Cimarex energy co (XEC)
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'10Dec'09Sep'09Jun'09Mar'09
Cash flows from operating activities:
Net (loss) income

-774,282

-300,771

40,527

109,309

26,316

316,182

148,354

140,997

186,318

174,696

91,399

97,262

130,972

47,783

-10,673

-214,454

-231,459

-801,164

-763,284

-600,215

-414,941

95,086

144,315

148,640

138,457

206,827

138,370

129,565

89,927

99,152

84,262

64,302

106,107

116,869

128,152

166,749

118,162

117,585

128,216

124,620

204,361

104,645

38,705

38,807

-494,100

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Impairment of oil and gas properties

333,651

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

0

105,593

333,291

318,786

1,281,760

1,180,649

967,287

603,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,224

2,910

6,343

795,562

Depreciation, depletion, and amortization

215,086

250,451

227,978

213,327

190,417

177,924

136,302

143,388

132,859

130,935

111,396

107,884

95,816

89,349

90,277

102,086

110,636

111,577

185,654

217,451

216,778

187,298

219,359

194,989

173,931

173,023

159,182

147,231

136,438

138,430

135,987

121,237

118,262

110,907

104,681

89,847

85,026

82,661

78,705

73,146

69,710

59,908

59,240

56,885

89,666

Asset retirement obligation

4,724

2,186

2,194

2,157

2,049

2,136

1,893

2,053

1,060

11,547

1,497

960

1,620

1,747

2,033

1,750

2,298

2,728

2,615

2,042

1,736

1,794

1,420

3,650

3,218

909

1,797

2,884

2,399

3,541

3,512

2,441

3,525

3,228

3,578

2,707

1,938

1,836

1,201

1,641

2,644

3,648

4,024

2,096

2,545

Impairment of goodwill

714,447

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Tax Expense (Benefit)

-16,357

-84,100

15,079

34,046

8,073

90,465

43,083

42,783

56,949

2,311

51,239

58,617

78,312

45,082

-3,944

-122,361

-132,063

-472,175

-443,469

-342,056

-228,739

55,233

84,707

87,758

81,745

118,085

81,823

76,616

53,176

57,568

49,568

38,137

62,943

68,636

120,930

98,358

69,698

78,934

88,375

40,313

84,990

55,832

13,528

35,632

-269,752

Stock compensation

6,394

6,394

6,797

6,494

6,713

6,633

6,437

3,095

6,730

6,637

7,038

6,293

6,288

5,741

5,764

7,490

5,528

4,679

4,737

4,988

5,155

4,126

3,603

3,548

3,724

3,820

3,347

3,507

3,605

4,400

8,301

4,684

4,534

4,987

4,595

4,617

4,750

3,341

3,241

2,993

2,778

2,423

2,477

2,097

2,257

(Gain) loss on derivative instruments, net

226,940

-40,901

38,735

40,768

-115,452

157,505

-54,006

-21,699

4,159

-29,051

-16,109

22,509

43,861

-32,699

9,758

-33,236

428

-

-

-

-

12,722

9,229

-2,454

-15,735

-1,442

-10,824

13,660

-1,603

-416

-5,329

10,078

-4,088

2,786

5,373

22,441

-20,278

-29,058

881

-13,281

52,056

6,704

-17,532

-3,727

102

Settlements on derivative instruments

43,114

-12,013

1,696

6,237

-9,051

-4,011

-499

-7,530

-12,389

1,109

2,975

343

-6,060

17,155

-791

-3,859

-5,068

-

-

-

-

-1,626

-211

-1,017

-4,787

244

-6,097

2,491

-726

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

0

0

0

0

-4,250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discounts

784

-

783

783

719

-

727

727

729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in non-current assets and liabilities

-2,410

167

5,379

-601

-2,148

535

1,957

-1,613

900

253

-1,068

-57

-1,019

254

-1,573

-685

-1,863

-6,887

-13,401

-1,896

-1,046

567

-563

-1,771

4,207

150,317

-3,312

-2,416

-3,374

4,805

-2,815

-2,876

-2,239

-699

840

-1,821

-2,738

-2,265

-4,893

-2,513

-3,101

39,725

-42,794

-1,453

-4,426

Other, net

-3,390

-5,577

-910

-4,176

-3,976

954

-336

-686

-37

-1,047

-1,185

-1,717

-1,728

1,126

-287

-1,282

-1,362

-712

-218

-965

-2,311

1,444

4,779

-1,319

-1,076

-1,436

-1,431

3,289

-1,173

-1,374

-1,399

-697

-1,258

-923

-1,081

-1,705

-2,030

9,462

-6,970

1,387

-2,321

-32,160

470

6,068

7,144

Changes in operating assets and liabilities:
Accounts receivable

-119,605

15,055

37,509

-83,716

-33,976

-17,193

26,784

29,710

-44,722

57,236

67,776

16,483

44,662

47,617

-2,604

37,474

-33,147

-34,916

-59,310

-20,076

-72,397

-27,958

-18,611

46,173

35,529

-23,351

33,071

24,484

30,576

-32,037

83,436

-109,978

2,144

16,403

49,778

-15,527

-2,022

79,022

14,413

-49,544

39,495

54,163

-7,738

10,925

-87,231

Other current assets

24

2,879

-2,901

1,111

-350

6,378

-2,535

-283

-1,603

-1,441

8,268

8,139

2,965

2,154

-5,706

-5,346

-11,982

-8,320

-13,513

-6,227

-9,894

-682

6,928

2,410

16,772

-4,435

5,041

-5,697

-9,143

4,554

-13,673

4,979

-69

-1,857

-40,430

6,689

3,005

-34,219

16,556

1,908

-18,495

-32,490

-43,404

2,256

23,744

Accounts payable and other current liabilities

-117,211

-38,244

-6,047

-4,975

-135,297

-45,786

89,041

1,162

-30,466

39,456

43,143

1,115

31,307

16,092

32,749

17,645

-41,315

-19,780

-45,375

-21,289

-156,063

-23,705

50,770

27,216

-8,567

345

15,085

-4,814

-23,910

29,057

39,806

-22,469

-48,989

25,124

-15,024

21,613

-38,360

-29,683

48,597

-34,377

6,900

45,157

38,478

-28,137

-118,577

Net cash provided by operating activities

308,791

359,809

320,074

413,992

250,091

393,181

453,474

321,246

383,093

340,759

251,005

255,286

249,514

185,061

223,002

132,381

85,405

149,182

206,001

257,372

113,173

347,395

502,201

421,745

348,024

383,600

370,962

322,708

247,078

356,616

261,216

323,040

251,892

320,752

332,432

373,814

265,277

243,764

314,408

273,153

299,107

209,531

271,300

111,790

82,556

Cash flows from investing activities:
Acquisition of Resolute Energy, net of cash acquired (Note 13)

0

0

0

0

284,441

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and gas capital expenditures

266,070

249,417

288,623

379,015

332,742

415,099

500,677

327,352

323,455

331,177

319,777

270,331

311,841

214,444

160,056

148,663

176,395

208,015

171,807

228,116

371,106

477,321

492,390

718,499

420,040

406,733

389,417

385,469

390,669

480,965

423,134

357,645

400,963

409,483

453,375

389,119

310,182

268,215

264,595

223,259

203,682

145,200

97,366

95,193

197,549

Sales of oil and gas assets and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,053

1,180

-

-

1,270

104

-

-

-

975

-

-

-

1,322

-

91,191

8,609

12,037

-27,806

4,741

28,850

55

-28,229

19,993

14,739

3,824

Sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,098

307

923

Other capital expenditures

26,425

14,658

18,894

22,313

17,828

28,422

18,925

37,056

19,056

14,020

13,123

10,127

8,082

-1,785

6,239

8,297

9,477

12,507

22,203

17,034

18,848

13,827

25,383

31,547

19,854

17,256

9,182

5,952

19,523

22,074

16,826

15,787

10,300

26,592

17,161

28,383

24,506

12,941

24,133

6,986

7,822

10,718

10,404

2,760

7,967

Sales of oil and gas assets

830

398

15,314

8,233

5,000

7,285

538,525

5,018

29,824

3,544

-1,027

4,262

4,901

2,474

6,383

-341

12,971

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of other assets

181

245

425

234

200

2,782

465

93

432

391

116

349

45

2,171

5,494

136

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by investing activities

-291,484

-263,432

-291,778

-392,861

-629,811

-433,454

19,388

-359,297

-312,255

-341,262

-333,811

-275,847

-314,977

-208,014

-154,418

-157,165

-172,813

-218,891

-163,843

-237,097

-388,774

-492,642

-59,259

-748,776

-439,790

-399,784

-375,204

-346,832

-409,217

-203,134

-428,924

-373,073

-409,941

-422,720

-275,182

-408,893

-322,651

-280,727

-283,987

-201,395

-211,449

-74,739

-85,679

-82,907

-200,769

Cash flows from financing activities:
Borrowings of long-term debt

101,000

380,000

529,000

528,000

1,182,310

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

101,000

380,000

529,000

528,000

1,553,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Call premium, financing, and underwriting fees

-

-

-

-

-

-

-

-

-

-

159

29,009

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net bank debt borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-275,000

101,000

24,000

8,000

22,000

120,000

-80,000

80,000

-222,000

167,000

-

-

-

-

0

0

0

-25,000

-131,000

-183,000

-6,000

125,000

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,908

-

8,463

216

1,489

1,023

7,646

1,139

1,625

828

2,591

2,749

4,243

9,830

1,896

14,623

2,409

-

-

-

-

Financing, underwriting, and debt redemption fees

100

-

7

853

10,938

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease payments

1,465

1,138

1,176

920

635

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing costs incurred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

34

17,959

2

Dividends paid

21,593

21,579

21,483

21,468

17,179

17,205

15,237

15,199

7,602

7,789

7,590

7,576

7,577

7,781

7,588

7,551

15,104

15,070

15,082

14,182

13,947

13,917

13,910

13,879

12,143

12,142

12,122

12,092

10,356

10,378

10,330

10,293

8,576

8,583

8,583

8,566

6,849

6,837

6,827

6,766

5,069

5,049

5,047

5,036

5,040

Employee withholding taxes paid upon the net settlement of equity-classified stock awards

165

2,823

1,752

0

654

5,732

5,464

641

305

14,032

6,422

277

938

15,167

7,375

3,737

345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

0

0

593

594

80

30

962

904

345

168

190

0

36

181

3,336

1,173

114

-11,941

15,456

318

4,618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-23,323

-25,540

-23,825

-22,647

-400,016

-23,007

-19,739

-14,936

-7,562

-21,771

-13,981

-38,752

-8,505

-22,867

-11,627

-10,116

-15,335

-50,221

274

715,673

-9,329

-12,548

-7,840

451,056

91,765

16,184

4,241

10,124

111,133

-89,355

76,187

142,559

160,049

47,214

-13,240

-5,917

-2,606

2,993

-24,382

7,757

-27,660

-135,210

-185,619

-28,881

119,958

Net change in cash and cash equivalents

-6,016

70,837

4,471

-1,516

-779,736

-63,280

453,123

-52,987

63,276

-22,274

-96,787

-59,313

-73,968

-45,820

56,957

-34,900

-102,743

-119,930

42,432

735,948

-284,930

-157,795

435,102

124,025

-1

0

-1

-14,000

-51,006

64,127

-91,521

92,526

2,000

-54,754

44,010

-40,996

-59,980

-33,970

6,039

79,515

59,998

-418

2

2

1,745