Whiting petroleum corp (WLL)
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

-3,628,571

-147,487

-19,067

-5,687

-68,925

203,962

121,400

2,120

15,012

-798,278

-286,432

-65,981

-86,971

-173,265

-693,055

-301,046

-171,758

-98,727

-1,865,118

-149,295

-106,128

-353,693

157,961

151,426

109,051

-59,276

204,091

134,944

86,244

81,689

83,113

150,851

98,446

62,830

206,235

203,149

19,414

66,193

58,532

125,317

86,611

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

183,968

204,322

211,025

203,009

198,132

197,110

197,006

199,294

187,919

275,651

212,846

220,035

240,407

270,705

284,569

304,016

312,292

321,216

316,147

322,411

283,519

300,113

285,658

268,509

235,265

247,381

219,530

223,446

201,159

188,428

179,587

160,589

156,120

127,335

122,890

110,250

107,728

104,061

97,704

94,583

97,549

Deferred income tax benefit

-3,746

73,593

0

23,482

-24,855

-

-

-

-

-162,054

-239,137

-36,911

-37,586

-262,742

357,438

-109,983

-65,169

-48,184

-594,425

-77,311

-53,950

-185,525

94,147

92,562

75,361

-15,730

93,976

75,538

51,098

49,713

51,975

89,320

57,573

36,110

125,164

112,804

10,760

40,336

36,057

71,845

51,573

Amortization of debt issuance costs, debt discount and debt premium

4,536

4,633

7,973

7,916

7,818

7,724

7,634

7,537

7,805

8,788

7,705

7,617

7,605

263,180

33,439

17,581

21,369

13,467

13,230

17,829

1,999

2,641

2,001

1,982

5,360

4,605

2,850

2,515

2,435

2,467

2,360

2,351

2,340

2,325

2,116

2,114

2,127

2,067

2,801

2,858

2,866

Stock-based compensation

2,068

2,635

-3,531

3,966

4,651

2,426

4,147

1,533

4,563

2,590

6,298

6,822

5,931

6,135

6,482

6,486

6,544

7,312

7,305

6,826

6,655

6,181

6,031

4,314

6,732

5,606

5,198

4,904

6,728

4,692

4,680

4,575

4,243

3,423

3,459

3,463

3,164

2,286

2,195

2,146

2,244

Amortization of deferred gain on sale

2,037

2,106

2,266

2,326

2,371

2,655

2,870

2,925

2,904

3,206

3,175

3,240

3,342

3,459

3,490

3,772

3,849

3,511

3,666

3,738

5,836

7,588

7,689

7,473

7,744

8,057

7,750

7,954

7,976

8,177

8,636

8,892

3,753

3,482

3,518

3,570

3,367

4,000

3,854

4,022

3,737

(Gain) loss on sale of properties

864

-283

-595

-1,063

-23

-233

-230

1,090

-2,576

-63

-398,752

-1,024

-1,274

9,162

-189,934

-1,861

-1,934

1,146

-359

-64,776

3,198

15,352

-50

1,796

10,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and gas property impairments

3,745,092

2,137

2,550

3,336

9,843

19,676

7,302

8,260

10,050

855,583

10,624

18,943

14,703

29,716

15,546

15,388

14,972

17,148

1,669,607

25,136

26,417

713,655

17,941

18,046

17,985

302,325

18,666

19,050

18,414

62,085

13,544

14,392

17,834

13,863

9,478

7,804

7,638

14,471

4,354

3,857

3,843

Exploratory dry hole costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,573

68

258

541

22,355

350

70

3,552

-

-

-

-

16,288

1,885

4

251

210

417

1,395

2,902

1,023

199

587

2,010

Gain on extinguishment of debt

25,883

-

-

-

-

0

0

-808

-31,160

0

0

0

-1,540

0

46,541

-179,396

90,619

-12,727

0

-45

-5,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Production Participation Plan liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,636

-8,312

-10,798

7,723

4,407

7,625

6,217

-953

935

-3,925

853

2,650

-443

2,541

3,858

4,747

945

Non-cash derivative (gain) loss

199,550

-56,398

20,143

22,064

-64,435

176,416

41,346

-50,104

-27,827

-73,192

-35,465

15,575

-38,047

-49,051

-10,686

-31,491

-59,923

33,446

152,564

-143,676

-40,719

77,126

25,083

-20,951

-23,793

21,570

-11,354

36,778

-26,164

23,970

-1,607

107,916

-14,546

-87,954

142,477

132,115

-123,545

-41,477

-23,023

75,016

30,220

Payment for settlement of commodity derivative contract

-

-

-

-

-

0

0

0

61,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-805

2,493

2,351

-2,664

-828

6,604

290

1,576

-1,764

2,247

2,113

-262

5,157

5,453

704

163

3,865

4,423

1,784

2,090

1,040

1,057

4,768

2,164

1,041

8,009

-1,250

3,159

6,200

4,397

1,063

7,395

5,853

5,227

3,330

4,140

815

-482

2,208

3,079

-792

Changes in current assets and liabilities:
Accounts receivable trade, net

-62,289

20,267

2,263

13,588

-11,775

-21,348

28,299

18,025

-13,405

59,560

13,838

26,784

10,697

-35,794

-23,189

-25,733

-70,700

-19,026

-99,675

-50,621

-38,045

-129,976

-10,939

86,361

36,936

-20,335

15,720

13,996

13,531

-27,087

51,680

-191

31,348

31,573

19,005

-32,079

44,303

17,358

13,246

62

16,965

Prepaid expenses and other

22,624

-2,167

-1,545

-1,275

-2,178

-608

-2,434

-2,659

1,675

-5,997

2,028

-331

4,744

8,477

-3,858

-6,340

1,135

-8,240

-10,542

9,282

-44,527

53,296

-16,577

-1,528

15,161

14,539

-9,296

2,359

8,379

-1,871

-2,288

-3,807

5,431

3,832

-5,923

-1,999

7,861

2,750

-1,696

-2,098

4,431

Accounts payable trade and accrued liabilities

-55,561

58,514

-38,658

39,272

-19,011

-20,622

-12,987

40,435

4,542

43,928

-27,885

25,218

-66,214

41,805

-37,821

-22,699

-44,059

-57,955

51,454

-91,319

-19,316

13,101

-88,953

78,843

-89,471

51,316

37,024

4,405

-59,385

-21,878

68,949

-14,922

26,498

47,134

-25,859

8,152

3,708

17,199

45,903

6,589

-3,028

Revenues and royalties payable

-9,629

1,836

13,527

-8,647

-32,990

43,941

4,109

18,025

-9,324

40,581

-388

-10,668

-5,726

9,151

8,988

5,144

-55,468

1,393

-45,663

16,835

-46,982

-8,049

-9,503

16,731

-1,142

3,181

34,723

20,547

-9,463

12,530

20,752

-3,157

15,673

-291

3,750

24,845

-6,534

6,576

10,955

10,630

7,636

Taxes payable

-13,080

4,102

-5,346

-247

-3,022

-7,137

5,286

3,254

1,183

5,675

2,649

-10,100

-9,000

-6,321

-1,234

5,213

-5,864

-15,633

-1,760

10,619

-9,422

-20,340

1,981

14,237

5,216

-11,683

16,958

5,595

5,899

-9,097

7,281

-1,014

4,918

-2,944

2,945

4,511

-3,608

1,888

5,930

842

443

Net cash provided by operating activities

37,213

235,035

138,992

233,424

148,509

284,967

263,756

310,413

232,867

286,703

99,343

110,993

80,070

236,755

151,321

160,986

45,948

150,136

373,120

325,997

202,139

465,996

457,640

567,769

323,897

490,618

513,896

442,617

297,614

383,270

382,760

282,193

352,992

328,329

275,536

374,163

214,055

277,022

280,134

243,586

196,547

Drilling and development capital expenditures

146,299

168,658

199,358

236,501

188,848

234,235

200,290

206,611

172,845

213,799

293,349

190,882

132,522

104,414

75,958

98,097

260,739

308,537

419,285

711,422

1,015,974

796,499

720,258

729,673

596,407

679,840

560,127

573,162

536,690

540,447

530,060

486,712

492,810

476,666

417,599

375,254

284,752

265,350

209,682

154,830

109,185

Acquisition of oil and gas properties

350

76

1,448

3,684

823

2,296

131,898

5,424

3,105

2,977

3,752

13,111

1,589

1,113

1,820

1,382

403

3,431

4,616

9,356

11,046

-12,531

13,585

10,823

33,696

28,926

302,377

76,733

14,887

22,304

13,120

43,120

46,738

-39,712

70,180

71,816

91,525

82,473

68,293

18,436

15,527

Other property and equipment

985

-1,074

-708

2,138

6,095

553

-1,695

-132

2,370

1,225

2,199

772

400

2,511

2,240

2,438

2,066

6,143

-1,604

3,818

4,909

21,048

24,232

10,201

24,474

972

6,149

8,485

29,698

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of properties

27,453

5,262

51,294

15,145

299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of oil and gas properties

-

-

-

-

-

-

-

-

873

-

537,886

639

377,651

9,064

296,127

5,219

2,945

176,307

26,879

301,309

10,319

24,348

348

8,129

75,023

-

-

-

-

-

-

-

2,922

-

67,512

1,713

21

1,327

33

7,635

207

Net proceeds from sale of 18,400,000 units in Whiting USA Trust II

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

323,574

-

-

-

-

-

-

-

-

Issuance of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

526

7,688

2,316

-

-

-

-

0

0

0

25,000

-

-

-

-

Cash paid for investing derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

44,900

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

269

269

269

269

270

269

269

269

269

270

269

5,391

5,390

5,391

Net cash used in investing activities

-120,181

-162,398

-148,804

-227,178

-195,467

-235,622

-315,132

-224,853

-177,447

-204,203

238,586

-204,126

243,140

-81,724

216,109

-96,698

-260,263

-141,804

-395,418

-423,287

-1,021,610

-780,668

-757,727

-742,568

-579,554

-560,744

-138,674

-574,590

-628,491

-559,160

-543,223

-464,883

-213,052

-493,156

-420,267

-445,357

-401,256

-346,496

-277,942

-165,631

-124,505

Borrowings under credit agreement

1,185,000

670,000

820,000

590,000

570,000

542,000

710,000

512,265

450,000

270,000

480,000

490,000

660,000

260,000

300,000

350,000

400,000

1,100,000

450,000

400,000

1,600,000

-

-

-

-

0

560,000

650,000

650,000

590,000

600,000

630,000

520,000

380,000

470,000

440,000

470,000

300,000

610,000

110,000

130,000

Repayments of borrowings under credit agreement

490,000

660,000

495,000

590,000

530,000

592,000

660,000

602,265

360,000

470,000

830,000

390,000

760,000

360,000

650,000

350,000

200,000

300,000

450,000

400,000

3,000,000

-

-

-

-

0

2,210,000

500,000

350,000

390,000

420,000

450,000

660,000

200,000

330,000

360,000

290,000

200,000

540,000

180,000

190,000

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

61,148

1,050,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 1.25% Convertible Senior Notes due 2020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,250,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 6.625% Senior Notes due 2026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

750,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of 6.5% Senior Subordinated Notes due 2018

-

-

-

-

-

-

-

-

-

0

0

0

275,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of 1.25% Convertible Senior Notes due 2020

52,890

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of 5.75% Senior Notes due 2021

-

-

-

-

-

-

-

0

990,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance and extinguishment costs

-

-

-

-

-

0

90

9,462

1,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,955

2,514

72

-

-

-

-

3,310

0

2,370

11

-

-

-

-

Restricted stock used for tax withholdings

304

134

3

0

3,693

680

960

0

3,104

1,143

0

53

4,885

135

0

35

674

15

0

56

1,055

312

0

267

11,073

97

0

114

5,400

0

0

38

5,657

0

1

104

8,944

0

24

97

5,558

Debt and equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,439

8,057

3

41

125

5,133

49,162

10,393

47

4,453

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of tax sharing liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

26,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

129

2,919

424

1,104

165

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on finance lease obligations

1,217

1,250

1,368

1,258

1,264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

640,589

-63,985

3,132

-1,258

35,043

-49,925

48,950

-99,462

-904,284

785,707

-350,000

99,947

-380,006

-100,135

-364,439

-50,011

199,323

-30,010

-125

51,529

847,286

364,719

101,057

-4,555

-37,366

-255,993

627,045

147,103

294,259

194,615

179,731

179,672

-145,926

174,550

139,730

77,257

173,275

85,215

-14,502

-75,487

-70,949

NET CHANGE IN CASH AND CASH EQUIVALENTS

557,621

8,652

-6,680

4,988

-11,915

-580

-2,426

-13,902

-848,864

868,207

-12,071

6,814

-56,796

54,896

2,991

14,277

-14,992

-21,678

-22,423

-45,761

27,815

50,047

-199,030

-179,354

-293,023

-326,119

1,002,267

15,130

-36,618

18,725

19,268

-3,018

-5,986

9,723

-5,001

6,063

-13,926

15,741

-12,310

2,468

1,093

Contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,500

-

-

-

-

NONCASH INVESTING ACTIVITIES
Accrued capital expenditures and accounts payable related to property additions

88,424

-61,207

25,197

-1,729

123,827

1,478

1,783

-5,872

92,969

-66,322

14,568

25,611

106,905

2,636

4,021

-20,961

79,356

-31,788

-63,511

-9,313

198,717

203,633

10,261

5,943

210,133

-74

49,069

432

109,312

-1,474

2,502

-12,334

121,969

30,301

16,521

-1,269

97,274

11,107

17,524

17,473

38,685

Leasehold improvements paid for by third party lessor under office lease agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,833

-

-

-

-