Us energy corp (USEG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income (loss)

-550

-1,040

-1,361

-14,120

-92,896

-2,091

-7,379

-11,245

-4,807

-772

-8,178

Loss from discontinued operations

-

-

-

-2,448

-25,612

-3,108

-2,864

-

-

-

-

(Gain) loss from discontinued operations includes non-cash impairment of $-0-, $-0-, and $1,891

-

-

-

-

-

-

-

1,794

2,629

1,314

526

Loss from continuing operations

-

-

-

-11,672

-67,284

-

-

-9,451

-2,178

542

-8,704

Loss from continuing operations

-

-

-

-

-

1,017

-4,515

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, depletion, accretion, and amortization

828

526

890

2,529

8,557

14,833

13,772

-

-

-

-

Impairment of equity investment

-

-

-

-

-

-

-

0

0

-

-

Impairment of corporate aircraft

-

-

-

-

-

-

-

2,299

0

0

-

Gain on sale of marketable securities

-

-

-

-

-

-

-

82

-

-

-

Gain on sale of marketable securities

-

-

-

-

-

-

-

-

529

438

0

Losses related to equity method investment

-

-

-

-

-

-

-2,264

-359

-211

1,014

-1,374

Gain on sale of assets

-

-

-

102

121

112

760

-

-

-

-

Debt issuance cost amortization

7

12

37

-

-

-

-

-

-

-

-

Gain (loss) on marketable equity securities

-229

-339

777

-

-

-

-

-

-

-

-

Debt amortization

-

-

-

0

0

-

-

-

-

-

-

Depreciation, depletion & amortization

-

-

-

-

-

-

-

15,457

14,593

11,184

4,135

Change in fair value of commodity derivative

-

161

-161

-

-

-

-

1,070

1,126

-1,725

0

Warrant revaluation (loss) gain

-352

-775

170

-210

0

-

-

-

-

-

-

Bad debt expense

28

374

-

-

-

-

-

-

-

-

-

Accretion of discount on treasury investment

-

-

-

-

-

-

-

-

-

78

183

Impairment of oil and gas properties

-

-

-

9,568

57,676

0

5,828

5,189

0

0

1,468

Change in fair value of commodity derivative contracts

-

-

-

-1,634

1,634

266

-737

-

-

-

-

Interest change in major operator

-

-

141

1,476

0

0

-

-

-

-

-

Gain on sale of oil and natural gas properties

-

-

4,318

0

0

-

-

-

-

-

-

Loss on debt for equity conversion

-

-

-4,440

0

0

-

-

-

-

-

-

Net change in deferred income taxes

-

-

-

-

-

-

-

-60

-3,990

-1,533

-2,207

Gain on sale of assets

-

-

3

-

-

-

-

-12

137

115

-43

Stock-based compensation

41

636

323

213

948

527

384

518

1,604

1,710

1,935

Right of use asset amortization

48

-

-

-

-

-

-

-

-

-

-

Gain on Warrants

-

-

-

-

-

0

-

-

-

-

-

Other

-

-3

-36

372

110

-585

-132

-

-

-

-

Changes in operating assets and liabilities:
Decrease (increase) in:
Oil and natural gas sales receivable

49

10

125

-580

-2,034

2,571

1,619

-

-

-

-

Transaction deposit

-

-

-250

-

-

-

-

-

-

-

-

Other assets

-231

108

-91

-86

-63

-165

-8

-

-

-

-

Increase (decrease) in:
Accounts payable and related party payable

-

-

-76

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

100

-283

-

-

-

-

-

-

-

-

-

Noncash services

-

-

-

-

-

-

-

69

6

66

65

Accounts payable

-

-

-

-1,050

1,126

909

3,617

-476

-3,368

-498

71

Major operator overpayments

-

-

-

0

1,429

-

-

-

-

-

-

Oil and gas operator overpayments

-

-

-

-

-

-3,983

0

-

-

-

-

Accrued compensation and benefits

129

-3

11

-1,133

-188

-436

172

-336

-1,194

6

1,000

Payments on operating lease liability

-52

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

0

8

-39

123

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

53

29

149

-510

Net cash (used in) provided by operating activities

638

-490

-892

-1,405

2,504

23,737

20,143

13,139

2,567

11,395

980

Cash flows from investing activities:
Oil and natural gas capital expenditures

376

1,301

299

-

-

-

-

-

-

-

-

Settlement of asset retirement obligations

-

-18

-

-

-

-

-

-

-

-

-

Proceeds from sale of oil and natural gas properties

75

-

2,000

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-315

1,493

174

2,858

Income tax receivable

-

-

-

-

-

-

-

-113

9

-249

-5,543

Other current assets

-

-

-

-

-

-

-

-230

-148

386

192

Overpayment by operators

-

-

-

-

-

-

-

0

-

-

-

Purchase of property and equipment

-

11

-

194

3,620

31,044

20,799

-

-

-

-

Payment received on notes receivable

20

20

-

-

-

-

-

-

-

-

-

Net redemption of treasury investments

-

-

-

-

-

-

-

-

17,843

4,293

29,277

Cash distributions from Standard Steam

-

-

-

-

-

-

-

-

-

1,138

-877

Acquisition & development of real estate

-

-

-

-

-

-

-

-

-

-

3

Acquisition and development of oil and gas properties

-

-

-

-

-

-

-

42,311

50,265

45,933

17,498

Acquisition & development of mining properties

-

-

-

-

-

-

-

-

221

123

1

Mining property option payment

-

-

-

-

-

-

-

-

-354

-1,000

-2,000

Acquisition of property, plant and equipment

-

-

-

-

-

-

-

102

42

624

277

Proceeds from sale of oil and gas properties and other

-

-

-

0

264

11,624

2,628

21,475

13,574

0

0

Proceeds from settlement of property litigation

-

-

-

0

1,500

0

0

-

-

-

-

Net change in restricted investments

-

-

-

0

-1,291

122

48

-

-

-

-

Net cash used in investing activities:

-281

-1,310

1,701

-194

-565

-19,542

-18,219

-20,877

-17,775

-39,835

17,283

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

101

846

602

0

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

76

147

142

11

Net change in restricted investments

-

-

-

-

-

-

-

116

11

330

-4,651

Cash flows from financing activities:
Payment on credit facility

937

600

23

-

-

-

-

-

-

-

-

Issuance of common stock, net of fees

-

1,666

-27

1,317

0

0

-

51

-146

294

24,516

Shares repurchased for employee tax withholding

-

203

-

-

-

-

-

-

-

-

-

Payments on insurance premium finance note payable

228

-

-

-

-

-

-

-

-

-

-

Redemption of common stock

-

-

-

3

29

55

0

-

-

-

1,399

Proceeds from debt financings

-

-

-

-

-

8,000

2,000

-

-

-

-

Principal payments under debt financings

-

-

-

-

-

11,000

12,821

-

-

-

-

Payments for debt issuance costs

-

-

-

103

125

0

0

-

-

-

-

Net cash used in financing activities

-1,165

863

-50

1,211

-154

-3,055

-10,821

-2,433

21,558

94

5,267

Net decrease in cash and equivalents

-808

-937

759

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-448

-2,440

-2,985

-2,728

122

767

779

1,572

Net cash used in investing activities

-

-

-

0

-1

0

14,655

0

-55

-24

-133

Net cash used in discontinued operations

-

-

-

-448

-2,441

-2,985

11,927

122

712

-

-

Proceeds from new debt

-

-

-

-

-

-

-

10,000

33,069

0

0

Tax benefit from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

38

Repayments of debt

-

-

-

-

-

-

-

-12,484

-11,365

-200

-17,888

Net decrease in cash and equivalents

-

-

-

-836

-656

-1,845

3,030

-10,049

7,062

-27,591

24,969

ARO and Mining properties disposal

-

-

-

-

-

0

-

-

-

-

-

Net Non-cash activities

-

-

-

-

-

0

-

-

-

-

-

Supplemental disclosures of cash flow information and non-cash activities:
Cash payments for interest

11

119

451

442

210

-

-

-

-

-

-

Cash payments for income taxes

-

-

-

0

0

-

-

-

-

-

-

Investing activities:
Change in capital expenditure accruals

176

196

48

-

-

-

-

-

-

-

-

Exchange of undeveloped acreage for oil and gas properties

379

-

-

-

-

-

-

-

-

-

-

Additions to asset retirement obligations

-

-

3

-

-

-

-

-

-

-

-

Increase (decrease) in accrued capital expenditures for oil and gas properties

-

-

-

112

-112

-2,565

142

-

-

-

-

Asset retirement obligations assumed by purchaser

130

-

-167

-1

0

-

-

-

-

-

-

Adoption of lease standard

252

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

14

19

-

-

-

-

-

-

-

-

-

Reclassification of assets classified as held-for-sale at December 31, 2017 to other assets

-

653

-

-

-

-

-

-

-

-

-

Financing activities:
Financing of insurance premiums with note payable

228

-

-

-

-

-

-

-

-

-

-

Income tax paid

-

-

-

-

-

0

0

0

0

-353

-5,753

Interest paid

-

-

-

-

-

385

274

179

290

22

39

Unrealized loss on marketable securities

-

-

-

-55

56

-

-

101

78

642

386

Fees incurred during equity for debt conversion and common stock sales agreement

-

-

-

0

0

-

-

-

-

-

-

Debt Long Term to Short Term

-

-

-

0

0

-

-

-

-

-

-

Payable to major operator forgiven

-

-

3,999

0

0

-

-

-

-

-

-

Issuance of preferred stock in disposition of mining segment

-

-

-

-

-

-44

113

-

-

-

-

Unrealized gain (loss) on marketable equity securities

-

-

-

-55

56

-

-

101

78

642

386

Net additions to oil and gas properties through asset retirement obligations

-

-

-

0

61

281

131

-

-

-

-

Acquisition and development of oil and gas properties through accounts payable

-

-

-

-

-

-

-

6,202

2,092

8,983

5,522

Increase in oil and gas properties through asset retirement obligations

-

-

-

-

-

-

-

142

186

75

58

Income tax paid

-

-

-

-

-

-

-

-

-

-353

-5,753