20,539	19,446	31,966	-192	18,264	33,169	-14,974	0	0	0
Other current assets
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	0	323	-	34,361	33,355	32,962	20,106	-3,335	1,552	3,557	1,920	5,201	210	-254	-1,180	-832	-730	-7,736	-1,740	1,648	1,418	5,900	4,993	-1,080	-2,111	-5,810	229	1,708	3,519	8,568	-4,268	0	0	0
Other current and non-current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,216	4,074	4,036	1,176	-4,584	-2,868	-2,323	2,905	0	0	0
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-14,744	-	-4,407	7,729	9,435	28,696	48,097	31,140	3,800	-1,400	89,760	50,876	-17,790	-37,964	-168,220	-159,098	-1,316	-15,567	57,355	80,916	45,431	91,982	39,083	45,331	-2,234	-38,079	0	0	0
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,271	-	1,490	-33,655	-26,665	-5,938	-22,191	-12,346	13,144	-32,904	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current assets
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-8,195	-12,151	3,870	-8,302	-13,206	-18,666	-14,421	6,118	34,349	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-15,751	-21,725	-21,697	-8,383	-20,294	-5,985	89,187	43,758	89,935	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production taxes payable
-4,937	819	188	9,219	7,098	9,209	9,850	12,133	7,023	80	392	11,427	-7,944	3,885	-14,018	-1,463	-3,312	13,143	12,107	9,082	15,115	8,071	7,519	-3,950	-7,207	-21,860	-20,179	-11,718	-14,372	-1,502	-2,313	13,588	8,735	0	0	0	-	-	-	-	-	-	-	-
Interest payable
1,251	-18,394	13,588	-13,184	3,889	-177,919	135	-31,947	36,220	231,552	32,437	100,203	57,117	58,254	57,116	41,330	-3,441	23,469	11,232	27,214	14,233	9,484	1,094	7,463	1,772	73	-106	126	-213	-26,558	633	-32,968	3,428	0	0	0	-	-	-	-	-	-	-	-
Other long-term obligations
3,730	9,545	12,508	3,719	2,674	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	433	-95	-1,819	4,835	6,035	15,481	11,213	-9,248	-13,638	0	0	0
Other long-term obligations
-	-	-	-	-	-	-	-	-	-	0	-17,036	-	-22,241	-4,739	-8,982	-5,770	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Current taxes payable/receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,154	-	-2,562	5,646	89	609	-2,875	-10,536	-9,469	-17,507	-89	-674	410	8,046	1,469	3,685	2,551	6,922	4,994	6,557	6,084	3,359	0	0	0	-	-	-	-
Current taxes payable/receivable
5,550	6,431	6,431	6,439	6,844	433	-6,453	-6,461	-11,198	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
302,416	281,268	320,241	309,591	310,897	0	0	0	-	-	-	-	-	-	0	390,049	-	0	0	658,808	-	660,729	610,155	580,353	472,638	501,821	536,310	533,382	654,825	793,575	883,561	1,037,973	1,033,292	940,376	929,926	840,672	824,728	776,016	724,423	629,402	592,641	0	0	0
Investing Activities:
Acquisition Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-403,806	0	0	0	-	-	-	-
Oil and gas property expenditures
241,134	319,351	351,991	384,018	426,166	510,193	582,938	602,169	557,029	466,557	372,829	282,002	269,314	292,662	348,045	438,611	494,025	548,989	595,915	608,404	599,913	528,839	444,451	386,862	370,662	402,830	436,458	543,171	708,017	942,969	1,209,091	1,402,152	1,435,611	1,414,416	1,320,416	1,271,511	1,164,389	1,004,730	851,431	651,339	673,518	0	0	0
Change in capital cost accrual and accounts payable
28,516	5,870	15,582	17,541	27,322	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-	-	0	-158	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of capital assets
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gathering system expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,842	7,215	6,893	6,823	5,510	16,314	39,128	111,764	127,149	164,789	153,875	86,842	83,996	50,539	65,141	75,063	76,703	92,429	80,316	81,906	67,833	0	0	0
Proceeds from sale of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,944	129	129	27	0	-129	-129	-27	0	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Restricted Cash Non Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,257	0	0	0	-	-	-	-
Change in capital cost accrual
-	-	-	-	-	-	-	-	-	-	0	-2,039	-	15,525	23,264	24,224	25,380	25,523	102,357	133,630	125,577	122,163	53,428	20,750	65,975	56,481	50,560	-3,057	-38,338	-83,061	-135,618	-111,940	-125,261	-32,466	1,340	7,909	-19,826	-55,656	-51,781	-29,219	56,327	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	0	3,417	-	-194	-2,694	-3,241	-3,235	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,595	3,183	609	822	1,738	32	3,083	4,820	4,024	0	0	0
Purchase of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,300	0	0	0
Purchase of capital assets
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of capital assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash used in investing activities
-270,152	-337,989	-308,072	-343,303	-401,710	0	0	0	-	-	-	-	-	-	0	-460,103	-	0	0	-1,609,341	-	-2,205,249	-1,157,456	-1,067,886	-1,093,519	-250,779	-302,364	-429,539	-577,223	-1,044,587	-1,246,206	-1,393,140	-1,408,795	-1,434,731	-1,459,713	-1,427,078	-1,529,099	-1,371,878	-1,139,104	-961,901	-820,611	0	0	0
Financing activities:
Borrowings under Credit Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,080,000	-	1,198,000	1,351,000	1,354,000	1,095,000	1,186,000	966,000	887,000	1,006,000	756,000	790,000	843,000	852,000	1,110,000	1,313,000	1,379,000	1,257,000	910,000	921,000	904,000	1,000,000	1,228,000	959,000	856,000	817,000	0	0	0
Payments under Credit Agreement / Term Loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,216,000	1,208,000	1,188,000	1,037,000	920,000	859,000	845,000	823,000	1,056,000	1,027,000	929,000	918,000	788,000	910,000	1,008,000	914,000	923,000	913,000	827,000	1,260,000	1,132,000	1,042,000	1,031,000	827,000	0	0	0
Proceeds from issuance of Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,025,000	500,000	500,000	500,000	235,000	0	0	0
Deferred financing costs
1,440	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-6	0	0	13,075	-	22,275	9,122	9,122	8,958	0	0	0	-	-	-	-	-	-	-	-	4,425	2,265	2,265	2,269	1,283	0	0	0
Repurchased shares/net share settlements
-	-	-	-	-	-	0	11,598	-	9,641	9,960	116	379	326	28	402	2,514	8,603	9,040	9,792	9,111	3,120	2,721	2,082	5,429	5,492	5,687	5,846	6,718	14,223	21,965	39,288	36,298	28,625	20,629	10,006	23,707	35,000	35,000	27,961	11,293	0	0	0
Excess tax benefit from stock based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,427	-4,444	-4,367	1,367	6,212	7,577	7,654	7,311	17,522	25,633	28,239	25,530	14,213	0	0	0
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,049	-17,049	-17,049	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	770	781	679	350	11	0	0	525	1,157	1,430	1,843	8,595	9,928	10,654	10,291	6,136	6,561	5,718	5,737	3,820	1,430	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-48,128	48,162	-11,449	27,422	91,849	0	0	0	-	-	-	-	-	-	0	317,598	-	0	0	976,515	-	1,541,386	545,836	481,146	618,624	-305,704	-243,087	-92,009	-75,988	297,897	371,645	334,808	315,976	499,446	528,156	603,281	760,951	590,086	413,711	324,120	228,067	0	0	0
(Decrease)/Increase in cash during the period
-15,864	-8,559	720	-6,290	1,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash during the period
-	-	-	-	-	-	-	-	-	-	-	202,003	-	317,931	264,075	247,542	-4,778	24,189	289	25,982	-1,745	-3,134	-1,465	-6,387	-2,257	-54,662	-9,141	11,834	1,614	46,885	9,000	-20,359	-59,527	5,091	-1,631	16,875	56,580	-5,776	-970	-8,379	97	0	0	0
Supplemental cash flow disclosures
Supplemental non-cash investing and financing activities
Non-cash investing activities oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,651	12,651	12,651	12,650	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Credit Agreement
Borrowings under Credit Agreement
712,900	949,000	1,001,000	1,061,000	1,020,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under Credit Agreement / Term Loan
752,200	885,000	1,000,000	1,023,000	916,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-