ZION OIL & GAS INC ZN Cash Flow

Zion oil & gas inc (ZN)
CashFlow / TTM

Mar'20	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
Cash flows from operating activities
Net loss
-6,131	-6,693	-36,902	-34,502	-34,430	-38,511	-6,892	-9,135	-12,865	-9,989	-11,575	-11,837	-10,336	-8,513	-7,562	-7,841	-6,449	-7,306	-8,089	-7,336	-6,901	-6,756	-8,142	-8,133	-8,100	-9,077	0	0	0
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation
52	49	50	50	54	56	58	58	53	49	45	47	51	56	61	61	60	61	62	67	74	80	86	88	88	86	0	0	0
Interest paid through issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Write-off of costs associated with public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Capital gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	10	10	53	53	43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0
Cost of options issued to employees, directors and others as non-cash compensation
357	316	253	294	574	1,507	1,481	1,338	1,382	2,468	2,559	2,676	4,735	2,873	3,299	3,838	1,693	1,699	0	0	0	-	-	0	0	-	-	-	-
Interest and foreign exchange on short term and long term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	15	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount related to convertible bonds
377	366	377	427	393	385	388	266	342	325	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and finance expense accrued on convertible bonds and amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on derivative liability
610	216	811	4,169	4,677	1,521	0	0	0	-	-	-	1,004	731	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of unproved oil and gas properties
-	314	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of unproved oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,289	0	0	0
Change in assets and liabilities, net:
Share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cost of options issued to employees, directors & others
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other deposits
-150	-83	-96	-327	-383	-260	-240	-196	269	540	0	0	264	-	13	2	17	0	-24	-34	-43	-25	0	0	0	-	-	-	-
Decrease in inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Prepaid expenses and other
254	50	-13	-2	-12	27	50	-85	-130	87	54	183	215	-13	-13	34	105	80	9	-8	-78	-14	-238	-193	15	-100	0	0	0
Governmental receivables
4	-327	-365	-549	-556	-876	628	-67	416	1,175	60	633	-70	-185	-240	104	302	193	256	-122	-207	136	72	-166	239	-562	0	0	0
Lease obligation - current
30	239	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease obligation - non current
-187	450	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of Use Lease Assets
-148	634	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables
282	69	78	-29	-15	20	-1,173	69	73	51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance pay
-	-15	0	0	0	-	5	10	4	2	-5	13	10	21	24	8	-1	-3	2	-3	7	-7	3	-4	-7	-52	0	0	0
Accounts payable
-35	-173	-127	119	155	75	290	-96	23	15	-246	127	-16	-181	149	-110	13	261	1	46	-272	-8	-57	-77	226	2	0	0	0
Interest on short term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Asset retirement obligation
42	32	0	0	0	-	-	-	-	-	-	-	-	-4	-245	-299	52	41	166	208	-162	-320	-572	-712	-559	-387	0	0	0
Accrued liabilities
-261	-135	0	0	0	-	239	89	99	-38	-4	183	64	-411	-1,396	-1,301	-1,291	62	500	294	60	-464	-49	-65	119	-104	0	0	0
Net cash used in operating activities
-6,469	-5,809	-6,088	-5,924	-5,908	-5,833	-5,771	-6,231	-6,795	-8,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in deferred officers' compensation (net)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6,346	-	-5,613	-5,242	-5,661	-6,443	-6,475	-6,366	-6,221	-4,648	0	0	0
Cash flows from investing activities
Redemption of short-term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-28	-	-200	-699	-899	467	1,205	1,690	1,918	1,083	0	0	0
Investment in long-term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment
9	8	8	12	13	19	34	33	57	65	51	52	30	26	33	31	30	19	13	10	16	35	58	63	69	57	0	0	0
Acquisition of drilling rig and related equipment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unproved oil and gas properties
4,315	6,601	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	14	14	58	58	44	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unproved oil and gas properties
-	-	-	-	-	-	-	-	15,251	10,820	6,760	3,481	2,006	1,192	1,397	1,351	1,140	1,113	762	1,294	1,326	1,513	1,499	980	908	1,260	0	0	0
Net cash used in investing activities
-8,933	-6,609	-5,986	-10,697	-12,903	-15,950	-18,323	-16,336	-14,729	-10,871	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,142	-	-575	-605	-443	-2,015	-2,762	-2,733	-2,895	-2,400	0	0	0
Cash flows from financing activities
Payments related to capital lease
12	11	12	10	10	9	0	0	0	-	0	0	15	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
10	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of 10% Senior Convertible Bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	3,470	3,470	3,470	2,655	0	0	0	0	-	-	-	-	-	-	-	-
Deferred offering costs
-	-	-	-	-	3,038	0	0	0	-	-	-	0	-2	-219	-214	-136	-134	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of stock and exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	8,158	4,338	3,473	4,176	4,055	3,723	3,976	3,129	3,114	3,388	0	0	0	-	-	-	-
Deferred financing costs on debt conversions and modification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan proceeds - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan principal repayments - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan proceeds - other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from issuance of stock and exercise of warrants
20,813	14,232	10,071	13,464	12,474	13,781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Costs associated with the issuance of stock and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,574	-	3,976	3,125	3,114	3,388	3,031	3,843	3,181	2,479	0	0	0
Net cash provided by financing activities
20,811	14,228	10,060	13,413	15,601	16,829	23,299	24,035	22,712	23,523	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase/(decrease) in cash, cash equivalents and restricted cash
5,409	1,810	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease), increase in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	1,188	4,592	2,408	151	-44	315	-472	-133	-914	-2,473	-2,212	-2,722	-2,990	-5,070	-6,206	-5,256	-5,935	-4,569	0	0	0
Supplemental schedule of cash flow information
Cash paid for interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash investing and financing activities:
10% Senior convertible bonds - cash held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Payment of note payable through issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of accounts payable through issuance of note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Financing costs paid through issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Increase in accounts payable for financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Waived interest on debt conversions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Shares issued for debt conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Value of warrants granted to underwriters
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cost of options capitalized to oil & gas properties
-	-	-	-	-	348	404	393	362	256	191	191	404	213	213	300	87	94	183	97	98	92	19	24	39	66	0	0	0
10% Senior convertible bonds - cash held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid investments in oil & gas properties
-514	16	2,287	-306	1,535	2,946	1,798	5,317	5,068	3,876	3,629	1,919	583	25	38	61	231	55	120	165	186	131	0	0	0	-	-	-	-
Subscription receivable for the sale of stock
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
10% Senior Convertible Bonds converted to shares
-	-	-	-	-	176	178	260	296	149	142	65	9	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment under capital lease
-	-	-	-	-	-	-	-	-	71	0	0	71	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized convertible bond interest attributed to oil and gas properties
323	313	268	213	255	331	332	502	432	346	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in oil & gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Transfer of inventory to oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0